Markets

WASHINGTON: US President Joe Biden will propose a tax hike on the investment gains of the wealthiest individuals to pay for his new plan to help US families, a top White House economist said on Monday (Apr 26). Biden this week is expected to lay out his US$1.8 trillion...

Blue Origin, the space rocket company backed by billionaire Jeff Bezos, is formally challenging the US$2.9 billion moon lander contract awarded by NASA to rival Elon Musk's SpaceX. Blue Origin said on Monday (Apr 26) it had filed a protest with the federal Government Accountability Office ...

SMALL and medium enterprises (SME) financing platform Validus and technology company Siemens launched a channel partner financing programme on Tuesday for Siemens Digital Industries' ecosystem of distributors in Singapore.

SINGAPORE: Singapore-headquartered Grab announced earlier this month that it would go public in the United States by merging with a special purpose acquisition company (SPAC). With a near US$40 billion (about S$53 billion) valuation, this marks the biggest of such deals. For many, this listing ...

OCBC has appointed Ivy Au-Yeung as chief executive officer (CEO) of OCBC Wing Hang Bank to succeed the current head of the bank's Hong Kong unit who is retiring.

Apple is following through on its pledge to crackdown on Facebook and other snoopy apps that secretly shadow people on their iPhones in order to target more advertising at users.

Italy's 'epochal' recovery plan targets women, youth, south

As deal talks begin, Canadian National railroad says it is receiving broad support for its US$33.7 billion bid to buy Kansas City Southern.

BEIJING: Regulators have launched an anti-trust probe into Meituan, one of China's biggest food delivery firms, they said Monday (Apr 26), as Beijing clips the wings of its soaring tech companies. The probe was prompted by reports that Meituan allegedly engaged in forced exclusivity agreements ...

SAN FRANCISCO: Apple announced Monday (Apr 26) it plans to boost its investment plans in the United States to US$430 billion over the next five years, saying this would add about 20,000 jobs. The updated plan includes more than US$1 billion for a new campus and engineering hub in...