Markets

NEW YORK: The United States on Tuesday (Mar 10) granted Chinese telecom giant Huawei another 45 days to continue doing business with American companies. The new provisional license expires on May 15. Prior to the extension, the previous license was set to expire on Apr 1. In May, Washington said ......

JEFFERIES Research on Wednesday upgraded OCBC to "buy" amid the recent sell-down on Singapore banks, arguing as well that the local trio have historically resilient earnings and dividend cushion.

NEW YORK: COVID-19 angst has the world washing its hands with newfound vigour - but the performing arts world wringing them, as directives to scrap mass events threaten the entertainment world with economic chaos. The past week has seen major events including Miami's Ultra electronic dance music ...

Citigroup has hired Loretta Ko to return to the investment bank and head its financial institutions group (FIG) for Hong Kong, the bank said on Wednesday.

Major banks are at risk of losing billions of dollars of fee-based retail revenue as they face increased regulatory pressure and growing competition from new entrants offering no-fee services, Accenture Plc said on Wednesday.

SINGAPORE: The Singapore economy is expected to grow 0.6 per cent this year, according to economists and analysts polled in a survey by the Monetary Authority of Singapore (MAS) released on Wednesday (Mar 11).  This is a sharp drop from the 1.5 per cent growth expected by economists in...

WASHINGTON: As US coronavirus cases rose steadily, the White House and Congress negotiated measures on Tuesday to bolster the US economy and Americans' paychecks against the outbreak's impact, although there was no immediate sign of a deal. The rise in the number of US cases of COVID-19, a highly ...

Telefonica Brasil SA and TIM Participações SA have expressed interest in negotiating a joint offer to buy bankrupt Brazilian carrier Grupo Oi SA , the two companies said on Tuesday in securities filings.

AMERICAN private equity giant KKR has appointed Singapore-based Wong Chee-Wei as its head of global impact for Asia.

Air freight rates are skyrocketing after the grounding of many passenger flights in Asia has left shippers scrambling to book limited spots on cargo planes as Chinese industrial production restarts, according to industry insiders.