U.S. retail sales likely experienced a record rise in May as 2.5 million Americans went back to work, although any rebound will retrace only a fraction of the historic drops in March and April amid the coronavirus lockdowns.
SINGAPORE: OCBC has made a S$150 million loan referencing SORA - the Singapore Overnight Average Rate - the first loan to use the new rate, the bank said on Tuesday (Jun 16), part of a major global effort to change lending benchmarks. Singapore's current main lending benchmark, SOR, is...
A CONSORTIUM led by US private equity giant KKR has acquired a minority stake in Vinhomes for a total consideration of 15.1 trillion Vietnamese dong (S$904.3 million).
SINGAPORE: Business services firm Data Register and an associated company, Singapore Data Register, were both fined a total of S$4,500 on Jun 4 for several breaches under the Companies Act, including failing to open its office to the public. Data Register pleaded guilty for not holding an annual ...
Chesapeake Energy Corp is preparing to file for bankruptcy protection as soon as this week, becoming the largest oil and gas producer pushed to the financial brink by this year's energy market rout caused by the coronavirus outbreak, according to three people familiar with the matter.
Chesapeake Energy Corp is preparing to file for bankruptcy protection as soon as this week, becoming the largest oil and gas producer pushed to the financial brink by this year's energy market rout caused by the coronavirus outbreak, according to three people familiar with the matter.
The U.S. will amend its prohibitions on U.S. companies doing business with China's Huawei to allow them to work together in standards settings for next generation 5G networks, according to people familiar with the matter.
Asian shares and Wall Street futures rallied on Tuesday as the formal start of the Federal Reserve's corporate bond buying programme boosted global investor sentiment and calmed earlier worries about a second wave of coronavirus infections.
SINGAPORE: The Ministry of Manpower (MOM) has issued 52 fines and ordered seven workplaces to cease operations over lapses in safe management measures as at Monday (Jun 15) afternoon, following the lifting of “circuit breaker” measures earlier this month. Six of the workplaces ordered to close ...
Two former Pinterest employees who left the image-sharing company in late May publicly alleged in tweets on Monday that they had experienced racial discrimination in the workplace.
