Nasdaq ends at fresh record in bullish Wall Street session
NEW YORK (AFP) – The Nasdaq powered to a fresh record on Tuesday (Dec 15), fuelled by optimism over coronavirus vaccines and revived congressional efforts to pass a spending package […]
Sale of new, resale private homes on the rise
The private home market resumed its upward march in November, with sales up nearly 19 per cent compared with the previous month following a surge in the number of new […]
Company briefs: Hyflux
Hyflux The judicial managers of water treatment firm Hyflux and its unit Hydrochem are in talks with 14 new potential investors, and aim to identify a suitable investor by the […]
Goldman, Citi, Nomura see 20% earnings growth for Asia stocks in 2021
HONG KONG (BLOOMBERG) – While Asia’s equity rally may be ending the year looking a tad stretched, a bright earnings outlook for 2021 is giving strategists all the more reason […]
Air India employees bid for 51% stake in struggling carrier
MUMBAI (BLOOMBERG) – A group of 219 Air India employees submitted a bid to purchase 51 per cent of the loss-making state-owned carrier. The remaining 49 per cent will be […]
S&P 500 ends down as Walt Disney weighs
NEW YORK (REUTERS) – The S&P 500 ended lower on Monday (Dec 14), weighed down by Walt Disney, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca […]
Citi hiring 330 relationship managers for new wealth hub
Citibank Singapore will be hiring 330 relationship managers over the next five years for its newly opened wealth hub here. The hub was officially opened at 268 Orchard Road yesterday […]
Top Glove shares sink on news of whistle-blower’s dismissal
Shares of Top Glove sank to a three-month low yesterday following news that the world’s biggest glove maker had fired a whistle-blower before the Covid-19 outbreak at its factories. The […]
Japan business sentiment improves as economy emerges from pandemic hit
TOKYO (REUTERS) – Japanese business sentiment improved for the second straight quarter in October-December, a key central bank survey showed on Monday (Dec 14), a welcome sign for the economy […]
Crown Resorts faces class action over October share plunge
BENGALURU (REUTERS) – Law firm Maurice Blackburn has launched a second class action lawsuit against Crown Resorts, it said on Monday (Dec 14), alleging that the Australian casino giant’s corporate […]
Investors swap China holdings from Wall Street to Hong Kong as delisting threat brews
SHANGHAI (REUTERS) – Global fund managers are reducing their holdings in US-listed Chinese companies such as Alibaba, Netease and JD.com as risks grow they will be forced off American exchanges, […]
Shaping the future of banking: Making your financial future a reality
Income inequality is widening across the world with rapidly ageing populations and the pandemic exacerbating the situation. Low-income groups tend to be highly dependent on deposit savings, which leaves them […]
Fed meeting may convey optimism on US economy
WASHINGTON • After a year in which the Federal Reserve pushed out unprecedented lending to support the US economy while pleading for government stimulus that never came, central bankers could […]
Covid-19 turned me into a serial online bargain hunter
9.9, 10.10, 11.11 and 12.12. For those who have switched to online shopping in a big way, these numbers have become part of their lingo. The same goes for a […]
Investing in new skills at all ages to stay current
Rapid technological disruption in recent years has caused disruption and decimation of jobs across industries, but it has also created new ones. The Covid-19 crisis has hastened the changes. Reskilling […]
Steadily improving the lot of investors with a steady hand
All investors have their weak points and often think they are smarter than they actually are, so a steady temperament is critical when putting your money on the line, says […]
Yes, you can make a personal budget in just 25 minutes
NEW YORK (BLOOMBERG) – Now is a great time to develop a serious budgeting habit. The next year might bring changes to your annual income and you should look at your finances […]
Lifelong learning enables retiree to try a different sector
Clients occasionally fire highly technical questions at regional sales manager Lawrence Low that can leave him stumped, which is no great surprise given he joined the precision tooling sector only […]
US stocks end mostly down on stimulus stalemate
NEW YORK (AFP) – Wall Street stocks finished mostly lower Friday on disappointment over the lack of progress on a US stimulus Bill, while Disney shares skyrocketed on higher streaming […]
MAS expands mandate of steering committee to drive Sibor transition
The Monetary Authority of Singapore (MAS) is expanding the mandate of the steering committee that is overseeing the Swap Offer Rate (SOR) transition to Singapore Overnight Rate Average (Sora). MAS […]