Markets

UOB (China) became the first foreign bank to open a branch in Guangdong's Zhongshan City on Thursday, as it continues its expansion plans in the Greater Bay Area (GBA) with a total of seven branches to date.

Volkswagen and Porsche have to recall around 227,000 cars due to problems with airbags and seatbelt pre-tensioners, Germany's Stuttgarter Zeitung said on Thursday.

China's economic growth risks slipping below the lower-end of Beijing 2019 target of 6per cent in the third quarter or over the next year, analysts warn, but government economists are slightly more optimistic as they expect stimulus to help stave off a sharper slowdown.

German ecommerce investor Rocket Internet has no immediate plans to go private, Chief Executive Oliver Samwer told investors on Thursday.

JAKARTA: Indonesia's central bank slashed interest rates on Thursday (Sep 19) for the third month in a row as Southeast Asia's biggest economy feels the sting of the US-China trade war and tepid global growth. Bank Indonesia (BI) lowered its key lending rate by 25 basis points to 5.25 per...

SINGAPORE: Singapore Post said its two struggling US e-commerce units, Jagged Peak and TradeGlobal, have filed voluntary petitions for Chapter 11 bankruptcy protection as a six-month process to find buyers for the businesses failed. "Under the supervision of the bankruptcy court, the ...

THE board of directors of the Bank for International Settlements (BIS) has appointed the Monetary Authority of Singapore's managing director Ravi Menon as chairman of the BIS Asian Consultative Council (ACC) for a two-year term starting Sept 26, 2019.

Ukraine's land market could open up in October 2020 after parliament lifts a ban on selling land, Prime Minister Oleksiy Honcharuk said on Thursday.

SHANGHAI: China's total planned coal-fired power projects now stand at 226.2 gigawatts (GW), the highest in the world and more than twice the amount of new capacity on the books in India, according to data published by environmental groups on Thursday (Sep 19). The projects approved by China ......

Some senior Deutsche Bank AG officials have discussed the possibility of putting additional problematic assets worth billions of euros into a unit it created earlier this year, if the bank is able to sell assets already held within that "bad bank," according to three bank sources.