China orders ride-hailing firms Didi, Meituan to stop 'disorderly expansion'

BEIJING (REUTERS) – Chinese regulators have summoned ride-hailing giant Didi Chuxing and ten other car platforms to demand they cease “disorderly expansion” and “vicious competition” tactics, the government said on Thursday (Sept 2), amid a growing national crackdown on the tech industry. China has in recent months tightened its scrutiny of its largest tech firms in sectors ranging from e-commerce […]

Read more

Private-sector economists raise Singapore's 2021 growth forecast to 6.6%: MAS survey

SINGAPORE – Private-sector analysts have raised their forecast for Singapore’s economic growth in 2021 for the third time this year, according to the latest quarterly survey released by the Monetary Authority of Singapore (MAS) on Wednesday (Sept 1). They expect Singapore’s gross domestic product (GDP) to expand 6.6 per cent this year, slightly higher than the 6.5 per cent estimated […]

Read more

Singapore's work pass tightening may push up business costs; balance needed to draw skilled talent

SINGAPORE – Singapore will need to strike a balance between ensuring it remains entrenched as a global financial and manufacturing hub while soothing the disquiet among locals over competing for jobs with foreigners. While reiterating their commitment to Singapore and their own fair hiring practices, local and foreign companies, chambers of commerce, trade bodies and experts hoped the new employment […]

Read more

Chinese ports choke over 'zero tolerance' Covid-19 policy

BEIJING (REUTERS) – Several Chinese ports are facing congestion as vessels due to call at Ningbo are being diverted and cargo processing is slowed partly due to stricter disinfection measures under China’s “zero-tolerance” coronavirus policy. On Tuesday (Aug 17), more than 50 container vessels were queuing at Ningbo port, China’s second largest marine centre, Refinitiv data showed, up from 28 […]

Read more

Product development jobs, carbon services to emerge from S'pore's sustainability push: EDB chairman

SINGAPORE – The Republic’s push for sustainability is set to create new types of jobs in research and development, product development, related manufacturing activities and carbon services, said Singapore Economic Development Board (EDB) chairman Beh Swan Gin. The alternative proteins industry is an example of an area with much room for growth, he said. “Many of the companies setting up here […]

Read more

Beijing owns stakes in ByteDance, Weibo domestic entities, records show

SHANGHAI (REUTERS) – The Chinese government has taken stakes in Chinese entities owned by tech companies ByteDance and Sina Weibo, corporate records showed, amid a widening regulatory crackdown on the industry. News of the stakes and the board seat was first reported by The Information on Monday (Aug 16). WangTouZhongWen (Beijing) Technology, which is owned by three Chinese state entities, […]

Read more

US job growth exceeds forecast as unemployment rate falls

NEW YORK (BLOOMBERG) – US employers added the most jobs in nearly a year and the unemployment rate declined faster than forecast, showing the labour market is making more robust gains toward a full recovery as the economy strengthens. Payrolls climbed by 943,000 last month after an upwardly revised 938,000 increase in June, a Labour Department report showed Friday (Aug […]

Read more

UPDATE 2-German bonds catch safety bid, yields tumble to March low

* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices, adds new quote) MILAN, July 19 (Reuters) – German bond yields tumbled on Monday to the lowest since late-March as concerns over the economic impact of surging Delta coronavirus cases drove investors to stampede into safe-haven assets. Countries worldwide are extending or re-introducing activity curbs in response to the rising […]

Read more
1 2 3 4 5 26