Netflix details video game push as it forecasts weak growth
BENGALURU (REUTERS) – Netflix said it would make a deeper dive into video games as the movie and TV streaming service projected weak subscriber growth amid growing competition and the […]
Tesla plans to open its charging network to other electric vehicles later this year
BENGALURU (REUTERS) – Tesla plans to open its network of superchargers to other electric vehicles later this year, chief executive officer Elon Musk said on Twitter. The electric-car maker’s fast-charging […]
Singapore’s grip on $41 billion oil market challenged by China
SINGAPORE (BLOOMBERG) – Singapore is facing the greatest competition yet to its status as the dominant marine fuel supplier in Asia, with China luring more ships to its shores following […]
Ben & Jerry’s to stop ice cream sales in occupied Palestinian territories
NEW YORK (AFP) – American ice cream-maker Ben & Jerry’s announced on Monday (July 19) they would stop selling their ice cream in the occupied Palestinian territories, saying its sale […]
Wall Street ends sharply lower as Delta variant sparks new lockdown fears
NEW YORK (REUTERS) – A surge in Delta variant infections sparked a broad sell-off on Wall Street on Monday (July 19) as investors feared renewed Covid-19 shutdowns and a protracted […]
Stocks slump as Covid-19 jitters fuel rush into bonds
NEW YORK (BLOOMBERG) – Stocks slumped around the globe as investors rushed into haven assets after the Delta variant cast a pall over the economic recovery, while tension between the […]
Wall Street’s new fear is that economic growth has peaked
NEW YORK (BLOOMBERG) – Investment strategists are starting to consider a new bearish scenario: the economy has already hit its speed limit. With the ferocious spread of Covid-19’s delta variant […]
China signals end to $2.7 trillion US stock listing
HONG KONG (BLOOMBERG) – For two decades Chinese tech firms have flocked to the US stock market, drawn by a friendly regulatory environment and a vast pool of capital eager […]
Oil declines after OPEC+ agrees to boost production into 2022
NEW YORK (BLOOMBERG) – Oil eased after OPEC+ agreed to boost production into 2022, resolving an internal dispute that had shaken the alliance. Brent crude declined 0.5 per cent after […]
China’s luxury retirement homes draw millions from investors
BEIJING (BLOOMBERG) – Retiree William Tang recently decided to swap his life in downtown Shanghai for a luxury elder-care development in the city’s far west, paying US$220,000 to rent a […]
Sustainable investments account for more than a third of global assets
LONDON (REUTERS) – Sustainable investments total US$35.3 trillion, or more than a third of all assets in five of the world’s biggest markets, a report from the Global Sustainable Investment […]
Binance focusing on compliance amid global scrutiny: CEO
SINGAPORE – The regulatory minefield that cryptocurrency platform Binance must navigate amid growing scrutiny globally is its biggest task ahead, said its chief executive and founder Zhao Changpeng in an […]
Resale condos are back in vogue in Singapore
The private resale market is making a solid comeback after a hiatus of two years. About 8,880 condominium units were sold last year, over 16 per cent higher than the […]
Women lose out amid fall in bank teller jobs
(BLOOMBERG) – For years, women have had a foot in the door to the finance industry by becoming bank tellers. Now that path is disappearing due to the increase in […]
Are workers more creative in the office?
(NYTIMES) – When Yahoo banned working from home in 2013, the reason was one often cited in corporate America: Being in the office is essential for spontaneous collaboration and innovation. […]
Battery tycoon charges ahead in wealth rankings
(BLOOMBERG) – Looks like selling car batteries is a better business than e-commerce and fintech combined. After all, Dr Zeng Yuqun, founder of the world’s biggest electric-vehicle battery maker, has […]
Pandemic hobbies that make money
(NYTIMES) – Ms Jenny Eisler learnt to knit in the first grade and was good at it. She also did time as a Girl Scout, which imbued her with an […]
US stocks end lacklustre week on losing note
NEW YORK (AFP) – Wall Street stocks fell on Friday (July 16), ending a lacklustre week on a negative note amid uncertainty over the outlook for global growth and inflation. […]
S’pore residents employed overseas but working here remotely must now pay tax
SINGAPORE – Singapore residents who are employed overseas but are working here remotely must now pay tax after a pandemic-related exemption ended on June 30. The exemption for such employees […]