Lifestyle
Europe: Shares suffer worst day in over 6 weeks as rate jitters persist
EUROPEAN shares declined on Wednesday as worries that global interest rates will stay elevated for longer pushed bond yields higher, with fresh evidence of persistently high inflation in the region’s...
US: Stocks slide amid worries over interest rates
WALL Street stocks fell on Wednesday as rising Treasury bond yields prompted a wave of selling after recent records.“Now that the (first-quarter earnings) period is essentially over, inflation and interest rates...
Fossil fuel players turn to private markets where transition gets wider definition
PRIVATE markets investors in Asia are stepping in where banks will not tread, offering financing and doing deals in the brown spaces of fossil fuels and extractive industries.
Willingness to...
US tells owners to stop driving older Nissan vehicles over airbag concerns
Owners of nearly 84,000 older Nissan vehicles in the United States equipped with recalled, unrepaired Takata airbags should immediately stop driving them due to a safety hazard, the US...
Sats H2 profit surges more than 10 times to S$64.1 million on aviation recovery, WFS acquisition
IN-FLIGHT caterer and ground handler Sats reported earnings of S$64.1 million for the six months ended Mar 31, a jump of more than ten times from the S$6 million...
Abercrombie raises outlook, extending ‘90s fashion comeback
Abercrombie & Fitch raised its full-year outlook after it blew past first-quarter sales estimates and extended its bounce back from the teen fashion graveyard.The retailer now expects net growth...
Goldman racks up US$21 billion for its largest private credit pool
Goldman Sachs Group has put together US$21 billion for private credit wagers, its biggest war chest yet for Wall Street’s buzziest asset class.The firm just closed the latest iteration...
Demand for latest Singapore Savings Bonds hits year-to-date high
DEMAND for the latest tranche of the Singapore Savings Bonds (SSBs) has reached a year-to-date high, with its 10-year average return having hit a new peak for the year...
Yangzijiang steams ahead, but STI dips 6.89 points in line with Asian market slide
THE Straits Times Index (STI) ended Wednesday (May 29) at 3,323.2, down 6.89 points or 0.2 per cent, as most markets across Asia witnessed a decline. Advancers were outnumbered...
OCBC doubles down on Greater China growth, aims to invest HK$1.5 billion into its tech and facilities in the region
OCBC is banking on China’s improving economic condition and resultant positive spillovers into Asia as key growth drivers, as it plans further investments into its services across the Greater...