WITH the start of a new decade, diverse groups of companies have submitted their applications for the digital bank licences in the hopes of securing their places in the pantheon of Singapore's pioneering virtual banks.
NEW YORK: The Dow and S&P 500 edged to records on Wednesday (Jan 15) following a volatile session marked the signing of the long-awaited US-China trade agreement. The Dow Jones Industrial Average gained 90.55 points (0.31 per cent) to finish at 29,030.22, and the broad-based S&P 500 added 6.14 ......
NEW YORK: Goldman Sachs reported a drop in fourth-quarter profits on Wednesday (Jan 15) following a mixed performance in its operating businesses as it set aside US$1.1 billion in anticipation of settlements on the 1MDB scandal. Chief Executive David Solomon said the "preponderance" of the US$1.1 ...
WASHINGTON: After months of trouble, Boeing got a vote of confidence on Wednesday (Jan 15) from President Donald Trump, whose new China trade agreement is in part designed to boost the embattled company. "It's a great company!" Trump said of Boeing at a signing ceremony for the US-China trade...
Airbus sees enough demand for its wide-bodied A330neo passenger jet to keep production stable, Chief Commercial Officer Christian Scherer told Reuters on Wednesday.
South African telecoms company Telkom SA told unions on Wednesday it could cut up to 3,000 of more than 15,000 staff as it struggles with declining performance in fixed voice and fixed data services.
U.S. producer prices edged up in December as a rise in the cost of goods was offset by weakness in services, the latest indication of tame inflation pressures that could allow the Federal Reserve to keep interest rates unchanged this year.
FRANKFURT AM MAIN: German prosecutors on Wednesday (Jan 15) said they were investigating three people who allegedly spied for China, with media reporting that a German former EU diplomat was among the suspects. "We can confirm an investigation into suspected espionage" for Chinese state security ...
The "phase one" agreement includes pledges from China to beef up purchases of American crops and other exports, provides protections for US technology, and new enforcement mechanisms.
U.S. President Donald Trump on Wednesday said he had no doubt that Boeing Co's new chief executive, David Calhoun, would be able to turn the company around as it grapples with the two fatal crashes of its 737 MAX plane.
