Wall Street closes with modest gains
NEW YORK (AFP) – US equities eked out modest gains on Wednesday (May 26) after a lacklustre session that saw positive corporate news dueling with lingering concerns over the global […]
Getting the formula right in growing local biomedical sector
SINGAPORE – Local diagnostics start-up BioCheetah is developing kits to help healthcare professionals quickly identify patients at high risk of having bladder cancer. Besides a kit that will speed up […]
Tolaram’s free zone invites S’pore firms to invest in Africa
SINGAPORE – If not for the fact that it is building West Africa’s largest deep water port and free trade zone, Tolaram Group would be best known as the company […]
Wall Street turns jittery, Dow closes lower
NEW YORK (AFP) – Fears about the state of the US economic recovery turned Wall Street negative at the close on Tuesday (May 25), reversing gains made in early trading. […]
Singapore’s key trade and export forecasts raised after better-than-expected growth in Q1
SINGAPORE – Official forecasts for Singapore’s key exports and overall merchandise trade have been raised, amid better-than-expected growth seen in the first quarter of 2021. Non-oil domestic exports (Nodx) are […]
Singapore maintains 4-6% GDP forecast for 2021 despite increased Covid-19 uncertainties
SINGAPORE – Singapore maintained its economic growth forecast range for this year at 4 per cent to 6 per cent, despite increased uncertainty over the economic conditions, the Ministry of […]
Central banks running out of options as recovery falters in Asia
MANILA (BLOOMBERG) – Asia’s surging coronavirus infections and slow pace of vaccinations is testing the limits of what central banks can do to further support what, until recently, had been […]
Markets: Asian stocks set to rise on easing inflation fears
(BLOOMBERG) – Asian stocks look set to rise Tuesday (May 25) after technology shares spurred a Wall Street rally as Federal Reserve officials sought to soothe concerns about inflation. Bitcoin […]
Wall Street climbs on tech gains as US Treasury yields dip
NEW YORK (REUTERS) – US stocks climbed on Monday (May 24), with the Nasdaq jumping more than 1% as a retreat in US Treasury yields helped lift expensive stocks in […]
Solar power’s decade of falling costs is thrown into reverse
SINGAPORE (BLOOMBERG) – A key selling point that made solar energy the fastest-growing power source in the world – rapidly decreasing costs – has hit a speed bump. Solar module […]
Markets: US futures dip; crypto, commodities in focus
(BLOOMBERG) – United States equity futures dipped and Asian contracts pointed to a muted start on Monday (May 24) as traders weighed the volatile slump in cryptocurrencies and the inflation […]
OCBC to grow S’pore transaction banking workforce by 50% by end-2022
SINGAPORE – OCBC Bank plans to ramp up the size of its global transaction banking workforce in Singapore, in response to a shift in the type of skills now in […]
More channelling more cash into CPF amid Covid-19 uncertainties
SINGAPORE – More people sought to tap the benefits of the Central Provident Fund (CPF) last year to stretch their savings amid the pandemic’s uncertainties. The number of members who […]
CPF team goes the extra mile to help death row inmates make nominations
SINGAPORE – Inmates on death row who wish to make their Central Provident Fund (CPF) nominations may sometimes have trouble finding witnesses to complete the process. This is where Mr […]
Me & My Career: E-sports pro game for corporate role
SINGAPORE – E-sports pro Stefan Chong had the enviable job of playing games for a living and even donned Team Singapore colours for the SEA Games in 2019, but he […]
Tech CEOs reap huge profits in stock sales
BLOOMBERG – Stock sales are reaping a windfall for the world’s richest shareholders. Corporate insiders including Amazon boss Jeff Bezos and Google co-founder Sergey Brin have ramped up stock sales […]
Faith-based investing getting popular
NYTIMES – The intersection of faith and money can be complicated. But investing by the tenets of your faith has become easier, and in many cases it’s neither less profitable […]
The big ideas of Jeff Bezos
NYTIMES – How can you tell when the bullheaded and micromanaging boss who trusts his intuition is just nuts, and when he is nuts but right? That was a question […]
US ‘national treasure’ on sale at $30m
NYTIMES – A granite-faced townhouse in the Back Bay neighbourhood of Boston was designed more than 100 years ago by artist Louis Comfort Tiffany and is seen today as the […]
Inflation tail risks worth hedging against
SINGAPORE – It is said that nothing is certain in life except death and taxes. For all of us, an invisible tax on our savings that is everywhere and always […]