Markets

Vodafone , the world's second-biggest mobile operator, has recruited Jean-Francois Van Boxmeer, the current CEO of brewer Heineken , to succeed Gerard Kleisterlee as chairman from November this year.

HOTEL Properties Limited (HPL) has closed the order book for S$170 million of five-year notes, recording S$200 million from over 30 accounts, joint lead manager and bookrunner DBS said on Friday.

Global equity markets have shuffled up about 1per cent this month despite the world starting to re-open after the coronavirus-driven lockdowns and U.S. and European economic data showing glimmers of a recovery.

Mexico's state-owned oil company Petroleos Mexicanos has seen investor sentiment improve in recent weeks despite sky-high debts, a slump in demand and no clear direction about how the government will turn the money-losing driller around.

MANILA: A Philippine lawmaker has introduced a bill in parliament aimed at taxing big tech firms such as Facebook, Alphabet's Google and Youtube, Netflix and Spotify, to raise funds to battle the coronavirus. The bill looks to raise 29 billion pesos (US$571 million) by imposing a value added tax...

SINGAPORE'S life insurance industry saw new business, in terms of total weighted premiums, grow 10 per cent to S$965.8 million for the first quarter from January to March 2020, from S$877.8 million a year ago. 

New Zealand is considering distributing free cash directly to individuals as a way of policy stimulus to help boost the economy reeling from a COVID-19 pandemic driven contraction, Finance Minister Grant Robertson said on Friday.

Australian retail giant Wesfarmers Ltd said it will close or rebrand nearly two-thirds of its Target department stores and take one-off charges totalling up to AUS$650 million (US$426 million) as it reels from the coronavirus fallout.

When a man in Seoul tested positive for the new coronavirus in May, South Korean authorities were able to confirm his wide-ranging movements in and outside the city in minutes, including five bars and clubs he visited on a recent night out.

TOKYO: Japan's central bank on Friday (May 22) offered hundreds of billions of dollars in additional lending to help small firms in the world's third-largest economy struggling with the economic devastation wrought by coronavirus. The Bank of Japan expanded its loan programme by 30 trillion yen ...