Bloomberg DBS Group Holdings Ltd., Southeast Asia’s biggest bank, unveiled a service that will allow wealthy clients to interact with their relationship managers on WeChat and WhatsApp. The Singapore-based lender will begin registering interested clients for the service known as Wealth Chat, DBS said. It will initially provide content such as investment reports and research insights, with services like trade ...

Bloomberg Time may heal all wounds. But the decade since the collapse of Lehman Brothers Holdings Inc. hasn’t been long enough to restore investors’ faith in banks. While this week marks the 10-year anniversary of the Lehman bankruptcy, an event seen widely as a catalyst for the global financial crisis, data on stock prices and fund positioning suggests the aversion ...

Bloomberg Renesas Electronics Corp., the second-biggest supplier of semiconductors used in cars, plans to acquire Integrated Device Technology (IDT) Inc. for about $6.7 billion to expand beyond the automotive sector into data centres and communications devices. The Japanese company will pay $49 a share, it said in a statement, about a 16 percent premium to the US company’s Monday close ...

Bloomberg Volvo Car Group will temporarily idle its brand new car factory in South Carolina after Hurricane Florence spurred orders to evacuate areas in the path of the Category 4 storm. “We have decided to shut down our plant tomorrow in light of the evacuation order that’s now in place for Charleston, Dorchester and Berkeley counties,” Stephanie Mangini, a Volvo ...

Bloomberg UK wage growth accelerated over the summer amid the lowest jobless rate in more than four decades. Earnings excluding bonuses rose an annual 2.9 percent in the three months through July, more than the 2.8 percent economists forecast. In July alone, basic wages rose 3.1 percent, the most since 2015, and vacancies are at record levels, the Office for ...

Bloomberg American carmakers are losing ground in a shrinking Chinese market, and their problems are mostly tied to a lack of competitiveness rather than the trade war, an industry body said. The market share of US brands fell to 10.7 percent in the first eight months of 2018 from 12.2 percent a year earlier, according to the China Association of ...

Bloomberg Europe’s space champions are urging buyers at home to favor their technology over that of foreign rivals, as competition intensifies from the likes of Elon Musk’s Space X. As executives from the space industry meet in Paris this week for the World Satellite Business conference, French satellite operator Arianespace is calling on Europe to translate its space sovereignty ambitions ...

Anyone who expects China to concede defeat in its trade war with the US should read about Biobase Group. The Chinese manufacturer of laboratory equipment once struggled to win orders even at home in an industry dominated by foreign products. But the company’s prospects have brightened as the trade war prompts customers to turn to domestic alternatives. “The local market ...

Americans like to celebrate the wealthy. The Chinese, Crazy Rich Asians aside, tend to be a lot less indulgent. That goes some way to explaining Jack Ma’s plans to retire as Alibaba Group Holding Ltd.’s co-founder and the almost daily unwinding of China’s once high-flying (debt-fueled) private conglomerates, including HNA Group Co. and Dalian Wanda Group Co. Ma said Monday ...

America’s female workers deserve more appreciation: They’re playing a crucial role in helping the US economy grow without stoking unwanted inflation. By many measures, the US is at or near full employment, the point at which demand for workers should push up wages and prices. The unemployment rate is at an extremely low 3.9 percent, and the number of available ...