Markets

SYDNEY: Crisis-hit Boeing faced fresh safety concerns Thursday (Oct 31), as the firm admitted cracks were found in up to 50 of its popular 737NG planes following worldwide inspections. The Boeing 737NG (short for Next Generation) is the name given to the 600, 700, 800, 900 series variants of the...

Australia's consumer regulator on Thursday (Oct 31) said it has filed a lawsuit against the local unit of Japanese automaker Mazda Motor Corp for allegedly misleading consumers. The Australian Competition & Consumer Commission (ACCC) has accused Mazda Australia of engaging in "unconscionable ...

Boeing has grounded up to 50 planes globally over cracks, Agence France Presse news agency reported on Thursday. https://bit.ly/3238KJC

Airlines have completed one round of checks triggered by engine failures on the Airbus A220 and have found no faults, an executive at engine maker Pratt & Whitney said on Thursday.

UNITED Overseas Bank (UOB) on Thursday said it has provided its first green loans under its new real estate sustainable finance framework.

Canada's Bombardier is in advanced talks to sell three facilities, including its Belfast wing-making plant, to Spirit AeroSystems for more than US$1 billion in cash and assumed liabilities, two sources familiar with the matter told Reuters on Thursday.

SINGAPORE: United Arab Emirates utility firm Utico has given Hyflux until 5pm on Friday (Nov 1) to accept the terms in Utico’s latest draft of a definitive restructuring agreement, the Singapore High Court was told during a case management conference on Thursday. Failing which, Utico will walk ...

BANK lending in Singapore slipped by 0.06 per cent in September from a month ago, as a fall in business loans more than offset a rise in consumer loans, preliminary data from the Monetary Authority of Singapore (MAS) showed on Thursday. 

Factory activity in China shrank for the sixth straight month in October, official data showed on Thursday, pointing to further pressure on its manufacturers as they grapple with the weakest economic growth in nearly 30 years.

SINGAPORE-FOCUSED tokenisation startup Sygnum has obtained a capital markets services licence from the Monetary Authority of Singapore.