OSLO: Nokia Chief Executive Rajeev Suri will step down in September and is to be replaced by Pekka Lundmark, until now the CEO of energy group Fortum, the telecoms equipment maker said on Monday. Suri steps down after more than a decade in charge of Nokia and Nokia Siemens...
Samsung Electronics has started building a US$220 million research and development centre in Vietnam, the South Korean tech giant's local unit said on Monday.
South Korean budget carrier Jeju Air Co Ltd said on Monday it would acquire a 51per cent stake in competitor Eastar Jet for 54.5 billion won (US$45.49 million), a lower price than previously announced.
FORMER Citibank Singapore's head of retail banking Charles Wong is due to join the Grab-Singtel entity that is bidding for a digital full bank in Singapore, BT understands.
South Korea's Samsung Electronics has started building a US$220 million research and development center in Vietnam, the Vietnamese government said on Monday.
Amazon.com Inc said late on Sunday that two employees in Milan, Italy, have contracted the coronavirus and are under quarantine.
U.S. stock index futures tumbled when trading reopened on Sunday night with investors still unnerved by coronavirus and taking little solace from weekend comments by U.S. officials that aimed to soothe panic about a pandemic.
The implied yield on U.S. 10-Year Treasury futures traded below 1per cent for the first time, as investors grew increasingly unnerved by the spread of coronavirus.
Goldman Sachs economists on Sunday predicted the U.S. Federal Reserve will cut interest rates aggressively perhaps before its next scheduled meeting in two weeks time, saying the head of the U.S. central bank sent a clear signal with his unscheduled statement on Friday.
WASHINGTON: Investors battered by the breathtaking drop in global stock markets on coronavirus fears are ever more convinced the world's big central banks, including the Federal Reserve, will soon step in to try to quell the storm. Against that, the top economist for the US bank lobby - a former...
