NEW YORK (REUTERS) – The S&P 500 registered its biggest daily percentage gain since Nov 24 on Monday (Feb 1) after a steep sell-off last …
1,000 positions set to be filled at firm’s new S-E Asia HQ here
Gaming hardware and fintech firm Razer will hire for about 1,000 positions for its new South-east Asia headquarters at Singapore’s one-north technology business park. The …
SPH, GfK to debut biennial study measuring S’pore media consumption
Singapore Press Holdings (SPH) has partnered market research company GfK to conduct a new biennial study on media consumption, using a novel single-source approach that …
Company Briefs: Grab
Grab South-east Asian ride-hailing giant Grab Holdings said yesterday that it has closed a US$2 billion (S$2.7 billion) loan facility, up from the original US$750 …
Myanmar’s army chief challenges Biden, and bets big on China
NAYPYIDAW (BLOOMBERG) – By seizing power on Monday (Feb 1), Myanmar’s generals are providing US President Joe Biden with an early test of his efforts …
South Korea exports expand for 3rd month in January, beating forecasts
SEOUL] (REUTERS) – A continued surge in demand for chips and bio-health products helped South Korea’s exports gain for a third month in January, signalling …
Blank-check company craze that’s taken Wall Street by storm now spreading to Asia
HONG KONG (BLOOMBERG) – A raft of funds and financiers in Asia is leveraging their deal-sourcing capabilities and understanding of US capital markets to jump …
GameStop: US senators call for action against hedge funds as Wall Street braces for more market mayhem
WASHINGTON (AFP, REUTERS) – Progressive US senators Bernie Sanders and Elizabeth Warren called on Sunday (Jan 31) for action against what they said were the …
Singapore retail investors to vote on fate of struggling shipping firm PIL
SINGAPORE (BLOOMBERG) – Creditors to distressed Singapore shipper Pacific International Lines will vote on Monday (Feb 1) on a restructuring deal that involves a capital injection …
HSBC, banks repayment hopes fade with Hin Leong liquidation plan
SINGAPORE (BLOOMBERG) – HSBC Holdings and other global banks owed US$3.5 billion (S$4.66 billion) by Hin Leong Trading may recoup less than expected from the …
Me & My Career: Veteran enjoys helping clients to meet environmental goals
SINGAPORE – Environmental sustainability is a hot topic now, but the history of the environmental services sector in Singapore is quite short compared with European …
How a Reddit user roiled GameStop stock and the markets
NEW YORK • In mid-2019, a Reddit user – known as “Roaring Kitty” on some social media accounts – posted a picture on an online …
How to make your resume stand out when applying for a job in a new sector
SINGAPORE – Here’s what a Workforce Singapore career coach says: A resume is a space for you to communicate your story and it is the …
GameStop rallies again as US regulators eye wild trading
NEW YORK • The United States Securities and Exchange Commission (SEC) waded into the battle between small investors and Wall Street hedge funds, warning brokerages …
4 human factors to note in wills
It’s not the law that makes the administration of wills complicated, but people like us, with all our faults and foibles. Issues arise because the …
Singapore firms upbeat on prospects after year of gloom
The business expectations of firms in both the manufacturing and services sectors turned positive after a year of gloom, with sentiments boosted by the start …
S’pore bourse declines in line with markets across region
Local shares closed lower yesterday to mark a second week in the red amid a decline across the region. The uncertain sentiment left the benchmark …
Virus-hit US economy suffers worst showing in 74 years
WASHINGTON • The United States economy contracted at its deepest pace since World War II in 2020 as the Covid-19 pandemic depressed consumer spending and …
Libor trader Tom Hayes set for release from prison after nearly 6 years
LONDON (BLOOMBERG) – Tom Hayes, the former UBS Group and Citigroup trader who became the face of the Libor rigging scandal, is set to be …
Elon Musk at it again, sending Shopify shares up with Twitter blast
NEW YORK (BLOOMBERG) – Elon Musk is making headlines again for his Twitter use, with Shopify the latest beneficiary. The Tesla billionaire late Thursday (Jan …