The largest U.S. banks have enough capital to withstand over US$600 billion in losses from a short sharp economic slump, as well as a moderate longer-lasting downturn, and will be permitted to pay out dividends and buy back stock on a limited basis, the U.S. Federal Reserve said.
The pandemic has revealed just how essential some workers truly are, says Edoardo Campanella.
The Scrooges and Grinches among us are wondering how this workplace obligation managed to survive the pandemic, says Tracy Lee.
SINGAPORE: The muted collective sales market could see a revival in the second half of next year, as developers turn to the private residential scene to feed a growing appetite for land, according to property analysts. This comes as the property market has remained resilient in the face of...
Boeing officials "inappropriately coached" test pilots during recertification efforts after two fatal 737 MAX crashes, according to a lengthy congressional report released on Friday.
AFTER some delays due to the Covid-19 pandemic, Aleta Planet has finally launched on Friday its AP-1 virtual card, which will allow Singaporeans and foreigners to make cashless payments like a local when they are in China, without the need to set up a bank account there.
FOR years, the asset-management industry has braced itself for shocks. In 2018, US$369 billion poured out of long-term mutual funds in favour of exchange-traded funds (ETFs), a record at the time.
President Donald Trump on Friday signed legislation that would kick Chinese companies off U.S. stock exchanges unless they adhere to American auditing standards, the White House said.
Privately held Hilcorp Energy Co said on Friday its unit completed a US$5.6 billion acquisition of BP Plc's business in Alaska, taking over the region the British oil major had operated in for 60 years.
Nike Inc beat estimates for quarterly revenue on Friday, helped by a jump in online demand for sports shoes and apparel as more people engaged in fitness-related activities during the COVID-19 pandemic.
