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Boeing says engine issues the key factor to be resolved on 777X

Boeing said on Monday engine issues were the key factor to be resolved in the development of its new 777X aircraft, but that the plane was performing well as it moves towards a flight test later this year.

Markets

Palestinian contractors poised for riches from Israeli tech firm’s takeover

RAWABI, West Bank/TEL AVIV: Palestinian engineers working for Israeli chip designer Mellanox Technologies are poised to share a US$3.5 million payout when the company's takeover by U.S. chip supplier Nvidia Corp is completed. Mellanox is one of a handful of Israeli firms that have begun to ...

Markets

Huawei CEO expects sales at US$100 billion in 2019, 2020

China's Huawei Technologies Co Ltd expects sales this year and next year at around US$100 billion, its chief executive Ren Zhengfei said on Monday.

Markets

MAS issues prohibition orders against ex-UBS banker over forged documents

THE Monetary Authority of Singapore (MAS) has issued prohibition orders against a former UBS banker over forged documents and fake emails.

Markets

China Railway Construction says won’t work with UBS on dollar-bond sale

China Railway Construction Corp (CRCC) has decided not to cooperate with UBS for a planned dollar-bond sale, a spokesman at the Chinese infrastructure giant told Reuters on Monday.

Markets

Singapore residents can now use Nets cards for payments at Paradigm Mall Johor Bahru

SINGAPORE residents travelling to shop at Paradigm Mall Johor Bahru (PMJB) in Malaysia can now go cashless, and pay for their purchases using their Nets (Network For Electronic Transfers Singapore) ATM cards issued by the three Singapore banks.

Markets

Fed likely to resist pressure to cut US rates this week

The U.S. Federal Reserve, facing fresh demands by President Donald Trump to cut interest rates, is expected to leave borrowing costs unchanged at a policy meeting this week but possibly lay the groundwork for a rate cut later this year.

Markets

Singapore’s 3 big banks can defend market share against fintech threats: Moody’s

THE three largest banks by assets in Singapore will be able to defend their market share against fintech competitors, despite the rapidly growing threats to their bank business from these companies, Moody’s Investors Service said in a report on Monday.

Markets

UOB Asset Management launches innovation-focused equity fund for retail investors

A NEW equity fund by UOB Asset Management (UOBAM), a wholly owned subsidiary of United Overseas Bank, allows retail investors to invest in innovative firms of varying market capitalisations in both developed and emerging markets.

Markets

Japan Display, in need of funds, says Taiwan’s TPK decided not to invest

Japan Display Inc on Monday said it has received notice from TPK Holding Co Ltd that the Taiwanese screen maker has decided not to invest a proposed US$230 million, muddying the outlook for the Apple Inc supplier.

Markets

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