Affected customers band together against CIMB mortgage hike

SINGAPORE - A group of 25 CIMB Bank customers has come together to fight the bank's decision to raise mortgage rates for some of...

Australia’s stalled migrant boom derails golden economic run

SYDNEY (REUTERS) - Australia's three decades of uninterrupted prosperity are coming to an abrupt end as the global coronavirus pandemic crashes one of its...

OCBC to cut salary credit bonus interest on 360 account from July 1

SINGAPORE (THE BUSINESS TIMES) - Amid a weakened interest rate environment and a challenging macro climate, OCBC Bank will reduce the salary credit bonus...

US stock market rebound put to test again with street unrest raging

NEW YORK (BLOOMBERG) - An equity market bounce that has weathered a pandemic, shut-down economies and tens of millions of lost jobs now must...

Netease aims to raise up to $4.2b in Hong Kong listing

HONG KONG (REUTERS) - Chinese tech group Netease Inc aims to raise between US$2 billion and US$3 billion (S$2.8 billion-S$4.2 billion) in one of...

Asia markets cautious as US riots, tensions with China weigh on investors

SYDNEY (REUTERS) - Asian share markets started on a cautious note and gold gained on Monday (June 1) as images of riots in burning...

Japan factory activity sinks in May as pandemic lockdowns hit demand

TOKYO (REUTERS) - Japan's factory activity shrank at the fastest pace since March 2009 in May, a private sector survey showed on Monday (June...

UK government preparing stimulus package for July: FT

LONDON (BLOOMBERG) - The UK government is preparing to unveil an economic stimulus package in July as it steps up attempts to lessen the...

South Korea exports fall for 3rd month but at slower pace

SEOUL (REUTERS) - South Korean exports tumbled in May for the third straight month, though at a slower pace, as extended global lockdown measures...

2 in 3 working Singaporeans do not have savings to last them beyond 6...

SINGAPORE - Many Singaporeans do not have enough savings to allow them to maintain their current lifestyle beyond six months if they were to...

Emirates airline lays off trainee pilots, cabin crew as coronavirus impact hits

DUBAI (REUTERS) - Emirates airline said on Sunday (May 31) it had made some staff redundant due to the impact of the coronavirus pandemic,...

US-China tensions over Hong Kong a risk to global economy, says Japanese minister

TOKYO (BLOOMBERG) - Japanese Economy Minister Yasutoshi Nishimura said friction between the US and China over Hong Kong poses a risk to the global...

Hyflux says Utico rescue deal has ‘ceased’; studying new offer and other options, including...

SINGAPORE (THE BUSINESS TIMES) - Beleaguered water-treatment firm Hyflux said its $400 million rescue deal with potential investor Utico has "ceased" with the lapsing...

Zoom plans to roll out strong encryption for paying customers

SAN FRANCISCO (REUTERS) - Video conferencing provider Zoom plans to strengthen encryption of video calls hosted by paying clients and institutions such as schools,...

Chinese factories humming doesn’t mean everyone is buying

SHANGHAI (BLOOMBERG, AFP) - China's factories are starting to hum again, but executives are now worried that the rebound could falter on weak demand...

China factory activity slows as global slump drags on growth

BEIJING (AFP) - Factory activity in China expanded at a slower pace in May as the country attempts to get back on track after...

Fed chief Jerome Powell fears second coronavirus wave, reiterates crisis-fighting pledge

WASHINGTON (REUTERS) - Federal Reserve chairman Jerome Powell on Friday (May 29) said a potential surge in US coronavirus infections could derail the recovery...

US stocks end mostly up despite bad data, China tensions

NEW YORK (AFP) - Wall Street stocks finished a volatile session mostly higher on Friday (May 29) after newly announced US policies to punish...

askST: What you need to know about payouts under the Jobs Support Scheme

SINGAPORE - The latest enhancement to the Jobs Support Scheme will see wage subsidies for all local employees extended to 10 months, up from...

Renault to cut 15,000 jobs in ‘vital’ cost-cutting plan

PARIS (AFP) – Carmaker Renault said on Friday (May 29) that it would cut nearly 15,000 jobs, including 4,600 at its core French operations,...

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