Business
NYSE to launch in Texas, escalating listing venue competition
THE New York Stock Exchange announced on Wednesday (Feb 12) it will launch an exchange in Texas, increasing competition among listing…
Section
Business
Business
NYSE plans Texas exchange as financial firms flock to state
THE New York Stock Exchange (NYSE) plans to start an equities exchange in Texas, the latest firm seeking a slice of the financial services…
Business
CPI Report: Inflation Rose Unexpectedly in January
U.S. inflation rose to 3 percent in January, strengthening the case for the Federal Reserve to extend a pause on interest rate cuts. The…
Business
US: Wall St opens sharply lower as hot inflation data dents rate cut hopes
WALL Street’s main indexes dropped at the open on Wednesday (Feb 12), as a hotter-than-anticipated inflation reading added to concerns…
Business
iFast Q4 net profit up 46.3% to S$19.3 million
DIGITAL bank and wealth management platform iFast has reported a 46.3 per cent increase in net profit to S$19.3 million for the fourth…
Business
Roundtable aims to unpack regenerative cotton farming in Egypt
The discussions highlighted the importance of brands offering financial and technical support, as well as opening markets for cotton…
Business
Elon Musk’s Oval Office Talk Dispels Doubts About His Power
We’ve got some more thoughts on Elon Musk’s $97 billion hostile bid for Sam Altman’s OpenAI, which, we’re told, still hasn’t been…
Business
Alibaba becomes China’s new AI darling with US$87 billion rally
THE frenzy over Chinese artificial intelligence is turning Alibaba Group Holding into an investor favourite again, injecting new life into…
Business
Digital Core Reit H2 DPU up 1.1 per cent to US$0.018
DIGITAL Core Real Estate Investment Trust (Reit) posted a distribution per unit (DPU) of US$0.018 for the six months ended Dec 31, 2024,…
Business
DBS appoints group audit head Derrick Goh as group COO
SINGAPORE’S largest lender DBS has appointed its current group audit head, Derrick Goh, to assume the newly created role of group chief…
Business
DBS appoints group audit head Derrick Goh as group COO, a newly created role
SINGAPORE’S largest lender DBS has appointed its current group audit head, Derrick Goh, to assume the newly created role of group chief…
Business
Hanwha Group’s Pinetree Securities joins Alta Exchange as member firm
PINETREE Securities, the Singapore-based unit of South Korea’s Hanwha Investment & Securities, has joined Alta Exchange as a member firm.…
Business
California faces 'unprecedented' population shift
California is facing an "unprecedented" population shift, with a dramatic increase in the older adult population expected by 2040,…
Business
Singapore shares track regional gains; STI up 0.4%
Across the broader market, gainers beat losers 347 to 186, after 1.9 billion securities worth S$1.5 billion change hands SINGAPORE stocks…
Business
How Did DeepSeek Build Its A.I. With Less Money?
Last month, U.S. financial markets tumbled after a Chinese start-up called DeepSeek said it had built one of the world’s most powerful…
Business
Citi Private Bank hires Hoo Peng Han as it rebuilds family office team in Asia
CITI Private Bank has hired Hoo Peng Han as a director of its global family office group in Asia, as it rebuilds its family office team in…
Business
Indian central bank’s surprise, outsized intervention eases bearish bias on rupee
THE Indian central bank’s unexpected and decisive intervention in the foreign exchange markets over the past two days, worth as much as…
Business
A*Star officially launches S$38 million MedTech Catapult to drive medical device commercialisation
THE Agency for Science, Technology and Research (A*Star) on Wednesday (Feb 12) launched MedTech Catapult, an initiative meant to…
Business
A*Star launches S$38 million MedTech Catapult to drive medical device commercialisation
THE Agency for Science, Technology and Research (A*Star) on Wednesday (Feb 12) launched MedTech Catapult, an initiative meant to…
Business
Retirees should build nest egg of at least S$550,000 for ‘conservative’ needs, but Gen Zs, millennials could fall behind: DBS
BY 2030, a 65-year-old retiree would need a nest egg of at least S$550,000 to meet expenses based on “conservative needs” for 20 years.…
Business
GlobalFoundries sinks into the red with US$730 million Q4 loss due to impairment charge
GLOBALFOUNDRIES, which operates a wafer plant in Singapore, sunk into the red with a net loss of US$730 million for its fourth quarter…
Business
Commerzbank plans job cuts, new targets to keep UniCredit away: sources
GERMANY’S Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy’s…
Business
China’s record mergers in 57 trillion yuan small banking sector raise future risks
CHINA oversaw its largest-ever wave of rural bank mergers last year, a Reuters review of official data showed, but analysts say Beijing’s…
Business
ABS introduces digital tool for banks to verify trade financing documents
BANKS in the Republic can now better tackle trade finance fraud with a new automated digital tool that checks the authenticity of bills of…