Should Democratic challenger Joe Biden prevail, as polls suggest, some on Wall Street are looking ahead to his cabinet picks to gauge whether he will govern as a business-friendly moderate or promote progressive legislation that could weigh on sectors such as financials and oil but bolster clean ...
Germany failed to do enough to avert the Wirecard fraud, the European Union's markets watchdog said on Tuesday as it delivered a highly critical verdict on the country’s handling of its biggest post-war corporate scam.
Bayer is facing a double hit from a higher legal bill for claims relating to weedkiller Roundup as well as 9.25 billion euros (US$10.82 billion) in impairments on agriculture businesses, much of it related to its Monsanto deal.
BEIJING/HONG KONG: China's top financial regulators told Ant Group Co Ltd's founder Jack Ma and two top executives that the company's lucrative online lending business faces tighter government scrutiny, sources told Reuters, days before its record-setting listing. Ant's controller Ma, its ...
SINGAPORE: Parliament passed several updates to the Goods and Services Tax (GST) Act on Tuesday (Nov 3), including giving tax enforcement officers greater powers to seize goods when investigating tax crimes. New measures to counter a fraud scheme used by syndicates, known as the missing trader ...
SINGAPORE: Days after department store Robinsons announced it was closing its last two outlets in Singapore, some suppliers said they are owed thousands of dollars by the 162-year-old retailer. These suppliers sell their products on consignment, where they are paid only after goods are sold to ...
China's Ant Group is expected to double its market value on debut, as unmet demand from mom-and-pop investors and an impending inclusion in major global indexes could offset worries about tighter regulations, fund managers said.
Asset manager Standard Life Aberdeen has overhauled its company engagement process after being burnt by a scandal at fast-fashion retailer Boohoo over allegations of poor working conditions at some of the company's suppliers earlier this year.
German regulators were "deficient" in how they supervised payments company Wirecard and were at risk of being overly influenced by the Finance Ministry, the European Union's markets watchdog said on Tuesday.
President Donald Trump raised barriers for Chinese companies seeking to invest or raise money in the United States that will have a lasting impact even if he does not win a second term, according to dealmakers and policy experts.
