SINGAPORE banks posted lower profits for the third quarter of this year from a year ago, as the trio continue to bulk up provisions to cushion against bad loans as a result of the Covid-19 crisis.
Insurers appear to have dodged a revival of strict regulations and policy upheavals after an anticipated Democratic "Blue Wave," which would have allowed progressives to push for broad reforms, failed to materialize on Wednesday, said industry executives.
Mexican airline Aeromexico has requested permission from U.S. bankruptcy court to dismiss 1,830 employees in a cost-saving measure to weather the economic shocks of the coronavirus crisis, according to court filings filed on Wednesday.
A rethinking of Malaysia’s tax regime and social welfare programmes is overdue, says Stewart Nixon.
China’s Sinovac is working with Indonesia’s Bio-Farma to produce COVID-19 vaccines and there are huge economic payoffs but significant challenges remain, says this observer.
UOB opened the Singapore banks' Q3 results season by rolling back some of its worst fears, as has been the case with the global banks.
THE suspension of Ant Financial's US$34 billion initial public offering (IPO) less than 48 hours before its trading debut is expected to dampen the valuation of Alibaba's fintech arm, as well as that of other Chinese fintech companies looking to list in Greater China or even in...
GREAT Eastern Holdings on Wednesday posted a 40 per cent rise in net profit to S$287.9 million for the third quarter ended Sept 30, from S$205.1 million a year ago.
ANT IPO SHOCK
ONE of the early signs that the Ant Group's US$35 billion initial public offer (IPO) had hit a snag was the curious tearing down of all its advertisements from billboards across Shanghai Metro stations before its scheduled Thursday debut. Reason: their contents allegedly promote unwelcomed values that...
