Lifestyle
US dollar firm as traders await Fed clues; sterling steadies
THE greenback rose on Wednesday (May 22) as investors awaited Federal Reserve meeting minutes for insight into the central bank’s interest rate path, while the pound steadied after climbing...
US consumer watchdog will apply credit card rules to buy now, pay later companies
THE US Consumer Financial Protection Bureau (CFPB) will apply some credit card consumer protection rules to buy now, pay later (BNPL) lenders, the agency said on Wednesday (May 22),...
Australia takes Singtel-owned Optus to court over 2022 cyberattack
AUSTRALIA’S media regulator is taking legal action against telecom carrier Optus, owned by Singapore Telecommunications, over a cyberattack it faced in September 2022, the telecom operator said on Wednesday...
China’s securities firms rein in pay packets as pressures mount
ALTHOUGH Chinese securities firms’ pay packets are still among the highest in the country, they are now in the shadow of an industry-wide pay cut, under pressure from the...
Analysts weigh impact on SIA brand following turbulence tragedy
INDUSTRY observers and analysts believe that the Singapore Airlines (SIA) brand is unlikely to suffer significantly following the severe turbulence incident on Tuesday (May 21) that resulted in one...
China’s central bank guides banks to step up lending in May: sources
CHINA’S central bank has guided some commercial banks to accelerate the pace of lending in May, four sources with knowledge of the matter said, after broad credit growth in...
Chinese tech stocks still have valuation appeal after rally
THE cheap valuations for Chinese tech stocks are appealing to more investors after an earnings season with better profits, more buybacks and dividends.
JD.com raises US$1.75 billion in convertible bonds
JD.COM sold US$1.75 billion of bonds due in five years that can be converted into the Chinese e-commerce retailer’s equity.
