Jobless claims dip in US, but recovery yet to take hold
WASHINGTON • Fewer Americans sought unemployment benefits last week, but the modest drop did little to dispel concerns that the US job market and wider economy face an arduous recovery […]
MAS will take action if CoAssets unit has breached regulations
The Monetary Authority of Singapore (MAS) will review and take necessary action if CoAssets’ licensed subsidiary – now known as CA Funding – has breached regulations. As a matter of […]
Lie back, relax, it’s okay to work from bed
NEW YORK • For years, sleep experts have held one piece of common wisdom above all else: that devices have no place in the bedroom. Yet, since the Covid-19 pandemic […]
Firms, employees in Singapore make good use of paid leave in a year of no travel
SINGAPORE – With leisure travel grinding to a halt amid the coronavirus pandemic in 2020, many employees in Singapore found themselves in the strange position – perhaps for the first […]
Wall Street closes out wild pandemic year with Dow, S&P at records
NEW YORK (REUTERS) – US stocks ended a tumultuous year with the Dow and S&P 500 at records, as the three major US equity indexes notched solid-to-spectacular yearly gains despite […]
Singdollar hits 2-year high against greenback
NEW YORK • The Singapore dollar, euro, and Aussie and New Zealand dollars all posted more than two-year highs against the struggling greenback. The Singapore dollar was trading at US$1.3230 […]
STI is region’s worst performer of 2020
The pandemic hammered South-east Asian stock markets last year, with the Straits Times Index (STI) taking the biggest hit in region. The local bourse ended the year down nearly 12 […]
Company Briefs : KrisEnergy
KrisEnergy Upstream oil and gas firm KrisEnergy has extended the maturity of its revolving credit facility (RCF) from DBS by an initial six months to June 30. The facility may […]
UK-Singapore free trade deal kicks in
A free trade agreement (FTA) between the United Kingdom and Singapore takes effect from 7am today, ensuring that companies from both countries continue to enjoy the same trading benefits, even […]
Move over Mukesh Ambani, Asia has a new richest person – China’s ‘Lone Wolf’
BEIJING (THE BUSINESS TIMES) – Zhong Shanshan is a private billionaire who’s rarely quoted in the press. Now, after an improbable career spanning journalism, mushroom farming and healthcare, he’s become […]
China averts liquidity squeeze that was wreaking havoc on bonds
BEIJING (BLOOMBERG) – China’s central bank has pumped enough cash into the banking system to convince government bond investors that the worst is finally over. Over the past month, the […]
Gold firms as US dollar slides to multi-year low
BENGALURU (REUTERS) – Gold prices edged higher on Wednesday (Dec 30), as the prospect of increased fiscal aid pushed the US dollar to its lowest in more than two years, […]
US dollar plumbs more than 2-year lows to Singapore dollar
NEW YORK (REUTERS) – The Singapore dollar, euro, Aussie and New Zealand dollars all posted more than two-year highs against the struggling greenback as investors bet on more US fiscal […]
Dow edges to record as US stock rally resumes
NEW YORK (AFP) – Wall Street stocks resumed their holiday season rally on Wednesday (Dec 30), shrugging off the dimming chances of more US stimulus being enacted while another coronavirus […]
XRP cryptocurrency tumbles as Coinbase exchange moves to suspend trading
LONDON (REUTERS) – Cryptocurrency XRP slumped 19 per cent on Tuesday (Dec 29) after Coinbase, a major US virtual coin exchange, said it would suspend trading in the digital currency. […]
AirAsia sells stake in India venture to Tata for $50.4 million
MUMBAI (BLOOMBERG) – AirAsia Group, hit by the coronavirus pandemic that’s decimated passenger demand, is selling its 32.7 per cent stake in AirAsia India Ltd. to its partner Tata Sons […]
US markets retreat from records as stimulus hits snag
NEW YORK (AFP) – Wall Street closed lower on Tuesday (Dec 29) after the Senate blocked a move to boost federal stimulus cheques to US$2,000 (S$2,600), sending indices retreating from […]
Cambodia, KrisEnergy venture starts crude oil production
PHNOM PENH • Cambodia has begun extracting its first crude oil from fields in the Gulf of Thailand, in a venture between Singapore’s KrisEnergy and the government, both parties said […]
Spotlight on single-owner plots, older CBD offices
Single-owner plots and older central business district (CBD) offices are now in the spotlight as residential property developers eye strong residential sales. Cushman & Wakefield (C&W) expects more buzz in […]
Coinbase to suspend trading in XRP after US suit against Ripple
BENGALURU (REUTERS) – Cryptocurrency exchange Coinbase said on Monday (Dec 28) it would suspend trading in cryptocurrency XRP after US regulators last week charged associated blockchain firm Ripple with conducting […]