Some senior Deutsche Bank AG officials have discussed the possibility of putting additional problematic assets worth billions of euros into a unit it created earlier this year, if the bank is able to sell assets already held within that "bad bank," according to three bank sources.
SINGAPORE: The Government is working out a new pricing model for future public housing in the Greater Southern Waterfront, in order to mitigate the so-called “lottery effect” of obtaining a subsidised flat in a prime area, said Minister for National Development Lawrence Wong on Thursday (Sep 19) ...
Some 15 executives from companies associated with the tourism industry, such as American Express and Marriott , have urged the U.S. government to renew federal funding of Brand USA, which promotes the United States as a travel destination.
U.S. and Chinese deputy trade negotiators were set to resume face-to-face talks on Thursday for the first time in nearly two months as the world's two largest economies try to bridge deep policy differences and find a way out of a bitter and protracted trade war.
Toyota Motor Corp on Thursday announced a 1 billion reais (US$243.29 million) expansion at a plant in the Brazilian state of Sao Paulo, joining Volkswagen and General Motors in new investments in the region.
NEW YORK: For the first time in more than a decade, the US central bank this week stepped into financial markets to keep interest rates on short-term lending from popping above its target range. The New York Federal Reserve Bank conducted money market interventions on Tuesday (Sep 17) and...
WASHINGTON: Iran's supreme leader Ayatollah Ali Khamenei approved last weekend's attack on Saudi Arabia's oil infrastructure, CBS News reported Wednesday (Sep 19), citing an unnamed US official. The report came after US Secretary of State Mike Pompeo, flying to the kingdom, called Saturday's ...
Tesla Inc's Model 3 electric sedan has earned the top safety rating from the Insurance Institute of Highway Safety (IIHS), becoming the first Tesla to do so.
HONG KONG: The Hong Kong Monetary Authority (HKMA) cut interest rates for the second time this year on Thursday (Aug 19) and sought to lower borrowing costs for small businesses, as the economy took a knock from months of anti-government protests and fallout from US-China trade tensions. HKMA ......
WELLINGTON: New Zealand's economic growth slowed to a five-year low in the 12 months to June, official data released Thursday (Sep 19) showed, fuelling expectations further interest rate cuts are imminent. Statistics New Zealand said the economy expanded 0.5 per cent in the April-June quarter ...
