Markets

CHIEF executive officer of the Network for Electronic Transfers (NETS) Jeffrey Goh will step down from his post, the Singapore payments network firm announced on Thursday.

UOB Kay Hian Holdings on Thursday posted a 14.7 per cent increase in net profit to S$20.3 million for its third quarter ended Sept 30, as higher trading volume and retail participation across its main regional markets boosted turnover.

Alibaba's Hong Kong listing will not only land it US$13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout of a damaging trade war.

SINGAPORE: Vietnam's VietJet is eyeing new routes to the Middle East, Eastern Europe and Australia with 20 long-range Airbus A321XLR narrowbody planes ordered last month, the budget airline's chief executive said on Thursday (Nov 14). "When we receive the airplanes with the longer range, then we ...

THE Monetary Authority of Singapore (MAS) has imposed a S$11.2 million civil penalty on UBS over deceptive trades by the bank's client advisers in Singapore.

Ron Sim's V3 Group is said to be in talks with property group Far East Organization, stored-value card operator EZ-Link, and Temasek-owned Heliconia Capital to form a consortium to gun for a digital bank licence in Singapore.

OCBC Bank and Standard Chartered have completed Singapore’s first overnight indexed swap derivatives transaction using the Singapore Overnight Rate Average (SORA) as the interest rate benchmark.

Boeing Co has abandoned a key automation system used to make fuselage sections for its 777 jetliners amid reports of reliability issues, and will instead partially switch back to mechanics, the planemaker said on Thursday.

Asian markets fluctuated Thursday with investors shifting cautiously following another Wall Street record as Donald Trump hailed progress in the China trade talks, while eyes are also on Hong Kong after another night of violent protests.

FRANKFURT: Daimler said Thursday (Nov 14) it planned to cut jobs to save more than €1 billion (US$1.1 billion) by the end of 2022, as the German luxury carmaker grapples with an expensive switch to greener vehicles. The Mercedes-Benz maker has also been hit by expensive recalls, a slowing global...