SINGAPORE – The impact of the Covid-19 pandemic on economies and companies is well documented. Besides causing massive job losses around the world, it has hit the bottom line and […]
Rich Americans increasingly looking for second passports
NEW YORK (BLOOMBERG) – Eric Schmidt acquired all the typical trappings of a mega-rich US citizen: a superyacht, a Gulfstream jet, a Manhattan penthouse. One of his newest assets is […]
Singapore economy shrank 5.8% in Q3, better than estimate; 4% to 6% growth forecast for 2021
SINGAPORE – Singapore’s economic growth will rebound in 2021 by the most in a decade, helped by a low base, but gross domestic product (GDP) will probably not return to pre-Covid […]
Fear for 4,700 jobs as two UK retailers go into administration
LONDON (AFP) – UK fashion chains Peacocks and Jaeger have gone into administration, their owners announced on Thursday (Nov 19), putting 4,700 jobs at nearly 500 shops under threat. Parent […]
Venezuela opposition to appeal decision finding PDVSA 2020 bonds valid
NEW YORK, Nov 13 (Reuters) – Venezuela’s opposition said on Friday it planned to appeal a U.S. court ruling that found state oil company Petroleos de Venezuela’s (PDVSA) 2020 bonds, […]
UK economy loses more speed in September, before new lockdown
LONDON (REUTERS) – Britain’s economy, which has struggled to maintain its recovery from its coronavirus lockdown crash, grew by a slower than expected 1.1 per cent in September from August, […]
M&S opens pop-up store at Waterway Point
Marks & Spencer (M&S) Singapore has opened a pop-up outlet at Waterway Point that will operate for the next six months. The store, which opened last Saturday stocked with beauty […]
Volatile rouble recovers from recent lows after U.S. election
MOSCOW, Nov 5 (Reuters) – The Russian rouble firmed on the Moscow Exchange on Thursday compared with its last official close but was down from where it had traded in […]
UPDATE 2-Five-year Italian yields touch record low, U.S./German yield gap at March high ahead of election
* Market focus on U.S. voters head to the polls * Italian bonds rally; five-year yield drops to record low * U.S.-German 10-year yield spread rises to highest since March […]
Two big US mall owners file for bankruptcy
NEW YORK (BLOOMBERG) – America’s ailing malls suffered a pair of body blows over the weekend as two major landlords followed their ever-growing list of bankrupt tenants into Chapter 11 […]