Markets

REUTERS: Celebrity stockpicker and Ark Invest Chief Executive Cathie Wood told CNBC on Friday that hedge fund veteran Bill Hwang had provided seed capital for Ark's first four exchange-traded funds. Archegos Capital Management, the New York investment fund run by former Tiger Asia manager ...

U.S. Senate committee leaders have drafted a compromise US$110 billion measure for basic and advanced technology research and science over five years and the creation of a White House chief manufacturing officer in the face of rising competitive pressure from China, according to a copy of the 131 ......

SINGAPORE: Low-intensity physical activities will be allowed to continue at indoor gyms, and fitness studios amid tightened COVID-19 guidelines, said Sport Singapore (SportSG) in an updated advisory on Friday (May 7). Earlier this week, the authorities announced that such indoor premises would ...

Chinese ride-hailing giant Didi Chuxing, which is backed by SoftBank, Alibaba and Tencent, said on Friday that 3.1per cent of passenger fees for rides will go towards its profit last year.

U.S. employers hired far fewer workers than expected in April, likely frustrated by labor shortages, leaving them scrambling to met booming demand as the economy reopens amid rapidly improving public health and massive financial help from the government.

The head of tobacco giant Philip Morris said the company will phase out conventional cigarettes in Japan within 10 years, in an interview with the Nikkei business daily published Friday.

Global stocks headed for their first weekly gain in three amid a surge in commodity prices, while traders braced for a key U.S. jobs report later on Friday that could provide clues on when the Federal Reserve will ease back on monetary stimulus.

SINGAPORE: Information of 1,166 customers has been disclosed after a United Overseas Bank (UOB) employee fell prey to an impersonation scam. The customers are China nationals and the information disclosed comprise of names, identification and mobile numbers, as well as account balances, said UOB ...

UOB said some personal information of 1,166 customers who are China nationals had been disclosed by a staff, with preliminary findings showing that the employee had allegedly fallen prey to a China police impersonation scam.

Japan's second-biggest steelmaker JFE Holdings Inc said on Friday it will study feasibility of forming a joint venture with its Indian partner JSW Steel to produce and sell electromagnetic steel sheet used in transformers in India.