BANGKOK: Thai Airways International won court approval on Tuesday (Jun 15) for a restructuring plan, a legal adviser to the company's creditors told Reuters, as the airline that is already under bankruptcy protection seeks to turn around its fortunes. The Central Bankruptcy Court in Bangkok gave ...
THE Monetary Authority of Singapore (MAS) on Tuesday rapped major insurers for failing to meet standards that set out how supervisors should have been paid as part of sales of investment products and life policies.
Indonesia's export growth shot up on a yearly basis to an 11-year high in May, supported by high commodity prices and a low base effect, while imports also jumped as domestic demand rose, official data showed on Tuesday.
TOKYO: Japan's economy likely grew and avoided slipping into recession this quarter but an extension of emergency measures to stem a rise in coronavirus infections has dented the growth outlook, a Reuters poll showed. Just over a month before Tokyo is set to host the Olympic Games, the world's...
MELBOURNE: Australia's biggest exporting state on Tuesday urged Canberra to stop antagonising China, the country's top trade partner, in remarks that came amid escalating criticism of Beijing led by the United States, Australia's main ally. "This isn't about kowtowing to other countries and ...
REUTERS: Australia's Nuix Ltd said on Tuesday its two top bosses would leave the company, in a blow to the software maker whose shares have tumbled about 68per cent since its listing late last year following earnings downgrades. Macquarie Group-backed Nuix's governance and the quality of its ...
SINGAPORE: Singapore-headquartered Carro, a Southeast Asian online automotive marketplace, said on Tuesday (Jun 15) it has raised US$360 million in its latest funding round led by SoftBank Vision Fund 2, becoming the region's latest unicorn. "The valuation for the company is well over a billion ...
China's central bank rolled over maturing medium-term loans on Tuesday, while keeping the interest rate unchanged for the 14th month in a row.
The repeated system failures at Japan's Mizuho Financial Group Inc were fundamentally caused by a corporate culture with a weak crisis response, a third-party investigation committee said in a report on Tuesday.
The dollar hovered below a one-month high compared with major peers on Tuesday ahead of a much-anticipated Federal Reserve meeting that could signal a change in the outlook for U.S. monetary policy.
