Markets

SINGAPORE: Vietnam's VietJet is eyeing new routes to the Middle East, Eastern Europe and Australia with 20 long-range Airbus A321XLR narrowbody planes ordered last month, the budget airline's chief executive said on Thursday (Nov 14). "When we receive the airplanes with the longer range, then we ...

THE Monetary Authority of Singapore (MAS) has imposed a S$11.2 million civil penalty on UBS over deceptive trades by the bank's client advisers in Singapore.

Ron Sim's V3 Group is said to be in talks with property group Far East Organization, stored-value card operator EZ-Link, and Temasek-owned Heliconia Capital to form a consortium to gun for a digital bank licence in Singapore.

OCBC Bank and Standard Chartered have completed Singapore’s first overnight indexed swap derivatives transaction using the Singapore Overnight Rate Average (SORA) as the interest rate benchmark.

Boeing Co has abandoned a key automation system used to make fuselage sections for its 777 jetliners amid reports of reliability issues, and will instead partially switch back to mechanics, the planemaker said on Thursday.

Asian markets fluctuated Thursday with investors shifting cautiously following another Wall Street record as Donald Trump hailed progress in the China trade talks, while eyes are also on Hong Kong after another night of violent protests.

FRANKFURT: Daimler said Thursday (Nov 14) it planned to cut jobs to save more than €1 billion (US$1.1 billion) by the end of 2022, as the German luxury carmaker grapples with an expensive switch to greener vehicles. The Mercedes-Benz maker has also been hit by expensive recalls, a slowing global...

Alibaba Group will carry out Hong Kong’s first paper-less stock market listing with its US$13.4 billion share sale, according to a source with knowledge of the matter, ending the long-held tradition of Hong Kong investors queuing in bank branches to place stock orders.

KEPPEL Corp's unit KC Management One will buy a 50 per cent stake in Pierfront Capital Fund Management (PCFM), a subsidiary and investment manager of Pierfront Capital Mezzanine Fund (PCMF), for US$7.8 million.

China and the United States are holding in-depth discussions on the first phase of a trade pact, and cancelling tariffs is an important condition to reach a deal, the Asian giant's commerce ministry said on Thursday.