Bitcoin tumbles after Elon Musk implies Tesla may sell the cryptocurrency
NEW YORK (BLOOMBERG) – Mr Elon Musk continued to whipsaw the price of bitcoin, sending it to the lowest since February after implying in a Twitter exchange on Sunday (May […]
British PM Johnson condemns ‘shameful racism’ against Jews
LONDON (REUTERS) – Prime Minister Boris Johnson said on Sunday (May 16) there was no place for anti-Semitism in society and that British Jews should not have to endure “shameful […]
Market sell-off offers chance to reinvest
SINGAPORE – What a week for the markets. Concerns over rising inflation and fears that central banks could put the brakes on ultra-loose monetary policy have caused Wall Street jitters […]
Millennials to take the lead in ESG revolution
SINGAPORE – Millennials, the largest generation in history with an estimated global population in excess of two billion, are clearly a major force to be reckoned with. They have already […]
Job search pushes her to pick up tech skills
Ms Fadhillah Johari had always been interested in infocomm technology and was planning to upskill in the future, by adding data analytics and coding knowledge to her arsenal. But losing […]
Splunk’s mojo intact – ignore share slide, says CEO
A year ago investors were piling into shares of Splunk Inc, even as many other technology stocks swooned as the pandemic began to spread in the United States. These days, […]
US firms mull over compulsory Covid-19 jabs for staff
BLOOMBERG – Mondelez International, the maker of Ritz Crackers and Trident gum, wants to start welcoming workers back to office this summer, though with a caveat – they must be […]
Young and restless in US stock market
(NYTIMES) – Last year, Ms Kiersten Crum, 21, was a stock market novice. The pandemic had forced her college classes online, her father’s bar was temporarily closed and she started […]
Beware of online shopping traps
(NYTIMES) – Some things are difficult by design. Consider Amazon. The company perfected the one-click checkout. But cancelling a US$119 (S$160) Prime subscription is a labyrinthine process that requires multiple […]
Wall Street ends volatile week sharply higher
NEW YORK (REUTERS) – Wall Street closed higher in a broad rally on Friday (May 14), an upbeat conclusion to whipsaw week of buying and selling as signs of a […]
Singtel flags $1.2 billion exceptional loss in annual results, starts strategic review of two US units
SINGAPORE (REUTERS) – Singapore Telecommunications said on Friday (May 14) it expects to book a net exceptional loss of $1.21 billion in its full-year results, mostly due to impairment of […]
More ultra-rich individuals interested in setting up family offices in Singapore
SINGAPORE – Singapore’s growing status as a financial hub is luring increasing numbers of well-heeled families from across the world to set up offices here to manage their money. Experts […]
Rich families set up family offices in S’pore: What are they and how are they regulated?
SINGAPORE – Family offices come in a range of shapes and sizes but their central mission statement – to manage wealth – rarely varies. A single family office caters to […]
Passing wealth safely to future generations a key priority for rich families
SINGAPORE – Protecting their wealth and ensuring it passes safely into the capable hands of the next generation are the key factors that spur the wealthy to set up family […]
Buyout back on cards for palm oil giant IndoAgri
SINGAPORE – It is common market knowledge that commodity prices have soared over the past year. While the Bloomberg Commodities index is up around 70 per cent over the decade, […]
US jobs, inflation surprises not changing Fed plans, says top official
WASHINGTON (REUTERS) – The twin surprises of weak jobs growth and strong inflation in April has not dented the US central bank’s plans to keep its support for the economy […]
Bitcoin plunges after Elon Musk’s Tesla stops taking it for car payments over climate concerns
BENGALURU (REUTERS) – Tesla has suspended the use of bitcoin to purchase its vehicles because of climate concerns, chief executive officer Elon Musk said in a tweet on Wednesday (May […]
VF Corp, which owns The North Face and Timberland, moves global product supply HQ to S’pore
SINGAPORE – VF Corporation, which owns apparel brands such as The North Face, Timberland, Vans and Supreme, is relocating its Asia-Pacific headquarters for global product supply from Hong Kong to […]
Wall Street ends with broad sell-off on spiking inflation fears
NEW YORK (REUTERS) – Wall Street closed lower on Wednesday (May 12) with the S&P suffering its biggest one-day percentage drop since February, as inflation data fuelled concerns over whether […]
AmCham survey flags potential expatriate exodus from Hong Kong
HONG KONG (REUTERS) – More than 40 per cent of the members of the American Chamber of Commerce in Hong Kong plan to or are considering leaving the financial hub, […]