Markets

Retail investors placed bids for a record US$3 trillion of shares in Ant Group Co Ltd's initial public offering (IPO), set to be the world's biggest, as mom-and-pop savers bet on demand for its financial services in China.

Rovio Entertainment , maker of the 10-year-old "Angry Birds" mobile game series, on Friday reported a 138per cent jump in third-quarter adjusted operating profit, helped by lower marketing costs and stable games revenue.

SINGAPORE: Singapore’s labour market is likely to bottom out by the end of this year, but the recovery will be uneven, said economists. According to figures released on Friday (Oct 30), the country’s unemployment rate rose to 3.6 per cent in September from 3.4 per cent in August. The number of...

SINGAPORE: The Monetary Authority of Singapore (MAS) issued prohibition orders to two former bank employees for fraud and dishonest conduct, it said on Friday (Oct 30). The orders, issued to Lu Chor Sheng and Tan Swee Thiam Timothy, took effect from Thursday. The cases were unrelated and both have...

THE Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against two former bank employees for fraud and dishonest conduct, following their convictions in the State Courts of Singapore. The POs took effect from Thursday.

Cryptocurrency hedge funds have posted hefty gains so far this year, benefiting from the surge in transactions that allow lenders and borrowers to transact without banks, as well as a steady rise in the bitcoin price.

NEW YORK: ExxonMobil said on Thursday (Oct 29) it could cut its global workforce by about 15 per cent, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices. ExxonMobil and other oil producers have been slashing costs due to a ......

SINGAPORE: Singapore’s unemployment rate rose to 3.6 per cent in September but the increase was at a slower rate compared to previous months, as the country re-opened from a COVID-19-induced slowdown. Even then, officials warned that labour market conditions would stay soft amid the prolonged ...

Polestar, the electric vehicle unit of Chinese automaker Geely , is in advanced talks with investors to raise US$800 million to US$900 million in its first external fundraising, people familiar with the matter said.

Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand.