Markets

The only real inflationary danger comes from those fanning the flames of war with China, says Professor James K Galbraith.

With Grab’s impending US$35 billion valuation, CEO Anthony Tan is poised to make history, say the Financial Times’ Mercedes Ruehl and Stefania Palma.

Grab’s decision to opt for an SPAC listing rather than an IPO may seem strange to some, but it is a timely and strategic move, says Li Jianggan.

Joe Biden’s move to raise taxes may be well-timed, given domestic demands for government expenditure and a growing global acceptance that corporate taxes must be raised. But this has implications for Singapore, says NUS Business School’s Assoc Prof Simon Poh.

The US government's budget deficit surged to an all-time high of US$1.7 trillion for the first six months of this budget year, nearly double the previous record, as another round of economic-support checks added billions of dollars to spending last month.

President Joe Biden used a virtual meeting with corporate leaders about a global shortage of semiconductors to push on Monday (Apr 12) for his US$2.3 trillion infrastructure plan, telling them that the US should be the world’s computer chip leader.

BEIJING: China has imposed a sweeping restructuring on Jack Ma's Ant Group, the fintech group whose record US$37 billion IPO was derailed by regulators in November, underscoring Beijing's determination to rein in its Internet giants. The overhaul, which has been in the works for several months ...

MUMBAI: Retailers, restaurants and theatres in India's richest state are reeling under the impact of harsh restrictions imposed last week by authorities scrambling to curb a resurgence in COVID-19 cases. The western state of Maharashtra, home to India's financial capital Mumbai, has been the worst ...

BEIJING: Ant Group, the fintech affiliate of Alibaba Group, will restructure as a financial holding company, China's central bank said on Monday (Apr 12). Ant has formed a "comprehensive and feasible restructuring plan" at the urging of financial regulators, the People's Bank of China (PBOC) said ...

COLOMBO: Sri Lanka secured a US$500 million loan from China Monday (Apr 12) in a desperate bid to shore up its foreign exchange reserves as the local currency hit a record low. The Sri Lankan embassy in Beijing said the loan agreement with the China Development Bank will "infuse...