US: Wall Street opens lower as investors brace for Fed meet; Walmart slides
Street’s main indices opened lower on Thursday (Aug 21), as investors turned cautious ahead of the US Federal Reserve’s three-day conference in Jackson Hole, while big-box…
Swedan Margen
I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.
Singapore, Hong Kong want a slice of the US$250 billion stablecoin pie
Regional financial centres Singapore and Hong Kong are both aiming to capture a piece of the US$250 billion stablecoin market. On Aug 1, Hong Kong launched a regulatory regime for…
Boeing in talks to sell as many as 500 planes to China: sources
Boeing is heading closer towards finalising a deal with China to sell as many as 500 aircraft, according to people familiar with the matter, a transaction that would end a sales drought…
Johnson & Johnson to invest US$2 billion to boost US manufacturing as drug tariffs loom
Johnson & Johnson (J&J) said on Thursday (Aug 21) it would invest US$2 billion in North Carolina as it aims to expand its US manufacturing presence amid looming drug import duties…
The Government Shouldn’t Get into the Chip Business
It would be a bad idea for the Trump administration to take a stake in Intel. Source link
Israel Isn’t a Danger to Jews — Jew Haters Are
The idea that Israel’s actions are putting Jews at risk globally is a contemptible position that would never be applied to any other minority group. Source link
How the U.S. Can Make the Most of a Defense-Spending Boom
The choice is clear: modernize and lead — or remain the arsenal of bureaucracy. Source link
Who Knew Sheboygan Is an Art Mecca?
Wisconsin’s Kohler Arts Center does ingenuity with both sparkle and substance. Source link
Mark Twain Is Still Mocking His Critics
A new biography inexplicably exhumes the book-banning case against Huckleberry Finn. Source link
Singapore shares rise as market eagerly awaits signals of interest rate cuts; STI up 0.3%
Singapore shares rose on Thursday (Aug 21), as the market awaits for hints from US Federal Reserve chairman Jerome Powell about the future of interest rates. The benchmark Straits Times…
Musk’s Starlink courts luxury airlines to grow in-flight Wi-Fi business
For the past three years, Elon Musk has steadily elbowed his way into the booming market for in-flight Wi-Fi, with his Starlink service signing up blue-chip carriers from Air France to…
Hyflux’s legal head did not raise issues over non-compliance of listing rules for draft announcement, witness says
The legal head of Hyflux did not raise any issue of non-compliance with the listing rules in a draft of an announcement on the company being named the preferred bidder for the Tuaspring…
McDonald’s Japan scraps ‘One Piece’ promotion after Pokemon frenzy
NALD’S Japan has cancelled a promotion based on the classic One Piece manga series, after a similar Pokemon-themed campaign sparked a frenzy and uproar about uneaten food…
Baidu ranks as China’s cheapest Internet stock amid AI concerns
Sharp stock underperformance for Baidu on concerns over its outlook have left it trading at the cheapest valuation among China’s major Internet firms. Baidu has suffered from…
Global beauty firms look to carve up Indian market as ‘last bastion’ of growth
From Japan’s Shiseido to France’s L’Oreal, global cosmetics giants are doubling down on India, betting on the world’s most populous nation as a key growth market for premium offerings…
Bank of Japan chief’s dogged caution tempers board’s hawkish instincts
In 2024, Kazuo Ueda delivered Japan‘s first interest rate hike in 17 years, a bold shift for a central bank once dominated by advocates of ultra-loose monetary settings - now, the Bank of…
Australia: Shares hit fresh high on mining and banks boost
AUSTRALIAN shares rose to a record high on Thursday, driven by miners and banks, while investors awaited US Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium on…
Great Eastern resumes trading after year-long suspension; closes 10% lower than OCBC’s best offer
Great Eastern Holdings (GEH) resumed trading on Thursday (Aug 21), after a proposed bonus share issue lifted its free float above 10 per cent. It was suspended from trading in July 2024…
Gold little changed as investors await Jackson Hole remarks
Gold prices were steady on Thursday (Aug 21) as investors awaited cues into the US Federal Reserve’s policy outlook ahead of the Jackson Hole symposium in Wyoming, which begins later in…
Stocks to watch: Sats, Great Eastern, Wing Tai, Beng Kuang Marine, Capital World
The following companies saw new developments that may affect trading of their securities on Thursday (Aug 21): Sats: The airline caterer on Wednesday reported a 9.1 per cent year-on-year…
Microsoft curbs early access for Chinese firms to notifications about cybersecurity flaws
Microsoft has curtailed Chinese companies’ access to advance notifications about cybersecurity vulnerabilities in its technology after investigating whether a leak led to a series of hacks…
Texas' Republican-controlled House approves new maps to create more winnable GOP congressional seats
Texas Republicans on Wednesday took the first step toward approving new congressional maps that would give their party as many as five new seats in the House of Representatives, spurring…
Singapore-focused listed companies are having their turn in the spotlight
The oft-heard complaint is that Singapore’s market is too small and, beyond the banks, no one can make much money from investing in it. This year, the naysayers may find themselves…
US banks cut back muni exposure to lowest since financial crisis
US banks are holding the smallest share of debt sold by states and localities since the financial crisis despite attractive valuations and a heavy flow of new bond sales. In total, banks…