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Stocks to watch: ThaiBev, Keppel, Kore, Civmec
THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 15):Thai Beverage (ThaiBev): The...
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Morgan Stanley to cut several hundred jobs in wealth unit
MORGAN Stanley is planning to eliminate several hundred jobs, the first such move under chief executive officer Ted Pick. The...
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Oil falls by more than US$1 a barrel on US crude build, security threat worries
OIL futures sank by US$1 a barrel on Wednesday (Feb 14) as surging United States crude inventories pushed down prices...
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CICT’s lower DPU, higher gearing since pandemic may have some investors questioning its strategy
AN AWKWARD question came up during the CapitaLand Integrated Commercial Trust (CICT) financial results briefing last week. One analyst pointed...
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Genetic-testing firm Invitae, backed by SoftBank and Cathie Wood, files for bankruptcy
INVITAE, a genetic-testing company with backers including SoftBank Group and Cathie Wood’s Ark Investment Management, has filed for bankruptcy as...
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Nvidia outstrips Alphabet as third largest US company by market value
NVIDIA overtook Google-parent Alphabet’s stock market capitalisation to become the third biggest US company on Wednesday (Feb 14), days before...
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Wall St opens higher after selloff as traders reassess rate bets
WALL Street’s main indexes opened higher on Wednesday (Feb 14), recovering from a selloff in the previous session after a...
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Greenback rises as hot US inflation cools Fed rate-cut bets
THE US dollar rose to a fresh three-month high against major peers as traders pushed back bets for a Federal...
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German auto supplier Continental says to cut 7,150 jobs
GERMAN auto supplier Continental said on Wednesday (Feb 14) it would cut some 7,150 posts worldwide by 2025 as the...
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Visa halts intermediated commercial card payments in India after regulatory order
VISA said on Wednesday (Feb 14) that the Reserve Bank of India (RBI), which is also the country’s financial market...
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