Oil extends gains after Opec+ takes flexible stance on supply
SINGAPORE (BLOOMBERG) – Oil rose in Asian trading after the Opec+ alliance decided to keep restoring supply, but also said it could revisit the decision at any moment due to […]
Kaisa bondholders reject Chinese developer’s debt swap proposal
HONG KONG (BLOOMBERG) – Kaisa Group Holdings failed to win approval from bondholders for a debt swap designed to avert default. The firm had sought to exchange its US$400 million […]
S’pore had new billionaire for a few hours before Grab shares slid in US debut
SINGAPORE (BLOOMBERG) – “The stock will go up and it will go down,” said Mr Anthony Tan, co-founder of Grab Holdings, moments after Nasdaq’s bell-ringing ceremony in Singapore on Thursday […]
US stocks end solidly higher after two down days
NEW YORK (AFP) – Wall Street stocks rose on Thursday (Dec 2), shrugging off two straight negative sessions as markets grappled with worries over the latest coronavirus variant and the […]
US adopts rule that could see Chinese firms leave Wall Street
WASHINGTON (AFP) – United States market regulators on Thursday (Dec 2) announced the adoption of a rule allowing them to delist foreign companies from Wall Street exchanges if they fail […]
US companies battling rising prices and labour shortages: Fed survey
WASHINGTON (REUTERS) – The US economy expanded at a modest-to-moderate pace in October and the first half of November while firms grappled with rising inflation and a scramble to fill […]
Jack Dorsey’s Square changes name to Block in nod to blockchain
SAN FRANCISCO (BLOOMBERG, REUTERS) – Square is changing its corporate name to Block as it looks to expand beyond its payment business and into new technologies like blockchain. The company, […]
China denies report it is looking to close foreign IPO loophole
BEIJING (AFP, BLOOMBERG) – Beijing on Wednesday (Dec 1) denied a report that it was looking to plug a loophole used by Chinese tech companies to go public on foreign […]
Wall St turns red as Omicron reaches the US
NEW YORK (REUTERS) – Wall Street’s major averages fell more than 1 per cent on Wednesday (Dec 1) after a morning rally faded as investor angst about the latest coronavirus […]
US Fed chief ditches ‘transitory’ tag, paves way for rate hike
WASHINGTON (BLOOMBERG) – Team Transitory is throwing in the towel. In a clear sign that the US Federal Reserve is shifting to tighter monetary policy, Jerome Powell – who’s spent […]
Jack Dorsey chases crypto, fintech dream post Twitter
NEW YORK (REUTERS) – At a packed Miami conference in June, Mr Jack Dorsey mused in front of thousands of attendees about where his real passion lay: “If I weren’t at […]
Stock markets to be volatile until clarity on Omicron emerges; gold to benefit
SINGAPORE – Markets are expected to be volatile as experts gauge the impact of the Omicron virus variant in terms of transmissibility, severity and vaccine efficacy in the coming weeks. […]
Broken supply chains threaten ruin at growing number of small US firms
NEW YORK (BLOOMBERG) – A growing cohort of smaller companies that survived the cold depths of the Covid-19 pandemic say now they’re in danger because the economy is too hot. […]
Oil slumps on Omicron fears; posts biggest monthly fall in 20 months
NEW YORK] (REUTERS) – Oil prices tumbled on Tuesday (Nov 30) after Moderna’s chief cast doubt on the efficacy of Covid-19 vaccines against the Omicron coronavirus variant, spooking financial markets […]
Who is Parag Agrawal, Twitter’s new CEO?
SAN FRANCISCO (AFP) – Parag Agrawal, who took over on Monday (Nov 29) as the new head of Twitter, shot from relative obscurity as the platform’s technology expert to becoming […]
Omicron poses risks to global economic growth, inflation: Rating agencies
LONDON (REUTERS, BLOOMBERG) – The Omicron Covid-19 variant could hurt global growth prospects while also pushing prices higher, rating agencies Fitch Ratings and Moody’s Investors Service said, after the World […]
Omicron adds economic risks, inflation uncertainty: US Fed chief
WASHINGTON (BLOOMBERG) – Federal Reserve chair Jerome Powell, in his first public remarks on the Omicron variant of the coronavirus, said it poses risks to both sides of the United […]
Wall Street rebounds after virus-related sell-off
NEW YORK (REUTERS) – Wall Street stocks closed higher on Monday (Nov 29), regaining some of the ground they lost in Friday’s sell-off, as investors were hopeful that the Omicron […]
This is how you can make the world a better place as you invest
Our roles, not just as individuals but also as members of the global community, have been thrown into sharp relief during the Covid-19 crisis. More are becoming aware of the […]