Culture
Flight to quality, dividends lift DBS and OCBC to all-time highs, but analysts warn valuations look expensive
[ad_1] Among Singapore banks, UOB lags peers as investors await greater earnings clarity[SINGAPORE] Attractive dividend yields have pushed DBS and OCBC to fresh all-time highs, and will likely continue to...
Jefferies takes US$30 million hit on First Brands as profit drops
[ad_1] [NEW YORK] Jefferies Financial Group posted a drop in quarterly profit as the bank took a US$30 million pre-tax loss tied to the collapse of auto-parts supplier First Brands...
JPMorgan to replace Goldman as Apple Card issuer
[ad_1] The deal is subject to regulatory approvals and is not expected to close for roughly two years[BENGALURU] JPMorgan Chase and Apple on Wednesday (Jan 7) announced a deal under...
ExxonMobil signals lower oil prices could hit fourth-quarter upstream profit
[ad_1] US OIL major ExxonMobil said on Wednesday that lower crude oil prices could cut its fourth-quarter upstream earnings by about US$800 million to US$1.2 billion.Oil prices declined 9.2 per cent...
World’s worst bond market faces another big supply shock
[ad_1] A major driver in the increase in net supply is the central bank’s slowdown in buying[TORONTO] Japan’s government bond market is set for another tough year as investors contend...
Chinese refiners expected to replace Venezuelan oil with Iranian crude
[ad_1] Analysts say the Venezuela drama hits ‘teapots’ the hardest, and do not foresee them bidding up for unsanctioned barrels[SINGAPORE] Chinese independent refiners are expected to switch to heavy crude...
Wall St opens muted after AI-driven rally; labour data in focus
[ad_1] [NEW YORK] Wall Street’s main indexes opened muted on Wednesday (Jan 7), as investors took a breather after an AI-driven rally in the previous session, while awaiting a labour...
US seizing Venezuela-linked, Russian-flagged oil tanker after weeks-long pursuit
[ad_1] [WASHINGTON] The United States is attempting to seize a Russian-flagged oil tanker with links to Venezuela after a more than two-week-long pursuit across the Atlantic and as a Russian...
AI ‘fatigue’ leaves investors focused on S&P’s other 493 stocks
[ad_1] A growing number of investors are now wagering that run, led by the Magnificent Seven, is about to end[NEW YORK] Bets on artificial intelligence companies have dominated US equity...
Oil falls after Trump says Venezuela will supply to US
[ad_1] [LONDON] Oil prices fell on Wednesday (Jan 7) after President Donald Trump said the United States had reached a deal to import up to US$2 billion worth of Venezuelan...
