Markets

WASHINGTON: New US Trade Representative Katherine Tai pledged to rebuild alliances and actively engage on international trade on Monday (Mar 22) in her first calls as the top US trade negotiator with key partners and the World Trade Organization (WTO). Starting her first full week on the job, Tai...

McKinsey & Co will pay US$45 million to settle an investigation by Nevada of the big consulting firm's role in fueling the U.S. opioid epidemic.

President Joe Biden's administration is considering spending US$3 trillion on infrastructure in the United States, split into two Bills that face narrow paths to approval in Congress, US media reported on Monday.

HSBC Singapore named Winnie Yap as its new head of global liquidity and cash management with effect from Tuesday, in a wave of changes seen in the bank's top ranks this year.

BlackRock Inc said on Monday it is hiring a prominent law firm to conduct an internal review after a report in a trade publication detailed new employee complaints about the conduct of executives, including senior leader Mark Wiedman.

Asian stocks were set to track Wall Street gains on Tuesday as bond yields pulled back, easing concerns about inflation although investors are keeping a close eye on rising COVID-19 cases in Europe.

U.S. cloud services provider Box Inc is exploring a sale amid pressure from hedge fund Starboard Value LP over its stock performance, according to people familiar with the matter.

A report released by the Ministry of Manpower last week showed that while Singapore saw the sharpest fall in total employment in more than 20 years, foreigners bore the brunt of the layoffs. 

When the Tesla chief comes up with bad jokes, they don’t end up in the bin, says the Financial Times’ Henry Mance.

As Singapore transforms itself to reduce its reliance on fossil fuels, it will find that it is still vulnerable to geopolitical and economic shifts of a new energy supply chain, says Energy Studies Institute’s Philip Andrews-Speed.