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Markets

Issuing limits raised for Singapore government securities and treasury bills

THE issuing limits for government securities and treasury bills have been raised to meet Central Provident Fund (CPF) needs and cater to growing investor demand, with Parliament voting to authorise this on Tuesday.

Markets

Macy’s to close 45 stores this year

Department store operator Macy's Inc said on Tuesday it would close about 45 stores this year as part of its three-year plan to lower store count in order to focus on its more productive outlets.

Markets

Saudi vows extra cuts as OPEC+ agrees small rise in oil output

Saudi Arabia will make voluntary cuts to its oil output in February and March as part of a deal to persuade most OPEC+ producers to hold production steady amid concerns that new coronavirus lockdowns will hit demand.

Markets

Amazon buys jets from airlines to bolster deliveries

Amazon on Tuesday announced it bought jets from a pair of airlines, bolstering its delivery network as online shopping booms and travel withers during the pandemic.

Markets

US factory activity near 2.5-year high; COVID-19 disrupting supply chains

US factory activity accelerated to its highest level in nearly 2.5 years in December as the coronavirus pandemic continues to pull demand away from services towards goods, though spiraling new infections are causing bottlenecks in supply chains.

Markets

US bankruptcy filings hit 35-year low thanks to government pandemic aid

WASHINGTON :U.S. bankruptcy filings for 2020 hit their lowest level since 1986 as a flood of government support programs offset at least temporarily the full brunt of the coronavirus pandemic and a related recession, Epiq AACER reported on Friday.

Markets

Saudi offers extra cut as OPEC+ agrees oil output rollover

Saudi Arabia will make voluntary cuts to its oil output in February and March as part of a deal to persuade most OPEC+ producers to hold production steady amid concerns that new coronavirus lockdowns will hit demand.

Markets

Goldman Sachs expects staff to return to offices by year-end: Bloomberg TV

Goldman Sachs Group expects to have all its staff back at their offices by the end of the year as major drugmakers roll out COVID-19 vaccines, Chief Executive Officer David Solomon said in an interview to Bloomberg Television on Tuesday (Jan 5).

Markets

GM posts 4.8per cent rise in sales; sees demand picking up in spring

General Motors on Tuesday reported a 4.8per cent rise in U.S. sales for the fourth quarter, boosted by demand for new vehicles during the COVID-19 pandemic, and the automaker signaled that the industry could return to more normal levels in the spring.

Markets

US factory activity near 2-1/2-year high; COVID-19 disrupting supply chains

U.S. factory activity accelerated to its highest level in nearly 2-1/2 years in December as the coronavirus pandemic continues to pull demand away from services towards goods, though spiraling new infections are causing bottlenecks in supply chains.

Markets

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