Tech stock rally sends S&P and Nasdaq to record highs
NEW YORK (REUTERS) – The Nasdaq and S&P 500 headed to all-time highs on Monday, fueled by tech stocks as interest rates remain low, while investors awaited data on the […]
Tesla dealt big blow as almost all cars in China need safety fix
SHANGHAI (BLOOMBERG) – Tesla’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation – […]
Record stock sales from money-losing firms ring alarm bells
NEW YORK (BLOOMBERG) – If you think a rush by companies to sell their shares is a bad omen for the market, imagine a scenario where most of the sales […]
Shell starting new green businesses
(NYTIMES) – On a clearing at the edge of a farm field, 40 big rectangular boxes the size of shipping containers sit behind a tall fence. Packed inside are stacks […]
Newly minted S’pore entrepreneurs: Economy at standstill? Perfect time to launch platform for group buys
SINGAPORE – Starting a business at a point last year when the economy was virtually at a standstill seemed like madness, but entrepreneur Victor Qin felt it was the perfect […]
Newly minted S’pore entrepreneurs: Ex-model finds winning formula in sustainable beauty products
SINGAPORE – Former model Sherry Lim reckoned plenty of people needed a feel-good boost amid the pandemic miseries last year so what better time to launch her new cosmetics business. […]
Tour agency ventures into e-commerce to tide over bad times amid Covid-19
SINGAPORE – Tour agency CTC Travel had about 100 full-time staff and was serving about 45,000 to 50,000 customers. Since the Covid-19 pandemic hit, 90 per cent of its staff […]
S’pore money changers in dire straits as Covid-19 causes plunge in global travel
SINGAPORE – Mr Anwardeen, 60, owner of Central Exchange Money Changer at Suntec City, used to run his business daily with six employees before Covid-19 hit. Now, he operates the […]
S&P 500 ends at record to conclude winning week for US stocks
NEW YORK (AFP) – The S&P 500 finished at a fresh record on Friday (June 25), concluding a strong bounceback week for Wall Street on easing worries about monetary policy […]
Crypto firms fight for top talent with hundreds of job openings
SINGAPORE (BLOOMBERG) – Booming cryptocurrency firms say they’re struggling to find the right candidates to fill hundreds of positions as a frenzy of interest in digital currencies and other assets […]
SEA faces long road back to pre-pandemic growth but Singapore to buck trend: Survey
HONG KONG (BLOOMBERG) – The prolonged Covid-19 pandemic is clouding economic projections for South-east Asia, with most countries not expected to return to pre-pandemic growth levels for several years. The […]
China’s ride-hailing giant Didi seeks up to $5.4 billion in US IPO
HONG KONG (BLOOMBERG) – Chinese ride-hailing giant Didi Chuxing is looking to raise as much as US$4 billion (S$5.4 billion) in one of the biggest United States initial public offerings […]
Banks involved in Archegos meltdown face US probe
NEW YORK (BLOOMBERG) – United States investigators who focus on corporate collusion are examining how global banks handled multibillion-dollar trades with Archegos Capital Management that sent stocks into a spiral […]
Singapore slips to 4th place in global fintech ranking but keeps top spot in Asia-Pacific
SINGAPORE (THE BUSINESS TIMES) – Singapore has fallen one rung to fourth place in this year’s Global Fintech Rankings. And while it still takes the top spot among countries in […]
Hong Kong’s accountants push back after government power grab
HONG KONG (BLOOMBERG) – The staid accounting profession is the latest to be rattled by the chaotic changes sweeping through Hong Kong. The government, via a blog post, this month […]
Keppel, Sembcorp Marine request trading halts
SINGAPORE – Keppel Corp and rig builder Sembcorp Marine (Sembmarine) on Thursday morning (June 24) requested in separate filings to the Singapore Exchange for a halt in the trading of […]
Two Fed officials say ‘temporary’ US inflation surge may last longer than thought
WASHINGTON (REUTERS) – A period of high inflation in the United States may last longer than anticipated, two US Federal Reserve officials said on Wednesday (June 23), prompting one to […]
Yellen warns of ‘unthinkable’ US default risk in August without debt limit hike
WASHINGTON (REUTERS) – United States Treasury Secretary Janet Yellen on Wednesday (June 23) warned Congress that the US risks a debt default and a new financial crisis as soon as […]
S&P 500 ends lower after flirting with record
NEW YORK (AFP) – The S&P 500 ended slightly lower on Wednesday (June 23) after flirting with a record in a choppy session just before key earnings later in the […]
GIC-backed South Korean fintech eyes 12-fold growth, IPO by 2025
SEOUL (BLOOMBERG) – Viva Republica, operator of South Korea’s largest fintech start-up Toss, gained more funding for a US$7.4 billion (S$9.95 billion) value, to help the super app grow sales […]