South Korea's central bank on Thursday cut its key interest rate for the first time in three years as the economy struggles with sluggish global growth and with the country embroiled in a trade spat with Japan.
Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.
SINGAPORE: Online grocery and food delivery provider honestbee - which in May stopped its food delivery service in Singapore as part of a strategic review of its business - said it will be "temporarily suspending" its operations in Malaysia from Monday (Jul 22). In an email seen by CNA, the...
Volvo on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns (US$214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability.
Britain's easyJet on Thursday said it would hire Peter Bellew as its chief operating officer from Ryanair , as the budget airline said quarterly trading had been in line with expectations.
THE HAGUE: European law enforcement agencies set to lose the ability to tap criminals' mobile devices with the launch of 5G technology must be brought into discussions earlier when communications networks are modernised, the new head of Europol told Reuters. Appealing to EU leaders for greater ...
Sweden's AB Volvo inched up its market growth outlook for North America and Europe, as strong deliveries for its trucks and construction equipment as well as continued easing of supply chain bottlenecks helped it beat quarterly profit expectations.
Tokyo is facing a shortage of accommodation when Olympic fans pour into the Japanese capital for next year's Games so officials are looking offshore -- to moored cruise ships operating as floating hotels.
SINGAPORE: Accountants can step beyond their traditional roles and help businesses fight cybercrime, said Second Minister for Home Affairs Josephine Teo on Thursday (Jul 18). Forensic accounting, digital forensics and financial crime compliance are critical skills for accountants in combating ...
SoftBank Group Corp founder and Chief Executive Masayoshi Son said on Thursday that there is a dearth of investment opportunities in Japan, which he said is lagging in the race to develop artificial intelligence (AI).
