Nasdaq ends 3% higher as US stocks rally again
NEW YORK (AFP) – Wall Street stocks rallied for a second straight session on Tuesday (Dec 7) as investors cheered early indications that the latest Covid-19 variant may be less […]
Trump social media deal under investigation by US regulators
BENGALURU/NEW YORK (REUTERS) – Wall Street’s top financial regulators are investigating former US President Donald Trump’s US$1.25 billion (S$1.7 billion) deal to float his new social media venture on the […]
Man who says he invented Bitcoin wins fight over $73.9 billion in the virtual coin
NEW YORK (REUTERS) – A computer scientist who has claimed to be the inventor of Bitcoin largely prevailed on Monday (Dec 6) in a Florida jury trial over whether the […]
QT Vascular shareholders vote to reject 5 would-be directors in ongoing board tussle
SINGAPORE (THE BUSINESS TIMES) – Shareholders of Catalist-listed QT Vascula on Monday (Dec 6) rebuffed five would-be directors who were up for a vote in an extraordinary general meeting (EGM) […]
Oil rebounds by almost 5% on Omicron hopes, Iran talks
NEW YORK (REUTERS) – Oil prices climbed by nearly 5 per cent on Monday (Dec 6) on hopes the Omicron coronavirus variant would have a less damaging economic impact if […]
Wall Street closes up as easing in virus fears aids rebound
NEW YORK (REUTERS) – Wall Street’s major averages closed higher on Monday (Dec 6) with economically sensitive sectors and travel-related stocks soaring as investors were encouraged by some optimistic comments […]
Hong Kong exchange to open New York office to bolster international presence
HONG KONG (BLOOMBERG) – Hong Kong Exchanges & Clearing (HKEX) plans to establish a representative office in New York to market its offerings in the United States amid increasing doubts […]
Singapore suspends crypto exchange in dispute with K-pop stars BTS, FT says
SINGAPORE (BLOOMBERG) – The Monetary Authority of Singapore has suspended Bitget, a crypto exchange that got into a dispute after promoting the digital currency Army Coin, named after the South Korean […]
Mice sector expected to rebound by 2023 following recent high-profile events
SINGAPORE – The business events sector here will rebound to pre-pandemic levels by 2023, according to the industry’s peak body. Saceos – or the Singapore Association of Convention & Exhibition […]
Investing in a time of pandemic – don’t panic and sell at the bottom
SINGAPORE – News of the Omicron variant is disrupting more than plans for that long-awaited vacation. As countries around the world shut borders, limit travel and halt reopening plans, financial […]
Choppy markets expected as Omicron unfolds and inflation persists
SINGAPORE – Inflation, rising interest rates, anaemic economic and jobs recovery, Omicron. The sum of all fears weighed heavily on the market last week, resulting in volatility not seen since […]
BlackRock, Goldman opt for China over more pricey India stocks
(Bloomberg) In a change of tone over the world’s two biggest emerging markets, global investors overseeing billions of dollars are slowly starting to favour China over India – reversing a […]
Me & My Money: A believer in creating own opportunities and fortune
It’s fine to trust your instincts when making investments but you should always check your hunches against the numbers, says entrepreneur Ong Shu Hwai. The founder and managing director of […]
Investors snap up metaverse real estate in virtual land boom
(NYTIMES) Justin Bieber performed at a live concert last month, but the show wasn’t in a stadium or arena. Like recent performances from Ariana Grande, the Weeknd and Travis Scott, […]
Inflation-proof gifts with your time and schmaltz
(NYTIMES) If groceries, petrol or cars were any part of your budget this year, inflation has hit you hard. Now perhaps you want to keep the gift budget in check. […]
Australia’s $3.3 trillion pension pot reaps dividends with ESG
(BLOOMBERG) Responsible investing is paying dividends for Australia’s A$3.4 trillion (S$3.3 trillion) pension pot. Funds seen as sustainable leaders controlled 42 per cent of the assets in the nation’s default […]
Tech shares tumble to end losing week for US stocks
NEW YORK (AFP) – The Nasdaq led Wall Street lower on Friday (Dec 3) as stocks concluded a losing week on a downcast note following disappointing results from tech highflyer […]
Supply chains, interrupted: How Singapore and the world are coping with disruptions
Retailers in S’pore race to replenish festive stocks With just three weeks to go until Christmas, retailers are racing to replenish their stocks of festive items and fighting the supply […]
S’pore set to weather disruptions but global supply chain reset a concern
SINGAPORE – Exports seem to have defied supply disruptions stemming from the pandemic but persistent stress on global supply chains may have ramifications down the line for a trade-dependent economy […]
Finance Watch: A new era in wealth management beckons
SINGAPORE – One of the biggest challenges – and opportunities – facing the wealth management industry, especially in Asia, is the transfer of inter-generational wealth. As the first-generation creators of […]