HONG KONG (BLOOMBERG) – Hong Kong tycoon Li Ka-shing’s private investment firm Horizons Ventures will make South-east Asia a priority, with the region’s digital economy booming as the pandemic drives […]
SINGAPORE – OCBC beat market expectations on Friday (May 7) as its first-quarter profit more than doubled on the strong performance of its wealth and insurance businesses and lower allowances for bad […]
WASHINGTON (AFP) – US stocks finished higher on Thursday (May 6), after the Labour Department reported fewer new claims for unemployment benefits last week as the economy bounces back from […]
SINGAPORE – Singapore Press Holdings (SPH) on Thursday morning (May 6) called for a halt in the trading of its shares pending the release of an announcement. The filing with […]
SINGAPORE – UOB, like DBS Group last week, posted a strong start to 2021 with broad-based growth driven by record fee income. Singapore’s third-largest bank topped market forecasts, recording an […]
NEW YORK (NYTIMES) – Uber said its business was recovering from the slowdown caused by the Covid-19 pandemic, although it continued to lose money. The company said on Wednesday (May […]
NEW YORK (BLOOMBERG) – Jeff Bezos sold about US$2.5 billion (S$3.3 billion) of Amazon.com stock, his first big disposal this year after offloading more than US$10 billion worth of shares […]
BENGALURU (REUTERS) – Archegos Capital Management, the family office run by former Tiger Asia manager Bill Hwang, is preparing for insolvency as banks involved in financing its trades seek to […]
NEW YORK (REUTERS) – General Electric shareholders rejected top executives’ compensation packages, including a payout of as much as US$230 million (S$307 million) to CEO Larry Culp, at the industrial […]
LONDOM (BLOOMBERG) – Ikea is offering to pay UK consumers for their unwanted items in a bid to lower waste headed to landfills. The Swedish furniture retailer will allow returns […]
WASHINGTON (AFP) – US interest rates may have to increase “somewhat” to keep a lid on inflation if President Joe Biden’s latest spending proposals are enacted and the economy heats […]
NEW YORK (REUTERS) – The Nasdaq ended sharply lower on Tuesday (May 4) as investors dumped megacap growth stocks to seek shelter in more defensive parts of the market, amid […]
SINGAPORE – The world’s first real-time payment system between Singapore and Thailand is a key milestone in the journey towards a fully paperless and cashless economy, which will lower the […]
NEW YORK (BLOOMBERG) – The semiconductor shortage has slashed vehicle production so much that rental-car companies can’t get the new cars they need, so they have resorted to buying used […]
SINGAPORE (REUTERS) – Cryptocurrency ether extended gains to another record peak on Tuesday (May 4), after breaking above US$3,000 (S$3,988) for the first time a day earlier as investors bet […]
NEW YORK (NYTIMES) – For years, perhaps the biggest question that investment guru Warren Buffett has faced is who is in line to replace him as chief executive of Berkshire […]
OAKLAND, California (REUTERS) – The chief executive of “Fortnite” creator Epic Games testified on Monday (May 3) that he knew he was breaking Apple’s App Store rules by putting Epic’s […]
BENGALURU (REUTERS) – Payments firm Flywire on Monday (May 3) made its paperwork for a US listing public and revealed a 38 per cent surge in revenue in the latest […]
NEW YORK (BLOOMBERG) – Robinhood Market’s largest source of revenue – payment for order flow – more than tripled in the first quarter as the trading app became immensely popular […]
SINGAPORE (REUTERS) – Cryptocurrency ether hit a record high on Monday (May 3) to trade within a whisker of US$3,000 (S$3,990), extending last week’s rally in the wake of a […]
