Drawing out value of digital art through non-fungible tokens
SINGAPORE – If we were to list the most used keyboard functions in the world, copy and paste is bound to feature among the top few: Ctrl-C, Ctrl-V, and there […]
WeWork to go public through Spac deal with $12 trillion valuation
NEW YORK (AFP) – WeWork announced on Friday (March 26) it plans to enter public markets through a merger transaction that raises US$1.3 billion (S$1.75 billion), valuing the office-sharing firm […]
Greensill Capital files for Chapter 11 bankruptcy in New York
NEW YORK (BLOOMBERG) – Greensill Capital filed for Chapter 11 bankruptcy protection for its US unit in New York, as another part of Lex Greensill’s trade finance empire seeks safety […]
Deliveroo strikes to precede London share listing
LONDON (AFP) – The meal delivery platform Deliveroo is bracing for strikes and other social actions by disgruntled riders as it gears up for a major London stock listing. Tipped […]
New York Times turns a column into an NFT and sells it for US$560,000
NEW YORK (BLOOMBERG) – The New York Times sold an article tied to an NFT, or nonfungible token, for about US$560,000 (S$755,000), another sign of the red-hot market for digital […]
Oil prices drop 4% as new lockdowns undermine hopes for economic recovery
NEW YORK (REUTERS) – Oil prices fell 4 per cent per barrel on Thursday (March 25), extending a string of market weakness on renewed lockdowns in Europe and Asia to […]
Suez Canal container ship incident a reminder of global trade’s vulnerabilities
SINGAPORE – Just when global sea shipments seem to be starting to flow again, an event at the key Suez Canal literally and figuratively threatens to put a choke-hold on […]
Undervalued Hong Fok a stock to consider for the long term
SINGAPORE – Would you pay $1 for an asset worth $4? Of course you would. The folks at listed property group Hong Fok Corporation have been doing precisely this, perfectly […]
S&P 500 slips as tech stocks pull market lower
NEW YORK (REUTERS) – The S&P 500 closed lower on Wednesday (March 24) as optimism about the economic recovery by Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen […]
Stranded Suez Canal ship’s owner, insurers face millions in claims
LONDON (REUTERS) – The owner and insurers of one of the world’s largest container ships stuck in the Suez Canal face claims totalling millions of dollars even if the ship […]
Capturing the decarbonisation investment opportunity
The world is at a tipping point as far as climate change is concerned. Research released in early 2020 by NASA – the United States’ National Aeronautics and Space Administration […]
US companies in Asean expect drop in revenue contribution, but eager to continue investing
SINGAPORE – American companies based in Asean are expecting a drop in revenue contributions to businesses in the near term, a poll by the American Chamber of Commerce in Singapore […]
Young investors taking on lots of risk, UK regulator warns
LONDON (AFP) – A new generation of young consumers, often influenced by social networks and using trading apps, are plumping for high-risk investments, Britain’s financial markets regulator warned on Tuesday […]
Robinhood, at the heart of retail trading frenzy, files for IPO
BENGALURU (REUTERS) – Robinhood Markets, the online brokerage at the centre of the historic retail trading frenzy that gripped Wall Street this year, has confidentially submitted plans to regulators for […]
Shelved IPOs surge in China after watchdog tightens scrutiny
SHANGHAI (BLOOMBERG) – Chinese firms have flocked to pull planned initial public offerings (IPOs) this year after regulators moved to tighten requirements to protect investors and safeguard financial stability. A […]
Intel to spend US$20b on US chip plants as CEO challenges Asia dominance
SAN FRANCISCO (REUTERS) – Intel will greatly expand its advanced chip manufacturing capacity as the new chief executive announced plans to spend as much as US$20 billion (S$26.9 billion) to […]
DBS joins global banks surrendering office space in Hong Kong
HONG KONG (BLOOMBERG) – DBS Group Holdings is set to join UBS Group and other global banks giving up office space in pricey Hong Hong with so many staff still […]
Think Covid’s messed up your travel plans? Try getting into China
BEIJING (NYTIMES) – Leave your partner and children behind. Quarantine for up to a month. Get inoculated with a Covid-19 vaccine from China, if you can find one. And prepare […]
Microsoft to reopen HQ, step up in-person work worldwide
WASHINGTON (AFP) – Microsoft said Monday it would start reopening its headquarters offices next week and implementing a “hybrid workplace” that brings back more employees around the world after a […]
Powell: US economy looks to be strengthening
WASHINGTON (REUTERS) – The US economy is “much improved”, Federal Reserve Chair Jerome Powell said on Monday, crediting Congress and the central bank both for providing “unprecedented” support, but at […]