Oil holds gains after topping US$50 on Saudi pledge to cut output
SINGAPORE (BLOOMBERG) – Oil held gains in early Asian trading on Wednesday (Jan 6) after surging to a 10-month high on a surprise Saudi Arabian pledge to cut an extra […]
US stocks gain on better economic data
NEW YORK (AFP) – Wall Street stocks advanced on Tuesday (Jan 5) following better-than-expected US economic data as markets monitored Georgia elections that will determine control of the US Senate. […]
Saudi vows extra cuts as Opec+ agrees small rise in oil output
MOSCOW/LONDON/DUBAI (REUTERS) – Saudi Arabia pledged additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most […]
Grab’s Ebitda unlikely to break even before 2023: Moody’s
Ride-hailing firm Grab Holdings has been assigned a B3 corporate family rating (CFR) by ratings agency Moody’s, to reflect the company’s leading position in key regional markets but also uncertainties […]
Bitcoin falls, bringing dizzying rally to a halt
NEW YORK (BLOOMBERG) – Bitcoin fizzled in trading on Monday (Jan 4) as the famously volatile cryptocurrency pulled back after a spectacular new-year rally. Prices fell as much as 17 […]
China delistings threaten $190 billion US fundraising boom
NEW YORK (BLOOMBERG) – For more than two decades Chinese companies have turned to the US stock market for capital and international prestige, raising at least US$144 billion (S$190 billion) […]
OCBC again cuts interest rates on flagship 360 savings account
SINGAPORE (THE BUSINESS TIMES) – OCBC will again lower the interest rates on its flagship savings account, marking its fourth round of revisions since May last year. From Feb 1, […]
US stocks tumble ahead of Georgia Senate vote
NEW YORK (AFP) – Wall Street stocks stumbled on Monday (Jan 4) in the first session of 2021 on anxiety over the Georgia Senate runoffs and worries about a slower […]
Pinduoduo worker’s death renews scrutiny over work culture
BEIJING • The recent death of a Pinduoduo employee renewed criticism of the long hours commonly practised at China’s tech companies, which are already under scrutiny by regulators for anti-competitive […]
Opec+ warns of risk to oil recovery from resurgent Covid-19 pandemic
LONDON (BLOOMBERG) – Opec warned of risks to the oil market from the resurgent pandemic, a day before the group and its allies meet to consider another increase in production. […]
Singapore economy shrinks 5.8% in 2020 after contraction eases to 3.8% in Q4: Flash data
SINGAPORE – Singapore’s economy contracted by 5.8 per cent for the whole of 2020, according to the Ministry of Trade and Industry’s (MTI) advanced estimates released on Monday (Jan 4). […]
Australia home prices end rocky 2020 on recovery track
SYDNEY (REUTERS) – Australian home prices climbed for a third straight month in December as 2020 ended on a strong note across major cities and regional markets, with analysts expecting […]
New US law closes key money-laundering, tax evasion channel
WASHINGTON • A major avenue for global money laundering and tax evasion has been closed off by a new law requiring disclosure of owners of US shell companies used to […]
Market volatility, giant valuations prompt warnings of IPO bubble
NEW YORK • The initial public offering (IPO) market is manic. Stocks have not been this expensive since the dot.com era. The Nasdaq 100 has doubled in two years, leaving […]
Opec+ meeting to decide output level, maintain market influence
LONDON • Members of the Organisation of the Petroleum Exporting Countries (Opec) and their partners will hold a video conference tomorrow to decide on production levels for next month, hoping […]
Luxurious UK homes used for money laundering
(BLOOMBERG) – Investors are not the only ones who are snapping up all the best homes in London. The UK property market is increasingly a prime target for money laundering, […]
Considering managed or index funds
Mr Christopher Tan’s obsession with index funds started more than a decade ago. He liked the funds not only because of their lower costs, but also because he saw that […]
Don’t need CPF Life? Use it for charity
For Singaporeans who have done well in building wealth and have more than enough to last them a lifetime, here is an idea on how you can make use of […]
Picking the right fund for your money
“The number of things that are true for everyone in finance is small; everything else is just figuring out how much risk you want to take and what you want […]
Lie back, relax, it’s okay to work from bed
NEW YORK • For years, sleep experts have held one piece of common wisdom above all else: that devices have no place in the bedroom. Yet, since the Covid-19 pandemic […]