Japan's economy is set to grow much slower than previously hoped this quarter, hobbled by extended emergency measures put in place to halt a rise in coronavirus infections, a Reuters poll showed.
The global semiconductor chip shortage will cost automakers US$110 billion in lost revenues this year, up from a prior estimate of US$61 billion, consulting firm AlixPartners said, as it forecast the crisis will hit the production of 3.9 million vehicles.
DBS Group said on Friday its private banking arm has started offering trust services for cryptocurrencies, helping rich clients include the emerging asset class in their succession plans.
China's Semiconductor Manufacturing International Corp (SMIC) said on Friday that demand for chips exceeds supply, and raised its expectations for sales for the first half of the year.
Amazon.com Inc is in talks with Japanese power utilities and trading houses to build a renewable power plant in Japan to procure clean energy for its local data centres, the Nikkei reported late on Thursday.
TAIPEI: Taiwan Premier Su Tseng-chang said on Friday (May 14) that there is no need to raise the island's COVID-19 alert level for the time being and that compared with last year it has more experience and resources to fight the pandemic. While Taiwan has reported just 1,233 cases,...
DBS Private Bank has launched a trust solution for cryptocurrencies via the bank's wholly-owned trust company DBS Trustee to allow its private banking clients to invest, custodise and manage digital assets.
The charge is mostly due to impairment of assets and goodwill at digital marketing firm Amobee and cybersecurity business Trustwave.
The dollar took a breather on Friday but looks set to post weekly gains against a basket of currencies as investors try to assess the risk of U.S. inflation rising faster than expected and prodding the Federal Reserve to hike interest rates sooner.
NEW YORK: Bitcoin fell to a more than two-month low on Thursday (May 13) in the wake of Tesla chief Elon Musk reversing his stance on accepting the digital currency, selling off for a second straight session on news of a US probe into Binance, one of the world's biggest crytocurrency...
