Stocks slip, yields climb on oil, economy worries

Wall Street shrinks earlier losses, still lower Oil gains as OPEC+ approves deep supply cuts Dollar rebounds, up over 1% WASHINGTON Oct 5 (Reuters) – A two-day stock rally lost steam Wednesday, as Wall Street turned lower and Treasury yields regained ground as the prospect of higher oil prices and continued Federal Reserve rate … Read more

Stocks soar, yields slide on hints of cooling economy

Investors start to mull central bank ‘pivot’ on rates Dollar falls for the fifth day Gold hits 3-week high WASHINGTON, Oct 4 (Reuters) – US stocks and oil on Tuesday posted strong gains for a second straight day while US Treasury yields slid as investors wondered if global efforts by central banks to fight inflation … Read more

Temasek to step up investments once market valuations drop further, executive says

SINGAPORE, Sept 30 (Reuters) – Singapore’s Temasek Holdings (TEM.UL) said that market valuations had not yet priced in a global economic recession and that said the state investor was waiting for further declines before stepping up investments. “Current valuations are not reflecting the risk of downturn we see in the next 12 to 18 months,” … Read more

CVC’s burial business bets on lively market growth

A huge dragon structure at the Nirvana Memorial Park just outside Malaysia’s capital Kuala Lumpur June 23. The air-conditioned dragon structure stores gilded urn compartments, home to 6,700 urns for cremated ashes. Picture taken on June 22, 2000. Register now for FREE unlimited access to Register HONG KONG, Sept 27 (Reuters Breakingviews) – The … Read more

EXCLUSIVE Grab sees no big layoffs despite weak market

A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar Su Register now for FREE unlimited access to Register SINGAPORE, Sept 25 (Reuters) – Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while … Read more

Stocks slump to 2-year low as rates reality bites

A man is silhouetted in front of a board displaying the Japanese yen exchange rate against the US dollar outside a brokerage, after Japan intervened in the currency market for the first time since 1998 to shore up the battered yen, in Tokyo, Japan September 22, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access … Read more

Asian markets slide as recession risks remain high

People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik/File Photo Register now for FREE unlimited access to Register HONG KONG, Sept 16 (Reuters) – Asian markets sold off sharply on Friday and Europe looked set to follow as investors … Read more

Singapore outlines financial services overhaul with an eye on green finance boom

A view of the Monetary Authority of Singapore’s headquarters in Singapore June 28, 2017. Picture taken June 28, 2017. REUTERS/Darren Whiteside/File Photo Register now for FREE unlimited access to Register SINGAPORE, Sept 15 (Reuters) – Singapore announced plans on Thursday to overhaul its financial services industry by 2025 in a bid to cement its … Read more

Singapore lender DBS sets sector-specific decarbonisation targets

A logo of DBS bank is seen in Taipei, Taiwan, January 28, 2022. REUTERS/Ann Wang/File Photo Register now for FREE unlimited access to Register SINGAPORE, Sept 13 (Reuters) – Singapore bank DBS Group (DBSM.SI) set decarbonisation timelines for its exposure to industries such as power, oil and gas, aviation and shipping, detailing the commitments … Read more

Tech workers left hanging as Sea e-commerce arm Shopee rescinds job offers

The logo of Shopee, the e-commerce arm of Southeast Asia’s Sea Ltd, is pictured at their office in Singapore, March 5, 2021. REUTERS/Edgar Su/File Photo Register now for FREE unlimited access to Register SINGAPORE/HONG KONG, Sept 6 (Reuters) – Southeast Asia’s largest e-commerce firm Shopee has rescinded dozens of job offers in the past … Read more