SINGAPORE – Singapore’s digital banks are on track to set up shop early next year – around six months after the central bank announced its picks for the licences. Hiring […]
SINGAPORE – “We sure could use a little good news today,” Anne Murray sang wistfully, with the lyrics referring to the constant stream of dismal headlines. Well, after a totally […]
NEW YORK (BLOOMBERG) – AMC Entertainment Holdings dizzied investors on Thursday (June 3) by losing 40 per cent of its market value, then regaining more than half of it – […]
NEW YORK (BLOOMBERG) – Tesla shares tumbled on a report that the electric-car maker’s Chinese orders dropped by almost half in May. The stock, which was already down more than […]
SINGAPORE (THE BUSINESS TIMES) – City Developments Limited (CDL) has applied for an initial public offering (IPO) of a real estate investment trust (Reit), which could raise some £500 million […]
SINGAPORE (THE BUSINESS TIMES) – As the demand for chips continue to outstrip supply, carmakers are no longer the only ones bearing the brunt of the impact. The global chip […]
SINGAPORE – Local players in the semiconductor industry are ramping up production capacity amid a worsening global chip shortage sparked by high demand from consumer electronics and automobile firms. Singapore […]
SINGAPORE (BLOOMBERG) – Singapore’s IGlobe Partners closed its latest venture-capital fund, which plans to invest US$100 million (S$132.3 million) in start-ups focusing on synthetic biology, fintech and technologies for smart […]
SINGAPORE (THE BUSINESS TIMES) – Industrial product supplier GRP announced on Wednesday (June 2) that one of its independent directors, Mr Mahtani Bhagwandas, was recently interviewed by the authorities over […]
NEW YORK (REUTERS) – Oil prices surged on Wednesday (June 2), hitting their highest in more than a year from a decision by Opec and allies to stick to the […]
NEW YORK (BLOOMBERG) – Move over, In-N-Out Burger. Elon Musk, chief executive officer of Tesla is one step closer to opening a diner. On May 27, Tesla filed applications with […]
SINGAPORE – It is the holy grail of business to have customers queueing up to buy your products. Not many companies operate under such fortunate circumstances, but this is not […]
(BLOOMBERG) – South Korea’s inflation rose to its highest since 2012 last month as the economy’s rebound gathered pace and as last year’s drop in prices offered support. Inflation from a […]
BENGALURU (REUTERS) – Zoom Video Communications on Tuesday forecast current-quarter revenue above estimates, as increased adoption of hybrid work models by companies is expected to drive steady demand for its […]
WASHINGTON (AFP) – The United States manufacturing sector hit the one-year mark in its recovery from the slump brought on by the Covid-19 pandemic, but factories struggled with snarled supply […]
SINGAPORE – Coronavirus cases are spiking across the region. Worryingly, emerging economies in South and South-east Asia that averted the brunt of the pandemic last year are suddenly facing a […]
NEW YORK (REUTERS) – The S&P 500 dipped on Tuesday (June 1), with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest […]
(BLOOMBERG) – Asian refineries are grappling with what’s expected to be a brief period of weak profits as a demand-sapping Covid-19 comeback across the region coincides with a likely surge […]
BEIRUT (AFP) – French investigators interrogated former Renault-Nissan boss Carlos Ghosn on Monday in Lebanon, where he has sought refuge since a dramatic escape from Japan, a court source said. […]
ZURICH (AFP) – Global food giant Nestle said on Monday that it was developing a new nutrition strategy after the Financial Times reported on an internal document showing that most […]
