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Business 04 Jun 2019 | 12:00 AM

Australia readies for landmark interest rate cut

Sydney: Australia’s central bank is expected to slash interest rates to historic lows today, the first cut in three years amid global trade concerns and an underperforming domestic economy.

Business 10 Apr 2019 | 12:00 AM

Singapore REIT mergers may accelerate after landmark OUE deal

SINGAPORE: Talk of consolidation among Singapore real estate investment trusts ramped up after the regulator strengthened rules governing the market in 2015. Four years on, it’s finally happening.

Economy 02 Dec 2018 | 10:59 PM

G20 sealed landmark deal on world trade reform by ducking 'taboo words'

BUENOS AIRES: Many delegates from the world's 20 largest economies arrived at a summit in Argentina this week determined to clinch an agreement to reform the global trade system, pushed to a breaking point by tensions between the United States and China

Business 02 Jul 2018 | 12:00 AM

Thyssenkrupp, Tata Steel seal landmark JV deal

FRANKFURT: Germany’s Thyssenkrupp and India’s Tata Steel have signed a final agreement to establish a long-expected steel joint venture, the European steel industry’s biggest shake-up in more than a decade.

Investment 10 Jan 2018 | 12:00 AM

China’s landmark sovereign US dollar bond leaves bitter taste

HONG KONG: China’s first sovereign US dollar bond in more than a decade has done poorly for investors who scrambled to get a piece of the rare offering amid overwhelming demand.

Business 09 May 2017 | 8:45 PM

Nasdaq ends at record as Apple hits US$800bil landmark

NEW YORK: The Nasdaq rose to a fresh record Tuesday, with Apple surpassing US$800bil in market value, but US equities finished mostly lower on revived worries about North Korea.

Business 01 Mar 2017 | 1:16 PM

Indonesia, Saudi sign deals as king starts landmark visit

BOGOR: Indonesia and Saudi Arabia Wednesday signed agreements in areas ranging from trade to aviation as the kingdom’s monarch visited the world’s most populous Muslim-majority country for the first time in almost half a century.

Business 12 Dec 2013 | 5:17 PM

Landmark HK court order forces insider trader to compensate investors

SINGAPORE: A former Morgan Stanley banker convicted of insider trading will have to pay more than 290 investors a total of HK$23.9 million ($3.08 million) they lost out on, a Hong Kong court ordered on Thursday, in an unprecedented legal ruling.

Business 15 Jul 2010 | 12:00 AM

Landmark US banking bill faces final vote this week

WASHINGTON: President Barack Obama on Tuesday secured the 60 votes he needs in the Senate to pass a sweeping overhaul of US financial regulations, all but ensuring that he soon will sign into law one of the top initiatives of his presidency.