China’s Huawei scores 4G patent deal for Volkswagen cars
SHANGHAI (AFP) – Huawei has struck a licensing deal that will allow use of its 4G technologies in connected vehicles manufactured by Volkswagen Group, the Chinese tech giant said on […]
Samsung Electronics says Q2 profit likely rose 53%, topping estimates
SEOUL (REUTERS) – Samsung Electronics said on Wednesday (July 7) its second-quarter operating profit likely jumped 53 per cent, beating analysts’ estimates, as strong chip prices and demand lifted earnings. […]
Didi handed bosses stock options worth billions before IPO
NEW YORK (BLOOMBERG) – Didi Global handed a group of senior executives and board members a sweet perk in the weeks before its initial public offering: shares worth billions of […]
Temasek-backed e-commerce start-up ManoMano tops $3.5b valuation after new fundraising
PARIS (REUTERS) – French online home improvement retailer ManoMano reached US$2.6 billion (S$3.5 billion) in valuation after a US$355 million fund-raising led by investment firm Dragoneer, it said on Tuesday […]
Nasdaq sets new record in otherwise down day for US stocks
NEW YORK (AFP) – A post-holiday pall fell on US stocks on Tuesday (July 6) even as the Nasdaq eked out a new record close amid slightly underwhelming data and […]
Opec+ in crisis as spectre of destructive infighting looms again
LONDON (BLOOMBERG) – Opec+ was plunged into crisis as a worsening fight between Saudi Arabia and the United Arab Emirates blocked an oil-supply increase. What happens next will determine whether […]
Brent oil jumps past US$77 after Opec+ calls off output talks
LONDON (BLOOMBERG, REUTERS) – Brent oil rose above US$77 a barrel for the first time since 2018 after Opec+ nations called off talks on output levels, leaving the market with […]
Opec+ abandons oil policy meeting after Saudi-UAE clash
DUBAI (REUTERS) – Opec+ ministers called off oil output talks on Monday (July 5) after clashing last week when the United Arab Emirates rejected a proposed eight-month extension to output […]
Sydney Airport gets $22.3 billion takeover bid
SYDNEY (BLOOMBERG) – Sydney Airport received a A$22.3 billion (S$22.3 billion) takeover offer from a group including IFM Investors, in one of the boldest bets since the pandemic on a […]
Home workers questioning jobs, supply-chain havoc weigh on French recovery
AIX-EN-PROVENCE (REUTERS) – A shortage of qualified workers, doubts raised by working from home and supply-chain havoc are proving problematic for some companies as they try to ride France’s recovery […]
Oil holds gain as OPEC+ tension builds before talks resume
SINGAPORE (BLOOMBERG) – Brent oil held gains near US$76 a barrel ahead of another round of critical Opec+ talks to break a stalemate over raising production, with tension rising over […]
Investors over the age of 50 take a shine to robo-advisers
SINGAPORE – Investors over the age of 50 are taking a greater liking to robo-advisers, which have tended to be more popular among younger folk. It helps that these digital […]
US jobs gain signals return to normalcy, but variant fears linger
SINGAPORE – After gyrating between fears over the increasing worldwide Covid-19 outbreaks and euphoria over signs of a sequential economic recovery, the market surged towards the end of last week, […]
The big money in the secretive world of art
(NYTIMES) – The federal agents who raided a drug dealer’s house in a suburb of Philadelphia found marijuana and, to their surprise, US$2.5 million (S$3.4 million) in cash stashed in […]
When investors own over 100 homes
(BLOOMBERG) – In Canada, a home is no longer just a home – it is an investment. The country now has one of the world’s hottest real estate markets and […]
Hybrid working: Why it isn’t ideal
(REUTERS) – Hybrid working is often presented as a flexible compromise that secures the best advantages of office-based and remote work, but the reality is likely to be the worst […]
Sydney firm bucks hybrid work trend, adds more space and piano to get staff back
(BLOOMBERG) – It is literally music to the bosses’ ears. Canadian investment giant Brookfield Asset Management is bucking the hybrid work trend by introducing a slew of creative measures, including […]
More firms in Singapore set to cut office space in coming months amid Covid-19
SINGAPORE – More office space is expected to be freed up or vacated in Singapore in the coming months as companies here review their workplace needs in light of changes […]
Founder of crypto firm Torque faces $12m lawsuit from Greek investor
SINGAPORE – A Singaporean businessman dealing with the failure of his cryptocurrency trading firm now finds himself entangled in a US$9 million (S$12 million) lawsuit relating to a company he […]
Dow, S&P 500, Nasdaq end at records after solid US jobs data
NEW YORK (AFP) – US stocks finished the week with a flourish on Friday (July 2), with all three major indices posting records after a solid jobs report that was […]