NEW YORK (BLOOMBERG) – Talks between Opec and its allies (Opec+) are zeroing in on a delay to next year’s planned oil-output increase of three …
Rising demand for ‘second-hand’ endowment, life insurance plans in Singapore
SINGAPORE – Even as more people seem to be surrendering endowment and life plans bought from insurance companies, there is a growing trade in such …
S’pore market inches up even as vaccine optimism loses steam
Singapore shares rose again yesterday, even as investors dialled back on piling into pandemic-hit sectors. The local blue-chip benchmark Straits Times Index (STI) ended the …
Warmer seas keep hurricanes stronger for longer, study says
TOKYO (AFP) – Warmer seas caused by climate change are making hurricanes stronger for longer after landfall, increasing the destruction they can wreak on impact, …
22 wedding guests killed in Pakistan rickshaw accident
PESHAWAR, PAKISTAN (AFP) – Twenty-two wedding guests were killed when the rickshaw they were riding in fell into a canal in northwestern Pakistan, police said …
South Korea’s jobless rate unexpectedly rises as Covid-19 persists
SEOUL (BLOOMBERG) – South Korea’s jobless rate unexpectedly rose in October as the coronavirus kept businesses reluctant to hire. The unemployment rate climbed to 4.2 …
SembMarine expects losses to continue in Q4
SINGAPORE (THE BUSINESS TIMES) – Sembcorp Marine (SembMarine) continued to incur losses for its fiscal third quarter ended Sept 30, 2020, with low overall business …
Asia stocks extend gains as vaccine hopes support global reopening
BOSTON (REUTERS) – Asian shares rose on Wednesday (Nov 11) as hopes for a successful coronavirus vaccine lifted expectations of a swift reopening of the …
Frasers Property full-year profit tumbles 66.4% on Covid-19 hit
SINGAPORE (THE BUSINESS TIMES) – Real estate developer and manager Frasers Property has posted a 66.4 per cent drop in net profit to $188.1 million …
Masayoshi Son’s personal stake in SoftBank trading unit draws fire
TOKYO (BLOOMBERG) – SoftBank Group’s already controversial stock and options trading programme is drawing fresh fire from investors because of Masayoshi Son’s personal stake in …
Thai King writes messages of love for nation amid protests
BANGKOK (REUTERS) – Thailand’s King Maha Vajiralongkorn wrote messages of national unity and love on Tuesday (Nov 10) during a visit to the north-east of …
There are now a record 5 centibillionaires after global stock surge
NEW YORK (BLOOMBERG) – French luxury titan Bernard Arnault became a centibillionaire on Monday (Nov 9) after promising results of a Covid-19 vaccine spurred global …
A 23-year-old is suing Australia over climate risk in bonds
SYDNEY (BLOOMBERG) – The Australian government is defending a class-action lawsuit that claims it’s misleading investors by failing to disclose the impact of climate risk …
Asia stocks extend global rally on Covid-19 vaccine hope; STI jumps 3%
SYDNEY (BLOOMBERG) – Asian stocks pushed higher on Tuesday (Nov 10) after a large-scale coronavirus vaccine study delivered the most-promising results in the battle against …
Trafigura said to hire Temasek’s Khodor Mattar in expansion push
AMSTERDAM (BLOOMBERG) -Commodities trader Trafigura Group is hiring Temasek Holdings executive Khodor Mattar, as it seeks to team up with the world’s biggest private equity …
Jack Ma’s botched Ant IPO becomes a boost for China’s state-run banks
BEIJING (BLOOMBERG) – China Merchants Bank and other state-backed lenders have emerged as the biggest winners from new regulations that derailed Ant Group’s massive stock …
XanPool Launches XanPay – New and More Efficient form of Payment Routing
Reducing Cross Border Routing and Settlement Costs For Payment Service Providers and Their Merchants. Hong Kong – Hong Kong-based Fintech Company XanPool (the “Company”) having …
Debt-laden China Evergrande ends Shenzhen listing plan, some investors to stay on
HONG KONG (REUTERS) – Debt-laden China Evergrande Group said it has decided to terminate a reorganisation plan with Shenzhen Special Economic Zone Real Estate & …
Deutsche Bank raids StanChart for China wealth team
HONG KONG (BLOOMBERG) – Deutsche Bank has added nine Standard Chartered bankers to its team servicing wealthy clients in China and Hong Kong, according to …
Asia shares, US stock futures rally on Biden victory; STI up 1.4%
SYDNEY (BLOOMBERG, REUTERS) – Asia shares and US stock futures surged on Monday (Nov 9) and the US dollar extended last week’s decline, with markets continuing …