Long-term approach needed for investing in China
SINGAPORE – China is top of investors’ minds as they try to understand its policy shift towards “common prosperity”. This idea is not new. Please subscribe or log in to continue […]
US stocks end at records again after good jobs report
NEW YORK (AFP) – Wall Street stocks finished a sunny week on a positive note on Friday (Nov 5), with major indices again at records following strong jobs data and […]
Airbnb profit soars on pandemic-era lifestyles
NEW YORK (AFP) – Airbnb on Thursday (Nov 4) reported record-high profit in the recently ended quarter as bookings surpassed pre-pandemic numbers, with remote work trends boosting the home-sharing platform. […]
Mystery of China’s huge US dollar surplus baffles global markets
HONG KONG (BLOOMBERG) – Unprecedented trade surpluses and record inflows into its bond market are giving China a stockpile of US dollars unseen since the days when the ‘Asian savings […]
DBS Q3 profit rises 31% to $1.7 billion, beating forecasts
SINGAPORE – DBS Group Holdings posted on Friday (Nov 5) a better-than-expected increase in third-quarter earnings on improved asset quality and higher fee income at Singapore’s largest lender. Net profit rose to $1.7 billion, […]
Bullish sentiment pushes Nasdaq, S&P 500 to records
NEW YORK (AFP) – US stocks had another healthy day of trading on Thursday (Nov 4), with the S&P 500 and Nasdaq again posting records and the Dow dipping only […]
Gojek may soon offer food delivery services
SINGAPORE – Ride-hailing firm Gojek is looking to serve up food delivery and courier services soon as part of its ambitious expansion strategy here. Gojek Singapore general manager Lien Choong […]
US stocks end at records after Fed tapering decision
NEW YORK (AFP) – Wall Street stocks finished at fresh records on Wednesday (Nov 3) following a heavily-telegraphed Federal Reserve decision to scale back its stimulus programme. For the fourth […]
How to start investing with bite-sized premiums starting as low as $1
A lack of cash is one of the biggest stumbling blocks for new investors. It can be tempting to put off investing to some indeterminate point in the future – […]
US Fed announces plan to slow its bond-buying programme
NEW YORK (NYTIMES) – Federal Reserve officials took their first major step towards withdrawing monetary policy support as the economy heals from pandemic disruptions and inflation remains sharply elevated, laying […]
UOB Q3 profit rises 57% to $1.05 billion, topping estimates
SINGAPORE – UOB’s earnings continued to rebound from last year on the back of loan growth and sustained fee income, as well as lower allowances. Singapore’s third-largest lender on Wednesday […]
OCBC Q3 profit up 19% to $1.22 billion, beating forecasts
SINGAPORE – OCBC Bank’s earnings have continued to bounce back from the troughs of the pandemic despite lingering Covid-19 uncertainties. The bank posted on Wednesday (Nov 3) a 19 per […]
China’s property developers struggle to find buyers for billions in assets
BEIJING (BLOOMBERG) – Property developers in China looking to raise badly needed cash by selling assets are finding it hard to strike deals as potential buyers in the sector hoard […]
Dow ends above 36,000 points for 1st time, extending rally
NEW YORK (AFP) – Wall Street stocks finished at records on Tuesday (Nov 2), extending a recent bullish run fuelled by strong corporate earnings ahead of a closely watched Federal […]
South Korea inflation hits near decade-high in October, raising rate hike bets
SEOUL (REUTERS) – South Korea’s consumer inflation accelerated to a near 10-year peak last month on higher costs in oil products, housing rentals and outdoor dining, putting pressure on policymakers ahead […]
Novo Tellus files for Singapore Spac IPO
SINGAPORE (BLOOMBERG) – Singapore buyout firm Novo Tellus Capital Partners has applied to list a special purpose acquisition company (Spac) with the city-state’s exchange, according to people with knowledge of […]
Singapore’s central bank ‘ready to act’ against inflation risks: Ravi Menon
SINGAPORE (BLOOMBERG) – Singapore’s top central banker has said the monetary authority is watching for signs of accelerating inflation and is ready to act, underscoring how policymakers globally are refocusing […]
Ex-construction professional now designs look and feel of bank apps
SINGAPORE – Former construction professional Andrea Lau saw how digital tools could help to simplify processes and improve lives when she was working in the industry. “I realised that it […]
At 28, computer engineer manages her own team in Singapore bank
SINGAPORE – Computer engineering major Michelle Tee knew little about banking when she joined Citi Singapore fresh out of university in 2016 under a technology analyst programme. But her leap […]
Troubles in China’s ‘Christmas town’ mean higher holiday prices
BEIJING (BLOOMBERG) – This year, the Chinese city of Yiwu – the world’s biggest hub for the manufacture of plastic reindeer, twinkle lights and other Christmas paraphernalia – is feeling […]