SYDNEY (REUTERS) – Australia’s Crown Resorts said on Monday (April 19) it will assess a A$3 billion (S$3.09 billion) offer by US private equity firm Oaktree Capital to buy James […]
SINGAPORE (BLOOMBERG) – Bitcoin plunged the most in more than seven weeks, just days after reaching a record. The biggest crypto coin fell 8.5 per cent to US$55,810.32 (S$74,480) as […]
SINGAPORE (BLOOMBERG) – TE Asia Healthcare Partners, backed by private equity firm TPG Capital, expects to achieve a valuation of US$1 billion (S$1.33 billion) in five years as it expands […]
SINGAPORE (BLOOMBERG) – Deutsche Bank is replacing its global pricing engine for emerging-market currencies in London with one in Singapore, drawn by surging trading in Asia and the increasing importance […]
SINGAPORE – As if low interest rates and massive liquidity injections were not enough, equity markets look set to be further fuelled by blowout corporate first-quarter results. On Wall Street, […]
A review is under way to see if it is necessary to ring-fence consumers from overspending on “buy now, pay later” (BNPL) schemes. BNPL schemes have gained prominence over the […]
Remember the picture of Muhammad Ali lighting the Olympic flame at the Atlanta Games? The famously swift hands that mesmerised the world and knocked out many a doughty boxer now […]
(NYTIMES) – The Wall Street Journal is a rarity in 21st-century media: a newspaper that makes money. A lot of money. But at a time when the United States population […]
(BLOOMBERG) – When Ms Pam Hendrickson went into labour at a New York hospital three decades ago, she still had to take a call to sort out a problem at […]
(NYTIMES) – Billionaires in the US have had a pretty good pandemic. There are more of them than there were a year ago, even as the health crisis has exacerbated […]
NEW YORK (AFP) – Wall Street saw no reason to stop rallying as the US economy pulls out of its downturn, lifting the Dow and S&P 500 to their second […]
LONDON (REUTERS) – Over 400 financial firms in Britain have shifted activities, staff and a combined £1 trillion (S$1.84 trillion) in assets to hubs in the European Union due to […]
NEW YORK (BLOOMBERG) – Special-purpose acquisition companies (Spacs) may have become the hottest must-have for business tycoons, celebrities and even athletes, but old-school initial public offerings (IPOs) have quietly outperformed […]
NEW YORK (BLOOMBERG) – As Citigroup simplifies its sprawling businesses, new chief executive officer Jane Fraser is reaching for a familiar playbook: her own. Ms Fraser, who rose to the top […]
NEW YORK (BLOOMBERG) – JPMorgan Chase & Co sold US$13 billion (S$17.35 billion) of bonds on Thursday (April 15), the largest deal ever by a bank, taking advantage of some […]
NEW YORK (AFP) – Wall Street stocks shot to fresh records on Thursday (April 15) following blowout earnings from large banks and strong US economic data showed the recovery picking […]
SAN FRANCISCO (NYTIMES)- Digital currency, once mocked as a tool for criminals and reckless speculators, is sliding into the mainstream. Traditional banks are helping investors put their money into cryptocurrency […]
OTTAWA (REUTERS) – Three of e-commerce platform Shopify’s seven top executives will be leaving the company in the coming months, chief executive officer and founder of Canada’s most valuable company […]
NEW YORK (BLOOMBERG) – Bernard Madoff’s death in prison on Wednesday (April 14) doesn’t change much for his victims, many of whom are still waiting to be made whole on […]
BENGALURU (REUTERS) – Qantas Airways on Thursday (April 15) boosted its capacity outlook for the domestic market, forecasting it would reach 90 per cent of pre-pandemic levels during the current […]
