The U.S. unemployment rate likely shot up to almost 20per cent in May, a new post World War Two record, with millions more losing their jobs, exposing the horrific human toll from the COVID-19 crisis.
HONG KONG: Chinese online gaming firm Netease raised at least US$2.7 billion in a Hong Kong secondary offering after pricing its shares at HKUS$123 (US$15.87) each, according to two sources with direct knowledge of the matter. The company had planned to sell 171.48 million shares, according to an ......
SINGAPORE: Authorities are investigating the management of Eagle Hospitality Trust over suspected breaches of disclosure requirements under the Securities and Futures Act. The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force said in a ...
REUTERS: Data center server maker Super Micro Computer Inc is looking to open a new site in the United States to assemble computers, possibly in Oregon, the East Coast or Midwest, Chief Executive Officer Charles Liang told Reuters on Thursday. Supermicro supplies servers to cloud computing ...
SINGAPORE: A record jump in money flowing into Singapore bank accounts from abroad underlines the country's safe haven appeal during the COVID-19 pandemic and political uncertainty in rival financial centre Hong Kong, analysts say. Singapore fiercely competes with Hong Kong as Asia's premier ...
Facebook Inc is making it harder to find user groups associated with the term "Boogaloo," which refers to a potential U.S. civil war or the collapse of civilization, the company said on Thursday.
Broadcom Inc on Thursday forecast current-quarter revenue, the mid-point of which was slightly below Wall Street estimates as its chip business was weighed down by the impact of the coronavirus crisis on global supply chains.
U.S. President Donald Trump on Thursday is expected to sign an executive order that would give federal agencies emergency powers to fast-track major energy and other infrastructure projects by overriding environmental permitting requirements, two sources familiar with the proposal said.
Asian stocks were set to hold tight ranges on Friday after a mixed Wall Street session and as investors awaited key U.S. jobs data while sustained hopes about a global economic recovery kept pressure on the safe-haven dollar.
During the 11 weeks from Mar 18, when US lockdowns started, the wealth of America's richest people surged by over US$565 billion, while 42.6 million workers filed for unemployment, the report said.
