Markets

DBS Bank will be granted a settlement agent licence by the People's Bank of China (PBOC) that will permit Singapore's largest bank to trade, settle and provide custody for China's interbank bond market instruments on behalf of foreign investors, the Monetary Authority of Singapore (MAS) said on...

Nevada gaming regulators are seeking a ban on former Wynn Resorts Ltd chief Steve Wynn from the state's casino industry, citing allegations of sexual misconduct that emerged a year ago, a regulatory filling showed.

MGM Resorts International said on Tuesday it would sell its Bellagio and Circus Circus resorts in Las Vegas in separate deals valued at about US$5 billion, as the casino operator adopts an asset-light strategy to bolster its balance sheet.

NEW YORK: Wall Street stocks surged on Tuesday (Oct 15) following a batch of mostly good corporate earnings while investors shrugged off a downcast IMF forecast that emphasised the drag from trade wars. Shares of Dow components JPMorgan Chase, Johnson & Johnson and United Healthcare rocketed ...

Federal prosecutors in New York on Tuesday charged Turkey's Halkbank with taking part in a multibillion-dollar scheme to evade U.S. sanctions against Iran.

Trading in shares of WeWork in the private over-the-counter (OTC) market has almost ground to a halt, underscoring a loss of investor confidence in the office-sharing company and providing further evidence of its recent huge loss in value.

United Airlines on Tuesday beat Wall Street estimates for quarterly profit, boosted by strong travel demand and lower fuel costs, and lifted its full-year profit forecast despite the grounding of its Boeing 737 MAX fleet.

ZURICH: China's Huawei may be facing closer official scrutiny in Europe amid US allegations that it poses a security threat, but mobile operators in the region are still queuing up to buy its gear for their next-generation 5G networks. Of 65 commercial deals that Huawei has signed, half are with...

Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10per cent level, Bloomberg reported on Tuesday.

The price of WeWork's U.S. junk bond fell to an all-time low on Tuesday, last trading at 78 cents on the dollar, as the company weighed financing options including a package that may include at least US$2 billion of unsecured notes with a 15per cent coupon.