[NEW YORK] Franklin Resources agreed to acquire asset manager Legg Mason for almost US$4.5 billion in a deal that would create an active-management investing giant.
[LONDON] The Australian dollar could find long term relief from cyclical downturns if the country's government decides to take climate change seriously, according to ABN Amro Bank NV.
[HONG KONG] HSBC said on Tuesday its 2019 pre-tax profits fell by a third on year to US$13.3 billion as interim chief Noel Quinn warned that the global banking giant was "not delivering acceptable...
[SYDNEY] The Australian and New Zealand dollars were jolted lower on Tuesday as a production warning from Apple highlighted the mounting economic costs of the coronavirus and spooked investors...
ANOTHER staff of DBS has tested positive for the novel coronavirus (Covid-19), the bank said in response to The Business Times’ (BT) queries on Tuesday.
[HONG KONG] The first of Hong Kong's new generation of virtual banks has no plans to start a broader price war even as customers flocked to its introductory deposit rate of almost 7 per cent.
[BANGKOK] Thailand's biggest manager of distressed assets has become the world's top performer among peers this year partly because the novel coronavirus outbreak is wreaking havoc on the nation's...
[BEIJING] China's central bank provided medium-term funding to commercial lenders and cut the interest rate it charges for the money, a move widely anticipated by analysts to cushion the economy...
STANDARD Chartered Bank (StanChart) has opened its flagship centre for international banking and priority private clients at Ngee Ann City in Singapore.
[LONDON] Fast-growing British digital bank Monzo plans to hire up to 500 people and forecasts it will get 5.5 million users this year, as it prepares to have another crack at charging some...
FINANCIAL institutions in Singapore are beefing up efforts to support customers in the area of free insurance coverage amid the Covid-19 situation. This includes diagnosis benefits,...
