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Markets

Japan automakers’ May global sales drop 38per cent as lockdowns weigh

Japanese automakers' global sales declined 38per cent in May, in the third straight month of big falls as most automotive factories and dealerships remained closed due to coronavirus lockdowns.

Markets

Singapore sees broader transition to new rates benchmark next year

SINGAPORE expects to see a fuller transition to the use of its alternative benchmark rate, the Singapore Overnight Rate Average (SORA), starting next year, with key banks in the Republic ready to trade SORA derivatives that should boost market participation and liquidity.

Markets

China’s factory activity likely slowed in June on subdued global demand, Reuters poll shows

China's factory activity likely grew for the fourth month June but the pace may be waning, as global demand stayed subdued while a fresh coronavirus outbreak in the Chinese capital and rising worldwide cases threaten to undermine a gradual domestic recovery.

Markets

Yield curve control a double-edged sword for BOJ as low rates strain banks

The Bank of Japan's push to keep borrowing costs low to cushion the economic blow from the coronavirus is coming at the expense of the country's lenders, which are already buckling under the strain of decades of ultra-low interest rates.

Markets

Boeing 737 MAX could take off on Monday for commercial survival

Boeing's 737 MAX plane could take its first test flight from Monday, a crucial step for the survival of the company's star model that has been grounded for 14 months.

Markets

Coronavirus rekindles global trade disputes

At the start of the year, U.S.-China tensions were easing after their Phase I trade deal, while Washington, Brussels and Tokyo agreed on new global trading rules to curb subsidies. A relative calm had set in.

Markets

Singapore Exchange to pay US$128 million to fully acquire FX trading platform

SINGAPORE: Singapore Exchange (SGX) said on Monday (Jun 29) that it will pay about US$128 million to buy the 80 per cent stake it does not own in trading platform, BidFX, as it seeks build its presence in foreign exchange futures and the over-the-counter market. "The future of FX...

Markets

Sony sees software subscription as future for data-analyzing image sensors

Sony Corp's image sensor business aims to replicate PlayStation's success to address its reliance on a handful of manufacturers in the fickle smartphone market: It plans to sell software by subscription for data-analyzing sensors in situ.

Markets

Sony sees software subscription as future for data-analysing image sensors

Sony Corp's image sensor business aims to replicate PlayStation's success to address its reliance on a handful of manufacturers in the fickle smartphone market: It plans to sell software by subscription for data-analysing sensors in situ.

Markets

GoBear, Mambu, CredoLab team up to accelerate Asia lending business

FINANCIAL services startup GoBear will partner cloud banking platform Mambu and alternative credit scoring provider CredoLab to accelerate its lending business across Asia, Mambu said in a statement on Monday.

Markets

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