TOKYO (REUTERS) – Asia’s manufacturing activity stalled in June as many companies were hit by supply disruptions caused by China’s strict Covid-19 lockdowns, while sharp economic slowdown risks in Europe […]
MUMBAI (BLOOMBERG) – India tightened exports of oil and imports of gold in an all-out effort to support the rupee, which plunged to a new low on Friday (July 1). The currency fell […]
SINGAPORE (THE BUSINESS TIMES) – The chain offer for SPH Reit has closed with valid acceptances in respect of 402.9 million units, representing about 14.36 per cent of total issued […]
SINGAPORE – The market is pondering the fate of at least two good class bungalows (GCBs) belonging to crypto-billionaire Zhu Su and his family. Market sources who are familiar with […]
SYDNEY (BLOOMBERG) – Australia’s two biggest housing markets, Sydney and Melbourne, led a fall in home values during June as rising interest rates further choked buyer demand. Sydney prices slid […]
Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. Although foreign exchange trading carries a high level of risk that may not […]
SINGAPORE (THE BUSINESS TIMES) – Keppel Infrastructure Trust (KIT) has entered into a non-binding term sheet to purchase from its sponsor a 50 per cent stake in Marina East Water […]
SINGAPORE – Three senior officers left AXA Singapore in June following the firm’s exit from the motor and general insurance business. Chief digital and transformation officer Tomasz Kurczyk, who joined […]
SEOUL (REUTERS) – South Korea’s June exports grew at their slowest pace in 19 months as soaring inflation constrains global demand for Korean goods, widening the trade gap and fuelling […]
NEW YORK (AFP) – Grayscale, which said it managed the world’s largest Bitcoin fund, said it would sue the US Securities and Exchange Commission (SEC) after the regulator turned down […]
NEW YORK (NYTIMES) – Americans’ income and spending failed to keep pace with rising prices in May, the latest sign that the fastest inflation in a generation is chipping away […]
NEW YORK (NYTIMES) – Wall Street set records in the first half of the year, none of them good. The US economy is on the cusp of a recession, battered […]
NEW YORK (BLOOMBERG) – Tesla is likely to lose its position as the dominant electric-vehicle (EV) maker in the US to GM or Ford by 2025 as competitors release a […]
BENGALURU (REUTERS) – Bitcoin dropped 6.1 per cent to US$18,866.77 at 4am on Friday (July 1) Singapore time, putting the biggest and best-known cryptocurrency down US$1,226.41 from its previous close […]
NEW YORK (BLOOMBERG) – Blockchain.com, a creditor of Three Arrows Capital, said it was cooperating with ongoing investigations into the troubled crypto hedge fund. Blockchain.com and Deribit, a crypto derivatives […]
NEW YORK (AFP) – Wall Street stocks fell on Thursday (June 30), a fitting end to a bruising first half of 2022, finishing solidly lower after US data showed persistently […]
SINGAPORE (THE BUSINESS TIMES) – The Government has increased its supply of industrial space via its land sales programme for the second half of 2022. There are four sites on […]
WELLINGTON (BLOOMBERG) – New Zealand will enter a recession next year that could be deeper than expected, Bank of New Zealand (BNZ) economists said after a survey showed business sentiment […]
SINGAPORE (BLOOMBERG) – The current phase of deleveraging in cryptocurrencies is at an advanced state and may not last much longer, according to JPMorgan Chase & Co. Multiple crypto company […]
HONG KONG (BLOOMBERG) – Chinese artificial intelligence software maker SenseTime Group slumped as much as 51 per cent in Hong Kong on Thursday (June 30), after a lockup of its shares […]
