Leadership
Latest Singapore 6-month T-bill cut-off yield falls to 3.4%; SSB 10-year return at 3.1%
THE cut-off yield on the latest Singapore six-month Treasury bill (T-bill) slid to 3.4 per cent, based on auction results released by the Monetary Authority of Singapore (MAS) on...
Sembcorp inks MOUs with Panbil to pursue low-carbon industrial park projects in Batam
The proposed ventures aim to provide renewable energy solutions to light to medium industries and energy-intensive businessesSEMBCORP, through its wholly owned subsidiary Sembcorp Development, has signed memoranda of understanding...
Gold scales two-week high as Fed nods to likely September rate cut
GOLD prices climbed to a two-week high on Thursday (Aug 1) as US Federal Reserve chair Jerome Powell opened the door to cutting interest rates as early as September.Spot...
PayPal’s turnaround plan faces challenges from competition, analysts say
AS PAYPAL embarks on an ambitious turnaround strategy to revitalise growth after a post-pandemic slump, Wall Street analysts expressed some caution over competition from Big Tech and beyond.The concerns...
China’s BYD seeks entry to Canada EV market despite likely tariffs
CHINESE electric carmaker BYD is looking to enter the Canadian market just as Prime Minister Justin Trudeau’s government works to clamp down on imports of vehicles from the Asian...
AIG reports second-quarter loss due to Corebridge separation
AMERICAN International Group (AIG) booked a loss in the second quarter due to accounting charges tied to the formal separation of life and retirement business Corebridge Financial. AIG lost...
Meta sales beat estimates on advertising growth; shares jump
META Platforms reported better-than-expected sales for the second quarter, offering evidence that the company’s heavy investments in artificial intelligence (AI) are helping it sell more targeted and personalised advertisements.Shares...
Proposed changes to leverage limits for S-Reits make sense given Manulife US Reit’s experience
ON THE final trading day of 2022, the manager of Manulife US Real Estate Investment Trust (MUST) put out an announcement headlined: “Aggregate leverage to remain within regulatory limit...
