Southeast Asia’s largest lender happens to be its most tech-savvy. Why then is Singapore’s DBS Group Holdings Ltd. missing out on some of the region’s hottest deals in digital banking? In recent years, technology has played a large role in the bank’s profitable pivot away from trade financing to corporate cash management. One of its application programming interfaces that hooks ...

Bloomberg US index futures jumped along with stocks in Europe as China revived hopes of progress in trade talks with America this week despite a host of potential headwinds. Gold slipped with Treasuries. Contracts on the S&P 500, Dow Jones and Nasdaq 100 indexes extended gains after a report that China is still open to a partial trade deal with ...

Bloomberg First, a deep cleanup of its banking sector battered Ghana stocks. Now, investors already appear to have a wary eye on elections due next year, curbing the prospects of any revival. The Ghana Stock Exchange Composite Index, the world’s third-worst performing equities benchmark in 2019 in dollar terms, has suffered as a government-led reorganisation of banks that ended this ...

Bloomberg Boeing Co agreed to invest $20 million for a minority stake in Virgin Galactic, a startup that is preparing to fly its customers into space next year. The relationship is designed as a collaboration aimed at shaping the future of human space travel, the companies said in a statement. Virgin Galactic also is setting longer-term sights on shuttling airline ...

Bloomberg Indonesia’s largest private airline is among the more than two dozen local companies planning to sell shares for the first time as investors overlook a selloff in the broader market to lap up stocks from initial public offers. PT Lion Mentari Airlines, miners PT Ginting Jaya Energi, PT Dana Brata Luhur and PT Ifishdeco and developer PT Alamanda Investama ...

Bloomberg Levi Strauss & Co posted third-quarter profit and sales that topped analysts’ estimates, while revenue in its home market fell, as the company navigates an increasingly crowded denim market. Earnings excluding some items amounted to 31 cents a share in August, compared with the 28-cent average of projections. Denim is experiencing a resurgence and the market is getting more ...

Bloomberg Hong Kong demonstrations continue to disrupt business as usual for some American companies and shoemaker Vans is the latest to get tangled up in the protests. During its annual shoe-design competition that is currently underway, Vans reportedly removed a submission from its website that depicted both a flower symbol of Hong Kong and protesters wearing gas masks, goggles and ...

Bloomberg In the quest to command higher fares and traveler loyalty, airlines are constantly scrambling to market their onboard services as better than Brand X. These days, one highly visible battleground is directly in front of you: the seatback screen. While such displays are firmly entrenched aboard long-haul fleets, helping pass the hours during ocean crossings, there’s a deep difference ...

Sharjah / WAM The Emirates Red Crescent (ERC), launched a new humanitarian initiative titled, ‘Orphans Kafalah Programme’, to support 10,000 orphans in 25 countries, under the slogan, ‘Be Their Families’. The programme was launched on social media and SMS in cooperation with Etisalat, and is being promoted in malls for three days around the country, including in Yas Mall, Abu ...

Abu Dhabi / WAM The International Air Transport Association (IATA), presented its latest study on the importance of air transport to the UAE showing that ongoing prioritisation of aviation as a key strategic asset could generate an additional 620,000 jobs and an extra $80 billion in GDP for the nation’s economy by 2037. According to the IATA study, air transport’s ...