Nasdaq drops 3% on inflation fears, WTI oil loses 7.1%
NEW YORK (AFP) – Rising bond yields spurred by concerns over inflation hammered tech stocks and sent Wall Street closing lower on Thursday (March 18), while oil markets slid on […]
Britain unveils shake-up of scandal-hit accounting sector
LONDON (AFP) – Britain unveiled on Thursday (March 18) a drastic overhaul of its troubled accounting sector, with plans to break the dominance of the so-called Big Four accountancy giants. […]
Fed chief Jerome Powell promises not to take away the punch bowl
WASHINGTON (NYTIMES) – It was once said that the governor of the Bank of England had the power to guide the behaviour of Britain’s banks with the mere raise of […]
Morgan Stanley becomes 1st big US bank to offer rich clients access to bitcoin funds
NEW YORK (BLOOMBERG) – Morgan Stanley plans to offer wealthy clients access to three funds that will enable ownership of bitcoin, according to a person familiar with the matter. Galaxy […]
A-Sonic Aerospace’s stock price surge prompts query from S’pore Exchange
SINGAPORE – A-Sonic Aerospace’s stock surged 13 per cent yesterday to a recent high, prompting a query from the Singapore Exchange (SGX). The company, which is on the SGX Watchlist, […]
S&P 500 ends at record high after Fed projects stronger economy
NEW YORK (REUTERS) – The S&P 500 and Dow Jones Industrial Average closed at record highs on Wednesday (March 17) after the Fed predicted a fast economic recovery from the […]
Google cuts mobile app store fee in half amid scrutiny
SAN FRANCISCO (AFP) – Google on Tuesday (March 16) said it will halve the controversial fee it charges developers at its online shop for digital content tailored for Android-powered mobile […]
Hong Kong bankers work around the clock as IPOs, Spacs surge
HONG KONG (BLOOMBERG) – Hong Kong’s bankers are working around the clock as the region’s companies rush to go public. Initial public offerings in the city have already hit almost […]
Singapore start-up PatSnap turns unicorn with backing from SoftBank, Tencent
SINGAPORE (BLOOMBERG) – Singapore-founded PatSnap reached a valuation topping US$1 billion (S$1.34 billion) in a fresh funding round, with SoftBank Vision Fund II and Tencent Investment among those backing the […]
Uber grants UK drivers worker status in world first
LONDON (AFP) – Uber on Tuesday (March 16) said it is granting its UK drivers worker status, with benefits including a minimum wage – a world first for the US […]
Tech shares flip the script, end higher
NEW YORK (AFP) – Underwhelming economic data and uncertainty amid the Federal Reserve’s two-day monetary policy meeting caused the Dow to snap a seven-day winning streak on Tuesday (March 16), […]
Crypto exchange BitMEX founder surrenders to face money laundering charges
NEW YORK (BLOOMBERG) – One of the founders of pioneering crypto-derivatives exchange BitMEX surrendered to authorities to face charges that he schemed to avoid US anti-money laundering laws. Benjamin Delo, […]
China plans new food trading giant with Cofco merger and IPO
BEIJING (BLOOMBERG) – China’s largest food company plans to merge its international trading division with several domestic businesses to create a new agricultural commodity behemoth before embarking on an initial […]
Tesla names Elon Musk ‘Technoking’ in cryptic regulatory filing
BENGALURU (REUTERS) – Tesla added “Technoking of Tesla” to billionaire chief executive officer Elon Musk’s list of official titles on Monday (March 15), in a regulatory filing that also named […]
S&P 500 and Dow end session at record highs
NEW YORK (REUTERS) – The S&P 500 and Dow Jones Industrial Average closed at a record highs on Monday (March 15), as investors eyed an economic recovery from the coronavirus […]
Dovish Fed standing firm on inflation fears
WASHINGTON (AFP) – Skittish investors have see-sawed between celebration about the expected US economic recovery and nail-biting over a possible price spiral, but the Federal Reserve is standing firm on […]
Strategists see upside for equities from broad economic rebound
SINGAPORE – Market turbulence continued through last week with sentiment swinging between euphoria over potential economic recovery and fear over inflation. United States President Joe Biden’s US$1.9 trillion (S$2.6 trillion) […]
Recharging Asean’s approach to climate transition
SINGAPORE – Covid-19 has had a devastating toll on Asean economies but it’s easy to forget that another crisis looms – climate change – to which the region is deeply […]
Seeking career coaching early can shorten your job search
SINGAPORE – A Workforce Singapore career coach says: Career coaching is a multi-step process that involves a series of sessions to help you understand your needs and chart your journey […]
Me & My Money: Spending within his means and being cautious help him grow his business and finances
SINGAPORE – Business owner Desmond Tay believes in keeping it simple when it comes to personal finance – spend within your means and do not over-leverage. Its an approach that […]