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Markets

Tesla set to pay for chips in advance to overcome shortage – FT

Tesla Inc plans to pay in advance for chips to secure its supply of the crucial materials in a move to overcome the global chip shortage, the Financial Times reported on Wednesday, citing people familiar with the matter.

Markets

GameStop, AMC extend rallies, gouging short sellers

Shares of GameStop and cinema operator AMC Entertainment rallied to their highest levels in months on Wednesday, with some market-watchers saying the recent surge was forcing bearish investors to unwind their bets against the video game retailer.

Markets

Total suspends gas-linked cash payments to Myanmar army

Myanmar's army has lost a source of revenue as French energy giant Total said Wednesday that cash payments to a joint venture with the army have been suspended due to unrest in the country.

Markets

US judge rejects Bayer’s US$2 billion deal to resolve future Roundup lawsuits

A US judge rejected Bayer's US$2 billion class action proposal to resolve future lawsuits alleging its Roundup weedkiller causes cancer, according to a court filing on Wednesday.

Markets

Crypto carnage’s cautionary tale

AS CRYPTOCURRENCIES and their underlying blockchain technology edge into mainstream finance, several red flags still stand. These are likely to impede widespread adoption.

Markets

Coherent policy framework will boost stability: Ravi Menon

DEVELOPING effective policy instruments and using them in a coherent fashion will improve macro-economic and macro-financial stability, making financial globalisation safer, said managing director of the Monetary Authority of Singapore (MAS), Ravi Menon.

Markets

MAS joins Mojaloop Foundation to promote financial inclusion

THE Monetary Authority of Singapore (MAS) is joining the Mojaloop Foundation as a sponsor-level member - making it the first central bank to do so - to advance financial inclusion in emerging economies.

Markets

Nvidia current-quarter revenue forecast beats expectations

Nvidia Corp forecast second-quarter revenue above analysts' estimates on Wednesday, betting on strong demand for its flagship gaming and artificial intelligence chips for data centers.

Markets

Oil settles higher on stronger demand outlook as U.S inventories fall

Oil prices settled higher on Wednesday as a drop in U.S. crude stockpiles reinforced expectations of improving demand ahead of the peak summer driving season, offsetting worries that a possible return of Iranian supply would cause a glut.

Markets

PayPal to allow users to withdraw cryptocurrency to third party wallets

PayPal Holdings Inc said on Wednesday it plans to allow users to withdraw cryptocurrency to third party wallets.

Markets

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