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NAB profits dive amid banking sector scandal fallout

SYDNEY: National Australia Bank announced on Thursday (Nov 7) that its profits fell more than 13 per cent in 2019, the latest in a string of poor results for the country's banks as they address years of rampant malpractice. A damaging industry scandal has forced NAB and Australia's other...

Markets

Uber to let passengers record rides in effort to curb crime in Latin America

Uber said on Wednesday that it will allow passengers and drivers to record audio of their trips in Brazil and Mexico using a new feature in the app, as the ride-hailing company copes with recurring safety concerns during its trips.

Markets

Commentary: MNCs have gotten away with paying less taxes. That must change

We have an international tax emergency on our hands. President of the Independent Commission for the Reform of International Corporate Taxation Professor José Antonio Ocampo discusses what a fair system that taxes multinational corporations should look like.

Markets

Commentary: Have Hong Kong’s bloated property giants had a change of heart?

The widening focus of Hong Kong’s protests highlights the stasis of a sector out of step with the times, says the Financial Times’ Henny Sender.

Markets

Qualcomm’s licensing forecast, helped by Apple deal, drives share gains

Qualcomm Inc shares rose more than 5per cent on Wednesday after it forecast current-quarter profit above Wall Street expectations, as its all-important licensing segment benefits from a deal with Apple Inc .

Markets

Green drive will hit fossil-linked assets; banks need to get ready

AS climate change takes its toll, banks will face the value deterioration in certain assets it's exposed to. To prepare for this, Singapore is expected to put out guidelines on environmental risk management for the financial sector.

Markets

Carro eyes digibank licence as vehicle to expand into SME loans

WITH its auto financing business already revving up profits - used car marketplace Carro is now eyeing a wholesale digital banking licence to expand the business.

Markets

Trafigura pilots US$20m trade on Singapore blockchain platform

A NEW blockchain platform meant to tackle the perennial problems behind the trillion-dollar trade finance market has been developed in Singapore among partners including commodity trading giant Trafigura and DBS, with a US$20 million pilot trade to be transacted via it.

Markets

Tembusu Partners fund to invest in China baijiu development

CHINA's fiery Moutai baijiu, distilled from red sorghum grain, has been on investors' radar in recent years, either as a stock or a collectible via aged, special edition bottles. Now, they can also participate through a fund.

Markets

Masayoshi Son desperately needs that second US$100b

SOFTBANKGroup Corp chairman Masayoshi Son is in the kind of pickle that even Jamie Dimon can't get him out of. Earnings for the September quarter show just how badly his Vision Fund is performing, and accelerate the need to raise a second incarnation just to keep the...

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