SoftBank Group Corp said it sees a loss of around 700 billion yen (US$6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, extending the group's expected net loss to 900 billion yen.
Asian equity markets were poised to gain on Thursday, tracking Wall Street's rally after positive trial results of an experimental COVID-19 treatment, a U.S. Federal Reserve pledge to shore up the economy and a jump in oil prices.
SINGAPORE: DBS Group Holdings has set aside S$1.09 billion to cover the impact of the coronavirus pandemic as Southeast Asia's biggest lender reported a 29 per cent fall in first-quarter profit to the lowest in two-and-a-half years. DBS said provisions for credit losses surged in January-March ...
NEW YORK: Wall Street stocks ended a bullish session sharply higher on Wednesday (Apr 29) on hopes of continued Federal Reserve stimulus and positive signs about a coronavirus treatment under development. The Dow Jones Industrial Average finished up 532.31 points (2.21 per cent) at 24,633.86 ...
SINGAPORE: Imagine travelling to your holiday destination on a plane that is only half filled with passengers, served by cabin crew wearing masks. That could be the “new normal” for airlines which are likely to continue with safe distancing measures even after the COVID-19 outbreak dies down, said ......
Both countries will need to rethink their social contracts once the pandemic is over, say Andrew Sheng and Xiao Geng.
Singapore Airlines and Changi Airport have strong state support, and the lack of a domestic market could be partially overcome if Singapore joins with other countries to create travel bubbles once recovery begins, says Brendan Sobie.
IN A MOVE to encourage better personal finance habits, DBS Bank has rolled out a new digital advisory tool that helps customers consolidate and analyse their overall finances, as well as provide more personalised financial information tailored to their current life stage.
THE Bank of International Settlements (BIS), through its Singapore innovation hub arm, on Wednesday called for private firms to participate in a global "remote hackathon" to solve urgent problems related to regulatory compliance and ensuing supervisory processes.
FOLLOWING a pushback from irate customers, CIMB Bank Singapore will delay the start date - to Jan 1, 2021 - of its higher minimum rate for certain mortgages pegged to the Singapore inter-bank offered rate (Sibor) and Swap offer rate (Sor).
