NEW YORK (BLOOMBERG) – Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline’s ransom as evidence that crypto […]
NEW YORK (AFP) – Several of the richest Americans have paid zero income tax in some years, according to an investigative report published on Tuesday (June 8) that comes as […]
NEW YORK (AFP) – Wall Street stocks finished a choppy session little changed on Tuesday (June 8) as markets digested data showing a lower US trade deficit while upstart retail […]
SINGAPORE – The global chip shortage, which has become more pronounced in recent months, is expected to last until next year. The onset of the Covid-19 pandemic made manufacturers more […]
TOKYO (BLOOMBERG) – Japan’s economy shrank last quarter less than first reported, according to figures that come as yet another round of restrictions to contain the coronavirus threatens to prolong […]
NEW YORK (BLOOMBERG) – Tesla has parted ways with Jerome Guillen, a 10-year veteran who most recently served as president of heavy trucking and was one of four top executives […]
LONDON (REUTERS) – A group of 50 investors managing more than US$4.5 trillion (S$5.95 trillion) in assets is calling on companies involved in the development and use of facial recognition […]
WASHINGTON (REUTERS) – US tech giants could benefit from the agreement of the Group of Seven rich countries’ agreement to create a global minimum 15 per cent corporate tax rate […]
Finance ministers from the Group of Seven (G-7) rich nations reached a landmark accord last Saturday (June 5) backing the creation of a global minimum corporate tax rate of at […]
WASHINGTON (BLOOMBERG) – Treasury Secretary Janet Yellen said that President Joe Biden’s US$4 trillion (S$5.3 trillion) spending plan would be good for the US, even if it contributes to rising […]
SHANGHAI (BLOOMBERG) – Since last July, a little-known automaker in China’s south-west has dominated the world’s largest electric car market, outselling bigger players and even Tesla almost every month with […]
SINGAPORE – Equity markets continued to grind northwards despite concerns about inflation and potential tightening of monetary policies by central banks. Indeed amid signs of supply side constraints which could […]
SINGAPORE – A bitter legal battle between an Indonesian developer and United Overseas Bank (UOB) over claims that a conspiracy was hatched among buyers of units on Sentosa to inflate […]
Sometimes, the investment journey to creating a US$40 billion (S$53 billion) valuation company can begin with a missed opportunity to fund a US$100 billion firm when you could have got […]
The property market is red-hot again with people snapping up real estate left, right and centre, so it is no surprise that inquiries from home seekers about mortgages have gone […]
(BLOOMBERG) – The curriculum vitae isn’t quite what you would expect for someone who’s about to handle the finances of the mighty JPMorgan Chase. Long before Mr Jeremy Barnum was […]
(NYTIMES) – To understand why inflation is so worrying to so many people, you could look at price charts for lumber or used cars or New York strip steaks. There […]
(NYTIMES) – It was seven years ago when Waymo discovered that spring blossoms made its self-driving cars get twitchy on the brakes. So did soap bubbles. And road flares. New […]
NEW YORK (AFP) – US stocks closed out a bumpy, holiday shortened week with solid gains as a tepid jobs report eased concerns the expanding economy would force the Federal […]
SINGAPORE – Singapore’s digital banks are on track to set up shop early next year – around six months after the central bank announced its picks for the licences. Hiring […]
