Bloomberg

Geopolitics

Which country wields most power in Asia? US leads but China is catching up

China is closing in on the US as the most powerful country influencing the Asia-Pacific, as America’s handling of the Covid-19 pandemic tarnishes its reputation, a study showed.

Gold

Asia money managers buy gold, China stocks to hedge US election

Money managers in Asia are deploying a range of traditional and unconventional strategies to cushion any losses as they brace for turbulence in the lead-up and aftermath of the US presidential elec

UOB initiates 'buy' on iFAST with target price of $3.34 - THE EDGE SINGAPORE

Broker's Calls

UOB initiates 'buy' on iFAST with target price of $3.34

iFAST Corporation’s rapid growth of asset and wealth management in Asia have led UOB Kay Hian analyst Clement Ho to initiate “buy” on the company and a target price of $3.34.

Company in the news

Bytedance moving to bigger Singapore office amid expansion plan

ByteDance Ltd., the Chinese owner of video app TikTok, is moving to a bigger office in Singapore’s financial district, paving the way for it to make the city-state its beachhead for the rest of Asi

Global Economy

IMF meets with global economy in historic recession

The guardians of the global economy will gather this week under the cloud of the worst recession since the Great Depression, and a recovery dependent on scientists finding a coronavirus vaccine.

Covid-19

Indonesia revises rule on entry ban for Singapore travel: Kompas

Indonesia is revising a rule banning foreigners from entering the country, as it discusses opening a travel corridor for essential business purposes from Singapore, according to Kompas.

Company in the news

Singapore businessman charged with $761 mil Wirecard fraud

Singapore authorities charged the director of a local accounting firm with fraud for falsely claiming his company held 475.5 million euros ($761.19 million) on behalf of disgraced German payments b

Company in the news

Rolls-Royce ends talks with Singapore, Kuwait funds: Sky

Rolls-Royce Holdings Plc ended talks to raise 500 million pounds ($881.79 million) from sovereign funds in Singapore and Kuwait and will instead seek to raise 2 billion pounds from existing shareho

Company in the news

Japfa weighs selling Indonesian dairy unit Greenfields

Japfa Ltd. is weighing a sale of its Indonesian dairy unit and could seek as much as US$500 million ($684.56 million) from the deal, according to people with knowledge of the matter.

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