Leadership
Asia: Markets track Wall Street records after US inflation data
ASIAN equities rallied on Thursday after US data showed inflation cooled last month, fuelling speculation that the Federal Reserve will cut interest rates twice this year.The news sent all...
Money laundering accused Su Jianfeng slapped with six new charges for submitting forged documents to OCBC, Maybank
SU JIANFENG, one of the 10 foreign nationals embroiled in Singapore’s largest money laundering case, was handed six new forgery and fraud charges on Thursday (May 16). He allegedly...
Gold prices edge higher as US dollar, yields soften
GOLD prices edged higher on Thursday (May 16), supported by a softer US dollar and lower Treasury yields after data signalled cooling US inflation, bolstering bets for an interest...
Commodities hit highest in a year, posing new inflation threat
A KEY gauge for raw materials prices rose to the highest level in more than a year, throwing a wrench in central banks’ efforts to tamp down inflation.The Bloomberg...
Stocks to watch: SIA, Seatrium, OUE Healthcare
THE following companies saw new developments that may affect trading of their securities on Thursday (May 16):
Buffett’s Berkshire reveals US$6.7 billion stake in insurer Chubb
WARREN Buffett’s Berkshire Hathaway unveiled a US$6.7 billion stake in insurer Chubb, ending months of suspense over its mystery position in a financial firm, previously kept concealed in regulatory...
Oil rebounds, gains 1% after US crude draw, lukewarm inflation data
OIL prices rose nearly 1 per cent on Wednesday from a two-month low in the prior session as the market balanced bullish US economic and crude storage data against the...
Paramount holds talks with Amazon about expanded partnership
PARAMOUNT Global has had conversations with Amazon.com about expanding the ties between their media businesses, according to sources familiar with the talks.The discussions may not amount to anything, but...
