Top Goldman Sachs lawyers accused of covering up sexual harassment
NEW YORK (BLOOMBERG) – Goldman Sachs Group’s general counsel and head of litigation were sued by a subordinate who said she was forced out after she spoke up about the […]
South Korea economy returns to growth amid Covid-19 struggle
SEOUL (BLOOMBERG, REUTERS) – South Korea rebounded from recession more strongly than expected last quarter, as the fastest export-growth in decades helped buffer the economy from a summer wave of the […]
Owner of Marina Bay Sands exploring $8.2 billion sale of Vegas casinos
NEW YORK (BLOOMBERG) – Sheldon Adelson’s Las Vegas Sands Corp is exploring the sale of its casinos in Las Vegas, according to people with knowledge of the matter, a move […]
Asia shares make guarded gains as Covid-19 cases breaks new records
SYDNEY (REUTERS) – Global shares got off to a cautious start on Monday (Oct 26) as surging coronavirus cases in Europe and the United states threaten the economic outlook, even […]
Examining the impact of the US election on investment portfolios
SINGAPORE – With barely a week to go before the United States presidential elections, markets are already feverishly positioning themselves for the outcome. If the polls are to be trusted […]
Oil extends slide on surging coronavirus vases and US stimulus stalemate
SYDNEY (BLOOMBERG) – Oil extended its slide to a second day on a toxic cocktail of surging coronavirus cases in the US and Europe, dwindling prospects for pre-election stimulus in […]
Westpac takes $1.16 billion charge for laundering, refunds
SYDNEY (BLOOMBERG) – Westpac Banking Corp. has taken a A$1.2 billion (S$1.16 billion) charge against second-half earnings to cover a record money-laundering fine and the mounting cost of compensating customers […]
Kazakhstan in line for Singapore trade deal
A new services and investment agreement between Singapore and Kazakhstan will bolster trade ties that have been growing in strength in recent years. Negotiations over the pact, which is part […]
Remote work can work out for the best
The Covid-19 pandemic has crushed the economy, sent joblessness soaring and killed over a million people worldwide. But there are a few ways in which it may prompt society to […]
Me & My Property: Look west for better rental yields
The western part of Singapore is an up-and-coming area and holds promise for property buyers looking for better rental yields, says ERA senior division director Neo Chee Seng. The 48-year-old […]
Criteo CEO has a feel for Olympian challenges
Ms Megan Clarken, chief executive of Criteo, knows a thing or two about tackling adversity. As a teenage star athlete in her native New Zealand, she held the women’s record […]
The cost of taking care of parents
How much is the cost of filial piety in Singapore? Of course, you would say that the love and care that you shower on your parents are probably priceless. Please […]
Tips for buying big-ticket items
(BLOOMBERG) – I am not a fan of bold pronunciations about spending, like: Never buy a boat! Stop drinking lattes! Don’t buy a new car! They seem designed more to attract […]
Adidas ‘plans to sell’ struggling Reebok business
FRANKFURT • German sportswear company Adidas plans to sell its Reebok division, Germany’s Manager Magazin has reported, as the group seeks to put an end to its ill-fated investment in […]
Goldman Sachs to pay S’pore Govt $165m for role in 1MDB scandal
Goldman Sachs Singapore will pay US$122 million (S$165 million) to the Singapore Government for its role in the 1Malaysia Development Berhad (1MDB) bond offerings corruption scandal. The penalty is believed […]
STI ends week higher, in line with Wall Street
Local shares ended the week on a high, in tandem with Wall Street stocks that rose on hopes of a stimulus package. Market watchers noted that the final US presidential […]
Nanofilm IPO shares priced at $2.59; Temasek to take substantial stake
Nanofilm Technologies, a spin-off company of Nanyang Technological University (NTU), lodged its final prospectus yesterday, offering 77.2 million shares at $2.59 each for placement in its initial public offering (IPO) […]
Mastercard, MatchMove, Idemia to pilot fingerprint biometric card in Asia
Keying in a personal identification number (PIN) or signing a credit card bill may be a thing of the past if consumers take to a biometric card that uses fingerprint […]
Understanding Goldman Sachs’ role in the 1MDB mega scandal
KUALA LUMPUR (REUTERS) – Goldman Sachs on Thursday (Oct 22) reached a deal to settle a probe into the bank’s role in Malaysia’s 1MDB corruption scandal, which included total penalties […]
Singapore fines Goldman Sachs $165 million over 1MDB corruption scandal
SINGAPORE – Goldman Sachs Singapore will pay US$122 million (S$165 million) to the Singapore Government for its role in the 1Malaysia Development Berhad (1MDB) bond offerings corruption scandal. The penalty […]