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US yields cling to gains after signing of stimulus bill
NEW YORK: US Treasury yields edged higher yesterday in a holiday-shortened week, as risk appetite rose with shares on Wall Street hitting record highs again after President Donald Trump signed into law overnight an additional coronavirus relief package. Financial markets were closed on Friday for Christmas day.
US blocks palm oil imports from Sime Darby over forced labour allegations
KUALA LUMPUR: The United States banned imports of palm oil from Sime Darby Plantation from Wednesday over allegations of forced labour in the production process, the U.S. Customs and Border Protection (CBP) said.
British M&A watchdog with more bite emerges
LONDON: The UK’s parting of the ways from the European Union means that an obscure seven-year-old watchdog is about to gain massive new powers over corporate mergers.
Mexican finance minister picks holes in central bank cash bill
MEXICO CITY: Mexican Finance Minister Arturo Herrera on Wednesday criticised a controversial bill proposed by the country’s ruling party that would force the central bank to buy foreign cash commercial banks are unable to return to the financial system.
Relief period for event and tourism contracts extended
SINGAPORE: Parties to event and tourism-related contracts who are unable to fulfil their contractual obligations owing to Covid-19 will continue to get temporary relief from legal and enforcement action for an additional month.
A year of anger with reason
LAST year was a one of deep anger with ourselves, our fate, other people and the politicians. We were angry for good reasons, but more so with reason itself.
The cleanest fossil fuel is set for a rebound
Demand is growing as nations look for reliable alternative
Dealmakers cancel Christmas in busiest-ever holiday merger time
LONDON: Christmas was cancelled for dealmakers this year.
Tech activities set to drive Asian M&As this year
SINGAPORE: Coronavirus-spurred growth in the technology sector will help drive merger and acquisition (M&A) activity in the Asia Pacific this year, bankers and lawyers predict, with the potential easing of Sino-United States tensions likely to revive Chinese outbound investment.
Delisting China firms harms US financial market
BEIJING: The American brand of rules-based free market economy suffers another blow as the New York Stock Exchange, demanded by an ill-based executive order of the current US administration issued in November, moved recently to delist three major Chinese telecom operators.
