UBS reshuffles leadership as Credit Suisse integration nears end
Lender is in the middle of a battle with the Swiss government over how much capital it needs to set aside to prevent a similar crisis UBS Group AG reshuffled its leadership as the…
Swedan Margen
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HSBC launches ‘entrepreneurial wealth proposition’ in Singapore
A recent report by the lender names the Republic as entrepreneurs’ top destination for wealth and relocation HSBC on Friday (Oct 24) announced the launch of an “enhanced entrepreneurial…
NY State Trooper Falsely Claimed He Was Shot by a 'Black' Suspect to Impress His Ex-Girlfriend
A former New York state trooper will spend six months in jail after staging his own shooting on duty. Thomas J. Mascia, 28, pleaded guilty in May to a felony charge of tampering with…
Wee Hur shares up 3.4% after property arm named top bidder of Upper Thomson condo site
Shares of Wee Hur jumped 3.4 per cent around midday on Friday (Oct 24) following the news of the group’s property arm and its controlling shareholder GSC Holdings outbidding four other…
Fresno Woman, Boyfriend Her Younger Sister and Her Newborn Baby Because She was Jealous of the Attention They Were Getting
A California couple will spend several years behind bars over the double homicide of the woman's younger sister and her newborn baby girl. On Wednesday, Yarelly Solorio-Rivera, 24, was…
RHB lifts FCT target price on improved H2 earnings, asset enhancements, lower interest rates
RHB raised its target price for Frasers Centrepoint Trust (FCT) and maintained its “buy” rating, citing steady H2 earnings alongside tailwinds from asset enhancements and falling interest…
Chandra Asri says it will buy ExxonMobil’s Singapore retail fuel stations
— Chandra Asri Pacific said on Friday it would acquire ExxonMobil’s network of Esso-branded retail fuel stations in Singapore. “The company…
Suntec Reit rules out retail acquisitions in Australia; to focus on divestments
The manager of Suntec Real Estate Investment Trust (Suntec Reit) has ruled out acquiring retail assets in Australia, even as its peer, Keppel Reit, recently made its first retail…
Suntec Reit rules out retail acquisitions in Australia, will focus on divestments
The manager of Suntec Real Estate Investment Trust (Suntec Reit) has ruled out acquiring retail assets in Australia, even as its peer, Keppel Reit, recently made its first retail…
White House warns government shutdown could lead to holiday travel meltdown
The Trump administration and Republican leaders in Congress on Thursday (Oct 23) warned that flight disruptions will increase as a government shutdown enters its 23rd day and controllers…
Ford lowers annual guidance, citing fire at supplier’s aluminum plant
Ford Motor cut its profit guidance on Thursday, citing fallout from a fire at a critical aluminum supplier that will crimp production of some of its most lucrative vehicles through the end…
Chauncey Billups Shared Inside Information to Gambling Ring that Trail Blazers Was Planning to Lose Upcoming Game
Portland Trail Blazers head coach Chauncey Billups is accused of secretly sharing inside information with gamblers, allegedly revealing that his team intended to lose games on purpose so…
Six Wall Street bank chiefs hold most power since global crisis
The last time every major US bank boss also led their boards, Steve Jobs was launching the first iPhone and Bear Stearns had a market value of some US$20 billion. With Citigroup chief…
Stocks to watch: ST Engineering, UOI, Suntec Reit, OUE Reit, mm2 Asia
The following companies saw new developments that may affect trading of their securities on Friday (Oct 24): Source link
US weighs quantum computing boost in effort to counter China
The Trump administration is in early-stage conversations with quantum computing companies to discuss potential financial support for an industry that’s part of the growing race with China…
Intel beats third-quarter profit estimates as cost cuts, investments pay off
INTEL beat expectations for September-quarter profit as CEO Lip-Bu Tan’s drastic cost-cutting measures helped the chipmaker shore up its finances amid a slew of high-profile investments in…
Apple begins shipping AI servers from Houston factory
Apple has started shipping artificial intelligence servers built in a factory in Houston, it said on Thursday, part of the company’s plans to invest US$600 billion in the US in the next…
Binance founder Zhao wins Trump pardon in latest clemency
The pardon has been widely anticipated by friends, associates and the cryptocurrency industry at large Binance co-founder Zhao Changpeng has received a pardon from US President Donald…
Bipartisan group of lawmakers calls on Trump to press China's Xi to release activist Jimmy Lai
A bipartisan group of more than 30 senators led by Rick Scott of Florida urged President Trump ahead of his meeting with Chinese President Xi Jinping to secure the release of pro-democracy…
Putin defiant after Trump sanctions Russian oil majors over Ukraine
Russian President Vladimir Putin remained defiant on Thursday after US President Donald Trump hit Russia’s two biggest oil companies with sanctions to pressure the Kremlin leader to end…
US: Wall Street ends higher amid mixed earnings, Trump-Xi meeting confirmed
Wall Street advanced on Thursday as investors mulled a mixed batch of corporate earnings and shifting geopolitical concerns. All three major US stock indexes closed higher, with tech…
Europe: Stoxx 600 closes at record high on energy boost, earnings in focus
THE Stoxx 600 index closed at a record high on Thursday, led by gains in energy stocks after the US imposed new sanctions on Russia, while investors also gauged the health of corporate…
Virginia Democrats move to redraw congressional map amid national redistricting battles
Virginia Democrats are launching an effort to redraw the state's congressional districts, positioning themselves in direct response to Republican-led redistricting maneuvers in states like…
DHS' Chief Bovino accused of breaking judge's order by using tear gas on Chicago crowd
Journalism advocates on Thursday accused a senior Homeland Security official of personally deploying tear gas into a Chicago protest "without justification" in defiance of a judge's…