Britain's Thomas Cook said its banks had ordered the company to find an additional 200 million pounds (US$251 million) of funding in order to guarantee the survival of the world's oldest holiday company.
TOKYO: Mitsubishi, one of Japan's biggest trading houses, said on Friday (Sep 20) a Singapore-based unit has made a loss of US$320 million from unauthorised trading of crude oil derivatives. An employee of Petro-Diamond Singapore (PDS) who handles crude oil trades for China "was discovered to have ...
Royal Bank of Scotland has appointed Alison Rose as its new chief executive, becoming the first major British lender to appoint a woman to its top job.
Tech giant Tencent Holdings Ltd plans to leverage its strengths in video games and social media to grab market share in China's burgeoning cloud computing sector from incumbent Alibaba, the head of its cloud unit told Reuters.
MERGER and acquisitions (M&A) involving Singapore soared 70.6 per cent year on year to US$88.3 billion in the year to date, making it the strongest first nine-month period on record, according to Refinitiv data.
MERGER and acquisitions (M&A) involving Singapore soared 70.6 per cent year on year to US$88.3 billion in the year to date, making it the strongest first nine-month period on record, according to Refinitiv data.
ALTHOUGH Singapore ranks as one of the easiest places to do business in Asia, its accounting and tax sector stands to benefit from greater digitisation, according to a report released on Friday by administrative services firm TMF Group.
Boeing Co still has a series of steps to complete before the 737 MAX can return to service, including submitting a pre-production version of a software update, Federal Aviation Administration chief Steve Dickson said.
SEOUL: North Korea's crop production this year is expected to drop to its lowest level in five years, bringing serious shortages for 40 per cent of the population, as a dry spell and poor irrigation hit an economy already reeling from sanctions over its weapons programmes, the United Nations...
SINGAPORE: The minimum interest rate for Central Provident Fund (CPF) accounts will remain unchanged "in view of the continuing low interest rate environment", the board of Singapore's retirement savings scheme announced on Friday (Sep 20). The prevailing floor of 4 per cent - due to expire at the ...
