Jan 23, 2021 08:29 AM

Morgan Stanley CEO's annual pay rises by over 20%

[NEW YORK] Morgan Stanley Chief Executive James Gorman's annual pay rose by US$6 million, or 22 per cent, last year...

Jan 22, 2021 01:16 PM

Japan's MUFG Bank to introduce fees on dormant accounts from July

[TOKYO] The banking unit of Japan's Mitsubishi UFJ Financial Group said on Friday it would introduce maintenance...

Jan 22, 2021 01:09 PM

Chinese vaping firm RLX raises US$1.4b in US IPO: sources

[NEW YORK] Chinese vaping firm RLX Technology sold shares in its US initial public offering (IPO) on Thursday at US$...

Jan 22, 2021 12:39 PM

Bitcoin drops below US$30,000 in ominous sign for crypto rally

[HONG KONG] Bitcoin slumped below US$30,000 on Friday, extending a retreat from an all-time high set just two weeks...

Jan 22, 2021 12:32 PM

Aussie slips after bleak Dec retail sales data, NZ dollar weakens

[SYDNEY] The Australian dollar slipped on Friday after disappointing retail sales data for December though it was...

Jan 22, 2021 12:06 PM

Canada fund adds billions to Asia stock bets and plans even more

[TORONTO] Ontario Municipal Employees' Retirement System almost quadrupled its stock holdings in the Asia-Pacific...

Jan 22, 2021 06:45 AM

US dollar slides for third day on economic data, stimulus expectations

[NEW YORK] The US dollar fell for a third straight session on Thursday, with investors seeking out higher-yielding...

Jan 22, 2021 05:50 AM

Bank of Japan leaves interest rates unchanged amid gloomy outlook

THE Bank of Japan left its main policy unchanged after forecasting the economy will regain more lost growth than...

Jan 22, 2021 05:50 AM

IG buys Tastytrade as retail investors embrace derivatives

BRITAIN'S IG Group Holdings Plc agreed to buy online brokerage Tastytrade Inc for US$1 billion, predicting retail...

Jan 22, 2021 05:50 AM

Ant Group 'could be worth below 700b yuan' on crackdown

ANT Group's valuation may be cut further under new measures proposed by China to curb market concentration in its...

Jan 22, 2021 05:50 AM

China's monopoly rules threaten super-app model

THE future of China's financial super-apps has been thrown into question. The central bank is defining unhealthy...