COVID-19 was a setback for Singaporeans' financial health, impacting their ability to pay their housing loans and dragging down their passive income, a survey by OCBC has found.
IN ONE of the biggest management reshuffles at Keppel Corp - maybe even for Singapore Inc - the conglomerate unveiled top-level changes at three key business units plus several senior executive appointments, including one at group level, to ramp up growth.
Chicago Federal Reserve Bank President Charles Evans said Monday there is still "quite a long ways to go" for the U.S. recovery from the coronavirus crisis, adding that he expects the Fed to keep interest rates at their current near-zero level until perhaps into 2024.
A bipartisan group of state attorneys general plans to file an antitrust lawsuit against Alphabet's Google as early as next month, according to two people briefed on the matter.
U.S. President-elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen to become the next Treasury secretary, the Wall Street Journal reported on Monday, citing people familiar with the decision.
A top European Union official, in a phone call with Joe Biden on Monday, invited the U.S. president-elect to rebuild "a strong trans-Atlantic alliance" and attend a meeting with the bloc's 27 national leaders next year, his office said.
The world's top asset manager BlackRock has upgraded U.S. equities to "overweight", turning bullish on quality large cap technology companies as well as small cap firms that tend to perform well during a cyclical upswing.
Tesla shares rose 6per cent on Monday, approaching a US$500 billion market value and extending gains to 27per cent since news a week ago that the electric car maker will debut in the S&P 500 in December, forcing index funds to buy billions of dollars of its stock.
Former IAG boss Willie Walsh will be nominated to succeed IATA Director General Alexandre de Juniac, who is stepping down in March, the global airline body said on Monday.
General Motors said on Monday it was reversing course and will no longer back the Trump administration's effort to bar California from setting its own emissions rules in an ongoing court fight.
