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OCBC CEO donates S$650,600 without tax break; total pay up 3.5% to S$11.1m

OCBC chief executive officer Samuel Tsien had his total pay rise 3.5 per cent to S$11.1 million in 2019, the bank's latest annual report on Tuesday showed. Mr Tsien's total pay in 2019 is up from S$10.7 million a year ago, or at an absolute difference of about S$379,557....

Markets

OCBC brings Google Pay’s P2P funds transfer service to Singapore

OCBC Bank has brought Google Pay's peer-to-peer (P2P) funds transfer service to Singapore, making the Republic the third country where this service is available.

Markets

Quick-hit streaming service Quibi reports 1.7 million downloads in first week

About 1.7 million people downloaded the new entertainment streaming app Quibi during its first week on the market, Chief Executive Meg Whitman told CNBC television on Monday.

Markets

Australian unemployment rate to double as COVID-19 hammers economy

Australia's unemployment rate is expected to soar from 5.1 percent to 10 percent in the June quarter as the coronavirus fallout hits the economy, according to Treasury figures released Tuesday.

Markets

Oil gains as US shale production set to fall sharply

Oil prices rose on Tuesday after a U.S. agency said shale output in the world's biggest crude producer would fall by the most on record in April, adding to cuts from other major producers.

Markets

Trump says plan to re-open US economy to be completed soon as death toll tops 23,000

WASHINGTON: President Donald Trump said on Monday (Apr 13) that his administration was close to completing a plan to re-open the US economy, which has been largely shut down to slow the spread of COVID-19. In his daily news briefing, Trump noted that the number of deaths from the virus...

Markets

British American Tobacco under criminal probe by US regulators: The Times

Lucky Strike cigarette maker British American Tobacco is under criminal investigation by U.S. regulators over suspected sanctions-busting, The Times reported https://bit.ly/2ydR5Wm on Tuesday.

Markets

SoftBank shares untraded after estimating historic loss

SoftBank Group Corp shares were untraded with a glut of sell orders on Tuesday morning after estimating the Vision Fund will record a 1.8 trillion yen (US$16.73 billion) loss in the year ended March due to faltering bets on unproven startups.

Markets

Asia shares seen higher but economic woes may cap gains

Asian stocks were set for a modest bounce on Tuesday as U.S. stock futures edged higher, although fears the coronavirus could drag on the global economy for months are likely to temper investor confidence.

Markets

Grubhub, DoorDash, Postmates, Uber Eats are sued over restaurant prices amid pandemic

GrubHub, DoorDash, Postmates and Uber Eats were sued on Monday for allegedly exploiting their dominance in restaurant meal deliveries to impose fees that consumers ultimately bear through higher menu prices, including during the coronavirus pandemic.

Markets

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