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Reuters

OCBC's Wong to be first woman CEO of Singapore bank
Business & Finance

OCBC's Wong to be first woman CEO of Singapore bank

  • Wong, 59, will become the first woman to head a Singapore bank and among the few to lead an Asian bank. The appointment is effective April 15.
  • Kevin Kwek, senior analyst at Sanford C. Bernstein, said that given Wong's China experience, he expects OCBC.
Published 08 Jan, 2021 07:14pm
Shares soar on hopes of global recovery, US stimulus
Markets

Shares soar on hopes of global recovery, US stimulus

  • Nikkei hits 30-year high.
  • Hopes for vaccines, US stimulus turbocharge sentiment.
  • Chinese telcos lose $5.6 bln in value after index drop.
  • Bitcoin touches fresh all-time high.
  • Investors await US non-farm payrolls data.
  • Dollar rises on recovery expectations.
  • 10-year Treasury yields hit highest since March.
Published 08 Jan, 2021 07:11pm
Swiss expect gradual improvement in job market during 2021
World

Swiss expect gradual improvement in job market during 2021

  • Companies almost immediately stopped hiring last March after the first government restrictions, triggering a rise in unemployment throughout the year.
  • "Short-time working has allowed companies to deal with the crisis and make plans for the future," he told a news conference in Bern.
Published 08 Jan, 2021 07:08pm
Tanzania's president asks China to forgive some outstanding debts
World

Tanzania's president asks China to forgive some outstanding debts

  • Magufuli said he had presented the request to visiting Chinese Foreign Minister Wang Yi.
  • He will get our request to China so that they can see how they can forgive our debts because according to their concession laws it is very difficult to forgive debts.
Published 08 Jan, 2021 07:01pm
Bird flu outbreak dents chicken sales in India, hits farmers
World

Bird flu outbreak dents chicken sales in India, hits farmers

  • Broiler chicken prices have fallen to 60 rupees ($0.8192) a kg from around 90 rupees a week ago.
  • The industry might see some temporary disruption, but we don't see this to be a long term phenomenon and this might correct itself in a period of 15-20 days.
Published 08 Jan, 2021 06:57pm
Britain approves Moderna's COVID-19 vaccine for use
World

Britain approves Moderna's COVID-19 vaccine for use

  • Three COVID-19 vaccines have now been approved for use in Britain, with Pfizer/BioNTech's shot and one developed by Oxford University and AstraZeneca already being rolled out.
  • We have already vaccinated nearly 1.5 million people across the UK and Moderna's vaccine will allow us to accelerate our vaccination programme
Published 08 Jan, 2021 06:54pm
Dollar holds above 2018 lows ahead of US jobs report
Markets

Dollar holds above 2018 lows ahead of US jobs report

  • The greenback bounced off a nearly three-year low on Thursday as a rise in US yields triggered some unwinding of bearish bets on the currency.
  • I think once this euphoria dies down, the dollar is likely to resume its downtrend trend, because I don't think the Fed will be so eager to taper.
Published 08 Jan, 2021 06:48pm