Markets

Shares in Asia fell on Tuesday despite another record high close for the S&P 500, as investors await a U.S. Federal Reserve policy decision for clues of whether it will continue to take a "patient" approach to interest rate policy.

WASHINGTON: Hotel chain Marriott International on Monday (Apr 29) announced the launch of an online rental platform for luxury homes - joining the likes of home-sharing giant Airbnb. Starting next week, the group will offer around 2,000 high-end homes in certain areas of the US, Europe, the ...

Shares in Asia fell on Tuesday despite another record high close for the S&P 500, as investors await a U.S. Federal Reserve policy decision for clues of whether it will continue to take a "patient" approach to interest rate policy.

SEOUL: Samsung Electronics Co Ltd posted a 60 per cent drop in first-quarter operating profit on Tuesday, hit by falls in chip prices and slowing demand for display panels. Operating profit was 6.2 trillion won (US$5.4 billion) in the January-March quarter, in line with the 6.2 trillion won the...

Virgin Australia Holdings said on Tuesday it had reached an agreement with Boeing to delay deliveries of the U.S. planemaker's now contentious 737 MAX aircraft.

Investors’ latest love affair with equity markets may continue this year, but the prospects for global growth looks bleak, says Nouriel Roubini.

BUENOS AIRES: Argentina adopted a new measure on Monday (Apr 29) aimed at stabilising its exchange rate, six months out from presidential elections in which economic worries are having an impact on opinion polls. The central bank now has the power to sell up to US$250 million a day...

OCBC Bank, Singapore's second largest lender, said on Monday that bancassurance remains a core part of its business, when asked if the bank would consider outsourcing it to another partner as its local peers have done.

DBS Group Holdings posted a 9 per cent rise in Q1 earnings to a record S$1.65 billion on higher margin, strong trading income and a S$100 million write-back due to improved credit quality.

DBS Group Holdings, the nation's largest home loan provider, saw its mortgage book shrink for the first time in years in the first quarter of 2019, chief executive Piyush Gupta said on Monday.