Collect antiques from US presidents
(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 […]
5 factors that affect hospital claims
The relentless increase in healthcare insurance premiums is a major concern for all policyholders, but sadly there is no “vaccine” that can stop the price rises. This is because insurers […]
Nasdaq finishes higher, tech stocks retrace some losses
NEW YORK (REUTERS) – The tech-heavy Nasdaq index rallied in choppy trading on Friday (Feb 26), even as sentiment remained fragile after the index’s worst performance in four months the […]
Singapore factory output extends rebound, rising 8.6%
Electronics and precision engineering put in the heavy lifting last month to keep manufacturing output heading north. Factory output rose 8.6 per cent year on year in January for a […]
Asian bourses in red on worries over rising US Treasury yield
The local market was not spared as Asian bourses ended the week in the red, as rising United States Treasury bond yields stoked inflation fears and caused a sharp overnight […]
Olam plans to list food ingredients business by first half of 2022
SINGAPORE (REUTERS) – Agribusiness giant Olam International, which is dividing its portfolio of diverse products into two new operating businesses, said on Friday (Feb 26) it plans to list its […]
It’s Gates versus Musk as world’s richest spar over bitcoin
NEW YORK (BLOOMBERG) – Unless you’re the world’s richest person, you shouldn’t be buying bitcoin. That’s the message from Bill Gates – the third richest. With a rally of more […]
GameStop jumps nearly 19%; ‘meme stocks’ fade after another wild ride
NEW YORK (REUTERS) – GameStop shares rallied on Thursday (Feb 25), finishing with double-digit gains despite a sharp retreat from session highs and leading a surprise resurgence of so-called “stonks” […]
Auditor EY replaces Germany boss after Wirecard scandal
FRANKFURT AM MAIN (AFP) – Auditing group EY on Thursday (Feb 25) announced that it was replacing the head of its German office as it moves to “restore trust” following […]
US stocks tumble on inflation worries, S&P 500 down 2.5%
NEW YORK (AFP) – Wall Street stocks were sharply lower following an ugly session on Thursday (Feb 25) as US Treasury yields hit a new 52-week high amid ongoing investor […]
New Zealand central bank to consider housing in rate setting in move to cool prices
WELLINGTON (BLOOMBERG) – New Zealand’s government will require the central bank to take account of house prices when it sets interest rates, stepping up efforts to rein in a rampant […]
UOB posts 32% drop in Q4 profit to $688 million
SINGAPORE (REUTERS) – United Overseas Bank reported a 32 per cent fall in quarterly profit as Singapore’s smallest listed bank said its net interest income declined and credit losses swelled. […]
These Covid-19 billionaire fortunes are fading with the vaccine rollout
SEOUL (BLOOMBERG) – In the healthcare industry, the coronavirus pandemic led to big fortunes, fast. Now some of them are evaporating just as quickly. Take Seegene, a maker of Covid-19 […]
Meme stock mania flares up anew after GameStop shares triple
NEW YORK (BLOOMBERG) – A flurry of buying that doubled GameStop shares on Wednesday afternoon (Feb 24) spread to a dozen other meme stocks at the centre of last month’s day trader-fueled […]
New global R&D head for TikTok to be based in Singapore: Sources
BEIJING (REUTERS) – ByteDance plans to move the chief of its Chinese news aggregator Jinri Toutiao, Zhu Wenjia, to Singapore to head global research and development for its hit short […]
GameStop CFO to step down after Reddit driven stock rally
NEW YORK (REUTERS) – GameStop chief financial officer Jim Bell will step down next month, the video game retailer said on Tuesday (Feb 23), as it focuses on shifting into […]
Marriott taps veteran Tony Capuano as new CEO after Arne Sorenson’s death
WASHINGTON (BLOOMBERG) – Marriott International named Tony Capuano as chief executive officer, tapping the veteran development executive to lead the hotel giant’s recovery from the Covid-19 pandemic. Mr Capuano, 55, […]
Lucid Motors CEO aims to launch Tesla Model 3 rival in 2024 or 2025
SAN FRANCISCO (REUTERS) – Lucid Motors chief executive officer Peter Rawlinson told Reuters on Tuesday (Feb 24) that the luxury electric car maker plans to launch a rival to Tesla’s […]
OCBC Q4 profit drops 9% to $1.13 billion on lower total income
SINGAPORE (REUTERS) – Singapore’s second-biggest listed-lender, Oversea-Chinese Banking Corp, reported a 9 per cent drop in quarterly profit on Wednesday (Feb 24), dragged down by a 15 per cent decline […]
Tesla briefly sinks below price at which it entered S&P 500 index
NEW YORK (BLOOMBERG) – Tesla shares wiped out their year-to-date gains on Tuesday (Feb 23) and briefly traded below the level where they were when the electric-carmaker entered the S&P […]