Spotify to add 85 new markets with 1 billion people
NEW YORK (BLOOMBERG) – Spotify Technology is introducing its audio service in 85 markets across Asia, Africa and the Caribbean in coming days, expanding the company’s potential market by some […]
WeWork co-founder Adam Neumann nears settlement with SoftBank: Source
BENGALURU (REUTERS) – WeWork co-founder and former chief executive Adam Neumann is nearing a settlement with SoftBank Group that could include a nearly US$500 million (S$660.8 million) cut in his […]
China returns as top India trade partner even as relations sour
MUMBAI (BLOOMBERG) – China regained its position as India’s top trade partner in 2020, as New Delhi’s reliance on imported machines outweighed its efforts to curb commerce with Beijing after […]
Bitcoin tanks after Elon Musk hints prices are excessive; Janet Yellen sounds warning
NEW YORK (BLOOMBERG) – Elon Musk’s embrace of bitcoin earlier this month rocketed the cryptocurrency almost 50 per cent higher to more than US$58,000 (S$76,600). His cold shoulder this weekend […]
Bitcoin hits new high of $1.3 trillion in market value
Bitcoin’s market value reached US$1 trillion (S$1.32 trillion) for the first time, a surge that’s helping cryptocurrency returns far outstrip the performance of more traditional assets like stocks and gold. […]
Nets eyes larger footprint in online payments space
The ubiquity of Nets terminals – there are more than 130,000 of them in Singapore today – may find its equivalent in the online sphere, as the e-payment service provider’s […]
Reigniting drivers of growth key to Asean’s economic resilience
SINGAPORE – Pivoting towards the Asian global growth engine is one of the major world transitions of this century with a strong contributor coming from the economic emergence of Asean. […]
More market volatility expected ahead
SINGAPORE – It was another volatile week for US equity markets as fears of potential inflation, stubbornly high US joblessness and an uneven recovery clashed with hopes of an accelerated […]
Nets eyes larger footprint in online payments space
SINGAPORE – The ubiquity of Nets terminals – there are more than 130,000 of them in Singapore today – may find its equivalent in the online sphere, as the e-payment […]
What is the Jobs Support Scheme?
SINGAPORE – Deputy Prime Minister Heng Swee Keat said last Tuesday that wage subsidies under the Jobs Support Scheme (JSS) will be extended by up to six months to help […]
Staying afloat amid pandemic
What is the Jobs Support Scheme? Deputy Prime Minister Heng Swee Keat said last Tuesday that wage subsidies under the Jobs Support Scheme (JSS) will be extended by up to […]
Marina Bay view could be priciest real estate feature in Singapore
SINGAPORE – A panoramic view of the iconic Marina Bay Sands and the Central Business District could well be the most pricey amenity in Singapore real estate. A collection of […]
Man loses $130k to fake bitcoin trader
If someone tells you that your investment has turned a tidy profit and that you should put in more money to earn even more, just say “no” until you can […]
Staying afloat amid pandemic: What will happen to some firms when Jobs Support Scheme ends
Wage subsidies under the Jobs Support Scheme (JSS) will be extended until September for businesses badly hit by the Covid-19 pandemic, but other employers in sectors that have recovered will […]
US stocks near flat amid stimulus hopes, inflation fears
NEW YORK (AFP) – Wall Street stocks finished little changed on Friday (Feb 19), concluding a choppy week in which optimism over coronavirus vaccines and stimulus competed with inflation fears. […]
Philippines set to take rare top spot for IPOs in South-east Asia
MANILA (REUTERS) – A clutch of Philippine firms, including newly launched real estate investment trusts (Reits), could make the country South-east Asia’s biggest IPO market this year, driven by attractive […]
Oil trader GP Global Apac seeks debt moratorium in Singapore
SINGAPORE (REUTERS) – Oil trader GP Global Apac has applied to the Singapore High Court for a six-month debt moratorium as its parent company seeks to restructure more than US$1 […]
US stocks decline after disappointing labour data
NEW YORK (AFP) – Wall Street stocks declined on Thursday (Feb 18) following disappointing US labour data and Walmart results as key players in the GameStop trading upheaval defended their […]
Robinhood, Citadel chiefs spar with lawmakers over retail trading following GameStop frenzy
WASHINGTON (BLOOMBERG) – House Democrats sparred with the leaders of Robinhood Markets and Citadel on Thursday (Feb 18), with lawmakers pressing the firms on whether they’re profiting at the expense […]
Company briefs: KKR & Co; Credit Suisse; Shopee
KKR & Co Mr Terence Lee, KKR & Co’s managing director for the Asia-Pacific, has resigned from the buyout firm after 10 years, according to sources with knowledge of the […]