Business

NEW JERSEY – Forbes’ annual world’s billionaires list includes a record-breaking 2,755 billionaires, with Amazon.com founder Jeff Bezos topping it for the fourth consecutive year, the media company said on Tuesday (April 6). The ranks of…
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TOKYO – Toshiba Corp confirmed that it received an initial buyout offer from CVC Capital Partners and said it would seek more information as it weighs the proposal. The Japanese conglomerate issued the statement after reports about a…
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NEW YORK – US stocks rallied on Monday (April 5) with the Dow and S&P 500 closing at record levels, as a round of strong economic data buoyed investor optimism for the economic reopening and a muted climb in the 10-year US Treasury…
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SEOUL – South Korea’s LG Electronics said on Monday (April 5) it will wind down its loss-making mobile division – a move that is set to make it the first major smartphone brand to completely withdraw from the market. Its decision to pull…
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SINGAPORE – The world economy is on course for its fastest growth in more than a half century this year, yet differences and deficiencies could hold it back from attaining its pre-pandemic heights any time soon. The US is leading the…
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SINGAPORE – Outgoing OCBC chief Samuel Tsien took home a total salary of $8.6 million in 2020, about 22.5 per cent lower than $11.1 million in 2019, the bank’s annual report showed on Monday (April 5). Mr Tsien’s remuneration for 2020…
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More than a year has passed since the onset of the Covid-19 pandemic. While we are now more optimistic that better days are ahead, the fight is not yet over. Much more needs to go right for us to be sure that we are entering the final…
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SINGAPORE – More than 100 small and medium-sized enterprises (SMEs) have each received an $8,000 cash grant to cover rental and operational costs, maintain their employee payroll, adopt technology and seek help for business transformation…
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NEW YORK – Tech shares rallied on Wednesday (March 31) to conclude the first quarter on a positive note as markets digested early details of US President Joe Biden’s infrastructure plan. Large technology companies including Apple and…
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HONG KONG – Hong Kong’s stock exchange proposed easing listing requirements to attract more overseas firms to sell shares in the financial hub. In a consultation paper released late Wednesday (March 31), Hong Kong Exchanges & Clearing…
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