US stocks end volatile week on positive note
NEW YORK (AFP) – Wall Street stocks rose on Friday (April 23) to finish a volatile week on a positive note following strong new home sales data. New home sales […]
Grab’s record Spac deal could make CEO Anthony Tan a billionaire
SINGAPORE (BLOOMBERG) – The Spac boom may be deflating after more than a year of frenzy, but it’s still creating vast riches for the right deals. Take Grab Holdings, South-east […]
SNEF using digitalisation to help transform retail sector
SINGAPORE – Mid-career job seekers looking to work at retailers that are integrating online and offline platforms, and firms in need of workers with such skills will soon be able […]
Blackstone bets billions on reopening and travel revival
NEW YORK (BLOOMBERG) – Blackstone Group is doubling down on a post-Covid 19 economic recovery, investing heavily in businesses that will benefit from a world that’s gradually reopening. New York-based […]
Citi retail units seen fetching US$6 billion as sales kick off
(BLOOMBERG)- Citigroup could fetch as much as US$6 billion from the sale of retail banking assets in 13 markets across the Asia-Pacific region, Europe and the Middle East as the […]
Will Sam Goi’s bid to run Hanwell end well?
SINGAPORE – The upcoming annual general meeting of mainboard-listed food and consumer goods distributor Hanwell Holdings could see fireworks if there is a tussle between two leading shareholders to take […]
US stocks tumble on worries over Biden tax hike proposal
NEW YORK (AFP) – Wall Street stocks finished solidly lower on Thursday (April 22) following reports the White House will propose a steep increase in capital gains taxes on wealthy […]
Japanese banking giant MUFG weighs cutting Americas office space for hybrid-work era
NEW YORK (BLOOMBERG) – Mitsubishi UFJ Financial Group (MUFG) is considering ways to reduce its real estate footprint in the Americas while preparing for a post-pandemic world in which many […]
Billionaire James Dyson switches residency back to UK from Singapore
LONDON (BLOOMBERG) – James Dyson has switched his residency from Singapore to the UK, reversing a move he made about two years ago after his technology firm revealed plans to […]
ESG investments in demand, especially among millennials
SINGAPORE – The Covid-19 pandemic is driving the demand for ESG (environmental, social and corporate governance) investments. Increased awareness of climate change issues and changing investor preferences are key factors […]
$250,000 green loan a boost for small firm working on project to set up Facebook facility
SINGAPORE – The Covid-19 pandemic dealt a major blow to Bestcoat Contract Services last year as the firm struggled to stay afloat following months of being shut and having zero […]
Saving the environment one rooftop at a time with solar energy
SINGAPORE – There are small steps people can take to reduce their carbon footprints. That is what Mr Chong Chieh Tseng, 43, thought when he decided to install solar panels […]
DBS buys 13% stake in Shenzhen bank for $1.08 billion as it ‘doubles down’ on China’s Greater Bay Area
SINGAPORE – DBS Group has agreed to buy a 13 per cent stake in privately-owned Shenzhen Rural Commercial Bank (SZRCB) for 5.29 billion yuan (S$1.08 billion), part of its plan […]
Singapore is Asia’s highest-ranking country on WEF’s energy transition list
SINGAPORE – The World Economic Forum ranked Singapore ahead of all Asian countries in its Energy Transition Index (ETI) 2021 that reflects the progress towards a more inclusive, sustainable, affordable […]
Grab’s path to success built on strong culture, unwavering focus on South-east Asia
SINGAPORE – The idea for Singapore-headquartered Grab Holdings first took root in 2011 when co-founders Anthony Tan and Tan Hooi Ling came up with the mobile app MyTeksi while at […]
When social influence gets monetised into crypto exchange
SINGAPORE – Earlier this month, a Facebook post and tweet by Prime Minister Lee Hsien Loong made waves among investors and social media influencers. He had asked for his name […]
US stocks fall again, shrugging off good results
NEW YORK (AFP) – Wall Street stocks tumbled for a second straight session on Tuesday (April 20) despite a mostly strong batch of earnings, suggesting the market rally is running […]
United Airlines outlines traffic needed for profit as losses pile up
NEW YORK (BLOOMBERG) – United Airlines Holdings spelled out the travel milestones needed for a return to profitability after posting a bigger-than-expected loss in the first quarter and offering limited […]
Wall Street slips off record highs; Tesla drops after fatal crash
NEW YORK (REUTERS) – US stocks closed lower on Monday (April 19), slipping from last week’s record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while […]
Citi’s 13-market exit a strategic matter of survival in era of digital disruption
SINGAPORE – American banking giant Citigroup raised eyebrows last week when it said it would exit 13 consumer markets. Under new chief executive Jane Fraser, Citi has decided it will […]