LONDON: Huawei said on Thursday (Jun 25) it will invest $1.2 billion in a chip research and manufacturing centre in Britain that has been strongly opposed by the United States. The privately-held Chinese technology giant said it received planning permission in Cambridge, eastern England, to erect ...
NEW YORK: Wall Street stocks ended solidly higher on Thursday (Jun 25), winning back some of the prior session's losses with banking shares jumping on the easing of regulations imposed after the 2008 crisis. After a choppy session, the Dow Jones Industrial Average stood at 25,745.60, up 1.18 per ...
NEW YORK: Uber Technologies Inc's financial services head Peter Hazlehurst is stepping down as the company focuses on rides and food delivery, and ices plans to become a financial services company, Bloomberg News reported, citing an email to staff. Chief Executive Officer Dara Khosrowshahi said in ...
Despite its apparent simplicity, the accomplishments of carbon taxes over the last decade have been underwhelming, says an observer.
The US has valid complaints with China about market access, intellectual property theft and security, but Trump is focused on phony issues, says William H Overholt.
BUSINESSES which do not manage their environmental risk adequately could find themselves facing higher borrowing costs or limits on their loans down the road, if the proposed guidelines released by the Monetary Authority of Singapore (MAS) on Thursday are implemented.
GREAT Eastern will make a US$70 million investment in Axiata Digital's financial-services business to "participate in Axiata's growing fintech expansion plans in the region", said Great Eastern's group chief executive Khor Hock Seng on Thursday.
MORE contactless payment options are coming through in Singapore, with the Covid-19 outbreak underscoring the need for such forms of digital payments.
AN ANNUAL dinner where top bankers in Singapore gather, and where major banking announcements are made, will be postponed.
CHINA'S banking system is at the forefront of the country's recovery plan which could weaken the banks, already hampered by years of inefficient lending and slower economic growth.
