Markets

Thyssenkrupp is nearing a full sale of its elevator division, three people familiar with the matter said, adding this would result in maximum proceeds that are needed as net debt has soared in the last quarter.

Indonesia's central bank cut a key interest rate and shaved its economic growth forecast Thursday as the deadly new coronavirus batters the country's tourism and aviation sectors.

Swiss bank Julius Baer has been reprimanded by the country's watchdog for ignoring money laundering risks in handling millions of francs of suspect payments linked to corruption in Venezuela and world soccer body FIFA.

Alphabet Inc-owned Google's US$2.1 billion bid for fitness trackers company Fitbit could pose privacy risks, the European Data Protection Board (EDPB) warned on Thursday, adding its voice to other critics of the deal.

Ralph Hamers made his mark as a tech-savvy chief executive who led Dutch bank ING back to profitability after cementing its position as a no-frills lender in Germany and simplifying its product portfolio.

SINGAPORE: Retail, food & beverage (F&B) and service outlets at Changi Airport will receive a 50 per cent rental rebate for six months effective from Feb 1, the airport said on Thursday (Feb 20). It comes after Deputy Prime Minister and Finance Minister Heng Swee Keat's Budget speech on Tuesday ......

Wix.com, which helps small businesses build and operate websites, reported a smaller-than-expected decline in fourth-quarter net profit and forecast a revenue rise of about 25per cent this year to nearly US$1 billion as it expands into the professional web creator market.

Apple iPhone maker Foxconn said on Thursday it is cautiously restarting production at its main plants in China and warned revenue will be hurt this year by the coronavirus epidemic.

Volkswagen finance chief Frank Witter will leave the German car group in the summer of 2021, business publication Manager Magazin reported on Thursday.

Britain's BAE Systems forecast another year of growth in 2020, saying the company was well-placed to take advantage of increased defence spending that could help to offset any future impact from a German ban on arms exports to Saudi Arabia.