SINGAPORE (BLOOMBERG) – Binance Asia Services, the Singapore entity of Changpeng Zhao, has withdrawn its application for a license to run a cryptocurrency exchange, the company said. With that, Binance ends an effort to operate a regulated cryptocurrency bourse under the oversight of the Monetary […]

WASHINGTON (BLOOMBERG, REUTERS) – US consumer prices rose last month at the fastest annual pace in nearly 40 years, magnifying how rapid and persistent inflation is eroding pay cheques and increasing pressure on the Federal Reserve to tighten policy. The consumer price index (CPI) increased […]

SINGAPORE – A new digital-trade deal with Britain will mean Singaporeans can soon enjoy cheaper goods and services from the United Kingdom.  The two countries substantially concluded negotiations on the UK-Singapore Digital Economy Agreement on Thursday (Dec 9). The agreement, which will likely come into force […]

BEIJING (CAIXIN GLOBAL) – A new logistics behemoth in China combining five state-owned companies was launched Monday in a push by the central government to consolidate state assets. China Logistics Group, with registered capital of 30 billion yuan (S$6.43 billion), was created through a combination […]

SINGAPORE – While the severity of the new Covid-19 variant is yet to be ascertained, some of the damage is already done. The victim, as seen by the volatile swings in markets here and elsewhere, is the confidence that had been growing amid the economic […]

SINGAPORE – Short-term pressures on governments to speed up economic recoveries weighed on the outcome of COP26, the Glasgow summit on climate change, said the World Bank’s vice-president for East Asia and the Pacific Manuela Ferro. Ms Ferro, who attended the summit, said there were […]