Convergence of financial services presents opportunities for remisiers in S’pore, say market watchers

Convergence of financial services presents opportunities for remisiers in S’pore, say market watchers

[SINGAPORE] Stock brokerages need to transform as they grapple with changes across the financial sector, said PhillipCapital founder and executive chairman Lim Hua Min. Lim noted that brokerages, banks and other financial services are converging, blurring the lines that have marked out these operations and creating new opportunities in the process. Remisiers, for example, could…

Read More

Wealth management opens door for Singapore remisiers

Convergence of financial services presents opportunities for remisiers in S’pore, say market watchers

[SINGAPORE] Stock brokerages need to transform as they grapple with changes across the financial sector, said PhillipCapital founder and executive chairman Lim Hua Min. Lim noted that brokerages, banks and other financial services are converging, blurring the lines that have marked out these operations and creating new opportunities in the process. Remisiers, for example, could…

Read More

Mini ‘sell America’ vibe revived after Moody’s downgrades US

Mini ‘sell America’ vibe revived after Moody’s downgrades US

[NEW YORK] Investors faced yet another bumpy start to the trading week with US assets coming under fresh pressure, although it’s mounting concern over American debt rather than tariffs generating the volatility this time. US equity and bond futures retreated with the US dollar in early Asia trading after Moody’s Ratings announced on Friday (May…

Read More

Bessent calls Walmart CEO after Trump lashes out over price hikes

Bessent calls Walmart CEO after Trump lashes out over price hikes

[WASHINGTON] The US Treasury chief said on Sunday he had called Walmart’s CEO, a day after President Donald Trump blasted the company for hiking prices over his tariffs and urged it to “eat” the costs. The massive American retailer on Thursday warned as it reported quarterly earnings that at least some of Trump’s tariffs would be…

Read More

Upbeat outlook for US stocks but risks remain

Upbeat outlook for US stocks but risks remain

US equity markets have endured a turbulent week, initially expending their post-April rally pullback following comments from Federal Reserve chairman Jerome Powell. His remarks on a revised monetary policy framework hinted at rising long-term interest rates and suggested that “supply shocks” may be a norm in the economic landscape. This propelled US 30-year Treasury yields…

Read More

Who Was America Yamilet Sanchez? First Mexican Navy Cadet Killed after Ship Collided with Brooklyn Bridge Identified as Young Veracruz Native

Who Was America Yamilet Sanchez? First Mexican Navy Cadet Killed after Ship Collided with Brooklyn Bridge Identified as Young Veracruz Native

One of the two people who died in Saturday’s Brooklyn Bridge ship collision was a 20-year-old female cadet from the Mexican Navy, hailing from Veracruz, according to the state’s governor on Sunday. The second cadet killed in the harrowing crash hasn’t yet been identified by the authorities. América Yamilet Sánchez, of Xalapa—the capital of Veracruz—died…

Read More