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SINGAPORE: When Singapore’s richest property family invested in a Chinese real estate group, the deal was touted as “game-changing” for its expansion in Asia’s largest economy. Almost a year later, it has instead become a cautionary tale for firms looking to invest in Chinese developers
NEW YORK: The S&P 500 rose on Wednesday and the blue-chip Dow hit a record high after tepid consumer price data for February calmed inflation worries and Congress gave final approval to one of the largest economic stimulus measures in U.S. history.
SINGAPORE: Grab Holdings Inc is exploring going public in the US through a merger with a blank-cheque company as the South-East Asian ride-hailing and delivery giant seeks to expedite its listing process, according to people familiar with the matter
NEW YORK: Oil price fell to around US$68 a barrel on Tuesday in a choppy session, pressured as concerns faded of a supply disruption in Saudi Arabia, which countered a pause in the dollar's rally and prospects for tighter supply due to OPEC+ output curbs.
NEW YORK: U.S. stocks rallied on Tuesday, with the Nasdaq gaining about 4% to recoup heavy losses from the previous session as U.S. bond yields retreated and investors scooped up battered technology stocks
NEW YORK: Technology-related shares sold off on Monday in a big downturn that pushed the Nasdaq into corrective territory and offset stocks that rose on hopes the US$1.9 trillion COVID-19 relief bill will spur the U.S. economy.
NEW YORK: General Electric Co (GE) is nearing an agreement to combine its jet-leasing business with Ireland’s AerCap Holdings NV, said people familiar with the matter, in a potential deal that would join the world’s two biggest aircraft financiers in a market roiled by the coronavirus pandemic.
WASHINGTON: U.S. Senate Democrats' effort to advance President Joe Biden's US$1.9 trillion COVID-19 aid bill stalled on Friday as senators jousted over how long to extend enhanced unemployment benefits and how much to offer during the pandemic.
Business travellers an important part of tourism economy
NEW YORK: Oil prices fell more than 1% on Monday as fears that Chinese oil crude consumption is slowing and that OPEC may increase global supply following a meeting this week