Grab to hire 350 people in Singapore to deliver financial services in South-east Asia

SINGAPORE (The Straits Times/ANN) Ride-hailing operator Grab will be hiring about 350 more employees here this year to help it deliver financial services in South-east Asia.

Get ready for another global equity rotation

ZURICH: Tightening financial conditions will likely lead to a ‘phase change’ in global markets in the second quarter, resulting in lower overall returns and favoring growth stocks over value, according to UBS Group AG.

Petronas makes gas discovery 90km off Sarawak

Petronas finds gas 90km off Sarawak

KUALA LUMPUR: Petroliam Nasional Bhd found a gas from the Dokong-1 wildcat exploration well in Block SK417 production sharing contract (PSC), located in the shallow waters of Baram Province.

GLOBAL MARKETS-Stocks rebound on Powell policy remarks

NEW YORK: A gauge of global equity markets rebounded in a late-session rally on Tuesday after U.S. Federal Reserve Chair Jerome Powell calmed fears of rising interest rates that have roiled bonds and helped spur assets linked to expectations of a strong recovery.

Oil prices jump more than US$1 as US output struggles to fully restart

SINGAPORE, Feb 23 (Reuters) - Oil prices jumped by more than US$1 on Tuesday, underpinned by optimism over Covid-19 vaccine rollouts and lower output as US supplies were slow to return after a deep freeze in Texas shut in crude production last week.

Asian shares mixed amid vaccine optimism, US tech sell-off

TOKYO, Feb 23 (AP): Asian markets were mixed Tuesday after a sell-off of shares in technology companies on Wall Street.

HSBC bets on Asian wealth in revised strategy

HONG KONG/LONDON: HSBC Holdings PLC on Tuesday abandoned its long-term profitability target, and unveiled a revised strategy focused mainly on wealth management in Asia after the Covid-19 shock saw its annual profits drop sharply.

GLOBAL MARKETS-World shares slide on inflation fears

NEW YORK: Global stock markets fell on Monday as expectations of faster growth and quickening inflation battered bonds, boosted commodities and led to a further rotation out of the big tech names that have driven the equity rally during the pandemic

Vaccine cheer for industry

Export of timber, timber products to hit RM23bil in 2021, says MPIC