US stocks end solidly higher in post-election surge
NEW YORK (AFP) – Wall Street stocks jumped on Wednesday (Nov 4) as markets absorbed the latest developments in the still-unresolved US presidential contest and apparently shrugged off the risk […]
Some tapped savings, borrowed heavily to get a piece of Ant IPO
HONG KONG • Mom-and-pop investors who put in bids worth a record US$3 trillion (S$4.1 trillion) in China’s Ant Group were stunned after regulators abruptly suspended what would have been […]
US stock futures climb with early vote counts coming in
NEW YORK (BLOOMBERG) – US equity futures pointed to further gains after the biggest two-day rally since September, while Treasury futures slid as investors speculated America would get a clear […]
Great Eastern Q3 profit up 40% to $287.9 million
SINGAPORE (THE BUSINESS TIMES) – Great Eastern Holdings on Wednesday (Nov 4) posted a 40 per cent rise in net profit to $287.9 million for the third quarter ended Sept […]
UOB Q3 profit falls 40% to $668 million on higher provisions
SINGAPORE – United Overseas Bank posted a 40 per cent drop in third-quarter net profit to $668 million from $1.12 billion a year earlier as the bank built up on allowances […]
Jack Ma’s personal wealth drops US$3 billion after Ant Group IPO freeze
HONG KONG (BLOOMBERG) – Jack Ma was poised to become Asia’s richest person with Ant Group’s public offering. Instead his net worth has tumbled almost US$3 billion (S$4.1 billion) and […]
Jack Ma’s blunt words just cost him US$37 billion
HONG KONG (BLOOMBERG) – Jack Ma is a very busy man. China’s richest man has been busy launching the world’s biggest IPO. He has been busy preparing for Alibaba Group […]
Mukesh Ambani loses $8.87 billion as oil sinks Reliance stock
MUMBAI (BLOOMBERG) – Mukesh Ambani, Asia’s richest man, saw US$6.5 billion (S$8.87 billion) wiped from his net worth as Reliance Industries shares tumbled the most in over seven months following […]
Singapore-based hedge fund is world’s best-performing with 275% gains
SINGAPORE (BLOOMBERG) – Long before he ran the world’s best-performing hedge fund, Qian Yong Qiang chaired China’s biggest online dating service. The Yale graduate would spend hours tracking down attractive […]
Fin or tech? Why China’s Ant, biggest-ever IPO, says it’s a tech firm not a bank
BEIJING (REUTERS) – China’s Ant Group, about to make the biggest public sale of shares ever, poses a basic conundrum: what kind of company is it – a financial colossus […]
Royal Caribbean suspends cruises through year end on rising Covid-19 cases
BENGALURU (REUTERS) – Cruise operator Royal Caribbean Group said on Monday (Nov 2) it would stop all its cruises through the end of the year, extending previous suspensions, as coronavirus […]
Wall Street rises but market braced for choppy trade in US election week
NEW YORK (REUTERS) – The Dow and S&P closed higher on Monday (Nov 2) with the Nasdaq posted slimmer gains on the eve of the US presidential election, as investors […]
The good and bad of a Biden presidency
SINGAPORE – The United States presidential election is just around the corner and if the polls are right, former vice-president Joe Biden is set to take control of the White […]
US presidential election: Looking beyond the Oval Office
SINGAPORE – As investors confront the upcoming United States presidential election, we believe that, in terms of market impact, two uncertainties dwarf the obvious question of who will win the […]
US presidential election: Looking beyond the Oval Office
As investors confront the upcoming United States presidential election, we believe that, in terms of market impact, two uncertainties dwarf the obvious question of who will win the White House. […]
Huawei plans chip plant in Shanghai to beat US sanctions: Report
BEIJING • Huawei Technologies plans to build a chip plant in Shanghai without using American technology, as China’s biggest tech company in terms of sales seeks a new strategy to […]
S’pore nearly replaces Thailand as Asia’s worst stock market this year
Singapore stocks took a beating last week amid the twin uncertainties of the United States election and the worsening pandemic in the West, almost replacing Thailand as Asia’s worst equity […]
4 things landlords in Singapore should look out for in a Covid-19 market
The landlord of a new luxurious condo was especially proud that his unit came with the most expensive and sophisticated kitchen appliances. But never did he expect that this would […]
Why some millennials can’t manage their money
BLOOMBERG – In 2008, Jackie and I started our Wall Street investment banking jobs. Fresh out of college, we were now among the top earners in our peer group. Twenty […]
Me & My Money: Actor-host Allan Wu invests in new skills to help him stay marketable
SINGAPORE – Devoting time to self-development, including picking up new skills, has been the best investment he has made, says actor-host Allan Wu. While he considers himself fortunate to have […]