Culture
HSBC to book US$1.1 billion provision after Luxembourg court ruling in Madoff case
HSBC Holdings said on Monday it will recognise a provision of US$1.1 billion in its third-quarter results after a Luxembourg court ruling in a long-running lawsuit tied to the...
Novartis agrees to buy Avidity in US$12 billion biotech deal
[NEW YORK] Novartis agreed to buy biotechnology company Avidity Biosciences in a deal that values it at US$12 billion, according to the Swiss drugmaker.Novartis will pay US$72 a share...
A gold crash everyone saw coming lures bargain hunters worldwide
AS pictures of queues outside gold stores flooded social media over the past month, professional precious metals traders were getting increasingly nervous.Gold is “an overcrowded trade that’s overextended by...
Q3 reporting season kicks off with growth in S-Reits’ distributions
[SINGAPORE] The latest earnings season for Singapore-listed real estate investment trusts (S-Reits) has commenced, with seven trusts reporting their latest financial results or business updates over the past week.Of...
Europe: Shares close at record high on US data, trade hopes
[BENGALURU] European shares closed at a record high on Friday (Oct 24), boosted by cooler than expected US inflation data and hopes of an easing in US-Chinese trade tensions,...
7 Affordable AI Fitness Apps for Beginners
Personal trainers in the United States average about $55 an hour—roughly $440 a month for two weekly sessions. By comparison, the seven affordable AI fitness apps for beginners in...
China’s central bank pledges flexible monetary policy to support growth
[BEIJING] China’s central bank pledged on Friday (Oct 24) to calibrate the intensity, timing and pace of monetary policy based on economic conditions to support stable growth.The People’s Bank...
Singapore shares rise ahead of US-China meeting; STI up 0.1%
Across the broader market, gainers beat decliners 369 to 166, as 1.6 billion securities worth S$1.4 billion change hands[SINGAPORE] US President Donald Trump’s upcoming meeting with Chinese President Xi...
Tesla offers S$5,000 incentive to drive EV adoption in Singapore, launches two new Supercharging stations
The new sites, with four Superchargers each, are at Resorts World Sentosa and Changi City Point[SINGAPORE] Tesla has announced new commercial initiatives in Singapore to encourage the adoption of...
PropNex unit, agent sued by Hao Mart over Orchard Road lease for over S$3.5 million
[SINGAPORE] Supermarket chain Hao Mart has filed a lawsuit against a wholly owned unit of mainboard-listed PropNex and one of its agent, alleging misrepresentation in the leasing of the...