Lifestyle
India’s biggest lender deploys 2,000 bankers to woo the wealthy
STATE Bank of India (SBI), the country’s largest lender, is making a renewed push into wealth management as the number of people getting richer surges.The bank’s wealth management unit...
Gold prices drift higher on US rate-cut optimism
GOLD prices edged higher on Tuesday (Aug 6) from multi-week lows after US central bank policymakers did their best to reassure markets and highlighted the prospect of a September...
Investors bet on RBNZ rate cut next week amid global repricing
INVESTORS and some economists now expect New Zealand’s central bank to start cutting interest rates next week as markets globally ramp up bets on imminent monetary policy easing.The Reserve...
Elon Musk’s X to close San Francisco office, relocate workers
ELON Musk’s X, the social network formerly known as Twitter, will close its San Francisco office, ending the company’s presence in the city where it was founded in 2006.Chief...
SVB bankruptcy plan approved, but US$2 billion FDIC fight lingers
A JUDGE approved SVB Financial Group’s restructuring deal but dealt the company a setback in its fight with federal regulators to recover about US$2 billion it had at its...
Hatten Land files application for judicial management; trading in shares suspended
REAL estate developer Hatten Land on Monday (Aug 5) filed an application to the general division of Singapore’s High Court to be placed under judicial management. In a bourse...
Schwab, Fidelity, other online brokerages face disruption on frenetic trading day
ONLINE services at brokerages Charles Schwab and Fidelity Investments faced an outage on Monday (Aug 5), frustrating investors looking to trade on a day when many dumped anything risky...
Magnificent Seven set to shed US$900 billion in value, led by Apple, Nvidia
APPLE and Nvidia led a sell-off in technology stocks on Monday (Aug 5) as US recession fears and Berkshire Hathaway’s decision to cut its stake in the iPhone maker...
