HOUSTON (REUTERS) – ExxonMobil is lowering its ambitions for oil and gas output, it said on Wednesday (March 3), as it focuses on cutting costs and preserving dividends to win […]
NEW YORK (REUTERS) – Las Vegas Sands, founded by late casino mogul Sheldon Adelson, will sell its Vegas properties for US$6.25 billion (S$8.33 billion), exiting the US gambling hot spot […]
HONG KONG (BLOOMBERG) – Asia’s richest families and individuals are jumping on the Spac wagon, investing in the blank-cheque companies that have taken global markets by storm. Family offices including […]
NEW YORK (AFP) – Tech shares had another ugly session on Wall Street on Wednesday (March 3) following disappointing US economic data and amid ongoing worries over rising Treasury yields. […]
WASHINGTON (AFP) – Activity in the American economy expanded only “modestly” in recent weeks but firms are becoming more upbeat about their prospects as Covid-19 vaccines are rolled out nationwide, […]
SINGAPORE (BLOOMBERG) – Sea Ltd expects e-commerce revenue to double in 2021, sustaining its torrid pace of growth as South-east Asia’s most valuable company counts on regional online shopping demand […]
NEW YORK (AFP) – Wall Street stocks fell on Tuesday (March 2), giving back a portion of the gains from the prior session’s rally as investors girded for more volatility. […]
SINGAPORE- Companies are restoring the wages of workers as the economy gradually recovers, experts said on Tuesday (March 2), after a report by DBS Bank found that the financial health […]
NEW YORK (Bloomberg) — Zoom Video Communications projected annual revenue that would top analysts’ estimates, signalling the video meeting service expects to remain a ubiquitous presence in daily life even […]
SINGAPORE (REUTERS) – About one third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part of […]
LONDON (AFP) – Hedge fund boss Christopher Hohn set a UK record in 2020 for the biggest ever annual paycheck after he paid himself almost half a billion US dollars, […]
NEW YORK (REUTERS) – The S&P 500 surged on Monday (March 1) in its strongest one-day gain since June as bond markets calmed after a month-long selloff, while another Covid-19 […]
SINGAPORE – Singapore Airlines remains the best capitalised carrier in the world despite spending S$8.1 billion since June. As many of its biggest global rivals struggle to stay aloft, the […]
SYDNEY (REUTERS) – Asian shares firmed on Monday (March 1) as some semblance of calm returned to bond markets after last week’s wild ride, while progress in the huge US […]
SYDNEY (BLOOMBERG, REUTERS) – Australian home prices climbed by the most since August 2003 in February as record low borrowing rates and government incentives lure more buyers into the market, raising fears […]
BEIJING (BLOOMBERG) – China’s curbs on fintech that thwarted a massive stock sale by Ant Group have been under consideration for years and weren’t a surprise to those in the […]
SINGAPORE – When a small and medium-sized enterprise (SME) decides to take its first step outside the country, it will look for a bank where it can open a business […]
SINGAPORE – US equities last week were rattled by a sharp upwards movement in US bond yields, which many market watchers fear is a sign of inflationary pressures which could […]
SINGAPORE – Investing small amounts at regular intervals over the long term is the winning strategy of veteran investor Raymond Wong. Mr Wong, 49, associate director at financial advisory firm […]
(NYTIMES) – Mr Robert Russell Crans Jr is storing a bounty of items once owned and touched by President Abraham Lincoln and his family that represent a time in US […]
