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Markets

Investors jolted by sinking Bitcoin, Tesla and other market favorites

Bitcoin, shares of Tesla and a high-flying exchange traded fund (ETF) fell on Tuesday, retreating from recent rallies in a volatile session that gave investors a gut check.

Markets

OCBC Q4 net profit falls 9% to S$1.13b; proposes 15.9 S cents final dividend

OCBC'S net profit for its fourth quarter fell on a drop in overall income, which more than offset an 11 per cent reduction in expenses, it said on Wednesday.

Markets

Board of Petrobras approves shareholders’ meeting; end of the line for CEO

The board of Brazilian state-run oil Petrobras on Tuesday called for an extraordinary shareholders' meeting, a move that all but guarantees the exit of current Chief Executive Roberto Castello Branco.

Markets

Commentary: Meltdown in Texas’ power and water supply was a long time coming

Millions of Texans have suffered the effects of a design that served the fossil fuel industry and the politicians it funds, says James K Galbraith.

Markets

Commentary: The aviation sector should bounce back sooner than expected

The Government assistance announced at Budget 2021 may well be the last tranche needed to help the industry stay afloat, says NUS Business School’s Jochen Wirtz.

Markets

Lucid dream deal turns Klein’s US$43 million investment into US$3.3 billion windfall

Veteran dealmaker Michael Klein and his partners have turned their US$43 million personal investment in the blank-check acquisition firm they are merging with luxury electric vehicle startup Lucid Motors Inc into a nearly US$3.3 billion paper gain, according to Reuters calculations.

Markets

Make this the year sustainability tops the business agenda

THE impact of climate change is continuing unabated, and Singapore and South-east Asia stand at the point end of its impact. HSBC Global Research recently reported that of the 20 global cities most vulnerable to rising sea levels, 15 are in Asia - including five in Asean.

Markets

Analysis: Prices lurch higher as Home Depot, other importers battle surging cargo, commodity costs

As Home Depot heads into its busy spring project season - when shoppers build backyard decks and buy patio furniture - it is tangling with surging costs for goods and transportation, on top of tariffs that cost it and other U.S. importers billions of dollars.

Markets

Facebook’s oversight board has received appeal from ‘user’ in Trump ban case

Facebook Inc's oversight board has received a "user statement" for the case it is deciding about whether the social media company was right to indefinitely suspend former President Donald Trump's Facebook and Instagram accounts, a board spokeswoman confirmed on Tuesday.

Markets

Analysis: Boeing alters course in speedy response to engine blowouts

Two years ago, after a second fatal 737 MAX crash in five months, Boeing Co worked behind the scenes to urge aviation regulators not to ground the jet.

Markets

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