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Fed on hold as officials weigh pandemic against vaccines, fiscal support

WASHINGTON: The Federal Reserve is expected to keep U.S. monetary policy locked in crisis-fighting mode at its meeting ending on Wednesday as policymakers assess an economy still struggling through the shock of a pandemic but looking forward to relief from ongoing vaccinations and new ...

Markets

GameStop stock doubles again with no let-up in amateur interest

REUTERS: Shares of videogame retailer GameStop surged another 130 per cent on Wednesday (Jan 27) in pre-market trading as amateur investors continued to pile into the stock that has skyrocketed nearly 700 per cent over the past two weeks. The share spikes in GameStop and others including ...

Markets

Singapore to continue prioritising development of human capital for financial sector: Minister Teo

TO KICK off the financial sector's next phase of growth, Singapore will have to continue prioritising the development of local workers, said Minister of Manpower and Second Minister for Home Affairs Josephine Teo on Wednesday.

Markets

Nasdaq Clearing fined US$36 million in Sweden over 2018 trader default

Nasdaq Clearing has been fined 300 million Swedish crowns (US$36 million) by Sweden's financial supervisory authority (FI) over the default of a power trader in 2018 that showed deficiencies in its operations, the FI said on Wednesday.

Markets

YouTube suspends Trump indefinitely, stops Giuliani monetising clips

YouTube has suspended Donald Trump indefinitely from the platform and said it will also prevent the former president's lawyer Rudy Giuliani from being able to monetize his clips, US media reported.

Markets

Amazon stops alcohol sales in Northern Ireland due to Brexit rules: Report

Amazon has halted sales of wines, beers and spirits in Northern Ireland and is preparing to de-list more products due to new Brexit customs rules, broadcaster ITV reported on Tuesday.

Markets

China says Indian ban on apps violates WTO rules

China said on Wednesday that the Indian government's decision to keep a ban on 59 Chinese apps was a violation of the World Trade Organization's fair rules of business and would hurt Chinese firms.

Markets

Mobile games group Huuuge’s readies for US$400 million IPO in February

WARSAW: Mobile games developer Huuuge Inc. has set the maximum price in its Warsaw initial public offering (IPO) at 50 zlotys per share, valuing the deal at around 1.5 billion zlotys (US$400.8 million), the company said on Wednesday. Huuuge, with a significant base in Poland, adds to a list...

Markets

DBS wins bankruptcy bid on Nelson Loh in relation to S$14m loan

FAILED businessman Nelson Loh was adjudged a bankrupt by the Singapore High Court last month, after DBS Bank commenced bankruptcy proceedings against him in relation to some S$14.2 million in outstanding debts, court documents revealed.

Markets

LVMH shares rise after fashion group reports solid fourth-quarter results

LVMH's shares rose on Wednesday after the French luxury goods group reported resilient fourth-quarter results.

Markets

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