Bloomberg Singapore’s currency looks set to remain under pressure as global headwinds outweigh the benefits of an easing in the nationwide lockdown. The US dollar-Singapore dollar pair has failed to break below technical support at its one-month low, suggesting its next move could well be higher. Data this week is expected to show the nation’s economy contracted 1.8% y/y in ...

Bloomberg Investec Chief Executive Officer Fani Titi saw a sign of things to come when he dropped by the bank’s headquarters last week. The usually buzzing escalators that criss-cross the four-story building in Sandton, South Africa’s business capital, were eerily silent. He was one of only 440 employees in an office block normally occupied by 10 times that number. Two ...

Bloomberg Deutsche Bank AG asked its top managers to join executive committee in foregoing a month’s pay after the lender resumed a sweeping job cuts program to reduce expenses. “As our restructuring plans progress, the management board and the group management committee have decided to lead by example and give a broader group of senior managers the opportunity to be ...