A sharp spike in bond yields last week caught some hedge funds unaware, and saw macro and long-short funds in general give back February profits to end the month modestly up, several market participants said.
Samsung Electronics Co Ltd is considering two sites in Arizona and another site in New York in addition to Austin, Texas, for a new US$17 billion chip plant, according to documents filed with Texas state officials.
Japanese billionaire Yusaku Maezawa on Wednesday launched a search for eight people to join him as the first private passengers on a trip around the moon with Elon Musk's SpaceX.
New Zealand called on Google and Facebook on Wednesday (Mar 3) to strike deals with Kiwi media similar to those reached in Australia, which require the tech giants to pay for using news.
Coffee processors in the United States, the world's largest consumer of the beverage, are reporting significant cost increases in their operations, mostly related to transportation, and expect to raise retail prices soon.
SINGAPORE: The Ministry of Manpower (MOM) has uncovered breaches at more than 95 per cent of workplaces it inspected. Since mid-December, the ministry conducted 510 inspections. A total of 486 contraventions were uncovered and it issued seven stop-work orders, Senior Minister of State for ...
SINGAPORE: The Tripartite Workgroup on Lower-Wage Workers will develop recommendations for progressive wage models in the retail and food services sector, Senior Minister of State for Manpower Zaqy Mohamad said in Parliament on Wednesday (Mar 3). This comes after he said in February that the ...
WASHINGTON: The United States faces a US$2.59 trillion shortfall in infrastructure needs that requires a massive jump in government spending to address crumbling roads, bridges and other programs, according to an assessment by an engineers group issued on Wednesday. The 170-page report by the ...
REUTERS: Roblox Corp expects its revenue to double in the first quarter of 2021, the company said on Tuesday, ahead of a high-profile market debut later this month. The company sees first-quarter revenue to be in a range of US$320 million through US$335 million. That would represent growth of...
SINGAPORE: Dependant's pass (DP) holders will soon have to secure a work pass instead of a letter of consent if they want to work in Singapore, the Ministry of Manpower said on Wednesday (Mar 3). The move is to align the requirements with other foreigners working in Singapore, the...
