Lifestyle
Goldman, Morgan Stanley are backstopping riskiest slices of CLOs
GOLDMAN Sachs Group and Morgan Stanley are increasingly willing to temporarily hold onto some of the riskiest parts of new collateralized loan obligations (CLOs), in a bid to win...
Stocks to watch: Haw Par, Ho Bee Land, Bumitama Agri, Straits Trading, Gallant Venture
THE following companies saw new developments that may affect trading of their securities on Tuesday (Feb 27): Haw Par: The mainboard-listed group’s net profit rose 58.1 per cent for...
Hong Kong prepares sweeping rules to foil stealthy crypto purchases
DOTTED across Hong Kong are small shops that convert between cash and crypto with few questions asked, a modern-day echo of the city’s freewheeling past. Soon, many may shut...
Shein considers London IPO amid US resistance to listing
FAST-FASHION company Shein is considering the possibility of switching its initial public offering (IPO) to London from New York because of hurdles to the listing in the United States,...
Bitcoin tops US$57,000 as big buyers circle
BITCOIN hit a two-year high on Tuesday (Feb 27) on signs of large players buying the cryptocurrency, while smaller rival ether topped US$3,200 for the first time since 2022....
Zoom gains after sales top estimates on enterprise customers
ZOOM Video Communications reported quarterly sales and profit that topped analysts’ estimates, a sign that corporate customers are sticking with the software company. The shares gained more than 10...
Google steps up Microsoft criticism, warns of rival’s monopoly in cloud computing
ALPHABET’S Google Cloud on Monday ramped up its criticism of Microsoft’s cloud computing practices, saying its rival is seeking a monopoly that would harm the development of emerging technologies such...
High capital expenditure, tech changes could dampen outlook for data-centre S-Reits
ANALYSTS are optimistic that Singapore-listed real estate investment trusts (S-Reits) with exposure to data-centre assets will benefit from plans announced in Budget 2024 to ride on the artificial intelligence...
