Offering financial know-how to graduates
(NYTIMES) – With financial adulthood comes a series of firsts – apartments, loan payments and other complex decisions, all made while rent is high and starting pay cheques are low. […]
Smaller activewear brands a hit among female athletes
(NYTIMES) – Athleta, the activewear brand for women and girls owned by Gap, had never sponsored an athlete when it approached six-time Olympic champion sprinter Allyson Felix in 2019. The […]
LV handbags still the rage in pandemic
(BLOOMBERG) – The demand for popular designer handbags is very strong even though people are staying home more these days. Sales of Louis Vuitton handbags and the easing of coronavirus […]
US economy recovers, but faces fresh challenges
(NYTIMES) – The US economy climbed out of its coronavirus-induced hole in the spring as vaccinations and federal aid fuelled a surge in consumer spending at restaurants, resorts and retail […]
New-age condos with ‘spiritual’ services
(NYTIMES) – The Jardine apartments in Los Angeles have all the trappings of modern luxury living: touchless lifts, a rooftop gym and a pool with private cabanas. And then there’s […]
Dow, S&P 500 end at records after strong US jobs data
NEW YORK (AFP) – The Dow and S&P 500 finished at fresh records on Friday (Aug 6), but the Nasdaq fell as markets weighed strong US jobs data and the […]
ByteDance lays off hundreds after China’s tutoring crackdown
HONG KONG (BLOOMBERG) – TikTok-owner ByteDance has laid off hundreds of employees as the social giant shuts down a significant part of its online education businesses to comply with Beijing’s […]
Ethereum founder says upgrade sets stage for energy usage cut
LOS ANGELES (BLOOMBERG) – The most significant change to the Ethereum blockchain since 2015 that went into effect on Thursday (Aug 5) shows the network is well-poised to make an […]
Singapore sets sights on becoming world force in e-sports
SINGAPORE (BLOOMBERG) – Singapore may not compete for gold in many Olympic events, but the city-state is emerging as a force in a different kind of sport: mobile and video […]
S&P 500, Nasdaq end at fresh records
NEW YORK (AFP) – Wall Street stocks rallied on Thursday (Aug 5), lifting the S&P 500 and Nasdaq to fresh records following improving jobless claims data ahead of the key […]
Penny stock Heeton is bigger than it seems
SINGAPORE – Penny stocks are classified by many definitions. Some folks see them as small-cap issues with a market capitalisation of between $50 million and $100 million. Others classify them […]
Hong Kong’s ESR to buy real estate fund manager ARA Asset for $7 billion
BENGALURU (REUTERS) – Hong Kong-based ESR Cayman will buy the entire share capital of real estate fund manager ARA Asset Management for US$5.2 billion (S$7 billion), the companies said on […]
Robinhood surges 50% in frenzied trading, as investors scoop up ‘the meme of memes’
BENGALURU (REUTERS) – Shares of Robinhood Markets rose more than 50 per cent on Wednesday (Aug 5) during a wild trading session as investors scooped up shares after its underwhelming […]
DBS Q2 profit up 37% to $1.7 billion; quarterly dividend raised to 33 cents
SINGAPORE – DBS Group Holdings posted on Thursday (Aug 5) a 37 per cent jump in second-quarter net profit to a quarterly record of $1.7 billion amid higher fee income […]
US stocks weighed down by lacklustre hiring data
NEW YORK (AFP) – Wall Street stocks mostly fell on Wednesday (Aug 4) following lacklustre hiring data that offset other strong economic reports, exacerbating worries that the US recovery from […]
China’s latest Covid-19 outbreak threatens to derail consumer recovery
BEIJING (BLOOMBERG) – China’s broadest Covid-19 outbreak since the beginning of the pandemic in late 2019 is hampering tourism and spending during the peak summer holiday, adding another risk to […]
OCBC Q2 profit up 59% to $1.16 billion; dividend boosted to 25 cents a share
SINGAPORE – OCBC Banks’s earnings continued to rebound from last year as it posted on Wednesday (Aug 4) a 59 per cent increase in second-quarter net profit to $1.16 billion […]
UOB Q2 profit up 43% to $1.01 billion; dividend raised to 60 cents per share
SINGAPORE (THE BUSINESS TIMES) – UOB’s net profit for its second quarter rose 42 per cent, as more economies reopened and as it posted lower credit allowance, it said on […]
Tencent shares plummet on fears of China gaming crackdown
SHANGHAI (REUTERS) – China’s Tencent Holdings said on Tuesday (Aug 3) it would further curb minors’ access to its flagship video game, hours after its shares were battered by a […]
StanChart reinstates payouts but income drop signals challenges ahead
HONG KONG (REUTERS) – Standard Chartered reported a higher than expected 57 per cent jump in first-half profit and US$350 million (S$472.9 million) worth of shareholder payouts, but a fall […]