Gold eases as tariff risks fade, US$7,000 on the table
Market watchers caution that heavy speculative bets could trigger price corrections if sentiment falters Gold slipped as much as 1 per cent in Asian trading on Thursday (Jan 22) morning…
Section
Fashion
Circles.Life to increase platform fee from S$0.30 to S$0.70 from Feb 1, drawing criticism online
Customers of local telco Circles.Life will need to pay almost double in platform fees from Feb 1, with the move drawing criticism from some quarters online. The fee will go up to…
The SGX-NYSE tie-up didn’t take off, but conditions today may spell success for SGX-Nasdaq dual listing
Rising interest rates and post-pandemic situation weighed on market in 2022, but that has changed There has been much buzz regarding the Singapore Exchange’s (SGX) move to roll out a new…
A couple of micro-cap SGX companies are surging – but investors should think twice before biting
Acma and Sitra have not offered compelling growth stories, so their share price gains may not be sustainable WHILE most Singaporeans are fretting over their ability to save S$1 million for…
Trump says he may be down to one candidate to head the Fed
[DAVOS, Switzerland] US President Donald Trump on Wednesday indicated he was close to choosing the new chair of the Federal Reserve, adding he liked the idea of keeping White…
Oil prices settle higher on force majeure at Kazakh field, slow Venezuela exports
Oil prices closed 0.5 per cent higher on Wednesday on optimism around tighter supply after a temporary shutdown at two large fields in Kazakhstan and as low volume of Venezuelan…
US stocks: Wall Street ends higher on Greenland framework deal
three Wall Street benchmarks closed higher on Wednesday, buoyed by the news that a framework for an agreement on Greenland had been reached, averting the possibility of new US…
Rob Hirst: Legendary Drummer of Midnight Oil Dies Aged 70 After Long Fight with Pancreatic Cancer
The global music world is mourning the loss of legendary Midnight Oil drummer, Rob Hirst, who has died at 70 after a nearly three-year fight with pancreatic cancer. Hirst is survived by…
UOB’s Sydney branch prices A$2 billion in five-year notes
They comprise A$750 million in floating-rate notes and A$1.25 billion in fixed-rate notes UOB’s Sydney branch has priced a combined A$2 billion (S$1.7 billion) in two tranches of five-year…
Asian equities hold ground as Japan bond jitters ease; Wall Street up in early trade
Spillover from Japan’s debt market moves appear limited as regional investors turn to policy signals from Davos Asian equity markets remained on a stable footing on Wednesday (Jan 21),…
OpenAI seeks to increase global AI use in everyday life
It aims to expand the reach of its products and close the gap between countries with and without access to AI OpenAI is expanding its efforts to convince global governments to…
A spooky immersive game is happening at the old Griffith Park Zoo
The remains of the original Griffith Park Zoo are imbued with memories of the past. Forgotten animal pens, decaying cages and stony backdrops now sit in various states of abandonment. It…
California crypto startup moves to South Dakota as debate over proposed wealth tax heats up
California cryptocurrency startup BitGo has moved to South Dakota ahead of its initial public offering and amid a heated debate about a proposed ballot measure to tax billionaires. The…
AirAsia seeks to start Bahrain hub this year, deputy CEO says
The low-cost carrier has raises RM 1 billion in a private placement as part of the restructuring exercise Regional low-cost carrier AirAsia is seeking to start its Middle East hub…
Aims Apac Reit trustee issues S$150 million perpetual securities at 4.1%
The perps are issued under a S$750 million multicurrency debt issuance programme started in November 2018 The trustee of Aims Apac Reit (AA Reit), HSBC Institutional Trust Services…
China’s hotels allege predatory pricing, forced exclusivity in Trip.com antitrust probe
China’s hotels are welcoming record numbers of travellers, yet room rates are sinking – a paradox many operators blame on Trip.com Group. For Gary Huang, running a five-room homestay in…
Lululemon pauses online sales of sheer leggings that are not ‘squat proof’
This is its latest setback as it tries to win back customers, revive growth, and find a new CEO Lululemon Athletica removed a new line of training apparel from its website just…
L'oreal to invest US$383 million in Indian beauty tech hub
French cosmetics giant L’oreal said on Wednesday (Jan 21) it will set up a beauty tech hub in the south Indian city of Hyderabad with an initial investment of US$383.4 million. The hub…
Maybank lifts ROE target to 13-14% by 2030 in new five-year strategy ahead of Q4 earnings
It will invest RM10 billion in its technology, data and AI strategy over the next five years Malaysian lender Maybank on Tuesday (Jan 20) unveiled a new five-year plan outlining a…
OpenAI to start offering chatbot ads to advertisers, The Information reports
OPENAI has started offering its new chatbot ads to dozens of advertisers, The Information reported on Tuesday, citing people familiar with the matter. OpenAI is asking that to a small pool…
Singapore a ‘safe harbour’ amid global volatility with Singdollar set to gain: Julius Baer
The wealth manager urges investors to look to growth areas for portfolio diversification The Republic represents a “safe harbour” amid a volatile and rapidly shifting macroeconomic…
Bitcoin dips back below US$90,000 as global selloff deepens
BITCOIN slid to its lowest level in more than a week, tracking a sharp selloff across global financial markets as investors continued to de-risk amid ongoing geopolitical tensions. The…
Stocks to watch: SIA, FLCT
The following companies saw new developments that may affect trading of their securities on Wednesday (Jan 21): Singapore Airlines (SIA): The national carrier on Tuesday announced that it…
Democratic senators demand records on Powell probe
US DEMOCRATIC senators Elizabeth Warren and Dick Durbin on Tuesday called for President Donald Trump’s administration to turn over records related to the Justice Department’s criminal…