More earnings, April’s big jobs report and inflation worries could swing markets in the week ahead

Traders on the floor of the New York Stock Exchange. Source: NYSE April’s jobs report and a barrage of earnings news make for another busy week for markets, as the calendar rolls into May. Stocks notched solid gains in April, as REITs, consumer discretionary names and communications services companies outpaced the broader market, all more … Read more

India could soon have another locally developed vaccine as the deadly Covid crisis shows no signs of slowing

A child runs past a wall mural depicting healthcare workers wearing face masks along a road in New Delhi, India on March 21, 2021. Sajjad Hussain | AFP | Getty Images India could soon have its second domestically developed coronavirus vaccine even as a deadly second wave shows no signs of slowing down anytime soon. … Read more

Samsung family announces plans to pay off more than $10 billion of inheritance tax

A Samsung flag (R) and South Korean national flag flutter at the company’s Seocho building in Seoul on April 28, 2021. JUNG YEON-JE | AFP via Getty Images SINGAPORE — The family of Samsung Electronics’ late chairman announced Wednesday they will be paying off a massive inheritance tax bill of more 12 trillion Korean won … Read more

HSBC beats expectations, says pre-tax profit up 79% in the first quarter

Pedestrians wearing protective masks walk past a logo displayed at a HSBC bank branch in the central district of Hong Kong. Roy Liu| Bloomberg | Getty Images HSBC, Europe’s largest lender by assets, reported first-quarter pre-tax profits that beat estimates but reported revenue was down. The London-headquartered bank, which makes most of its revenue in … Read more

India reports record Covid cases for a fifth straight day with more than 350,000 new infections

Medical staff in PPE attending to a person in the temporary Covid-19 care centre attached to LNJP Hospital, at Shehnai Banquet Hall, on April 23, 2021 in New Delhi, India. Raj K Raj | Hindustan Times | Getty Images India reported a record number of Covid-19 cases for the fifth straight day on Monday while … Read more

Singapore’s top banks could see a boost in share prices as earnings bounce back

View of the Singapore Central Business District. Suhaimi Abdullah | Getty Images News | Getty Images SINGAPORE — Singapore’s three largest banks are expected to report improved earnings as the global economy recovers from the Covid-19 pandemic, said analysts.   The banks are scheduled to release first-quarter earnings in the coming days. The largest of … Read more

Op-ed: As China forges global trade ties, U.S. risks falling behind despite early Biden wins

Chinese Premier Li Keqiang attends the signing ceremony of the Regional Comprehensive Economic Partnership (RCEP) agreement after the fourth RCEP Summit, held via video link on Nov. 15, 2020. Chinese Commerce Minister Zhong Shan signed the agreement on behalf of China. Xinhua News Agency | Xinhua News Agency | Getty Images The biggest hole in … Read more

India reports more than 330,000 new Covid cases, setting a fresh global record

India needs a brief but extensive lockdown to break the chain of coronavirus transmission and allow the medical community to recuperate, according to the national president of the Indian Medical Association. The South Asian nation is going through a disastrous second wave of Covid infections. Cases began rising in February and in subsequent months, large … Read more

Surging Covid cases globally send medical supplier stocks higher in Singapore

Latex gloves are filled with water in a watertight test room at a Top Glove factory in Selangor, Malaysia, on Dec. 3, 2015. Charles Pertwee | Bloomberg | Getty Images SINGAPORE — Shares of several medical suppliers in Singapore have jumped this month, coinciding with a renewed surge in daily global Covid-19 infections. Singapore-listed shares … Read more

Here are the 10 biggest economies in the world — before the pandemic vs. now

A child runs past a wall mural depicting healthcare workers wearing face masks along a road in New Delhi, India on March 21, 2021. Sajjad Hussain | AFP | Getty Images SINGAPORE — The Covid-19 pandemic has shaken up the ranking of the world’s largest economies after sending many countries into their worst economic recessions … Read more