HONG KONG (Reuters) - DBS Group Chief Executive Piyush Gupta said on Wednesday it is in the process of increasing ownership in its China securities joint venture to 91% from 51%. The comments came a day after China introduced aggressive measures to prop up its ailing economy and capital markets. The largest bank by assets in Singapore confirmed that it...

03:51 AM EDT, 09/25/2024 (MT Newswires) -- Semtech ( SMTC ) said Wednesday that it has launched a collaboration with Traxmate to provide indoor and outdoor asset tracking. Financial terms of the deal were not disclosed. The companies said they intend to combine Traxmate's location and tracking services with Semtech's ( SMTC ) low-power, location-aware technology. Price: 47.74, Change: +0.14,...

TOKYO (Reuters) -Japan's securities watchdog is expected to recommend imposing tens of millions of yen in penalties on Nomura Holding's brokerage unit for alleged manipulation in the government bond futures market, the Yomiuri reported. The Securities and Exchange Surveillance Commission will make the recommendation to the banking regulator, the Financial Services Agency (FSA), which hands out such punishments in Japan,...

NEW YORK (Reuters) - Marathon Petroleum ( MPC ) and the Teamsters union, which represents refinery workers in Detroit, Michigan, are at a standstill as negotiations for a new labor agreement stagnate and the strike at the plant enters its third week. More than 200 Teamsters at Marathon's Detroit refinery called for an economic strike on Sept. 4 after nine...