Markets

BERLIN: Germany has passed a comprehensive blockchain strategy in which Berlin vows to fight any company efforts to establish a parallel currency, in the latest sign that Facebook's planned Libra faces tough regulatory hurdles in Europe. The U.S. social media giant's Libra project is the most well ...

DESPITE a challenging year for global financial markets in 2018, Singapore’s assets under management (AUM) increased further by 5.4 per cent to S$3.44 trillion, according to an annual poll by the Monetary Authority of Singapore (MAS).

KUALA LUMPUR: Malaysia's Malindo Air, a subsidiary of Indonesia's Lion Group, said on Wednesday (Sep 18) it was investigating a data breach involving the personal details of its passengers. Malindo Air's statement followed a report by Moscow-based cybersecurity firm Kaspersky Lab that the details ...

WeWork owner The We Company faces strong headwinds in achieving its goal of launching an initial public offering (IPO) by the end of the year after postponing it this month, fund managers and capital markets professionals said.

DBS Bank on Wednesday said that DBS Private Bank and brokerage DBS Vickers Securities (Thailand) are partnering to double wealth assets managed in Thailand to S$8 billion from S$4 billion by 2023.

Britain has ordered the competition regulator to investigate whether the agreed acquisition of defense company Cobham by U.S. private equity firm Advent International should be blocked due to national security concerns.

Oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by month's end while caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.

INVESTORS of mutual funds in Singapore pay higher fees than those in other markets, because the majority of funds in the city-state charge front loads and trail commission, according to a study by Morningstar.

The Federal Reserve will conclude its latest policy meeting on Wednesday buffeted by conflicting economic data, under steady pressure from the White House for steep interest rate cuts, and confronted as well with an unexpected jump in overnight borrowing costs that may require action on its own.

China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars.