January 20, 2021

Info IEC

Business & Finance Information

Month: December 2020

A hedge fund that owns a big stake in

Tribune Publishing Co.


TPCO 0.31%

is seeking to buy the newspaper chain behind titles including the Chicago Tribune and New York Daily News, according to people familiar with the matter.

Alden Global Capital LLC, which is already Tribune’s largest shareholder with a 32% stake, could disclose an offer for the company as soon as Thursday, the people said. Details of the potential bid couldn’t be learned.

Tribune has a market value of roughly $470 million after a yearslong slide as the prospects for local newspapers dim. Its shares are little changed

Thu, Dec 31, 2020 – 10:40 AM

SINGAPORE’s bank lending ticked up 0.2 per cent in November to reverse an eight-month decline, according to preliminary data from the Monetary Authority of Singapore (MAS) on Thursday.

Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – stood at S$676.67 billion in November, compared with S$675.64 billion in October.

Loans to businesses came in flat at S$418.36 billion, while consumer loans rose 0.4 per cent month on month to S$258.31 billion.

From a year ago, total business loans in November fell 2.7 per

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Oxford-AstraZeneca Covid vaccine approved by UK regulator 

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[HONG KONG] Even if you resent China for being the epicentre of Covid-19, you’ve got to admire Beijing’s leadership skills. Less than a year after the pandemic erupted, life is back to normal, while Europe and the US are still struggling. The country is now the world’s shining economic outlier.

Many good things can be said about China. Wearing a mask isn’t a political debate. Bureaucrats take virus testing so seriously that some measures go overboard.

The central bank resisted the temptation to take the cheap, zero-rate shortcut to boost the economy, and is opening financial markets. No wonder yield-hungry

The Christmas Day bombing in Nashville hit a weak point in telecommunications infrastructure, disrupting phone and internet service for days and underscoring a key risk for increasingly digitized businesses.

A recreational vehicle exploded in front of an

AT&T Inc.

switching station, knocking out a central node that directs data from users and businesses across telecom systems. The incident, information technology experts and executives say, highlights how a terrorist attack, natural disaster or cyber incident can do widespread economic damage should it hit such a location.

“The way the networks are developed across the U.S. leads them to be susceptible to

Beijing

CHINA’S currency has been rising for the past six months, with analysts expecting more appreciation of the yuan well into 2021.

Since May, the yuan has gained more than 10 per cent against the US dollar. Capital inflows are coming in on the back of the promise of higher…

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