Lifestyle
CDL group CEO Sherman Kwek gives up long-term incentive of S$1.35 million; total compensation for FY2024 down 15.4%
[SINGAPORE] City Developments Ltd (CDL) group chief executive officer Sherman Kwek has voluntarily forgone his long-term incentive grant of S$1.35 million for financial year 2024, based on CDL’s annual...
Venture capitalist Finian Tan of US$33.3m duped in alleged nickel scam
[SINGAPORE] Well-known venture capitalist Finian Tan told the High Court on Tuesday (Apr 8) that he was red-faced by the loss to alleged fraudster Ng Yu Zhi.
“I am embarrassed...
Risks of bad loans, slowdown in region spark cuts in banks’ target prices; DBS downgraded to ‘sell’, OCBC, UOB get ‘hold’ rating
[SINGAPORE] Analysts have downgraded their outlook on Singapore banks amid concerns of weaker loan growth and higher credit costs, as Trump’s tariffs threaten a global trade war. UOB Kay...
Chinese state funds plan to buy stocks as market rout deepens
Chinese officials have been discussing front-loading potential stimulus to offset the impact of tariffs[NEW YORK] China’s state-backed funds are planning to buy local stocks in a bid to support...
Gold prices recover as trade war tensions lift safe-haven demand
[BENGALURU] Gold prices edged higher on Tuesday (Apr 8) from a near four-week low reached in the previous session, as heightened concerns over the global trade war between the...
Chinese shipping earnings face ‘harder-than-expected’ tariff hit as recession risks rise
[HONG KONG] Chinese shippers may see an outsized hit on earnings as the latest tariffs from US President Donald Trump risk hammering global trade.Container liners such as Cosco Shipping...
Apple customers dash to stores to buy iPhones ahead of tariffs
[NEW YORK] The Trump administration’s threat of massive new tariffs has sent Apple’s share price plummeting, but it also brought a short-term benefit: customers rushing to retail stores to...
Oil prices slide 2% to near 4-year low as US trade conflict fuels recession fears
[NEW YORK] Oil prices slid 2 per cent to a near four-year low on Monday on worries US President Donald Trump’s latest trade tariffs could push economies around the world into...
