Business News

SINGAPORE – UOB is partnering smart payment fintech platform Fave to launch a new rewards programme, the bank’s first initiative under its new unified digital platform, UOB TMRW.…

SINGAPORE/LONDON – HSBC Holdings reported a 74 per cent rise in third quarter profit, beating market expectations, as the Asia-focused bank released cash set aside for expected…

WASHINGTON – The US Federal Reserve on Thursday (Oct 21) banned individual stock purchases by top officials at the central bank and unveiled a broad set of other restrictions on their…

SINGAPORE – A Singaporean has been appointed as the International Monetary Fund’s (IMF) chief information officer (CIO) and information technology department director. Ms Shirin…

HONG KONG – Alibaba shares surged more than 6 per cent on Wednesday (Oct 20) after billionaire founder Jack Ma was reported to be in Europe, fuelling investor hopes that the worst…

BEIJING – China’s biggest hot pot chain Haidilao is slowing its roll-out of new restaurants and increasing diversification of its fare, tempering its rapid expansion during the…

Bitcoin hit a six-month high and was within striking distance of a record as traders bet that an anticipated listing of a futures-based US exchange.

KUALA LUMPUR – AirAsia X (AAX) is proposing to pay just 0.5 per cent of debt owed to each of its creditors and to terminate all existing contracts so that it can restructure…

NEW YORK – US stocks rose on Friday (Oct 15) and the Dow scored its biggest weekly percentage gain since June, as Goldman Sachs rounded out a week of strong quarterly earnings for the…

NEW YORK – Wall Street stocks shrugged off weeks of lackluster trading and forged higher Thursday (Oct 14) following strong earnings and better-than-expected economic data.Analysts…