JAKARTA -Flag carrier Garuda Indonesia, which last week defaulted on a US$500 million sukuk, is considering a court supervised debt restructuring process and is in talks to slash its fleet size, company executives said on Monday. A deputy minister of state-owned enterprises said earlier this ...
PARIS/KUALA LUMPUR -Axa has signed an agreement with Italian rival Generali to sell its insurance businesses in Malaysia for about 140 million euros (US$166.64 million), the French insurer said on Tuesday. In a statement, Axa said it expected to close the transaction by the second quarter of 2022 ......
Next Thursday, July 1, was supposed to be a day of celebration for Tesla: the opening of its self-styled "gigafactory" in the tranquil German municipality of Gruenheide, just outside Berlin.
THE Monetary Authority of Singapore (MAS), through its mystery shopping exercise (MSE) for financial advisers (FAs), found that roadshow sales had more incidences of unsuitable recommendations and inappropriate influence than through customer referrals.
SINGAPORE: A multi-storey car park at People’s Park Complex was put up for sale by public tender on Tuesday (Jun 22) with a guide price of S$42 million – equivalent to S$57,000 for each car park lot. The car park, which takes up levels three to six at the 31-storey...
MC Payment will hold the extraordinary general meeting (EGM) deciding on the removal of five directors from its board, save for one, on July 30.
REUTERS: A London-based hedge fund that suffered losses betting against U.S. retailer GameStop Corp during the first meme stock rally in January is shutting down, the Financial Times reported on Tuesday. White Square Capital has told investors that it will shut its main fund and return capital ...
Starlink, the satellite internet unit of Elon Musk's SpaceX, expects to be able to provide continuous global coverage by around September but will then need to seek regulatory approvals, its president Gwynne Shotwel said on Tuesday.
DBS has launched a fully digital and automated fixed income execution (FIX) platform where issuers can directly connect with investors without the involvement of a bank.
Bitcoin stabilised in Asian trading on Tuesday morning a day after a statement from China's central bank reaffirming the ongoing crackdown on cryptocurrencies in the country sent the world's largest token to a two-week low.
