Markets

SHANGHAI: China has officially started researching sixth-generation telecoms technology, state media reported on Thursday (Nov 7), a move it described as aiming to promote the latest wireless innovation. Chinese government ministries and research institutes met this week in a "kick-off" meeting to ...

Asian shares napped near multi-month peaks on Thursday while bonds eked out a bounce as reports of delays in sealing a preliminary Sino-U.S. trade deal left investors frustrated at the lack of concrete progress.

<p>SINGAPORE stocks reversed course to resume trading in positive territory on Thursday afternoon, with the Straits Times Index gaining 0.02 per cent, or 0.5 point to 3,263.20 as at 1.02pm.&nbsp;</p>

<p>BANKS in South-east Asia are set to miss out on as much as US$5 billion, or 14.3 per cent of their payments revenue by 2025, displaced by the growth of digital payments and competition from non-banks,&nbsp;according to a new report.&nbsp;</p>

Chinese internet search leader Baidu beat revenue estimates in its latest quarter but still posted a net loss, which it blamed largely on equity investments that fared poorly.

MANILA: The Philippine economy grew faster than expected in the third quarter fuelled by stronger government spending, making it all but certain there won't be a need for more policy easing this year. Gross domestic product in the July-September quarter grew 6.2 per cent from a year earlier, the ...

<p> A bitcoin miner, flying-taxi maker and apartment-sharing outfit are among the herd of Chinese upstarts rushing to New York markets. Their untested business models are alarming enough. But Beijing's more frequent crackdowns on booming next-generation industries add another layer of risk.</p>

Asian shares managed to cling near multi-month peaks on Thursday while bonds eked out a bounce as reports of delays in sealing a preliminary Sino-U.S. trade deal left investors frustrated at the lack of concrete progress.

Tens of thousands of Lufthansa passengers faced disruptions Thursday as cabin crew in Germany kicked off a "massive" 48-hour walkout in the biggest escalation yet of a bitter row over pay and conditions.

The use of blockchain technology solves the issue of information asymmetry in trade finance and the core problem of providing proof of trade authenticity, the Shanghai headquarters of the People's Bank of China (PBOC) said in a statement on Thursday.