Epic battle over GameStop as ‘nerds’ take on Wall Street
NEW YORK (AFP) – An epic battle is unfolding on Wall Street with a cast of characters clashing over the fate of GameStop, a struggling chain of video game retail […]
IMF boosts world growth outlook as vaccines outweigh uncertainty
WASHINGTON (BLOOMBERG) – The International Monetary Fund (IMF) raised its forecast for global growth this year, betting the rollout of coronavirus vaccines and more fiscal stimulus will offset the immediate […]
Etsy shares jump on praise from Elon Musk after he buys gift for his dog
NEW YORK (BLOOMBERG) – Etsy shares jumped on Tuesday (Jan 26) after the e-commerce company earned praise from Elon Musk, the third time this month that the Tesla Inc. leader […]
GameStop market value soars past $13 billion after Elon Musk tweet
NEW YORK (REUTERS, BLOOMBERG) – Amateur investors piled further into niche stocks on Tuesday (Jan 26), sending professional short sellers scrambling to cover losing bets, with GameStop skyrocketing for a fourth […]
Ant IPO could resume once issues resolved: China’s central bank
BEIJING (BLOOMBERG) – Ant Group could resume its plans for an initial public offering once problems are resolved, China’s central bank chief said, offering some relief to global investors seeking […]
Las Vegas Sands hands reins to Robert Goldstein after Sheldon Adelson’s death
NEW YORK (BLOOMBERG) – Las Vegas Sands, owner of Marina Bay Sands in Singapore, named acting chief executive officer Robert Goldstein as permanent CEO following the death of Sheldon Adelson, […]
Amazon asks India court to jail retail tycoon in legal spat
MUMBAI (BLOOMBERG) – Amazon.com has filed a petition in an Indian court seeking detention of Future Group’s founder and seizure of assets for violating an arbitration court’s order that temporarily […]
Grab picks Morgan Stanley, JPMorgan for US IPO: Sources
HONG KONG (BLOOMBERG) – South-east Asian ride-hailing giant Grab Holdings has picked banks for a potential US initial public offering (IPO), that could raise at least US$2 billion (S$2.65 billion), […]
Local food manufacturers can tap tie-up to break into China market
SINGAPORE – Food manufacturers looking to break into China’s market can tap a digital platform which helps firms navigate regulatory requirements and translate catalogues and ingredients from English to Chinese. […]
Company briefs: Jumbo Group; Boohoo Group; FJ Benjamin Holdings
Jumbo Group The food and beverage (F&B) player announced on Sunday that its indirect wholly owned subsidiary has entered into a joint venture (JV) agreement with The Art of Mee […]
Chinese bank’s first overseas innovation centre opens here
Shanghai Pudong Development Bank (SPD Bank) has opened its first overseas innovation centre here, making Singapore its fintech beachhead to South-east Asia. “The SPD Bank Singapore Innovation Centre is committed […]
Deutsche Bank probing sales of investment banking products
FRANKFURT (BLOOMBERG) – Deutsche Bank said on Sunday (Jan 24) it was conducting an internal investigation following a Financial Times report describing bank employees in a profit sharing scheme that […]
Top 20 hedge funds earned most in a decade for clients last year
BOSTON (REUTERS) – The world’s 20 best-performing hedge funds earned US$63.5 billion (S$84.3 billion) for clients in 2020, setting a record for the last 10 years during a chaotic time […]
China’s growing power scaring ordinary savers out of Hong Kong
HONG KONG (BLOOMBERG) – It was the freezing of bank accounts that changed Dan’s mind. The Hongkonger, a finance worker in his early 50s, watched China tighten its grip on […]
Online fashion retailer Boohoo to buy Debenhams brand: FT
BENGALURU (REUTERS) – Online fashion retailer Boohoo Group is set to acquire collapsed British department store group Debenhams in a cut-price deal that will result in the closure of the […]
China was largest recipient of foreign direct investment in 2020
BEIJING (REUTERS) – China was the largest recipient of foreign direct investment in 2020 as the coronavirus outbreak spread across the world during the course of the year, with the […]
Insure for protection, not because it’s ‘free’
Is there such a thing as a fully refundable insurance policy that will pay you back every cent you have put in, if you do not make a claim? Well, […]
More whistle-blowing in US – from home
(BLOOMBERG) – You would think that working from home means less trouble at work and less office politics. But the work-from-home phenomenon has triggered fresh frustration for US corporations: workers […]
More whistle-blowing in US – from home
You would think that working from home means less trouble at work and less office politics. But the work-from-home phenomenon has triggered fresh frustration for US corporations: workers there are […]
The risk of getting a big loan to fund retirement
Want a passive income of more than $1 million by making a relatively low cash investment of less than $200,000? Roll right up, have we got a deal for you. […]