Markets

A group of state treasurers are pressuring Marathon Petroleum to end a lockout at a Minnesota refinery that has left 200 union members out of work for two months, according to a Tuesday letter the officials sent to the company.

The U.S. Commerce Department on Tuesday issued final anti-dumping duties on common alloy aluminum sheet from 16 of 18 countries investigated, including up to 242.8per cent on imports from Germany and 83per cent on imports from Bahrain.

Rio Tinto Ltd said on Wednesday Simon Thompson will step down as chairman next year after deciding not to seek re-election as a non-executive director at the miner's 2022 annual general meeting.

The fear and avoidance of phone conversations is common among those with social anxiety disorder, says a psychologist.

The Chinese Communist party system needs entrepreneurs but curtails anyone who becomes too powerful, says the Financial Times' Jamil Anderlini.

NASDAQ-LISTED Futu Holdings has set up its South-east Asia headquarters in Singapore, where the tech-oriented online broker will soon officially launch its services and use the city-state as a springboard into the region, founder, chairman and chief executive officer Leaf Hua Li says.

WHILE economic recovery from the Covid-19 crisis is gradually taking hold in Singapore, the lower-income group continues to fare poorly, both in terms of their earnings and savings, compared with other segments of society, showed a new report from Singapore's largest bank DBS.

NUMBERS from Singapore's largest bank DBS put to rest earlier concerns of a "cliff effect" from deferring mortgage payments, a scenario where many, especially the most vulnerable, may not be financially prepared to make payments when moratoriums are promptly rolled back.

WHILE they stare quietly at their models, macroeconomists are hearing the distant rumble of revolt. A year ago, the Nobel laureate economist Joseph Stiglitz announced that capitalism was undergoing "yet another existential crisis", with "neoliberal ideology" to blame. Now Robert Skidelsky has proclaimed the arrival of a "silent...

SINGAPORE'S number of ultra-wealthy people continued growing strongly in the 2019-2020 period despite the pandemic, making it the Asian country with the second highest rate of growth in this segment.