Markets

JAKARTA: Indonesia's financial watchdog on Wednesday urged customers not to withdraw excess cash from banks while it and the police investigate "irresponsible" social media posts about mid-sized Bank Bukopin. The Financial Services Authority (OJK) said viral social media videos urging customers to ...

Munich prosecutors and police searched Wirecard's headquarters and four further properties as part of a fraud probe following the arrest of the payments firm's former chief executive, Markus Braun, prosecutors said on Wednesday.

The downturn in central European manufacturing eased markedly in June as economies reopened after the coronavirus lockdown, surveys showed on Wednesday, but the sector was still some way from returning to growth.

Volvo Cars said on Wednesday it was recalling nearly 2.2 million cars built between 2006 and 2019 to address a potential issue with cables attached to their front seat belts in the automaker's biggest ever recall.

Renault expects a pick-up in the French car market in June, after the country's coronavirus lockdown was lifted, to carry on into the third quarter, the brand's sales chief for France Ivan Segal said on Wednesday.

HSBC on Wednesday said it has made two Singapore-based senior appointments to strengthen its South-east Asia equities capabilities.

TEL AVIV: Israeli defence firm Elbit Systems said on Wednesday it won a contract worth about US$53 million to provide and integrate intelligence suites onboard vessels of the navy of a country in southeast Asia. The contract will be carried out over two years. It did not name the...

SINGAPORE's largest lender DBS will again this year cut rates on its flagship deposit account from Aug 1 amid a low interest rate environment and macro uncertainties. 

European shares started the new quarter on a somber tone on Wednesday, as surging U.S. coronavirus cases kept optimism in check ahead of a slew of economic data.

Ryanair is planning around 3,500 job losses if it cannot agree pay cuts with its staff, the airline's boss Michael O'Leary said on Wednesday.