Markets

SOUTH-EAST Asia's largest lender DBS will acquire a 13 per cent stake in Shenzhen Rural Commercial Bank (SZRCB) for RMB5.29 billion (S$1.08 billion), in a move that will make it the largest shareholder of the Chinese bank.

Wine drinking worldwide fell last year to its lowest level since 2002 as bars and restaurants shut their doors and tourism travel dried up amid the coronavirus pandemic, a trade body reported Tuesday.

Boeing's board of directors has raised the mandatory retirement age for CEO David Calhoun from 65 to 70, just days after he turned 64.

Dogecoin, the digital currency advertised as the one "favored by Shiba Inus worldwide,” is having its day.

Global smartphone sales snapped back in the first quarter of the year to show the strongest growth since 2015, a market tracker said on Tuesday (Apr 20).

SINGAPORE: DBS Group has agreed to buy a 13 per cent stake in privately-owned Shenzhen Rural Commercial Bank Corp (SZRCB) for 5.29 billion yuan (US$814.3 million), marking the Southeast Asian lender's biggest acquisition in China. DBS said in a statement on Tuesday (Apr 20) that it had received ...

SOUTH-EAST Asia's largest lender DBS will acquire a 13 per cent stake in Shenzhen Rural Commercial Bank (SZRCB) for RMB5,286 million (S$1,079 million), in a move that will make it the largest shareholder of the Chinese bank.

TAIPEI: The European Union is seeking to encourage greater investment from Taiwan, especially its semiconductor firms, the bloc's top diplomat in Taipei said on Tuesday (Apr 20), amid a global chip shortage that has impacted auto makers like Volkswagen. Tech powerhouse Taiwan, home to companies ...

YANGON: Chinese trade data gave a mixed snapshot of neighbour Myanmar's ability to keep up metal shipments in March amid unrest after February's coup, with flows of nickel pig iron (NPI) dwindling to almost nothing but those of copper doubling month-on-month. With Chinese firms directly involved ...

EYES are now on whether Singapore banks will snap up Citi's assets in markets that the local trio already play in, as the Wall Street giant sheds several of its consumer banking businesses across Asia.