Lifestyle
Kraken expands crypto institutional services to UK, Australia
CRYPTO exchange Kraken’s recently launched institutional business unit has begun offering custody services to customers in the United Kingdom and Australia.Kraken Institutional is designed for users such as hedge...
Amazon Prime Day drives US online sales up 11% to US$14.2 billion
US SHOPPERS spent US$14.2 billion online during Amazon.com’s 48-hour Prime Day sale, up 11 per cent from a year ago and in line with estimates, according to Adobe.
Consumers took...
Yen retreats from 6-week high against greenback
THE Japanese yen grazed six-week highs before retreating against the US dollar on Thursday (Jul 18), keeping traders alert to any signs of official buying. The euro held steady,...
Abbott raises annual profit forecast as strong medical device sales power quarterly beat
The company now expects a profit of US$4.61 to US$4.71 per share for the full yearABBOTT Laboratories raised its annual profit forecast and beat Wall Street estimates for second-quarter...
Sats to partner Japan’s Mitsui in expanding its food solutions business
SATS will partner Japanese trading and investment company Mitsui & Co to develop and grow their respective food and retail solutions businesses.A new wholly owned subsidiary has been established...
Proposed Allianz-Income deal will push German financial giant to top five insurers in Singapore
THE proposed offer from Allianz to acquire a majority stake in Income Insurance is likely to cement its position as the top general insurer in Singapore, a high-growth insurance...
LVMH names third Tag Heuer CEO in a year in latest shakeup
LVMH named its third chief executive officer of watch brand Tag Heuer in just a year in the latest management shakeup for the division that’s now led by the...
Hong Kong fund’s Fancl stake portends challenge to Kirin bid
INVESTORS are betting that Kirin Holdings will need to raise its offer price for Fancl to complete a proposed takeover, as concerns among shareholders that it’s undervaluing the Japanese...
👷 Constructing your first investment portfolio (examples included)
🧢 RecapBefore we jump into examples, here’s a recap of what investment portfolios are all about:A portfolio is a collection of valuable assets you own for investingThese assets can...
Keppel inks MOU with Sojitz to pursue clean energy business ventures in Asia-Pacific
GLOBAL asset manager Keppel, through its infrastructure division, on Thursday (Jul 18) signed a memorandum of understanding (MOU) with Tokyo-based investment and general trading company Sojitz, to pursue decarbonisation...