SYDNEY (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd <0293.HK> plans to cut 30% of its global capacity over the short-term, including 90% of capacity to mainland China as it grapples with a sharp fall in demand due to the coronavirus epidemic, its CEO said on Tuesday. “We will monitor the situation closely and adjust […]
By Hari Kishan and Rahul Karunakar BENGALURU (Reuters) – The U.S. dollar will hold sway in the near term, driven by demand for safe assets on a worsening global economic outlook, with other major currencies are at best expected to regain lost ground over the coming year, a Reuters poll found. The rout in financial […]
SINGAPORE (THE BUSINESS TIMES) – DBS Private Bank on Thursday (Sept 16) said its client assets under management (AUM) for its in-house managed investment products has more than doubled to $10 billion over the past year. The demand surge reflects “buoyant client confidence” in the bank’s investment views, DBS Private Bank said in a statement […]
