Markets

As U.S. housing starts surged in November to close in on 14-year highs, keeping builders and contractors on the job, consumer spending slumped and in particular the flow of people back to restaurants reversed itself as the coronavirus pandemic intensified.

Surging U.S. stocks are stretching equity valuations near their highest levels in years, leaving investors to determine whether the rally signals a coming economic rebound or an asset price bubble in the midst of a global pandemic.

SINGAPORE: Amid the rising jobless rate, middle-aged workers have been harder hit than other groups. Apart from being at greater risk of being laid off, they may also find it more difficult to secure new jobs, said economists.  According to the Ministry of Manpower's (MOM) third quarter labour ......

Friends and families kept apart by COVID this Christmas and New Year will not find their virtual gatherings over Zoom cut short by the usual 40-minute limit for free subscribers.

SINGAPORE: Singapore Airlines (SIA) will resume flights to Dubai, Tokyo’s Haneda Airport, Moscow and Munich from January, the carrier said on Friday (Dec 18). It will also increase the frequency of its existing flights to several destinations in the United States, Europe and South Africa, starting ...

TAIPEI: Taiwan's government has urged shipping companies not to unfairly push up their prices amid a global squeeze on shipping containers and a shortage of space on cargo ships, the transport ministry said on Friday. Trade-dependent Taiwan, a tech powerhouse, has benefited from demand for ...

Speedy global delivery of COVID-19 vaccines by air and sea in ultra cold conditions will lead to a jump in cargo insurance rates and spur demand for new areas of coverage, leaving underwriters on high alert.

Fashion label Gucci will open two flagship stores on Alibaba's online luxury shopping platform, underscoring the importance of the Chinese market for high-end brands seeking to reverse a revenue slide due to the coronavirus pandemic.

Barclays' UK director and chair Ian Cheshire is stepping down from Jan 1 2021 to be succeed by Crawford Gillies, the bank said on Friday.

Asian shares slipped on Friday after Reuters reported that the United States is set to add dozens of Chinese companies, including the country's top chipmaker SMIC, to a trade blacklist later in the day.