BANKS and financial institutions under the jurisdiction of the Monetary Authority of Singapore (MAS) and the central bank in the Philippines are now allowed to exchange data electronically for business purposes.
TAIPEI: Trade-dependent Taiwan has made "relatively" good progress towards joining the revamped version of the Trans-Pacific Partnership, but it is awaiting clearer rules on membership, the island's chief trade negotiator said on Monday (Nov 16). While a member of the World Trade Organization ...
SEOUL: Korean Air Lines on Monday (Nov 16) said it will spend 1.8 trillion won (US$1.62 billion) to become the largest shareholder of indebted Asiana Airlines Inc, in a deal that would create the world's 15th biggest carrier. The suitor plans to issue 2.5 trillion won worth of shares next...
Nissan Motor Co. may sell its 34per cent stake in Mitsubishi Motors Corp in what would be a fundamental change in a three-way alliance that also includes French car maker Renault SA , Bloomberg News reported, citing unidentified sources.
BEIJING: China's industrial output rose at a faster-than-expected pace in October, while retail sales continued to recover albeit at a slower-than-forecast pace as the world's second-largest economy emerged from its COVID-19 slump. Industrial output climbed 6.9 per cent in October from a year ...
SYDNEY: Trading on the Australian Securities Exchange was halted on Monday (Nov 16) as the stock exchange operator cited "market data issues", shortly after shares touched their highest in more than eight months. The S&P/ASX 200 index gained 1.3 per cent at 6,487.30, its highest since Mar 8. The ...
Brilliance Automotive Holdings, the Chinese joint venture partner of BMW , said its parent Huachen Automotive Group may undergo restructuring after a creditor filed an application to a Chinese court.
BEIJING: Chinese new home prices grew at a slower monthly pace in October, data showed on Monday (Nov 16), as market restrictions imposed in some big cities cooled the property sector despite a broader economic recovery. Average new home prices in 70 major cities rose 0.2 per cent in October...
SEOUL: Hanjin Kal, owner of Korean Air Lines, is likely to buy Asiana Airlines as Asiana's state-run creditor Korea Development Bank (KDB) plans to inject 800 billion won (US$723.55 million) into Hanjin Kal, Yonhap said on Monday (Nov 16). The acquisition would combine the country's two biggest ...
PNC Financial Services Group Inc is in talks to buy the U.S. arm of Spanish bank BBVA in what could be one of the largest bank tie-ups since the financial crisis, the Wall Street Journal reported https://on.wsj.com/38YxxWH on Sunday.
