SYDNEY (Reuters) – A gauge of Asian shares eased on Wednesday led by losses in Chinese and Hong Kong stocks, though it was still near a seven-month peak, driven by ever expanding policy stimulus aimed at cushioning the blow from the coronavirus pandemic. In an indication of positive start for Europe, futures for Eurostoxx 50 […]

TOKYO (Reuters) – Japan’s exports extended their double-digit slump into a fifth month in July as the coronavirus pandemic took a heavy toll on auto shipments to the United States, dashing hopes for a trade-led recovery from the deep recession. Meanwhile, core machinery orders, a leading indicator of business spending, unexpectedly fell to a seven-year […]

The Monetary Authority of Singapore (MAS) will intensify its engagements with the senior management of financial institutions on their workforce profiles and plans to grow the Singaporean core, said its managing director Ravi Menon. In a reply published today to a letter to The Straits Times Forum page, Mr Menon said: “Protecting and growing Singaporean […]

NEW YORK (Reuters) – Global equities rose on Tuesday as strong corporate results and accelerating U.S. homebuilding lifted the S&P 500 past highs set before the coronavirus crushed world economies, in a stimulus-fueled rally that has also pushed the dollar to two-year lows. Both the S&P 500 and Nasdaq Composite set records soon after the […]

NEW YORK (Reuters) – The S&P 500 closed at a record high on Tuesday, rebounding from huge losses triggered by the coronavirus pandemic and crowning one of the most dramatic recoveries in the index’s history. The record confirms, according to a widely accepted definition, that Wall Street’s most closely followed index entered a bull market […]

MEXICO CITY (Reuters) – Volkswagen’s Mexico unit has agreed an increase in worker pay and benefits of 5.46% in a new collective contract, the local trade union for the German automaker (VOWG_p.DE) said on Tuesday. Manuel Aburto, spokesman for the Independent Union of Automotive Industry Workers (SITIAVW), said the deal comprised a salary hike of […]

LONDON/HONG KONG (Reuters) – European shares slipped on Tuesday as simmering political tensions between the United States and China escalated, while concerns over a deadlock on further U.S. fiscal stimulus drove the dollar towards a two-year low against its rivals. A weaker opening for the region’s blue-chip euro STOXX 50 weighed on Asian stocks with […]

LONDON/HONG KONG (Reuters) – European shares slipped on Tuesday as simmering political tensions between the United States and China escalated, while concerns over a deadlock on further U.S. fiscal stimulus drove the dollar towards a two-year low against its rivals. A weaker opening for the region’s blue-chip euro STOXX 50 weighed on Asian stocks with […]

SINGAPORE – The Singapore Chinese Chamber of Commerce and Industry (SCCCI) helped more than 680 firms venture into China in the first half of this year, an indication of the role trade associations and chambers play in growing companies here. As an important bridge between the Government and firms, these organisations also help companies overcome […]

(Reuters) – Citigroup Inc (C.N) filed a lawsuit on Monday against Revlon Inc (REV.N) lender Brigade Capital Management LP, asking the hedge fund to return its portion of the $900 million that was mistakenly sent out by the bank to the cosmetic company’s lenders. Last week, Citi repaid a nearly $900 million loan made to […]