Finance

Last year’s record annual profit for  Singapore Airlines meant that its Chief Executive Officer Goh Choon Phong received a salary of S$8.11 million. Since he earned S$6.73 million the previous year, his pay increased by around 20.5 per cent, thanks to a post-pandemic travel […]

The Bank of Uganda will directly purchase gold from artisanal miners in an effort to support local miners further and reduce the importation of raw gold. The Bank of Uganda said in a report posted on its website that by […]

 The German bank regulator BaFin said on Friday that it had threatened to fine Berlin-based Solaris if it doesn’t meet deadlines to improve anti-money laundering controls and other shortfalls. BaFin also said that it was extending the mandate of a […]

HSBC, Hong Kong’s biggest lender, has been hit with a record fine of HK$24 million (US$3 million) by the pensions regulator for offering incentives to “unauthorised intermediaries” to get corporate clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and […]

Hong Kong stocks advanced for a third straight day as heavyweight Alibaba Group sparked a tech rally, while mainland investors lent support piling into high dividend stocks. Gains were tempered by data that showed slowing momentum in service activity. The Hang Seng Index closed […]

U.S. inflation eased substantially in June, extending a recent slowdown in price increases that opens a path for the Federal Reserve to cut rates by the end of the summer. The consumer-price index, a measure of goods and services costs across […]

 The “last mile” of the US Federal Reserve’s battle against inflation may have shortened to a last lap after consumer prices fell in June, a long-awaited slowing of shelter cost increases took shape, and markets began pushing down yields on […]

European fund giant DWS (DWSG.DE), opens new tab has created a new company as part of its plans to launch the first German-regulated cryptocurrency next year, the firm’s CEO told Reuters, as major financial companies jostle to launch new digital tokens. Deutsche […]

On Thursday, it was confirmed that the Saudi desalination project would be the first significant foreign agreement to be canceled since President Bassirou Diomaye Faye’s inauguration in March. The new Senegalese president had promised to examine and perhaps revoke agreements […]

LONDON, July 10 (Reuters) – AXA IM Alts, the alternative investment arm of French insurer AXA (AXAF.PA), opens new tab, has raised $2.5 billion to pursue deals in the fast-growing market for bank risk transfers, as more lenders look to cash […]