BlackRock, Goldman opt for China over more pricey India stocks
(Bloomberg) In a change of tone over the world’s two biggest emerging markets, global investors overseeing billions of dollars are slowly starting to favour China over India – reversing a […]
Chipmaker GlobalFoundries prices IPO at upper end to raise $3.5 billion: Sources
BENGALURU (REUTERS) – GlobalFoundries, which has big semiconductor manufacturing operations in Singapore, has raised about US$2.6 billion (S$3.5 billion) in its initial public offering (IPO). The company on Wednesday (Oct […]
Alphabet earns record $25.5 billion profit on Google ad surge
BENGALURU (REUTERS) – Google owner Alphabet on Tuesday (Oct 26) reported higher than expected third-quarter advertisement sales, a sign that the business is overcoming new limits on tracking mobile users […]
Women’s review: Differing views on how to achieve gender equality will need to be reckoned with
SINGAPORE – After more than 160 dialogues involving over 5,700 people, a clearer portrait of the Singapore woman has emerged. While women have made strides over the years, they continue […]
Oil ekes out gain as investors focus on supply constraints
NEW YORK (BLOOMBERG) – Oil ended higher after a choppy session as concerns over tightening supply outweighed fears over the state of China’s economy. Futures in New York closed 0.4 […]
When a billionaire files for divorce
(NYTIMES) – In 2014, Mr Scott Hassan, known by some as the third Google founder, sent Ms Allison Huynh, his wife of 13 years, a text message that their marriage […]
Plan to let migrant workers into community still on hold after new Covid-19 clusters in dorms over past month
SINGAPORE – A pilot programme to allow migrant workers living in dormitories back into the community remains on hold, 16 months after movement restrictions were introduced to curb the spread […]
Investors over the age of 50 take a shine to robo-advisers
SINGAPORE – Investors over the age of 50 are taking a greater liking to robo-advisers, which have tended to be more popular among younger folk. It helps that these digital […]
Tech stock rally sends S&P and Nasdaq to record highs
NEW YORK (REUTERS) – The Nasdaq and S&P 500 headed to all-time highs on Monday, fueled by tech stocks as interest rates remain low, while investors awaited data on the […]
A meme stock is born: How to spot the next Reddit favourite
NEW YORK (BLOOMBERG) – Trying to keep up with the frenzied rise of so-called meme stocks might feel a bit like playing a game of whack-a-mole, bewildering analysts and investors […]
2 men charged for alleged involvement in China officials impersonation scam
SINGAPORE – Two men have been charged for their alleged roles in an impersonation scam. Ng Jee How, 46, and Chiw Meng Tong, 48, were each handed a charge for […]
Renault-Nissan’s south India plant staff to stay away on Monday
CHENNAI (REUTERS) – Workers at the Renault-Nissan plant in southern India will not report for work on Monday over coronavirus-related safety concerns, according to a union letter to the company […]
Buyout back on cards for palm oil giant IndoAgri
SINGAPORE – It is common market knowledge that commodity prices have soared over the past year. While the Bloomberg Commodities index is up around 70 per cent over the decade, […]
Singaporean Shou Zi Chew named new CEO of popular Chinese video app TikTok
NEW YORK (BLOOMBERG) – TikTok, the popular short-video app, named ByteDance chief financial officer Shou Zi Chew as chief executive officer, filling the top leadership position after the departure of […]