Coronavirus: British Airways threatens to fire all pilots in latest salvo

LONDON (BLOOMBERG) - British Airways warned its pilots union that it would dismiss all of the company's 4,300 pilots and rehire them on individual...

ST Engineering US subsidiary hit with criminal ransomware attack

SAN ANTONIO (BLOOMBERG) - VT San Antonio Aerospace, which provides maintenance, repair and overhaul services to aircraft, was hit with a ransomware attack affecting...

Start-ups can now apply to $285m fund announced in Fortitude Budget

SINGAPORE - Promising start-ups here can now apply for special funding earmarked for them in the Fortitude Budget, Singapore's fourth Budget this year. Deputy Prime...

Dow ends 3.2% higher after suprisingly good US jobs data

NEW YORK (AFP) - Wall Street stocks surged on Friday (June 5) following a surprisingly strong US jobs report, which markets viewed as validating...

Starting a sideline delivering boxes of snacks amid the Covid-19 pandemic

SINGAPORE - The Covid-19 pandemic did not put Ms Rachel Tan's entrepreneurial dreams on hold. Ms Tan, 34, who is in sales, registered her sideline...

Japan household spending falls at record pace as coronavirus stalls economy

TOKYO (REUTERS) - Japan's household spending fell at the fastest pace on record in April as the coronavirus shut down travel and dining-out in...

Eagle Hospitality Trust directors, officers under MAS and CAD probe

SINGAPORE - Current and former directors, and officers responsible for managing Singapore-listed Eagle Hospitality Trust (EHT) are under investigation by the authorities for suspected...

NetEase raises at least $3.8 billion in Hong Kong listing, sources say

HONG KONG (REUTERS) - Chinese online gaming firm Netease raised at least US$2.7 billion ($3.8 billion) in a Hong Kong secondary offering after pricing...

Asia stock rally pauses ahead of US jobs data

SYDNEY (REUTERS) - Asian stocks were poised for their biggest weekly rise in over eight years on Friday (June 5) while the euro hovered...

E-commerce giant JD.com files for Hong Kong secondary listing

HONG KONG (BLOOMBERG, REUTERS) - China's No 2 online retailer JD.com has filed for a secondary listing in Hong Kong, hot on the heels...

Oil trader Winson demands payment from OCBC for Hin Leong deal

SINGAPORE (BLOOMBERG) - The spectacular collapse of Singapore oil trader Hin Leong Trading has sparked another legal skirmish between one of its banks and...

Singdollar deposits hit new high, with banks reporting that customers are saving more

SINGAPORE - Retail deposits in Singapore have grown by up to 40 per cent at two local banks amid economic fall-out due to the...

Singapore retail sales see worst-ever 40.5% plunge in April on Covid-19 circuit breaker

SINGAPORE - Singapore's retail sales in April suffered their biggest drop since 1986 when records began as circuit breaker measures to fight the coronavirus pandemic...

PepsiCo hires Singaporean Tan Wern-Yuen as Asia-Pacific CEO

SINGAPORE (THE BUSINESS TIMES) - Beverage giant PepsiCo has hired Singaporean Tan Wern-Yuen as chief executive officer (CEO) of Asia-Pacific, Australia, New Zealand and...

Opec+ set to extend record output cuts after breakthrough with Iraq

CAIRO (BLOOMBERG) - Opec+ is set to extend record production cuts to prop up the oil market after a breakthrough in high-stakes negotiations, with...

HKEX says many US-listed Chinese firms plan Hong Kong listings

NEW YORK (REUTERS) - Many US-listed Chinese firms will likely list on the Hong Kong exchange this year, in part because of US political...

Marina Bay Sands casino under probe in S’pore and US: Report

SINGAPORE/NEW YORK (BLOOMBERG) -The Singapore casino of billionaire Sheldon Adelson's Las Vegas Sands Corp is being probed by the US Department of Justice over...

Broadcom suggests new iPhone launch will be delayed

NEW YORK (BLOOMBERG) - Broadcom, a major Apple supplier, suggested the latest iPhones will be launched later than usual this year. Hock Tan, chief executive...

Asia’s richest man takes on comeback kid Bharti Airtel after wireless war

MUMBAI (BLOOMBERG) - Months after billionaire Mukesh Ambani's upstart Indian wireless carrier swept into the No 1 spot, a trounced rival is mounting a...

CapitaLand opens 250m-high glass-bottom deck at Raffles City Chongqing in China

SINGAPORE - Property giant CapitaLand has opened a star feature at its Raffles City Chongqing tower in China - a glass-bottom exploration deck viewing...

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