Markets

SHANGHAI: Chinese regulators have fined Alibaba Group Holding 18 billion yuan (US$2.75 billion) for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever anti-trust fine to be imposed in the country. The penalty, equivalent to around 4 per cent of ...

Biden's ambitious bills risk over-interpreting the times, says the Financial Times’ Edward Luce.

PARIS: US aircraft manufacturer Boeing said on Friday (Apr 9) it had recommended that 16 clients flying its 737 MAX models address a "potential electrical issue", a new setback for its most popular plane. Boeing managed to get the 737 MAX back into the skies late last year after...

SINGAPORE: Weekend entry restrictions at Lucky Plaza and Peninsula Plaza will be lifted from Saturday (Apr 10), almost eight months after they were put in place as part of COVID-19 measures. “Improvements in the crowding situation” have been observed at the two malls, the Singapore Tourism Board ...

SINGAPORE: Singapore ratified the Regional Comprehensive Economic Partnership (RCEP) agreement on Friday (Apr 9), becoming the first participating country to do so, the Ministry of Trade and Industry (MTI) said in a press release. The RCEP is the world's largest free trade agreement, bringing ...

UOB's sustainability bond ratings will likely not see any upward pressure, given they are among the highest assigned to banks globally, Moody's Investors Service and Fitch Ratings said on Thursday.

HONG KONG: A Hong Kong official on Friday (Apr 9) defended plans to curb public access to company searches, a move transparency and media advocates have warned will hamper the exposure of shady corporate dealings. The semi-autonomous financial hub currently maintains a paywalled Companies Registry ...

BEIJING: The Biden administration has added seven Chinese supercomputer research labs and manufacturers to a US export blacklist in a spreading conflict with Beijing over technology and security. The measure announced on Thursday (Apr 8) is the latest sign President Joe Biden is sticking to the ...

SINGAPORE: The Government aims to recover the full amount of about S$370 million wrongly paid to companies in October last year as part of the Jobs Support Scheme (JSS). "We will do all we can to recover the excess disbursements while ensuring that we minimise inconvenience to firms throughout...

BEIJING: Factory prices in China climbed further in March, growing at the fastest pace in more than two years, official data showed on Friday (Apr 9), backed by a rise in commodity prices and the country's economic recovery from Covid-19. The producer price index (PPI), which measures the cost...