Markets

STANDARD Chartered Bank Singapore chief executive officer Patrick Lee will be responsible for more markets in his new appointment as cluster CEO for the Singapore and Asean markets (Malaysia, Vietnam, Thailand and representative offices) from Jan 1, 2021. This is part of StanChart's new Asia region structure,...

Goldman Sachs Group Inc is preparing for the second round of job cuts in just three months, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-11-17/goldman-plans-second-round-of-job-cuts-after-pause-for-pandemic?sref=WJKVI5nK on Tuesday, citing people familiar with the matter.

The S&P 500 and the Dow retreated from record closing highs on Tuesday as surging cases of COVID-19 and the growing threat of a fresh round of economic lockdowns and weak retail sales data dampened the euphoria caused by potential vaccine breakthroughs.

Love it or hate it, a much broader universe of portfolio managers will soon have to take a stance on Tesla's stock, which surged 8per cent on Tuesday following the announcement that it will join the S&P 500.

The U.S. Senate on Tuesday blocked President Donald Trump's nomination of Judy Shelton to the board of the Federal Reserve.

Former United Auto Workers Vice President Joseph Ashton on Tuesday was sentenced to 30 months in prison for accepting kickbacks as part of a wide-ranging federal corruption probe into the union.

The S&P 500 and the Dow retreated from record closing highs on Tuesday as surging cases of COVID-19 and the growing threat of a fresh round of economic lockdowns and weak retail sales data dampened the euphoria caused by potential vaccine breakthroughs.

Republican senators on Tuesday attacked the chief executives of Facebook and Twitter for what they called censorship of President Trump and his allies during the U.S. election while Democrats bemoaned the spread of misinformation on social media.

Walmart Inc said on Tuesday it was optimistic about its holiday sales prospects in a pandemic-ridden year after the big-box retailer beat Wall Street expectations for quarterly results as Americans increasingly shift their spending online.

SoftBank Group Corp Chief Executive Masayoshi Son said on Tuesday he is sitting on about US$80 billion in cash for investment opportunities and share buybacks, and vowed to stick with his famously big bets on technology companies.