A top U.S. lawmaker called for U.S.-listed Chinese companies that do not meet U.S. auditing standards to be barred from American exchanges, pressing the White House to take a hard line as it ramps up pressure on China.
Although there is no obvious capital exodus from Hong Kong yet, the US sanctions can be quite detrimental to the island’s financial and property markets, says CUHK’s Simon Lee.
United Airlines Holdings Inc warned on Tuesday that travel demand will remain suppressed until there is a widely accepted treatment or vaccine for COVID-19, which plunged the carrier to a deep quarterly loss on Tuesday.
DIGITAL bank aspirants in Singapore still have a viable path ahead despite the uncertainties wrought by the pandemic, for the simple reason that there is a flexible timeline for them to set up shop fully.
COVID-19 has hit the reset button on world economies, and governments should look to firm up "exit plans" from their current consumption-focused stimulus packages, said DBS chief Piyush Gupta.
WHILE the world is currently experiencing unprecedented upheaval due to the Covid-19 crisis, the Asia-Pacific banking and financial services industry is reaching a tipping point in many regions, with the "digital banking revolution" on the near horizon. Banks, lenders and other financial institutions need to be prepared...
Snap Inc on Tuesday beat expectations for quarterly revenue as advertisers turned to the app to reach younger users, but said an initial lift in user growth at the start of coronavirus-led lockdowns dissipated faster than it expected.
Best Buy Inc said on Tuesday that it would raise hourly wages for its employees by 4per cent, replacing its short-term incentive pay it introduced during the pandemic, from Aug. 2.
The benchmark S&P 500 U.S. stock index is now positive for the year, yet most of its components have sat out the rally.
Tesla Chief Executive Elon Musk qualified on Tuesday for a payout worth an unprecedented US$2.1 billion, his second jackpot since May from the electric car maker following its massive stock surge.
