KUALA LUMPUR (BLOOMBERG) – Malaysian stocks are among the world’s worst performers this year, and you can blame it all on rubber gloves. A peek …
Property firm SingHaiyi to delist after buyout offer secures 95.8% acceptances
SINGAPORE (THE BUSINESS TIMES) – Mainboard-listed property developer SingHaiyi on Friday morning (Dec 17) said it has lost its free float and will be delisted, …
Singapore non-oil exports surge 24.2% in November, biggest jump in nearly 10 years
SINGAPORE – Singapore’s key exports defied supply chain disruptions and continued challenges from the Covid-19 pandemic to rack up their biggest increase in almost 10 years last …
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 …
Japan’s 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 …
Bitcoin lingers near lows as central banks ready stimulus cuts
NEW YORK (BLOOMBERG) – While Bitcoin lingers near recent lows after tumbling from its November all-time high, many crypto investors see an overarching theme that …
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 …
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 …
Wall Street’s rally stretches to second day as Omicron concerns ease
NEW YORK (NYTIMES) – Stocks jumped on Tuesday (Dec 7), with the S&P 500 extending a rally as investors shook off concerns over the severity …
Qantas expects to reach 115% of pre-Covid domestic capacity levels by April
SYDNEY (REUTERS) – Qantas Airways expects to reach more than 115 per cent of pre-Covid-19 domestic capacity levels by April as Australian state borders open, …
Tech shares tumble to end losing week for US stocks
NEW YORK (AFP) – The Nasdaq led Wall Street lower on Friday (Dec 3) as stocks concluded a losing week on a downcast note following …
US stocks end solidly higher after two down days
NEW YORK (AFP) – Wall Street stocks rose on Thursday (Dec 2), shrugging off two straight negative sessions as markets grappled with worries over the …
South Korea factory output shrinks most since May 2020 on auto chip shortage
SEOUL (REUTERS) – South Korea’s factory output in October shrank at its sharpest pace in nearly 1½ years, government data showed on Tuesday (Nov 30), …
Currencies recover from Omicron chaos but analysts warn more volatility ahead
OTTAWA (REUTERS) – Currency markets calmed on Monday (Nov 29) in Asia after the initial shock of the discovery of the Omicron coronavirus variant sent …
Kyrgyzstan parliamentary election set to bolster president
BISHKEK (REUTERS) – Allies of Kyrgyz President Sadyr Japarov appeared set to win Sunday’s (Nov 28) parliamentary election by a landslide, according to early figures, …
Wall Street ends higher; Nvidia surge offsets Nordstrom, Gap slide
NEW YORK (REUTERS) – Wall Street ended higher on Wednesday (Nov 24), lifted by gains in Nvidia and other tech stocks, while Gap and Nordstrom …
Singapore raises 2021 trade forecasts but sees growth slowing sharply next year
SINGAPORE – Singapore raised its trade forecasts for this year amid better-than-expected performance, robust global semiconductor demand and higher oil prices. But export growth is …
Singapore GDP growth to slow to 3-5% in 2022 after 7% gain this year
SINGAPORE – Singapore’s economic growth will slow to between 3 per cent and 5 per cent next year amid an uneven recovery at home and …
Nasdaq and S&P 500 end down after hitting record highs
NEW YORK (REUTERS) – The S&P 500 ended lower and the Nasdaq tumbled deep into negative territory on Monday (Nov 22) after both earlier hit …
S’pore pay rises set to rebound to 2019 levels next year: Survey
SINGAPORE – Expecting the global Great Resignation phenomenon to play out in full next year, employers in Singapore are reverting salary increments and payroll budgets …