U.S. property insurers are bracing for claims for damage from collapsing roofs, bursting pipes and lost business as Texas takes stock of its losses from a winter storm that has crippled its electrical grid.
RWE, Germany's largest power producer, on Thursday warned that Arctic temperatures hitting the U.S. state of Texas put some of the group's local onshore wind farms out of service and forced it to buy electricity at sky-rocketing costs.
A group representing Amazon.com Inc, Facebook Inc and Alphabet Inc joined the U.S. Chamber of Commerce and others in filing suit on Thursday to challenge Maryland's first-in-the nation new digital advertising tax.
Video-streaming device maker Roku Inc reported quarterly revenue above market expectations on Thursday, thanks to an influx of cord-cutting subscribers dropping their cable packages for streaming services.
THE new Significant Infrastructure Government Loan Act (SINGA) bonds will qualify as liquid assets that financial institutions (FIs) can hold to meet regulatory requirements, The Business Times has learnt.
SINGAPORE banks may see some margin compression as the industry transitions to risk-free reference rates, but there is no race to the bottom for loan pricing in the next few years, said analysts.
THE Singapore courts have dismissed allegations of fraud against Singapore-based marketing consultant Capital Asia Group (CAG) and its sole director brought by more than 1,000 multinational investors over an oil investment scheme.
GLOBAL debt soared by a whopping US$24 trillion to an all-time record of US$281 trillion, or 355 per cent of gross domestic product (GDP) in 2020.
President Joe Biden's nominee for U.S. trade representative, Katherine Tai, will get a confirmation hearing next week, a key step for the new administration to start rebuilding battered trade ties with U.S. allies.
U.S.-based stock funds attracted US$7.8 billion in the week to Wednesday, as the S&P 500 traded near a record high, according to Lipper data released on Thursday.
