Global shares rallied, with Japan's Nikkei hitting a three-decade peak, while U.S. Treasuries extended their steepest sell-off in months on Friday as investors looked beyond rising coronavirus cases and political unrest in the United States to focus on hopes for an economic recovery later in the ...
SEOUL: Shares in South Korean automaker Hyundai soared on Friday (Jan 8) on the back of reports it was in talks with Apple for a joint project to manufacture self-driving electric vehicles. Hyundai Motor shares rocketed 19.4 per cent in Seoul, with its affiliate Kia also jumping 8.4 per cent...
Blackstone Group Inc on Friday pushed ahead with its proposal to buy out Signature Aviation in a deal worth US$4.29 billion, securing the support of the private jet servicing company's biggest shareholder Bill Gates' Cascade Investment.
SINGAPORE: Singapore’s unemployment rate in November fell for the first time in 2020, a sign that the worst could be over for the labour market amid the COVID-19 pandemic. The overall unemployment rate in November was 3.3 per cent, dropping from 3.6 per cent in October. The resident jobless...
SINGAPORE: DBS chairman Peter Seah Lim Huat has been appointed as a member of the Council of Presidential Advisers (CPA), the Istana said on Friday (Jan 8). Mr Seah was appointed by President Halimah Yacob. His term commenced on Jan 2 and will run until Jun 1, 2024. He...
Corporate America is not known for advancing deep societal change.
BEIJING: The former chairman of the main Chinese state bank behind Beijing's initiative to build railways and ports across dozens of Asian countries has been sentenced to life in prison on corruption charges, a court announced. Hu Huaibang was sentenced on Thursday (Jan 7) after being convicted of ......
As U.S. investors dump shares in Chinese companies blacklisted by outgoing President Donald Trump, bargain hunters in China are taking the opposite side of that trade, wagering that a Joe Biden presidency will reverse the investment ban.
BEIJING: Browsing the Internet as a young policeman in China, Ma Baoli recalls the sheer volume of web pages telling him he was a pervert, diseased and in need of treatment - simply because he was gay. "I felt extremely lonely after I became aware of my sexual orientation,"...
Some economic reforms that emerged after North Korea's Kim Jong Un took power are under threat as his government responds to a series of crises by reasserting state controls, casting doubt on one of the young leader's signature issues.
