Markets

China re-classified petrol-electric hybrid vehicles on Monday so they get more favourable treatment than all-petrol or diesel counterparts under new clean car rules, making it easier for automakers to meet environment quotas and offer more choice.

AMTD Group, Xiaomi  Finance, Singapore Management University (SMU) and the Institute of Systems Science at the National University of Singapore (NUS-ISS) have launched a S$5 million programme catered for senior executives, fintech entrepreneurs and policymakers from Singapore, South-east Asia and the Greater Bay Area.

SYDNEY: The recent appreciation in the Australian dollar is not a problem at this point although a lower exchange rate would help the economy, the country's top central banker said on Monday. The Aussie has surged 24 per cent to the US dollar since hitting a low of US$0.5510...

Wirecard AG said on Monday that there was a likelihood that the missing amount of 1.9 billion euros (US$2.13 billion) from its accounts simply did not exist.

SHANGHAI: China left its benchmark lending rate unchanged for the second straight month at its June fixing on Monday (Jun 22), matching market expectations, after the central bank kept borrowing costs on medium-term loans steady last week. The one-year loan prime rate (LPR) remained at 3.85 per ...

Japan's Toshiba Corp said on Monday it planned to monetise its 40.2per cent stake in former flash memory chips unit Kioxia Holdings, stating its intentions of a potential stake sale for the first time.

U.S. stock futures dropped in early Asian trade on Monday as rising coronavirus cases in the United States raised more doubts about a quick economic rebound from the massive downturn triggered by the pandemic.

The economic fallout from COVID-19 is unprecedented. All the more reason for retrenchments to be managed with an unprecedented level of empathy and compassion, says PeopleSearch’s Jaime Lim.

OCBC Bank says it is aiming to expand its sustainable finance portfolio to S$25 billion by 2025, riding growth momentum that is expected to continue over the next few years despite Covid-19.

FRANKFURT: Lufthansa will seek to avoid a grounding and insolvency, Chief Executive Carsten Spohr said on Sunday (Jun 21), before a showdown between the airline's biggest shareholder and the German government over the terms of a 9-billion-euro bailout. Lufthansa has been hard hit by what is ...