(June 7): Singapore’s latest property tax — now one of the highest among global markets — has dented foreign demand. Foreign buyers bought 57 private apartments in May, down 50% from April, according to Savills Singapore’s analysis of data from the Urban Redevelopment Authority.

Singapore tax hike is starting to cool foreign demand for property

(June 7): Singapore banks are flushed with deposits with few options to deploy them amid a tepid lending environment. The city-state’s central bank is one avenue.

The issue was high...

Singapore banks deposit glut has DBS lending $22b to MAS

The UK’s advertising regulator is cracking down on what it considers greenwashing by fossil fuel giants. A handful of newspaper, TV and poster adverts from Shell Plc, Repsol SA and Petronas International Corp. were banned in the country for touting investments in renewable energy without mentioning the extent of each company’s polluting activities.

UK bans ‘Misleading’ fossil fuel ads that overemphasize renewables

Oil steadied amid persistent concerns over the demand outlook following a short-lived bounce on Saudi Arabia’s pledge to cut more supply. 

West Texas Intermediate futures traded below $72 a barrel after closing 0.6% lower Tuesday.

Oil Steadies as Concerns Over Demand Overshadow Saudi Output Cut

Asian stocks rose Wednesday, with hopes for stimulus in China, a positive sign in geopolitics and hints of more broad-based strength in US shares bolstering sentiment.

Benchmark indexes were higher at the open in Japan, South Korea and Australia, while futures for Hong Kong climbed 1.9% and a measure of US-listed Chinese companies jumped 3.8% overnight.

Asian equities rise with positive signs for China

(June 7): As investor concern grows over an information crackdown in China, another key data source has become mysteriously rarer: readouts from meetings of the nation’s 24 most-powerful men. 

Since President Xi Jinping secured a precedent-defying third term in October, the Co...

China’s missing Politburo statements fan diminishing data fears

US stocks gained Tuesday as a rotation into financial shares bolstered hopes the breadth of the S&P 500’s recent rally might extend beyond technology soon. 

The benchmark index rose 0.2% as a decline in Apple Inc.’s stock took the air out of a tech rally, but shares of beaten-down regional banks were higher. The KBW Regional Bank index added 5.4% while the Russell 2000 gained 2.7%.

Financials lead US stock gains; bonds slide

The World Bank on Tuesday  (June 6) raised its 2023 global growth outlook as the US, China and other major economies have proven more resilient than forecast, but said higher interest rates and tighter credit will take a bigger toll on next year's results.

World Bank cuts 2024 global growth forecast as rate hikes bite but lifts 2023 outlook

Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, chief executive Sam Altman said at a conference in Abu Dhabi.

OpenAI chief executive does not plan to take company public

The US Securities and Exchange Commission on Tuesday (June 6) sued Coinbase, accusing the largest US cryptocurrency exchange of operating illegally because it failed to first registered with the regulator.

US SEC charges crypto platform Coinbase, one day after suing Binance 

France warned that the ability of its lands and forests to absorb carbon dioxide is dwindling because of repeated droughts, tree illnesses and rising wood use.

France warns droughts are hurting forests’ ability to absorb CO2

Wall Street's main indexes slipped on Tuesday (June 6) as investors assessed odds of an interest rate pause by the Federal Reserve at its policy meeting next week, with mixed economic data adding to uncertainty around the rate path.

Wall Street slips as mixed data fuels Fed policy uncertainty

Chipotle Mexican Grill Inc will require corporate staff to be on-site four days a week, becoming yet another large company to tighten return-to-office rules.

Chipotle calls corporate staff into office four days a week

An Air India plane flying from Delhi to San Francisco was forced to divert and land at an airfield in Russia's Far East after it developed a technical issue with one of its engines, the airline said on Tuesday (June 6).

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