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Business 30 Dec 2020 | 7:00 AM

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.

Business 31 Dec 2020 | 7:00 AM

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.

Business 01 Jan 2021 | 7:00 AM

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.

Business 01 Jan 2021 | 7:00 AM

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.

Business 05 Jan 2021 | 7:00 AM

Dealmakers cancel Christmas in busiest-ever holiday merger time

LONDON: Christmas was cancelled for dealmakers this year.

Business 05 Jan 2021 | 7:00 AM

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.

Business 05 Jan 2021 | 7:00 AM

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.