Markets

HONG KONG/SHANGHAI: China's biggest chipmaker SMIC plunged a fifth on Monday in response to news of potential U.S. sanctions against the company, wiping US$28 billion off its market value and prompting analysts to predict doom if a ban is implemented. On Friday, Reuters reported that the U.S ...

SoftBank Group Corp shares fell 5per cent in early trading on Monday as the conglomerate's big bets on equity derivatives tied to listed technology companies made investors uncomfortable.

The U.S. Federal Reserve's landmark shift to a more tolerant stance on inflation will be a drag on the dollar for years and will raise hard questions about the role of central banking, challenging policymakers from Frankfurt to Tokyo.

The global economy is likely not headed for any major slowdown due to COVID-19 but piled-up storage and uncertainty over China's oil demand cloud oil markets' recovery, an official with International Energy Agency (IEA) said.

HSBC Life Singapore on Monday said it has appointed senior executives Philip Pang and How Chee Koon as chief investment officer (CIO) and chief product officer respectively.

The dollar steadied in holiday-thinned trade on Monday after U.S. jobs data showed job growth slowed further in August, while traders shifted their focus to the European Central Bank's meeting on Thursday.

SINGAPORE: The Singapore Tourism Board (STB) will start accepting applications to pilot large-scale meetings of up to 250 people from Oct 1, as part of plans to gradually resume economic activities in the country. Organisers of such Meetings, Incentives, Conventions and Exhibitions (MICE) events ...

China's exports in August rose at a faster-than-expected pace, increasing by 9.5per cent from a year earlier, though imports dropped 2.1per cent, customs data showed on Monday.

Julian Assange resumes his battle in a London court on Monday to avoid extradition to the United States to face criminal charges over the activities of his WikiLeaks website, after months of delay due to the coronavirus lockdown.

SINGAPORE: Private-sector economists are expecting the Singapore economy to contract 6 per cent this year, a slight downgrade from their earlier forecast of a 5.8 per cent decline following a worse-than-expected slump in the second quarter. This was according to the latest quarterly survey from ...