Business
Singapore shares end Wednesday higher on UOB results, Budget news; STI up 0.2%
The bank’s Q4 profit of of S$1.52 billion beat analysts’ consensus forecast S$1.48 billion SINGAPORE stocks closed higher on Wednesday…
Swedan Margen
Swedan Margen contributes to L'Officiel Lifestyle with a focus on business and entrepreneurship.
Swedan covers business developments, emerging companies, entrepreneurial stories, and trends influencing industries and the broader economy.
The goal is to bring readers accessible coverage of business stories while highlighting developments, ideas, and opportunities shaping the marketplace.
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Business
HSBC expects cost-cutting drive to hit less than 8% of global headcount
HSBC chief executive officer Georges Elhedery has said that the impact on the bank’s global headcount arising from its drive to cut costs…
Business
China, India natural gas imports will impact Apac prices: panellists
ASIA-PACIFIC should keep an eye on natural gas imports by China and India, whose ongoing pipeline projects will heavily affect regional…
Business
UOB proposes special dividend, share buyback programme as it unveils long-awaited capital return plans
The bank’s disciplined approach of pursuing long-term growth with stability has served it well, says CEO UOB’s board has announced a S$3…
Business
HP to acquire parts of Humane, Ai Pin startup from ex-Apple managers, for US$116 million
HP WILL acquire assets from Humane, the maker of a wearable Ai Pin introduced in late 2023, for US$116 million. The deal will include the…
Business
HSBC unveils share buyback, cost cut targets as new CEO looks to boost returns
HSBC posted an annual profit on Wednesday (Feb 19) that beat estimates, helped by increased revenue in wealth and markets businesses, and…
Politics
Vietnam parliament approves US$8 billion rail link to China
VIETNAM’S parliament on Wednesday (Feb 19) approved plans for an US$8 billion rail link from its largest northern port city to the border…
News
Trump says Musk saved hurricane victims by providing Starlink
President Trump said Elon Musk saved many lives in North Carolina after the state was ravaged by Hurricane Helene. Source link
Politics
Trump says DOGE cost-cutting measures won't affect Social Security, Medicare
President Trump said Tuesday that his administration's cost-cutting measures won't affect entitlements such as Social Security and…
Business
Hong Kong eyes crypto derivatives, margin lending in digital asset push
HONG Kong is considering approving derivatives and margin lending in virtual assets for some investors, its financial regulator said on…
Politics
Catholic bishops sue Trump administration to demand restart of refugee money
The U.S. Conference of Catholic Bishops sued the Trump administration on Tuesday, asking a federal judge to order the State Department to…
Business
Singapore evolves to meet commodity sector’s changing needs amid trade tensions: EnterpriseSG’s Cindy Khoo
IN A much more complex global trade environment, Singapore will focus on growing new trade flows, specialised trade expertise and…
Business
FTX refunds: Temasek, BlackRock, SoftBank, Sequoia, Tom Brady, Shaquille O’Neal likely beneficiaries
AFTER more than two years of hand-wringing, creditors of bankrupt crypto exchange FTX are heaving a sigh of relief as the trading…
Politics
Trump says Musk implementing his executive orders
President Trump said that "a lot" of his executive orders will be codified into law, after he credited Elon Musk with helping get his…
Business
UOB hits a fresh high, with Singapore’s STI reaching yet another record
At the open, the counter edges up 1.3 per cent or S$0.50 to an all-time high of S$39.15 SHARES of UOB rose to a new high on Wednesday (Feb…
Politics
Trump DOJ’s Eric Adams Dismissal Heading for Constitutional Controversy
What authority, if any, does the court have to force the Justice Department’s hand? Source link
Business
Borrowing strain hits NAB’s Q1 profit, shares dive
NATIONAL Australia Bank, the country’s biggest business lender, said on Wednesday that first-quarter profit slipped as competition for…
Politics
China revamps power market rules in challenge to renewables boom
CHINA’S unprecedented boom in renewable energy is facing a fresh challenge from government rules that will allow market forces to…
Politics
Trump instructs Justice Department to fire Biden-era U.S. attorneys
President Trump called on the Justice Department to fire all U.S. attorneys left over from the Biden administration. Source link
Business
Singtel’s Q3 profit surges 183.4% to S$1.3 billion on exceptional gains
SINGTEL’S net profit for the third quarter ended Dec 31 climbed 183.4 per cent to S$1.3 billion from S$465 million in the same period the…
Politics
Kansas Republicans override veto of bill banning gender-transition drugs, surgeries for minors
For the third time, Kansas Gov. Laura Kelly vetoed a bill banning gender-transition procedures for minors, but for the first time,…
Politics
Tens of millions of dead people aren't getting Social Security checks, despite Trump and Musk claims
The Trump administration is falsely claiming that tens of millions of dead people over 100 years old are receiving Social Security…
Business
Meta says it plans to build the world's longest undersea internet cable
Facebook’s parent company Meta said it’s working on the world’s longest undersea cable as part of the social media giant’s efforts to…
Business
Former OpenAI tech chief Murati launches AI startup, poaching staff from ChatGPT maker
FORMER OpenAI chief technology officer Mira Murati launched an AI startup called Thinking Machines Lab on Tuesday, with a team of about 30…