Markets

SINGAPORE: Singapore will launch a new segregated travel lane aimed at business travellers on short-term stays, Minister for Trade and Industry Chan Chun Sing announced on Tuesday (Dec 15).   The travel lane will be open to a “limited number” of business, official and high economic value ...

Global jet fuel markets are coming back to life, resuscitated by a rebound in air cargo demand, gradually recovering passenger traffic and hopes that COVID-19 vaccines will spur more international flights in 2021.

SAN FRANCISCO: Popular online bulletin board Pinterest will pay former chief operating officer Francoise Brougher US$20 million in a deal reached to settle a gender discrimination suit, a regulatory filing showed on Monday (Dec 15). The settlement includes Pinterest investing another US$2.5 ...

Oil prices dipped in early trade on Tuesday, with demand worries due to tighter lockdowns in Europe outweighing relief from vaccination rollouts and concerns about a flare-up of tension in the Middle East.

The ransacking of an iPhone manufacturing facility in India caused up to TUS$200 million (US$7.12 million) in damage though production facilities were not as badly hit as reported, its Taiwan-based operator Wistron Corp said on Tuesday.

U.S.-based hedge fund Whitebox Advisors LLC said on Tuesday LG Corp's plan to spin off five affiliates into a new holding company next year would fail to create value for minority shareholders.

Moderna Inc said on Monday it was informed by the European Medicines Agency (EMA) certain documents related to pre-submission talks of its COVID-19 vaccine candidate were unlawfully accessed in a cyberattack on the medicines regulator.

Asian stocks came under pressure on Tuesday following a mixed Wall Street session, as concerns about increasing COVID-19 deaths, infections and lockdowns overshadowed optimism about the start of coronavirus vaccinations.

SYDNEY: Australia's Trade Minister Simon Birmingham on Tuesday (Dec 15) said he would pursue all avenues to defend the rights of the country's businesses after Chinese media reported China had banned imports of Australian coal. The state-owned Global Times newspaper said in a report late on Monday ...

Ride hailing firm Uber Technologies Inc was fined US$59 million for failing to provide the California Public Utilities Commission (CPUC) with information on sexual assault and harassment claims, Bloomberg News reported on Monday.