Markets

THE Monetary Authority of Singapore (MAS) has slapped a S$11.2 million civil penalty on UBS over deceptive trades by the bank's client advisers 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, paving the way for further adoption of the alternative rate.

NEW YORK: The S&P 500 on Thursday (Nov 14) rose to its second straight record close on an otherwise subdued day for Wall Street marked by concerns about slowing global growth and stalled trade talks. Markets got encouraging signals from Federal Reserve Chairman Jerome Powell, who in his second day...

Nvidia Corp forecast fourth-quarter revenue below Wall Street estimates on Thursday, hurt by seasonal weakness in demand for its gaming cards used in personal computers and laptops.

U.S. stocks slipped on Thursday, weighed down by technology shares after Cisco's dour forecast raised worries of a global economic slowdown and overshadowed strong results from big box retailer Walmart.

U.S. Attorney General William Barr said on Thursday that Huawei Technologies Co and ZTE Corp "cannot be trusted" and labeled them a security threat as he backed a proposal to bar U.S. rural wireless carriers from tapping an US$8.5 billion government fund to purchase equipment or services from them....

A U.S. bankruptcy judge on Thursday approved a process for the sale of the Philadelphia Energy Solutions oil refinery, the largest and oldest on East Coast, under which city officials and a trade union will consult on the matter.

PayPal Holdings Inc said on Thursday it had stopped payment support to PornHub's models after it found the adult entertainment website made certain payments without the permission of the payment processor.

Dallas Federal Reserve Bank President Robert Kaplan said he does not expect the U.S. economy to enter a recession next year, and he was optimistic that the strong consumer can help the U.S. economy overcome potential headwinds.

European investment firm Eurazeo is exploring a partial or full sale of its near 30per cent stake in Europcar Mobility Group as it seeks to cash out from the troubled French car rental company, sources told Reuters.