Banks boost European stocks as recovery hopes grow
BENGALURU (REUTERS) – Shares of banks and automakers lifted European shares on Monday as investors continued to move into economy-linked sectors on hopes of a solid economic rebound from the […]
Oil settles lower, shrugs off Saudi attack after climbing above US$70/barrel
NEW YORK (REUTERS) – Oil prices settled lower on Monday (March 9), retreating from a session peak above US$70 a barrel after attacks on oil facilities in Saudi Arabia lifted […]
Nasdaq hits correction, Dow advances as US stimulus Bill nears finish line
NEW YORK (REUTERS) – Technology-related shares sold off on Monday (March 8) in a big downturn that pushed the Nasdaq into corrective territory and offset stocks that rose on hopes […]
Asia shares, dollar celebrate US stimulus, oil hits 1-year high
SYDNEY (REUTERS) – Asian shares rallied on Monday (March 8) while the US dollar held near three-month peaks after the US Senate passage of a US$1.9 trillion stimulus bill and […]
Game of drones: Chinese giant DJI hit by US tensions, staff defections
SHENZHEN (REUTERS) – Chinese drone giant DJI Technology built up such a successful US business over the past decade that it almost drove all competitors out of the market. Yet […]
Oil jumps above US$70 after Saudi Arabian energy facility attacked
SINGAPORE (BLOOMBERG) – Oil surged above US$70 a barrel in early Asian trading on Monday (March 8) after Saudi Arabia said an energy facility was attacked, with prices extending gains […]
China’s hottest companies are run by old-school all-male boards
HONG KONG (BLOOMBERG) – Warren Buffett-backed carmaker BYD, Nike-rival Anta Sports Products and Nasdaq-listed retailer JD.com are all emblematic of the global heft of China’s companies. The Chinese giants have […]
SGX to see more IPOs this year, with new listings driven by growth sector firms: Experts
SINGAPORE – The pandemic has hit firms in many industries but also presented new opportunities to flourish for those in growth sectors. These effects are likely to spill over into […]
US college dropout returns to donate $27m
(NYTIMES) – With no way of paying tuition, Mr Calvin Tyler dropped out of college in his home town, Baltimore, in 1963 before becoming a truck driver for UPS. He […]
For 7 years, Singapore couple paid for ‘cancelled’ insurance policies
If you decide to terminate your insurance policy, make sure you do a thorough check and cancel all supplementary plans as well. This is because some of these extra policies, […]
As global shocks rise, Swiss Re has a shield
It is not often that you look at a company that has just announced losses of nearly US$900 million (S$1.2 billion) for the year past and think that it probably […]
Insurance: Pay more if you see your own doctors
Unless you are prepared to pay more, the days of consulting private doctors who are not on your insurers’ panels for hospital treatment will soon be over for most people. […]
Me & My Money: She focuses on structural trends rather than day-to-day changes
SINGAPORE -Trying to pick on the big trends rather than getting distracted by the day-to-day noise is the smart way to go when investing, especially given the extreme volatility we […]
US stocks finish sharply higher after healthy jobs report
NEW YORK (AFP) – Wall Street stocks finished strong on Friday (March 5) after a rollercoaster session, as healthy February employment data overcame worries of impending inflation, which hit equities […]
Singapore’s Green Plan 2030 seen as a concrete but cautious step towards a low-carbon economy
SINGAPORE – Singapore has made it clear that it is serious about decarbonising its economy but will proceed only at a measured pace to avoid any major business disruption or […]
Hong Kong turns empty hotels into apartments as tourists vanish
March 05, 2021 8:22 AM HONG KONG (BLOOMBERG) – Hotels in Hong Kong are being transformed into residential developments to satisfy housing demand as the pandemic-hit tourism industry shows no […]
GIC-backed Bank Jago races to upend mobile banking in Indonesia
JAKARTA (BLOOMBERG) – Bank Jago will begin offering some banking services via mobile app this month before extending full-fledged products including loans, securing early-mover advantage in Indonesia’s booming digital banking […]
Gold crumbles to 9-month low as rising bond yields, US dollar dim appeal
BENGALURU (REUTERS) – Gold slumped to a near nine-month low on Thursday (March 4) pressured by gains in the US dollar and US Treasury yields after Federal Reserve chair Jerome […]
Singapore court grants oil trader GP Global APAC debt moratorium
SINGAPORE (REUTERS) – The Singapore High Court has granted oil trader GP Global APAC a six-month debt moratorium, the company’s lawyers said on Thursday (March 4), paving the way for […]
Nasdaq ends sharply lower after comments from Fed chairman Jerome Powell
NEW YORK (REUTERS) – Wall Street ended sharply lower on Thursday (March 4), leaving the Nasdaq down nearly 10 per cent from its February record high, after remarks from Federal […]