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China lifts yuan midpoint to highest since July 2019

SHANGHAI: China's central bank lifted its official yuan midpoint to the highest in 13 months on Monday (Aug 31) to reflect persistent weakness in the US dollar in global markets. The People's Bank of China (PBOC) set the midpoint rate at 6.8605 per dollar prior to the market open, 286...

Markets

Telco SoftBank shares fall 3per cent as parent slashes stake

Shares in wireless carrier SoftBank Corp fell 3per cent in early trading on Monday after parent SoftBank Group Corp said it would sell up to 22per cent of the telco's shares, slashing its exposure to the carrier to 40per cent.

Markets

Buffett’s Berkshire buys 5% stake each in five Japanese trading companies

Warren Buffett's Berkshire Hathaway said on Sunday it has acquired more than 5per cent stakes in each of the five leading Japanese trading companies.

Markets

Buffett’s Berkshire buys 5per cent stake each in five Japanese trading companies

Warren Buffett's Berkshire Hathaway said on Sunday it has acquired more than 5per cent stakes in each of the five leading Japanese trading companies.

Markets

The future of retail after COVID-19

The retail sector has been one of the worst affected by COVID-19 restrictions. But as the pandemic progressed, buyers flocked online to buy everything from food to fitness equipment, leading to a surge in e-commerce. Money Mind takes a look at what the future of retail could look like....

Markets

The Big Read: Overcoming their scepticism, jobseekers find ray of hope in traineeships amid gloomy job market

Trainees under the national SGUnited Traineeships Programme had their doubts about the scheme but were assuaged once they started working though some say they still have burning questions about job prospects and fair treatment.

Markets

Commentary: Why aren’t tech unicorns listing on the SGX?

Early industry hopes that Singapore might be able to win over some primary start-up IPOs from Nasdaq have given way to reality that US capital markets are still the most attractive, says Kenneth Lim.

Markets

Bringing home back-office bank jobs won’t fix labour tensions: analysts

WITH unemployment set to rise amid Singapore's deepening recession, there have been calls of late to bring home back-office jobs in the banking industry that have been offshored to countries with lower labour costs and abundant manpower.

Markets

United Airlines bids farewell to change fees in push for bookings

United Airlines said on Sunday it is permanently eliminating change fees on tickets for U.S. travel effective immediately, the latest effort by a U.S. airline to try to stimulate bookings hit by the coronavirus pandemic.

Markets

Mexican airline Interjet to boost domestic flights

Mexican airline Interjet said on Sunday it will increase the number of routes and frequency of its domestic flights starting in September, including boosting travel options to the country's northern states and popular tourist destinations.

Markets

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