Singapore Telecommunications has appointed Stephen Rue to lead its Australian telecom operations as part of efforts to rebuild the unit’s reputation, which suffered because of a network outage that affected millions of its customers.
A private gauge of China’s services sector showed activity grew at a slightly slower pace in April, as the Chinese economy struggles to shake off the impact from a prolonged property downturn.
Oil prices were steady in early Asian trade. Crude oil has come under some pressure as the risk of supply disruptions eases, ANZ Research analysts said.
