Markets

NEW YORK: Boeing's communications chief resigned on Thursday (Jul 2) following a complaint over an article he wrote more than 30 years ago contending that women should not serve in combat. His resignation comes as a number of US companies examine their corporate culture following weeks of protests ...

Biotech firm Moderna Inc could reap tens of billions of dollars in sales and stock appreciation if it wins the race for a COVID-19 vaccine. If it loses, the early-stage company’s value could crash.

JPMorgan Chase & Co is eliminating terms like "blacklist," "master" and "slave" from its internal technology materials and code as it seeks to address racism within the company, said two sources with knowledge of the move.

A Black Facebook Inc worker on Thursday filed a complaint claiming the social media giant's stated commitment to diversity and civil rights, including its support for the Black Lives Matter movement, masks widespread discrimination against Black workers.

SINGAPORE merchants that use Wirecard to process payments are quickly switching to the beleaguered fintech's competitors, spooked by the downfall of the Wirecard parent that has collapsed into insolvency.

THE fraud probes into scandal-hit Wirecard are more likely to put question marks on the strength of the traditional field of auditing, than outrightly tarring the reputation of fintechs, said observers.

FINTECH Revolut has amped up efforts in boosting compliance standards, which it sees as necessary for regional expansion.

UOB has joined its Singapore banking peers in deepening cuts to interest rates tied to flagship savings accounts, reflecting the prolonged low-interest rate environment.

The U.S. Federal Reserve's massive stash of bonds and other assets slipped for a third straight week to its smallest size since mid-May, data released by the central bank on Thursday showed.

XIAMEN, China: Luckin Coffee Inc said on Thursday (Jul 2) co-founder Charles Zhengyao Lu will stay on as chairman of the embattled coffee chain after a proposal to oust him, stemming from an internal fraud investigation, failed to get board approval. The move to oust Lu was proposed by...