US stocks end volatile week on muted note
NEW YORK (AFP) – The Dow rose while the Nasdaq declined on Friday (May 21) as Wall Street closed out a volatile week on a mixed note marked by positive […]
WeWork reports quarterly loss of $2.7b ahead of public listing
BENGALURU (REUTERS) – SoftBank-backed office-sharing startup WeWork on Thursday (May 20) reported a first-quarter net loss of US$2.06 billion (S$2.74 billion), as it was hit by restructuring charges while it […]
US Treasury proposes global corporate tax of at least 15%
WASHINGTON (REUTERS) – The United States Treasury Department on Thursday (May 20) offered to accept a global minimum corporate tax of at least 15 per cent during international negotiations, a […]
Asia stocks to track US rise on economic outlook
(BLOOMBERG) – Asian stocks look set to climb Friday (May 21) after technology companies led a Wall Street rebound on economic optimism and easing concern about the possibility of reduced […]
Wall Street closes to snap 3-day losing streak as technology stocks rise
NEW YORK (REUTERS) – Wall Street’s main indexes regained their footing on Thursday (May 20) after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless […]
The future of living: Luxury smart homes, resort-style spaces and accessibility converge at this prime Tanjong Pagar address
Very few things beat living in a prime location with a rich cultural heritage and an exciting future. Unless of course, the property also comes with strong attributes that lift […]
Oil prices dive US$2 on fears of Asian pandemic, possible US rate hikes
NEW YORK (REUTERS) – Oil prices dropped over US$2 (S$2.67) a barrel on Wednesday (May 19) to their lowest in three weeks, on worries that surging Covid-19 cases in Asia […]
Asian stocks look set for mixed open, US futures dip
(BLOOMBERG) – Asian stocks looked set for a mixed open on Thursday (May 20) after United States shares dipped and Treasury yields rose in the wake of Federal Reserve minutes […]
US stocks drop after Fed minutes, crypto fall
NEW YORK (REUTERS) – Wall Street’s main indexes closed lower on Wednesday (May 19) after minutes from an April Federal Reserve meeting showed participants agreed the US economy remained far […]
New digital exchange gets MAS nod for green asset trading
SINGAPORE (THE BUSINESS TIMES) – A new kid on the block is riding on the growing popularity of digital exchanges for asset-backed tokens – but with a green finance twist. […]
QIA mulls injecting HSBC headquarters into CDL’s planned Singapore Reit: Sources
SINGAPORE (BLOOMBERG) – Qatar Investment Authority (QIA) is in talks to inject HSBC Holdings’ London headquarters building into a planned real estate investment trust (Reit) to be listed by City Developments […]
Sea to scale up digital financial services as Q1 revenue doubles to US$1.8 billion
SINGAPORE (REUTERS) – Singapore technology group Sea chairman Forrest Li said the firm would scale up its fintech offerings in South-east Asia, as the firm more than doubled revenue in 2021 […]
Wall Street closes lower on weak telecom stocks despite strong retail earnings
NEW YORK (REUTERS) – US stocks ended down on Tuesday (May 18), slumping on a sharp decline in telecom stocks and weak housing starts data that overshadowed better-than-expected earnings from […]
Covid-19 curbs will hurt stocks but also offer buying opportunities
SINGAPORE – Stock market bull runs are always a double-edged sword for investors. As prices rise, the chances of making a loss rise as well. That generates bouts of profit-taking […]
Meme stocks roar back to life with GameStop, AMC catching fire
NEW YORK (BLOOMBERG) – Day traders who have been flocking to all things crypto in recent weeks have rediscovered their zest for meme stocks. GameStop surged 13 per cent on […]
Six Credit Suisse bankers exit as post-Archegos defections mount
NEW YORK (BLOOMBERG) – A half-dozen senior Credit Suisse Group bankers have left the firm in recent weeks, the latest in a raft of defections following the implosion of Archegos […]
Amazon in talks to buy film studio MGM, says report
NEW YORK (BLOOMBERG) – Amazon.com is in discussions to acquire the nearly century-old Metro-Goldwyn-Mayer movie studio in what would be its biggest push into entertainment yet, according to news reports. MGM, […]
Jumbo opens new Tsui Wah and Kok Kee Wanton Noodle outlets amid Covid-19 curbs
SINGAPORE (THE BUSINESS TIMES) – Jumbo Group will be opening two new food and beverage (F&B) outlets for its brands Tsui Wah and Kok Kee Wanton Noodle, even in the […]
Wall St ends lower, pulled down by tech stocks
NEW YORK (REUTERS) – Wall Street stocks ended lower on Monday (May 17), weighed down by tech shares as signs of growing inflation worried investors about the potential for tighter […]
Singapore non-oil exports see slower 6% growth in April
SINGAPORE – Singapore’s non-oil domestic exports (Nodx) expanded at a slower pace in April, with growth supported by non-electronics such as petrochemicals and specialised machinery. Shipments grew 6 per cent […]