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ByteDance to hand out cash bonuses to staff amid US pressure on TikTok

TikTok owner ByteDance said on Tuesday it would hand out cash bonuses to employees working to help it "overcome challenges posed by the COVID-19 pandemic and changing macro environment".

Markets

German business group: It’s hardly possible to legally stop Nord Stream 2

It is almost impossible to halt the Nord Stream 2 gas pipeline from Russia to Germany from a legal perspective, the head of the German Eastern Business Association told Deutschlandfunk radio on Tuesday.

Markets

US shale producers race for federal permits ahead of presidential election

Oil producers in the top U.S. shale fields are stockpiling drilling permits on federal land ahead of the November U.S. presidential election, concerned that a win by Democratic candidate Joe Biden could lead to a clamp-down on oilfield activity.

Markets

Exclusive: Exxon downsizes global empire as Wall Street worries about dividend

Ill-timed bets on rising demand have Exxon Mobil Corp facing a shortfall of about US$48 billion through 2021, according to a Reuters tally and Wall Street estimates, a situation that will require the top U.S. oil company to make deep cuts to its staff and projects.

Markets

New chartered fintech professional qualification to groom Singapore, China talent

A NEW Chartered FinTech Professional (CFtP) qualification will be introduced to develop fintech professionals in Singapore and China, and build a sustainable pipeline of international fintech talent.

Markets

Australian watchdog to examine competition between Apple and Google app stores

Australia's competition regulator on Tuesday said it would look into the use of and sharing of data by apps and the extent of competition between Apple Inc's and Google's app stores.

Markets

DBS rolls out savings and healthcare solutions for gig workers

SINGAPORE'S largest bank DBS has rolled out financial and healthcare solutions to help hard-hit gig economy workers better manage their savings and healthcare costs amid the pandemic.

Markets

US considering ban on cotton from Xinjiang region of China over rights concerns: Report

NEW YORK: The administration of US President Donald Trump is weighing a ban on some or all products made with cotton from the Xinjiang region of China over alleged human rights violations, the New York Times reported late on Monday (Sep 7). The potential ban, which could be announced...

Markets

Logos prices S$120m three-year guaranteed notes at 6%

LOGOS Holdco Pte Ltd will issue at par S$120 million in three-year senior unsecured notes.

Markets

World shares rebound, try to shake off US tech rout scare

U.S. stock futures and Asian shares regained some footing on Tuesday following a small bounce in European shares as investors looked to whether high-flying U.S. tech shares could recover from their recent rout.

Markets

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