Markets

MILAN: Luxury brands are likely to retreat from Hong Kong as the city is wracked by protests at a time when wealthy Chinese shoppers are staying on the mainland, consultancy Bain said on Thursday (Nov 29), highlighting a shift that is reshaping the global industry. Sales growth for companies...

BANK lending in Singapore was up 0.7 per cent in October from a month ago, reversing from a slight contraction in September over the month, preliminary data from the Monetary Authority of Singapore showed on Friday.

HONG KONG: Airlines that fly to and from Hong Kong will be able to keep their prized airport slots even if they temporarily cut capacity due to weak travel demand through March, according to the Hong Kong Civil Aviation Department. READ: Hong Kong gears up for weekend protests after rare...

Global shares ticked up on Friday, but hesitated to test an all-time peak as investors worried a new U.S. law backing Hong Kong protests could derail Washington's and Beijing's efforts to end their trade war.

SAN FRANCISCO: Facebook said it had restored service following an outage on Thursday (Nov 28) that hindered access to the social platform and its other apps such as Instagram. "Earlier today, people may have experienced trouble accessing Facebook's family of apps. The issue has since been resolved ...

GDP is an imperfect metric. But it continues to be used as a benchmark for national performance and policymaking in an era of social, economic, and environmental disruption, highlight Asit K Biswas and Kris Hartley.

A FULL-BLOWN direct cyber attack on a bank would cost it between 20 and 35 per cent of its quarterly profits - even when contingency measures are in place, the latest stress test by the Monetary Authority of Singapore (MAS) has found.

JOHOR BAHRU: Singaporean shoppers headed to Kuala Lumpur, Penang and Melaka will now be able to make purchases with their NETS ATM card. The number of NETS acceptance points across Malaysia have increased from 4,500 to 7,400 points, and they can now be found in the three major cities in addition ......

Brazilian state-controlled lender Banco do Brasil SA sees its profits likely to grow 10per cent in 2020 from this year, its Chief Financial Officer Carlos Hamilton Araujo said on Thursday in a meeting with analysts.

Peugeot maker PSA Group is preparing to sell its 50per cent stake in a joint venture with Chongqing Changan Automotive , a Chinese partner also exiting the manufacturing tie-up, a spokesman for the French carmaker said on Thursday.