Singapore non-oil exports surge 24.2% in November, beating forecasts
SINGAPORE – Singapore’s key exports rose for the 12th straight month in November, buoyed by specialised machinery, petrochemicals and petrochemicals, as well as electronic products. Non-oil domestic exports (Nodx) surged […]
Celebrity Spacs leave famous winners looking more like losers
NEW YORK (BLOOMBERG) – Betting on flashy names like Shawn “Jay-Z” Carter, Shaquille O’Neal and Martha Stewart to boost blank-cheque companies this year left investors mostly in the red. Just […]
Omicron is an economic threat, but inflation is worse, central bankers say
NEW YORK (NYTIMES) – There is still a lot scientists do not know about omicron. There is cautious optimism – but no certainty – about the effectiveness of vaccines against […]
Evergrande boss leads $62.7 billion in lost wealth for China’s property tycoons
HONG KONG (BLOOMBERG) – China Evergrande Group founder Hui Ka Yan was smiling as he attended the celebration of the Communist Party’s 100-year anniversary in Beijing back in July. To […]
Tech slump leads Wall Street stocks lower at close
NEW YORK (AFP) – Weakening tech shares led a retreat in US equities on Thursday (Dec 16), with major indices closing lower and undercutting the prior day’s rally sparked by […]
Japan export gains widen in November before Omicron emergence
TOKYO (BLOOMBERG) – Gains in Japan’s exports widened in November for the first time since May in a sign global trade was regaining traction before the Omicron variant of the […]
The 13 days that made US Fed chief Jerome Powell pivot on inflation
NEW YORK (NYTIMES) – Inflation has been building for months. But it was over 13 days this fall that Jerome Powell, the Federal Reserve chair, decided the central bank needed […]
India outlines $13.7 billion plan to woo global chip makers
NEW DELHI (REUTERS) – India has approved a US$10 billion (S$13.7 billion) incentive plan to attract semiconductor and display manufacturers, its technology minister said on Wednesday (Dec 15), as part […]
Ex-CEO of Swiss bank Falcon acquitted in money laundering trial
ZURICH (REUTERS) – A court acquitted the former chief executive of a Swiss private bank but fined the now-defunct lender 3.5 million Swiss francs (S$5.2 million) on Wednesday (Dec 15) […]
Apple delays employees’ return to office indefinitely
LOS ANGELES (BLOOMBERG) – Apple, facing a resurgence in Covid-19 cases and the fast-spreading Omicron variant, is delaying its corporate return-to-office deadline from Feb 1 to a “date yet to […]
Tech shares lead US stocks down ahead of Fed decision
NEW YORK (AFP) – Wall Street stocks tumbled on Tuesday (Dec 14), with tech shares especially weak as markets awaited a key Federal Reserve decision amid lingering worries over the […]
Worried about crypto scams? Look out for the red flags
SINGAPORE – You have read stories about people becoming millionaires overnight after investing in cryptocurrency. So when what seems to be a golden opportunity is presented to you, Fomo – […]
Staying competitive in 2022: How to take your business online, no coding needed
As the year-end holiday season approaches, so has the time come to start thinking about New Year’s resolutions and goals. For SME owners, seeing your business reach new heights would […]
Wall Street ends down; investors eye Omicron and Fed meeting
NEW YORK (REUTERS) – Wall Street ended lower on Monday (Dec 13), with shares of Carnival Corp and several airlines tumbling as investors worried about the Omicron coronavirus variant ahead […]
China’s solar giants make bid to dominate hydrogen power
BEIJING (BLOOMBERG) – Chinese companies spent 10 years aggressively maneuvering to become the dominant players in solar power. Now they’re seeking to lead the way in developing the next big […]