Contact-free digital payments see big jump with Covid-19
SINGAPORE – More people are turning to digital payments amid Covid-19, with the volume of PayNow transactions set to far surpass that of last year. It has already hit $64 […]
Omicron risks likely to keep markets volatile as economies recover
SINGAPORE – Two important data points from last week confirm that, overhanging fears of Omicron aside, economic growth is starting to pick up. First, US weekly jobless claims tumbled during […]
Thinking of retiring now? Here are 5 things to consider
SINGAPORE – One of the first things you should ask yourself is whether you are financially ready for retirement based on your lifestyle and commitments. Please subscribe or log in […]
Three ways to invest in your employees in 2022
Customer second, employees first. That is the adage of Sir Richard Branson, founder and chairman of the Virgin Group. A Gallup report says employees who are engaged are more likely […]
Is Big Tech stocks’ super power a myth?
(BLOOMBERG) – Stocks similarly powered by size and growth factors can match or outperform them: Study Many Wall Street careers have been built touting the exceptional capacity of Big Tech […]
Beijing’s bid to rival US as debt haven at risk after crackdowns
(BLOOMBERG) – To a world full of fixed-income investors starved of safe assets with attractive yields, China’s government bonds had become a tempting sight in recent years. However, red flags […]
Never mind how Omicron blows, no shortage of economic forecasts
(NYTIMES) – The Omicron variant of the coronavirus could be dangerous enough to disrupt the lives of virtually everyone on the planet. Or it could represent a blip in a […]
Wall Street gains, S&P hits record closing high as CPI meets expectations
NEW YORK (REUTERS) – Wall Street advanced on Friday (Dec 10) and the S&P 500 notched an all-time closing high, as market participants digested an inflation reading that was in […]
Play-to-earn blockchain games rising in popularity in Singapore
SINGAPORE – When Mr Sathyaraj Vijaya Thever earned $300 to $400 worth of digital tokens in a month by playing a blockchain game for three hours a day, a light […]
Singaporeans lose over $100,000 to new crypto gaming craze
SINGAPORE – About 20 police reports have been made against a Singaporean named as the chief marketing officer of a play-to-earn game that has allegedly cost local players more than […]
Evergrande: The rise and fall of China’s property giant
BEIJING (AFP) – Chinese real estate behemoth Evergrande on Thursday defaulted on its debt, said the Fitch Ratings agency, which cited the crisis-hit developer’s failure to make repayments on more […]
Oil drops as China developer downgrades add to fears over Omicron hit
BENGALURU (REUTERS) – Oil prices settled lower on Thursday (Dec 9) on fears about the economic outlook in the world’s biggest oil importer following ratings downgrades to two Chinese property […]
China’s smaller firms face unpaid bills due to housing slump
BEIJING (BLOOMBERG) – The defaults and slow-moving crises of companies in China’s property sector is not just hurting bond-holders and people waiting for their apartments – thousands of small suppliers […]
Wall Street equities end lower after three-day rally
NEW YORK (AFP) – US stocks took a breather from this week’s stretch of gains on Thursday (Dec 9), with two of the three main indices closing with solid losses […]
Kickstarter will move its crowdfunding platform to blockchain
NEW YORK (BLOOMBERG) – For more than a decade, Kickstarter has convinced the public to pay people to follow through on their ideas to build a gadget, make a film […]
Barclays to build up Singapore private banking business in Asia push
LONDON (BLOOMBERG) – Barclays plans to make key hires in investment banking and wealth management across Asia next year as the British lender plots its return to some of the […]
Google to give staff additional bonus this year
BENGALURU (REUTERS) – Alphabet’s Google said on Wednesday (Dec 8) it will give an additional bonus to its employees globally this year, as the tech giant pushes back its return-to-office […]
Tencent leads $95m round in Singapore-based digibank firm
SINGAPORE (BLOOMBERG) – Tyme, a Singapore-based digital-banking firm, raised US$70 million (S$95.3 million) in a funding round led by billionaire Pony Ma’s Tencent Holdings to boost investment in South Africa […]
China’s bid to rival US as debt haven at risk after crackdowns
TORONTO (BLOOMBERG) – To a world full of fixed-income investors starved of safe assets with attractive yields, China’s government bonds had become a tempting sight in recent years. However, red […]
Apple’s iPhone 13 production fell 20% in Sept-Oct: Nikkei
TOKYO (BLOOMBERG) – Production of Apple’s flagship iPhone 13 smartphones fell 20 per cent short of previous plans in September and October, Nikkei reported on Wednesday (Dec 8), citing sources […]