Banks cashing in on ESG bonds amid climate crisis
(BLOOMBERG) – While many banks have been condemned for contributing to the climate crisis by helping fossil fuel producers raise cash in debt markets, the banking industry as a whole […]
Future of work should mean working less
(NYTIMES) – A dozen years ago, my friend Patricia Nordeen was an ambitious academic, teaching at the University of Chicago and speaking at conferences across the country. “Being a political […]
When frequent floods make insurance costly
(NYTIMES) – Climate change is going to hit the pockets of home owners who need to buy flood insurance. Starting this month, communities in Florida and elsewhere around the United […]
US stocks edge down as market digests lacklustre job gains
NEW YORK (AFP) – Wall Street stocks finished lower on Friday (Oct 8) and cut into the week’s gains, after the US government reported disappointing hiring data in September, even […]
Kindness: The surprising key to success and happiness for these industry veterans
“You seek the truth in an untruthful world… with patience in the most impatient of professions” Growing up, I was a big fan of Mr Ken Jalleh Jr. I loved […]
Samsung Electronics says Q3 profit likely highest in 3 years on rising chip prices
SEOUL (REUTERS) – Samsung Electronics said on Friday (Oct 8) its third-quarter operating profit likely rose 28 per cent to the highest in three years, helped by rising memory chip prices […]
BMW poised to snatch luxury-sales crown back from Mercedes
FRANKFURT (BLOOMBERG) – BMW’s better handling of the chip shortage has turned the tables on the global luxury sales race, positioning the company to overtake its arch-rival for the first […]
Tesla will move its headquarters to Texas, says Elon Musk
SAN FRANCISCO (BLOOMBERG) – Tesla will move its corporate headquarters to Austin, Texas, where a brand new factory for the Model Y and forthcoming Cybertruck is nearing completion. Chief executive […]
Pulled from near-bankruptcy, Oceanus now aims to be global foodtech firm
SINGAPORE – The baptism of fire when chief executive Peter Koh first took the helm at Oceanus Group came in the form of a disgruntled shareholder asking if he could […]
Relief rally in US stocks as default threat put off
NEW YORK (AFP) – Wall Street stocks rallied on Thursday (Oct 7) in a buoyant session propelled by relief at a congressional agreement that removed the near-term risk of a […]
Global interest rates set to rise along with market volatility
SINGAPORE – The latest message from the United States Federal Reserve is crystal clear – asset purchase tapering will be sooner and faster than previously thought and interest rates could […]
Evergrande backer Chinese Estates to go private after share plunge
HONG KONG (BLOOMBERG) – Chinese Estates Holdings, controlled by a long-time backer of embattled developer China Evergrande Group, offered to take the company private after the stock plunged to an […]
Companies can manage WFH fatigue by staying agile, prioritising staff well-being: Experts
SINGAPORE – Work arrangements remain in a state of flux as the pandemic wears on and authorities continue to uncover safety breaches at workplaces but companies can manage fatigue by […]
US stocks advance as default risk appears to ebb
NEW YORK (AFP) – Wall Street stocks finished modestly higher on Wednesday (Oct 6) after trading in the red most of the session as congressional Republicans offered a compromise in […]
Oil hits multi-year highs as Opec+ sticks to output plan
BENGALURU (REUTERS) – Oil prices jumped on Tuesday (Oct 5), with US crude hitting its highest since 2014 and Brent futures climbing to a three-year high, after the Opec+ group […]
Serial System chairman steps down for 24 months after ‘conditional warning’ from MAS
SINGAPORE (THE BUSINESS TIMES) – Serial System said on Tuesday (Oct 5) that its executive chairman and director, Derek Goh Bak Heng, has relinquished his directorship in the company for […]
US stocks rebound as tech shares gain
NEW YORK (AFP) – Wall Street stocks rebounded on Tuesday (Oct 5) following the prior session’s pullback as uncertainty over Washington politics and the upcoming earnings season stokes volatility. Of […]
These corporate leaders are making digital waves for collective good
So passionate is Dr Adam Chee, 43, about volunteering that he once embarked on a year-long advanced certificate in teaching English in order to better serve the beneficiaries of various […]
Bitcoin jumps, hits US$50,000 again on more institutional demand
NEW YORK/LONDON (REUTERS) – Bitcoin, the world’s largest cyrptocurrency in terms of market value, rose on Tuesday (Oct 5), passing the US$50,000 mark for the first time in four weeks […]
Tesla ordered to pay worker $185.9 million million for racism at plant
NEW YORK (BLOOMBERG) – Tesla lost a trial with a Black former elevator operator and must pay him US$137 million (S$185.9 million) for having turned a blind eye to racial […]