Absolute debt levels are only part of the story, say two observers.
SUBSIDIES from the Monetary Authority of Singapore (MAS) drove first-time bond issuances in Singapore in 2019, said its Singapore Corporate Debt Market Development 2019 report released on Friday.
Walmart Inc said on Monday it has dropped its plans to use roving robots to scan shelves and keep track of inventory, squashing the world's largest retailer's years-long efforts to automate the task.
The CEO of Monte dei Paschi told directors on Monday (Nov 2) the bailed-out Italian bank needs €1.5-2.0 billion (US$1.7-US$2.3 billion) in cash to avoid breaching capital requirements in the first quarter of 2021, a source with knowledge of the matter said.
Any French involvement in holding up a multi-billion natural gas deal over environmental concerns could damage the country's trade ties with the United States, a Republican Senator has warned in a letter to French President Emmanuel Macron.
Donald Trump's campaign slogan in 2016 could have been 'build the Wall Street’, but a scan across global markets throws up plenty of surprises, especially in the emerging economies that have been in Trump's cross-hairs.
Fiat Chrysler Automobiles NV (FCA) disclosed it could face costs of up to 722 million euros (US$840 million) to resolve a Justice Department investigation into excess diesel emissions and as a result of higher fuel economy penalties.
US manufacturing activity accelerated more than expected in October, with new orders jumping to their highest level in nearly 17 years amid a shift in spending toward goods like motor vehicles as the COVID-19 pandemic drags on.
Monte dei Paschi CEO Guido Bastianini told directors at a board meeting on Monday the bank needs 1.5-2.0 billion euros (US$1.7-US$2.3 billion) in cash to avoid breaching capital requirements early next year, a source with knowledge of the matter said.
A German appeals court on Monday lifted the enforcement of an injunction won by Nokia Oyj in a patent dispute with Lenovo Group Ltd to block the world's largest PC maker from selling its products in Europe's largest economy.
