THE Monetary Authority of Singapore (MAS) on Wednesday has called on local banks to cap their total dividends per share (DPS) for FY2020 at 60 per cent of the amount in the previous financial year, in a move to shore up capital amid the uncertain economic climate....
THE Monetary Authority of Singapore (MAS) on Wednesday called on local banks to cap their total dividends per share (DPS) for FY2020 at 60 per cent of the amount in the previous financial year, in a move to shore up capital amid the uncertain economic climate. ...
General Electric Co reported US$2.18 billion in quarterly losses on Wednesday, hurt by weakness in its aviation and power units due to the COVID-19 pandemic, but its free cash outflow came in better than expected.
The CEOs of four of America's largest tech firms will testify before U.S. Congress on Wednesday in a hearing that promises a healthy dose of political theater, while also offering a window into the thinking of lawmakers trying to rein in Big Tech.
A CONSULTATION report has recommended that the SGD Singapore Interbank Offered Rates (Sibor) be discontinued in three to four years, and that the Singapore Overnight Rate Average (SORA) be used as the main interest rate benchmark for SGD financial markets.
LONDON: A major UK trial looking at whether some existing drugs may be used to treat COVID-19 is to continue testing Roche's arthritis drug Actemra, also known as tocilizumab, despite separate trial results on Wednesday (Jul 29) showing it had no benefit. "We will be continuing with the arm...
A group led by Takeda Pharmaceutical Co have completed test supplies of a blood plasma treatment for COVID-19, but pending regulator approval will likely prevent clinical trials from meeting a July start date.
The crippling effects of the coronavirus crisis have crushed government and corporate finances and sent debt soaring. As the charts below show, it is also crunching their credit ratings and causing a spike in defaults.
Rio Tinto reported a 20 percent drop in first-half net profits Wednesday, as the coronavirus pandemic tempered global mineral prices.
U.S. prosecutors are seeking 27 months of imprisonment for the former head of Uber's self-driving technology unit, Anthony Levandowski, who agreed to plead guilty in March for taking sensitive documents from his former employer Google before joining Uber.
