NEW YORK (AFP) – Wall Street stocks finished mostly lower on Friday (Jan 22) as investors grappled with worries over new coronavirus strains while confidence in continued fiscal and monetary stimulus supported equities. The Nasdaq edged to a fresh record, but both the Dow and S&P 500 retreated as British Prime Minister Boris Johnson warned […]

Singapore shares declined after a few days of registering gains, with the Straits Times Index (STI) closing 0.85 per cent or 25.62 points down to 2,991.53. The index dipped by about 0.44 per cent over the week. Of the STI constituents, only four – the three Jardine companies and Venture Corporation – notched gains. Ascendas […]

TOKYO • Japan’s factory activity slipped into contraction this month and the service sector was more pessimistic, a private-sector survey showed yesterday, as emergency measures taken in response to a resurgence of coronavirus infections hurt sentiment. Japanese Prime Minister Yoshihide Suga this month announced a second state of emergency in the country to stem a […]

BEIJING • A surge in real estate prices in Shanghai and Shenzhen has prompted the authorities to rein in speculation, in line with the Chinese government’s resolve to keep the property market in check. Shanghai officials unveiled policies late on Thursday to cool the local market, including a measure designed to plug a loophole long […]

NEW YORK • The US dollar fell for a third straight session on Thursday, with investors seeking out higher-yielding currencies, as a slew of better-than-expected US data and continued optimism about a massive stimulus package spurred hopes of a recovery in the world’s largest economy. The euro, on the other hand, gained versus an overall […]

SINGAPORE – From Tuesday (Jan 26), all households will be able to host a maximum of eight guests a day, as part of stepped-up measures to combat rising Covid-19 infections ahead of Chinese New Year. Singapore will also begin Covid-19 vaccinations for those aged 70 and above from next Wednesday, starting with pilot schemes in […]

SINGAPORE – The Singapore private residential market continued to show resilience amid uncertain economic conditions, with a 2.1 per cent gain in the fourth quarter, up from 0.8 per cent from the previous three months, and 0.5 per cent growth a year ago. Data released on Friday (Jan 22) morning by the Urban Redevelopment Authority (URA) […]

TOKYO (REUTERS) – Japan’s factory activity slipped into contraction in January and the services sector was more pessimistic, a private-sector survey showed on Friday (Jan 22), as emergency measures taken in response to a resurgence of Covid-19 infections hurt sentiment. Japanese Prime Minister Suga this month announced a second state of emergency in the country […]

WASHINGTON (BLOOMBERG) – US Treasury Secretary-designate Janet Yellen said she would work with lawmakers to fast-track a series of tax increases on corporations and wealthy Americans as the Biden administration tries to pass spending on infrastructure and expanding the social safety net. Ms Yellen, who awaits Senate approval for the post, on Thursday (Jan 21) […]

HONG KONG (BLOOMBERG) – Bitcoin fell below US$30,000 (S$39,689) as it continues to retreat from the record highs reached during a furious rally over the past two months. The world’s largest cryptocurrency dropped as low as US$29,327 as of 8:29am in Hong Kong on Friday (Jan 22), after a slide of almost 11 per cent […]

NEW YORK (BLOOMBERG) – Elon Musk said he plans to donate US$100 million (S$132 million) towards a prize for the best carbon capture technology, weeks after he became the world’s richest person. Musk made the announcement on Thursday (Jan 21) on Twitter, his preferred medium of communication, and said details would come next week. The […]

NEW YORK (BLOOMBERG) – Google locked out artificial intelligence researcher Margaret Mitchell from its corporate systems, making her the second outspoken critic at the company to be sidelined. Ms Mitchell was a vocal supporter of her colleague Timnit Gebru, who departed under acrimonious circumstances last month. Ms Mitchell leads Alphabet’s Ethical AI unit, which is […]

BENGALURU (REUTERS) – Australia’s economy, which entered 2021 in better shape than most of its peers, will gain further momentum from the successful domestic suppression of the coronavirus pandemic and supportive policies, according to a Reuters poll of economists. Coronavirus-led lockdowns that began in March last year tipped the economy into its first recession since […]

SINGAPORE (REUTERS) – Trading platform iSTOX, backed by Singapore Exchange and other companies, is raising $50 million (S$66 million) from a group of investors led by two Japanese state-backed firms in its first major financing round. “With the new financing, iSTOX will expand its footprint both geographically and in terms of investment offerings,” Oi Yee […]

SINGAPORE (THE BUSINESS TIMES) – CapitaLand Integrated Commercial Trust (CICT) on Thursday posted a distribution per unit (DPU) of 2.63 Singapore cents for its fourth quarter ended Dec 31, down from 3.11 cents a year ago. Of this amount, a clean-up distribution of 0.89 cent for the period from Oct 1 to 20 was paid […]

NEW YORK (BLOOMBERG) – BYD, a Chinese electric-vehicle manufacturer backed by Warren Buffett, raised HK$29.9 billion (S$5.1 billion) from an upsized sale of its Hong Kong-listed shares, capitalising on rising demand for new-energy vehicles and a blistering stock rally. The company agreed to sell 133 million shares at HK$225 each, representing a discount of 7.8 […]

SINGAPORE – President Halimah Yacob and Prime Minister Lee Hsien Loong have sent congratulatory letters to United States President Joe Biden on his inauguration, wishing him success as he assumes office. “Your decades of experience in public office will provide a stable, guiding hand during this critical juncture for America and the international community. I […]

BANGKOK, Jan 20, 2021 – (ACN Newswire) – PTT Global Chemical PCL (SET:PTTGC) Chief Executive Officer, Dr. Kongkrapan Intarajang discusses the company’s strategy and outlook in The Executive Talk (TET) by ShareInvestor.com.TET: What are GC’s current business execution strategies? What is the rationale behind the expansion towards the downstream industry?GC’s strategies are based on 3 major strategies. The first […]

Coquitlam, British Columbia, Jan 18, 2021 – (ACN Newswire) – Greenbriar Capital Corp. (TSXV: GRB) (OTC Pink: GEBRF) (“Greenbriar”) is pleased to announce that on January 20th, 2021, a new President will be sworn into office in the United States. The Company believes the new administration and the House and the Senate, which is majority controlled by the same […]

SINGAPORE (THE BUSINESS TIMES) – ESR-Reit’s distribution per unit (DPU) dropped 16 per cent to 0.84 cent for the fourth quarter ended Dec 31, 2020, from one cent the previous year. Gross revenue for the fiscal year fell 9.1 per cent to $229.9 million from $253 million for FY2019. Net property income decreased by 12.6 […]