Markets

New Zealand called on Google and Facebook on Wednesday (Mar 3) to strike deals with Kiwi media similar to those reached in Australia, which require the tech giants to pay for using news.

Coffee processors in the United States, the world's largest consumer of the beverage, are reporting significant cost increases in their operations, mostly related to transportation, and expect to raise retail prices soon.

SINGAPORE: The Ministry of Manpower (MOM) has uncovered breaches at more than 95 per cent of workplaces it inspected. Since mid-December, the ministry conducted 510 inspections. A total of 486 contraventions were uncovered and it issued seven stop-work orders, Senior Minister of State for ...

SINGAPORE: The Tripartite Workgroup on Lower-Wage Workers will develop recommendations for progressive wage models in the retail and food services sector, Senior Minister of State for Manpower Zaqy Mohamad said in Parliament on Wednesday (Mar 3). This comes after he said in February that the ...

WASHINGTON: The United States faces a US$2.59 trillion shortfall in infrastructure needs that requires a massive jump in government spending to address crumbling roads, bridges and other programs, according to an assessment by an engineers group issued on Wednesday. The 170-page report by the ...

REUTERS: Roblox Corp expects its revenue to double in the first quarter of 2021, the company said on Tuesday, ahead of a high-profile market debut later this month. The company sees first-quarter revenue to be in a range of US$320 million through US$335 million. That would represent growth of...

SINGAPORE: Dependant's pass (DP) holders will soon have to secure a work pass instead of a letter of consent if they want to work in Singapore, the Ministry of Manpower said on Wednesday (Mar 3). The move is to align the requirements with other foreigners working in Singapore, the...

SINGAPORE: ExxonMobil said on Tuesday (Mar 2) it will cut about 7 per cent of its workforce in Singapore, as "unprecedented market conditions" due to the COVID-19 pandemic accelerate ongoing reorganisation. About 300 positions will be impacted by the end of 2021, the oil major said. ExxonMobil ...

DIGITAL wallets are poised to overtake credit cards to become the most popular online payment method in Singapore by 2024 amid the e-commerce boom fuelled by the pandemic.

Asian shares edged higher on Wednesday as investors shrugged off concerns that stocks may have rallied too far too fast in the past year, and focused instead on optimism that more imminent U.S. stimulus will energise the global economic recovery.