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Observers expect volatility in the markets until there is greater clarity on Trump’s policies THE latest rate cut by the US Federal Reserve is expected to bring “some relief” to Asian and…
Observers expect volatility in the markets until there is greater clarity on the new president’s policies THE latest rate cut by the US Federal Reserve is expected to bring “some relief”…
CHINESE billionaire Li Shufu’s Zhejiang Geely Holding Group is in talks with banks for a syndicated loan to refinance borrowings related to its acquisition of a stake in Volvo in 2018,…
Powell leaves door open to another cut in December, depending on the rate of inflation and if the labour market softens further THE US Federal Reserve cut interest rates as expected on…
UOB is actively looking to manage its capital, and hopes it can find ways to take “full advantage” of the excess by the end of this year, said chief executive Wee Ee Cheong. With around…
SOROS Fund Management, founded by billionaire George Soros, plans to shut its Hong Kong office as part of an administrative reorganisation, but said it will continue to invest in Asia.…
GOLDMAN Sachs promoted three Japanese nationals to its highest rank of executives, the most in more than a decade, after a revival in local financial markets helped the Wall Street bank…
SHARES of UOB and OCBC leapt to levels never seen before, with both lenders surpassing street consensus estimates in their third-quarter net profit figures released Friday (Nov 8). As at…
BAIDU is set to unveil a pair of glasses with a built-in artificial intelligence (AI) assistant, putting up a Chinese rival to the Meta Ray-Bans that have proven a rare success in…
The group aims for over S$8 billion in revenue, return on equity of higher than 15%, and net profit margin of over 5% in FY2029 IN-FLIGHT caterer and ground handler Sats is unlikely to…
GOLD prices inched higher on Friday (Nov 8), extending gains spurred by the US Federal Reserve’s widely anticipated quarter-point rate cut amid a cooling labour market and solid economic…
SHARES of Attika Group commenced trading on the Catalist board at S$0.21 on Friday (Nov 8), down 4.5 per cent from its initial public offering (IPO) price of S$0.22. This debut price is…
CHIPMAKER Taiwan Semiconductor Manufacturing Company’s (TSMC) investment plan in the United States remains unchanged, the company said, responding to a question on the election of…
OUTGOING DBS chief executive Piyush Gupta would have done things differently if he were given another chance to build the bank’s technology capabilities. Gupta’s 15-year tenure as head…
UNITED Hampshire US Reit’s distributable income for the third quarter ended Sep 30 declined 14.6 per cent to US$6 million, from US$7.1 million in the previous corresponding period. The…
THE likely departure of US Securities and Exchange Commission (SEC) chair Gary Gensler following Donald Trump’s victory in the presidential race is sparking a rally in cryptocurrencies…
Elwood Edwards, a media multihyphenate who voiced AOL’s iconic greeting “You’ve got mail,” has died. Edwards died Tuesday at age 74 in New Bern, N.C., after a long illness, his former…
UOB’s net profit for the third quarter ended September 2024 rose 16 per cent year on year to S$1.61 billion, from S$1.38 billion the year before. Its results released Friday (Nov 8) beat…
UOB’S net profit for the third quarter ended September rose 16 per cent year on year to S$1.61 billion, from S$1.38 billion the year before. Its results released on Friday (Nov 8) beat the…
BANK of England (BOE) officials said the UK bond sell-off that followed last week’s budget announcement was exacerbated by investor positioning, a signal they believe the worst of the…
EXPEDIA Group posted better-than-expected grossing bookings in the third quarter and said it was raising its full-year guidance, suggesting that demand has proven stronger than the company…
PINTEREST fell in late trading after forecasting weak sales for the holiday quarter, a sign the search and discovery network is struggling to keep pace with larger peers such as Meta…
THE “shareholder primacy” doctrine that promoted profit maximisation as the purpose of business is fading. The increasing wealth gap, widening social inequality and environmental…
THE banking industry is expected to win big as former President Donald Trump returns to the White House, ushering in Republican regulators who are expected to ease capital rules and merger…
