Daimler proposes ex-BMW and VW executive Pischetsrieder as chairman

Daimler proposes ex-BMW and VW executive Pischetsrieder as chairman

Salesforce buying work-chat service Slack for $27.7 billion

SAN RAMON, Calif. (AP) — Business software pioneer is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft. The acquisition announced Tuesday is by far the largest in the 21-year history of Salesforce. The San Francisco company was one of the first to begin selling software as a subscription service that could be...

Singapore's largest bank DBS outlines 12 trade ideas for 2021

World economies look set to rebound in 2021 from the pandemic-induced slump, with those in Asia likely leading the way, said Taimur Baig of DBS Bank.

Pfizer Seeks Clearance; Blows to British Retail: Virus Update

Pfizer Inc. and partner BioNTech SE sought regulatory clearance for their vaccine in the European Union, putting the shot on track for a potential approval there before the end of the year.

Year in Review: Looking Back at the Huge Year for Zoom

The coronavirus pandemic has changed the way we work, learn and socialize — and Zoom has helped keep us connected through these changes. The video-conferencing platform has been utilized to host...

JLL sells two residential sites for $62m

The sites have a combined area of 23,828 sq. ft. Residential sites Fair Haven and Sophia Ville along the popular Sophia Road have been sold to a local developer for $62m, according to JLL. The sites, which have a combined area of 23,828 sq.

India’s government to meet farmers as thousands protest against farm reforms

Tens of thousands of farmers, mostly from northern states like Punjab and Haryana, have taken to the streets in protest against farm reforms.

Canada asks court to throw out expert affidavit in Huawei CFO's U.S. extradition case

Canada asks court to throw out expert affidavit in Huawei CFO's U.S. extradition case

Singapore-Hong Kong air travel bubble hits further turbulence

The delay is caused by COVID-19 cases remaining high in Hong Kong. Singapore and Hong Kong will further delay the scheduled air travel bubble between the two amidst rising cases of COVID-19 in Hong Kong. "Singapore and Hong Kong have further reviewed the COVID-19 situation in Hong Kong, and given that local unlinked cases are still high, both parties have decided to defer the commencement of the Singapore – Hong Kong Air Travel Bubble (ATB) to...

Alibaba-backed autonomous car firm AutoX starts driverless testing

Alibaba-backed autonomous car firm AutoX starts driverless testing

Fed sees little to no growth in much of U.S. as stress mounts

Fed sees little to no growth in much of U.S. as stress mounts

Here’s How Rich Every NFL Team Is

Even during a worldwide pandemic, the NFL is an incredibly lucrative investment. Financial Touchdown: The 25 Richest NFL Team Owners With teams unable to fill up stadiums with fans this season...

4 Top Retirement Planning Tips from Warren Buffett

Warren Buffett's success at investing is legendary, and his retirement planning advice works for everyone.

How American investors are gobbling up booming bitcoin

How American investors are gobbling up booming bitcoin

Grab tells staff it's 'in a position to acquire' after Gojek merger report

Grab tells staff it's 'in a position to acquire' after Gojek merger report

32 Reasons To Celebrate Getting Older

The term “senior citizen” is enough to make many aging folks cringe. But in our society, which embraces youth above all else, there are significant reasons to celebrate getting older....

Asian shares inch higher on optimism over vaccines, stimulus

Shares were mostly higher in Asia on Thursday, helped by progress toward rolling out coronavirus vaccines and talk of reaching a compromise on new help for the U.S. economy. Shares rose in Hong Kong, Tokyo, Seoul and Sydney but fell in Shanghai. The rollout of a vaccine in the U.S. could begin this month, if regulators give their approval. Drugmakers Pfizer and BioNTech said they won permission for emergency use of their COVID-19 vaccine in...

Singapore Becomes First Country to Approve Sales of Lab-Created Meat

Eat Just Inc., a maker of meat and egg substitutes, has been approved to sell its laboratory-created chicken in Singapore, which becomes the first government to allow the sale of cultured meat.

Markets Briefing: STI closes down at 2,810

The Straits Times Index fell on Tuesday trade by 3.17 points or 0.11% to finish at 2,810.95. The decline was mainly triggered by investors consolidating November's gains, whist taking in US stimulus talks. President-elect Joe Biden recently announced that he would not immediately strike down the tariffs imposed by President Donald Trump on China. Top stock losers for the day were Ascendas Reit with 0.04 points to 1.34%, CapitaLand IntCom with...

Nominations are now open for SBR International Business Awards 2021

Deadline for submission of entries is on 26 February 2021. For the eighth straight year, Singapore Business Review is back with the most anticipated awards event to recognise the most outstanding foreign companies in Singapore. SBR International Business Awards is now accepting nominations to honour first-rate international companies with offices in Singapore.

The new black gold? Big Oil bets on retail networks in an electric era

The new black gold? Big Oil bets on retail networks in an electric era

As debt defaults rise, China's government bonds might be a safer bet for investors

A series of high-profile defaults linked to state-owned companies in China jolted the credit market and rattled investors last month.

Moody's says outlook for India's nonfinancial companies is 'stable,' expects sharp GDP rebound

India's nonfinancial companies would see their earnings grow as demand starts to recover, following a sharp drop over the last two quarters, Moody's said.

Arnold Palmer, Tiger Woods and 43 More of the Richest Golfers of All Time

Throughout golf's history, 45 golfers have won at least one major PGA tournament and also amassed a fortune of at least $10 million.

What the Richest 1% Pay in Taxes in Your State

See what the richest of the rich pay in taxes.

Walmart drops $35 minimum for its members' online orders

NEW YORK (AP) — Shoppers on who pay a $98-a-year membership fee will get free shipping on orders of any size starting Friday. Walmart announced the membership perk on Wednesday, doing away with a previous requirement that orders amount to at least $35 to qualify for free shipping. The perk comes two months after Walmart launched its membership service called Walmart+, which it hopes will compete with Amazon's Prime membership...

15 Credit Card Hacks for Big Holiday Savings

Many Americans rack up credit card debt over the holidays. But by knowing how to use credit card hacks to save money while shopping, you'll stay free of debt.

Malaysia International Business Awards 2021 is now accepting nominations

The awards programme is accepting entries until 5 March 2021. Located in Southeast Asia, with an ideal position for global expansion opportunities, it is no surprise that foreign companies are expanding into Malaysia and developing their projects and initiatives in the country. To further recognise these highly innovative companies, Singapore Business Review is pleased to announce the opening of nominations for this year's Malaysia International...

20 tips every landlord should know

Are you thinking of investing in a rental property or already own one? Here are 20 financial tips to help you make informed decisions about acquisition, administration, insurance, maintenance, renovation, and tenant relations, and other issues.

Banks rerate 17% due to recovery trade: Maybank

The recovery trade is driven by news of successful COVID-19 vaccine trials. Singaporean banks have rerated 17% since the end of October, primarily due to recovery trade catalysed by successful COVID-19 vaccine trials, according to a newly released sector analysis report by Maybank Kim Eng. However, uncertainty that prevailed in October would remain.

Market Update: STI starts December trade with gains

The Straits Times Index ended the Tuesday trade up by 8.17 points or 0.29% at 2,814.12. The recovery was in react to the latest economic data of China, recording the fastest growth of factory activity in a decade last month. The gain was also boosted by the investor's sentiment after pharmaceutical company Moderna asked US and UK regulators to allow emergency use of COVID-19 vaccine. Top gainers for the day were Hongkong Land with 0.12 points to...

Oil drops as OPEC+ resume talks on output cut extension after impasse

Oil drops as OPEC+ resume talks on output cut extension after impasse

World shares mixed amid growing hopes for vaccines, stimulus

European shares opened lower and U.S. futures also weakened Thursday after a day of gains on most Asian markets. Progress toward rolling out coronavirus vaccines and talk of reaching a compromise on new help for the U.S. economy have been spurring advances on world markets. As countries prepare to begin vaccinating health care workers and others at high risk against the coronavirus, hopes are rising that the pandemic will be brought under...

Fed reports slowing US economic activity due to virus surge

WASHINGTON (AP) — A Federal Reserve survey of business conditions around the country found that economic activity in several regions slowed in November as coronavirus cases surged. The Fed report released Wednesday said that overall, the Fed's 12 regional banks characterized the economic expansion as “modest or moderate." But it noted that three Midwest regions and the Philadelphia region reported activity had begun to cool in early November as...

Qantas to Start Repairing Finances by June as Local Demand Jumps

Qantas Airways Ltd. expects to start repairing its finances within months and said it’s upbeat about a recovery after a rebound in sales on the airline’s domestic network.

Billionaire Richard Li Teams Up With Peter Thiel on SPAC Bet

Billionaire Richard Li, who broke away from his famous father Li Ka-shing decades ago to build his own business empire, is taking a page out of his dad’s playbook by further expanding outside Hong Kong.

Nestle to invest 3.2 billion Sfr to cut carbon emissions

Nestle to invest 3.2 billion Sfr to cut carbon emissions

Hong Kong Under Fire for Shutting Schools While Others Open Up

More than a million students in Hong Kong are back at home for the third time this year as the Asian financial center fights a new wave of infection, even as governments around the world prioritize keeping kids in schools.

The search is on for the top technology companies in Malaysia

Deadline for submissions is on 5 March 2021. With the global acceleration of digitisation, many companies are now tapping into the opportunities of technology and innovation, and Malaysia is definitely not lagging in this trend.

Treasury Yield Spike Risks Sparking Domino Effect in Markets

One of the year’s biggest spikes in Treasury yields has investors mapping out the impact of rising rates on markets ranging from stocks to corporate bonds.

One by One, Dollar Is Dropping to Multi-Year Lows Against Peers

The dollar is steadily moving down the pack of the world’s currencies in December.

US construction spending jumps 1.3% in October

SILVER SPRING, Md. (AP) — U.S. construction spending jumped 1.3% in October, again on the strength of single-family home building. The October gain follows a downward revision in September to a 0.5% decline from a previous estimate of a 0.3% gain, the Commerce Department reported Tuesday. August's number was also revised significantly upward and spending in October was stronger than economists had expected. Single-family home building has been a...

Singapore Urged to Raise Audit Standards to Avoid ‘Failures’

Singapore needs to raise its auditing and accounting standards to help boost the nation’s ESG credibility following a series of corporate scandals, according to the country’s top central banker.

Old-School Services That Have Returned During the Pandemic

Some things go out of style and become a permanent part of the past, while others reemerge years later. And this year, the novel coronavirus has a hand in rebooting some of the services of days gone...

There’s Still Time To Set Up Your Holiday Financial Plan

With less than a month until Christmas, it’s not too late to get all your shopping done and stick to a strict budget. Budgets may be even stricter, though, after a year full of job losses and...

US factories grew more slowly last month; index dips to 57.5

WASHINGTON (AP) — American factories grew at a slower pace last month and there are concerns that surging coronavirus infections will endanger an economic recovery. The Institute of Supply Management, an association of purchasing managers, reported Tuesday that its manufacturing index dipped to 57.5 in November from 59.3 in October. Any reading above 50 signals that manufacturing is expanding. The ISM index plunged in the spring but has since...

China may find alternatives sources, but Australian produce can still compete, S&P Global Platts says

Australia is stuck in a bad situation as China finds alternative sources for agricultural goods, S&P Global Platts told CNBC.

SBR National Business Awards 2021 opens doors for nominations

Deadline for submission of entries is on 26 February 2021. Singapore Business Review is back once again with the most anticipated awards event to recognise the most outstanding local companies in Singapore. To recognise homegrown enterprises in the Lion City, the sixth SBR National Business Awards is now accepting nominations for groundbreaking initiatives from established local companies that have risen to the occasion and made remarkable...

Singapore issues first regulatory approval for lab-grown meat to Eat Just

Singapore Food Agency has approved Eat Just's cell-cultured chicken, which paves the way for lab-grown meat to be eaten by consumers.

Grab, Gojek Close In on Terms for Merger

Grab Holdings Inc. and Gojek have made substantial progress in working out a deal to combine their businesses in what would be the biggest internet merger in Southeast Asia, according to people with knowledge of the talks.