Markets

THE Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against two former bank employees for fraud and dishonest conduct, following their convictions in the State Courts of Singapore. The POs took effect from Thursday.

Cryptocurrency hedge funds have posted hefty gains so far this year, benefiting from the surge in transactions that allow lenders and borrowers to transact without banks, as well as a steady rise in the bitcoin price.

NEW YORK: ExxonMobil said on Thursday (Oct 29) it could cut its global workforce by about 15 per cent, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices. ExxonMobil and other oil producers have been slashing costs due to a ......

SINGAPORE: Singapore’s unemployment rate rose to 3.6 per cent in September but the increase was at a slower rate compared to previous months, as the country re-opened from a COVID-19-induced slowdown. Even then, officials warned that labour market conditions would stay soft amid the prolonged ...

Polestar, the electric vehicle unit of Chinese automaker Geely , is in advanced talks with investors to raise US$800 million to US$900 million in its first external fundraising, people familiar with the matter said.

Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand.

WITH effect from Nov 1, Quek See Tiat will be named chairman of Singapore's Accounting Standards Council (ASC), while Desmond Chin will join as a new member.

The U.S. State Department notified Congress it approved the sale of 50 Lockheed Martin Co F-35 jets to the United Arab Emirates in a deal that could be worth US$10 billion, sources said on Thursday, potentially setting up a showdown with lawmakers over the deal.

Two former eBay Inc employees pleaded guilty on Thursday to participating in a cyber stalking campaign against a Massachusetts couple whose online newsletter was viewed by top executives as critical of the e-commerce company.

Streaming video service Netflix Inc on Thursday raised monthly charges in the United States for its standard and premium subscription plans, a move that sent the company's shares climbing nearly 5per cent.