Entrepreneurship
Singapore stocks edge lower ahead of key US data; STI down 0.2%
[SINGAPORE] Singapore stocks ended lower on Tuesday (Dec 16), ahead of a slate of US economic data due later in the day.The benchmark Straits Times Index (STI) fell 0.2...
‘Shadow banking’ growing at double the rate of traditional lenders, FSB says
The sector’s rapid growth alarms regulators over weak transparency and risks spilling into broader financial markets[LONDON] The non-bank financial sector’s share of global assets grew to 51 per cent,...
DBS, OCBC hit new records but UOB lags
The new records follow DBS’ appointment by the Chinese central bank to be the first local bank to serve as a yuan clearing lender[SINGAPORE] Shares of two local banks,...
Gold edges higher on US rate outlook; silver dips but stays near record high
[BENGALURU] Gold prices edged higher on Tuesday (Dec 16), supported by expectations of a US interest rate cut in January, as investors awaited key jobs data due later in...
JPMorgan debuts first money market fund tokenised on Ethereum
MONY, open to qualified investors, allows them to earn a yield while holding the token on the blockchain[NEW YORK] JPMorgan Chase’s asset management arm is launching its first ever...
Stocks to watch: Singapore Airlines, CSE Global, ST Engineering, Raffles Education
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Dec 16): Singapore Airlines (SIA) : The national carrier recorded passenger traffic of...
Stocks to watch: Singapore Airlines, CSE Global, ST Engineering
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Dec 16): Singapore Airlines (SIA) : The national carrier recorded passenger traffic of...
PayPal applies to become a bank as US loosens regulatory reins
The application comes on the heels of a number of cryptocurrency firms gaining preliminary regulatory approval to become banks last week[NEW YORK] PayPal Holdings applied to become a bank...
JetBlue flight averts mid-air collision with US Air Force jet
[WASHINGTON] A JetBlue passenger jet bound for New York took evasive action on Friday to avoid a mid-air collision with a US Air Force tanker plane near Venezuela, a...
Ford scales back EV ambitions, forecasts US$19.5 billion write-down
The company will focus on a family of smaller, affordable electric vehicles insteadFORD on Monday announced a major retreat from large electric vehicles, planning a write-off of about US$19.5...
UPS buys hundreds of robots to unload trucks in automation push
Unloading trucks and shipping containers at warehouse docks is mostly done by people and remains a key bottleneck in the shipping industry[SEATTLE] United Parcel Service (UPS) will invest US$120...
Oil prices fall as supply outlook offsets disruptions in Venezuelan flows
[DENVER] Oil prices slid on Monday as investors balanced disruptions linked to escalating US-Venezuelan tensions with oversupply concerns and the impact of a potential Russia-Ukraine peace deal.Brent crude futures settled down...