The Tax Code Should Not Punish Mutual Fund Investors
The government should not be picking winners and losers depending on where you choose to hold your mutual fund savings. Source link
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.
Trump’s Détente with the Houthis
The president needs to avoid getting sucked into the same dynamic that led Barack Obama to forge the desperately flawed 2015 Iran nuclear accords. Source link
Singapore stocks end lower as investors keep eye on tariff negotiations; STI down 0.4%
Local stocks ended lower on Thursday (May 8), as investors kept their eyes on tariff deal negotiations after the US central bank unsurprisingly kept interest rates steady. The benchmark…
Weakening greenback to benefit Singapore firms with significant exposure to debts, costs in US dollar
Asian currencies have rallied against the US dollar on the back of concerns that US President Donald Trump’s tariff war will hurt the world’s largest economy. But market watchers warn that…
Musk hits back at OpenAI’s claim he’s on quest to harm startup
Elon Musk fired back at OpenAI’s accusation that he has been waging a “relentless” campaign for more than a year to damage the startup. In a court filing late on Wednesday (May 7), an…
Japan's NTT plans to take NTT Data private for US$16.4 billion
It would launch a tender offer for NTT Data at 4,000 yen (S$35.91) per share, representing a 34% premium from Wednesday’s closing price Japanese telecoms firm Nippon Telegraph and…
Bank Negara Malaysia holds rate at 3% amid output growth, flags tariff risks
Malaysia’s central bank kept its key interest rate steady at 3 per cent on Thursday (May 8), opting for policy stability amid resilient domestic demand and a better-than-expected rebound…
Toyota sees US$1.3 billion profit hit in two months on tariffs
Toyota Motor said US President Donald Trump’s tariffs will result in a 180 billion yen (S$1.6 billion) hit to operating income in just two months, with the Japanese carmaker joining a…
SeaMoney rebrands to Monee, opens new headquarters for digital financial services
Monee will be establishing centres of excellence in product management, artificial intelligence and anti-money laundering Sea’s digital financial services arm has rebranded from SeaMoney…
DBS loan demand to remain strong in H1, full-year growth likely at 5 to 6%: CEO Tan Su Shan
DBS expects its loan demand will remain strong in the first half of 2025, but warned that it may slow in the second half if the trade war persists, said chief executive Tan Su Shan. The…
Chinese automakers crank up sales of cars with combustion engines in Europe
Chinese electric vehicles (EVs) are losing momentum in Europe, but the nation’s automakers are selling more cars than ever in the region by throttling up deliveries of hybrids and…
DBS shares jump more than 2% after earnings beat estimates
DBS shares rose 2.1 per cent or S$0.88 on Thursday (May 8) to reach S$43.64 as at 11.26 am. It bucked the trend among the Singapore banks in morning trade. Shares of UOB inched up 0.03 per…
Zombie oil supertanker in China points to Iran trade workarounds
After buckling under pressure from Beijing and Washington, the clandestine supply chain that carries Iranian crude to China is finding new workarounds. A tanker identifying itself as…
Trump: 'Major' trade deal coming Thursday
President Trump teased a "major trade deal" to be announced Thursday, saying there will be more to come. Source link
Bank of Japan split over how US policies impact rate hikes: March minutes
Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty stemming from US tariff policies heightened,…
Singapore stocks open weaker as Fed leaves rates unchanged; other Asian markets mixed
DBS up on Q1 results, dividend announcement; Reits among most actively traded counters fall in early trade Singapore stocks opened weaker on Thursday (May 8) following the overnight…
DBS Q1 profit falls 2% to S$2.9 billion; pays S$0.75 in dividends
DBS’ net profit for its first quarter fell due to higher tax expenses from the implementation of the 15 per cent global minimum tax, it said on Thursday (May 8). Net profit for the three…
Appeals Court Orders Trump Administration to Transfer Rumeysa Ozturk Back to Vermont
By its unnecessary detention-and-transfer practice, which will likely result in more rulings against it, the Trump administration is not helping its cause. Source link
Trump replaces his nominee for surgeon general
President Trump announced that Dr. Casey Means will be nominated as the next surgeon general, and pulled the nominee whom he had previously announced for the post amid scrutiny of her…
Judge rules Trump can't use Pentagon to get around deportation restrictions
A federal judge told the Trump administration Wednesday that it cannot evade his new rules on carrying out deportations by having them done by the Defense Department rather than Homeland…
Republicans put California's EV mandate on the chopping block
Senate Republicans say they are going to get rid of California's electric vehicle mandate that threatens to drive up car prices, even if it means blowing up the chamber's rules. Source link
GOP lawmakers berate Haverford College president for not discussing discipline for antisemitism
The president of Haverford College was berated by Republican lawmakers in a congressional hearing on campus antisemitism Wednesday, with some suggesting the school should lose federal…
Salt Lake City and Boise make pride flags official city emblems, skirting flag ban laws
The Democratic controlled cities of Salt Lake City and Boise adopted new city flags this week showing support for LGBTQ+ people in defiance of their states' Republican-controlled…
Three college presidents take their lumps at House antisemitism hearing
College presidents were back on the hot seat as House Republicans expanded their investigations into campus antisemitism with three more universities: DePaul, Haverford and California…