Stress at India lenders may be worse than thought, Moody’s says

MUMBAI (BLOOMBERG) - Moody's Investors Service said stress among Indian lenders may be "deeper and broader" than it thought, adding more risks to the...

China’s central bank to buy bank loans to spur lending to small firms by...

BEIJING (REUTERS) - China's central bank will start buying bank loans made by local lenders to small firms this week to try to prod...

SGX to launch 10 Singapore single stock futures on June 15

SINGAPORE (THE BUSINESS TIMES) - The Singapore Exchange (SGX) will launch 10 Singapore Single Stock Futures (SSFs) on June 15 in response to growing...

SIA directors opt not to subscribe for rights MCBs

SINGAPORE (THE BUSINESS TIMES) - Most directors of Singapore Airlines (SIA) have chosen to let their rights mandatory convertible bonds (MCBs) lapse without exercising...

Singapore stock watch: SGX, SIA, IHH, Sapphire, Boustead Projects, USP

SINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Tuesday (June 2): Singapore Exchange (SGX):...

Wall Street closes higher as recovery signs soothe protest, coronavirus pandemic worries

NEW YORK (REUTERS) - US stocks posted gains on Monday (June 1) as signs of US economic recovery helped offset jitters over increasingly violent...

Marriott opens all hotels in China, sees steady US recovery

BETHESDA, MARYLAND (REUTERS) - Marriott International has reopened all its hotels in China and is seeing a steady recovery in the United States, its...

US stocks edge up as market digests protests, reopenings

NEW YORK (AFP) - Wall Street stocks edged higher early Monday (June 1) as markets digested a weekend of civil rights protests across the...

Worst may be over for euro zone factories as PMI inches up

LONDON (REUTERS) - Euro zone manufacturers appear to have passed their nadir, a survey showed on Monday (June 1), but activity is still contracting...

Local banks cut interest rates on savings accounts amid Covid-19 outbreak

SINGAPORE - Local banks have cut their interest rates on savings accounts amid the coronavirus outbreak this year, with OCBC Bank being the first...

Google rejects call for huge Australian media payout

SYDNEY (AFP) - Google has rejected demands it pay hundreds of millions of dollars per year in compensation to Australian news media under a...

First Reit says Lippo Karawaci has not approached it about lease restructuring

SINGAPORE (THE BUSINESS TIMES) - Indonesian real estate giant Lippo Karawaci (LPKR) plans to start discussions with First Real Estate Investment Trust (First Reit)...

Worst may be over for eurozone factories, recovery to be slow: PMI

LONDON (REUTERS) - Euro zone manufacturers appear to have passed their nadir, a survey showed on Monday (June 1), but activity is still contracting...

Hong Kong Exchange plans suite of new exchange-traded products

HONG KONG (BLOOMBERG) - Hong Kong's stock exchange is looking at introducing a suite of new exchange-traded products (ETPs) after rolling out an initiative...

Singapore stock watch: First Reit, Keppel, mm2 Asia, Ascott Residence Trust, ThaiBev

SINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Monday (June 1): First Real Estate...

Singapore’s Infrastructure Asia, World Bank Group and SMU launch infrastructure capability programme for regional...

SINGAPORE - Amid gloomy economic forecasts triggered by the Covid-19 pandemic, infrastructure remains a bright spot that can increase business activity and employment, said...

China factory activity resumes growth in May but demand stays weak: Caixin PMI

BEIJING (REUTERS) - China's factory activity unexpectedly returned to growth in May as strict measures to contain the coronavirus outbreak were eased, but the...

Asia’s factory pain worsens as China’s recovery fails to lift demand

TOKYO (REUTERS) - Asia’s factory pain deepened in May as the slump in global trade caused by the coronavirus pandemic worsened, with export powerhouses...

Samsung to add new memory chip line in South Korea as Covid-19 remote working...

SEOUL (REUTERS) - Samsung Electronics said on Monday (June 1) it has begun construction of a new domestic production line for NAND flash memory...

Australia home prices fall as Covid-19 shutdowns hit property market

SYDNEY (BLOOMBERG) - Australian home prices fell in May for the first time in almost a year as the impact of the coronavirus shutdown...

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