Markets

US home construction fell a surprisingly sharp 9.5 per cent in April and economists attributed that partially to builders who delayed projects because of a surge in lumber prices and other supply constraints.

A federal judge on Tuesday (May 18) questioned why he should approve a US$2 billion proposal by Bayer AG that would create a framework for resolving future claims that the company's Roundup weedkiller causes cancer, casting doubt a day before a key hearing on the plan.

The Biden administration gave investors two more weeks to buy or sell securities in certain companies tied to the Chinese military, the US Treasury Department said in a notice posted on its website on Tuesday (May 18).

Amazon.com told Reuters on Tuesday it is extending until further notice a moratorium that it imposed last year on police use of its facial recognition software.

Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog's starkest warning yet to curb fossil fuels.

The Biden administration is pushing back its overhaul to former President Donald Trump's investment ban on Chinese companies by two weeks, Bloomberg News reported on Tuesday, citing three officials familiar with the matter.

The dollar extended its slide on Tuesday, touching its lowest level since late February, as increased risk appetite lured investors away from the safe-haven greenback.

Stock indexes globally were flat to higher on Tuesday with technology shares recovering on Wall Street, while the U.S. dollar touched its lowest level since late February.

SINGAPORE: Singaporean technology group Sea chairman Forrest Li said on Tuesday (May 18) the firm would scale up its fintech offerings in Southeast Asia, as the firm more than doubled revenues in 2021 thanks to growth in e-commerce and entertainment.  "Digital financial services in our region are ...

Swatch Group Chief Executive Nick Hayek is sure the Olympic Games in Tokyo, sponsored by the group's flagship Omega brand, will take place in August, he told Swiss newspaper Finanz und Wirtschaft in an interview published on Tuesday.