Business
Chevron to Lay Off Up to 20% of Staff
Chevron, the second-largest U.S. oil and gas company, said on Wednesday that it would lay off as much as 20 percent of its work force, or…
Section
Business
Business
DHS says it forced NYC to repay $59 million in migrant hotel money
Homeland Security said Wednesday that it has clawed back $59 million in taxpayer money that was recently paid out to New York City to take…
Business
Trust Account Secrets: What Banks Don't Tell You
Trust banking might sound like a boring topic, but it’s actually pretty important. It’s all about managing your money and assets in a way…
Business
FCC Chair Orders Investigation Into Comcast’s DEI Practices
Brendan Carr, the chairman of the Federal Communications Commission, has ordered an investigation into the diversity, equity and inclusion…
Business
Stock Market Falls After Inflation Report
Stocks and bonds slumped on Wednesday, as fresh inflation data highlighted Wall Street’s sensitivity to rising price across the economy…
Business
Elon Musk’s Attacks on CFPB Remove Obstacle to Building ‘X Money’
Elon Musk, the world’s richest man, is widely known for amassing his fortune through Tesla, his electric car company, and SpaceX, the…
Business
Thomson Medical incurs net loss of S$12.9 million for H1 2025
HEALTHCARE provider Thomson Medical has posted a net loss of S$12.9 million for the first half of its 2025 fiscal year ending Dec 31,…
Business
NYSE to launch in Texas, escalating listing venue competition
THE New York Stock Exchange announced on Wednesday (Feb 12) it will launch an exchange in Texas, increasing competition among listing…
Business
NYSE plans Texas exchange as financial firms flock to state
THE New York Stock Exchange (NYSE) plans to start an equities exchange in Texas, the latest firm seeking a slice of the financial services…
Business
CPI Report: Inflation Rose Unexpectedly in January
U.S. inflation rose to 3 percent in January, strengthening the case for the Federal Reserve to extend a pause on interest rate cuts. The…
Business
US: Wall St opens sharply lower as hot inflation data dents rate cut hopes
WALL Street’s main indexes dropped at the open on Wednesday (Feb 12), as a hotter-than-anticipated inflation reading added to concerns…
Business
iFast Q4 net profit up 46.3% to S$19.3 million
DIGITAL bank and wealth management platform iFast has reported a 46.3 per cent increase in net profit to S$19.3 million for the fourth…
Business
Roundtable aims to unpack regenerative cotton farming in Egypt
The discussions highlighted the importance of brands offering financial and technical support, as well as opening markets for cotton…
Business
Elon Musk’s Oval Office Talk Dispels Doubts About His Power
We’ve got some more thoughts on Elon Musk’s $97 billion hostile bid for Sam Altman’s OpenAI, which, we’re told, still hasn’t been…
Business
Alibaba becomes China’s new AI darling with US$87 billion rally
THE frenzy over Chinese artificial intelligence is turning Alibaba Group Holding into an investor favourite again, injecting new life into…
Business
Digital Core Reit H2 DPU up 1.1 per cent to US$0.018
DIGITAL Core Real Estate Investment Trust (Reit) posted a distribution per unit (DPU) of US$0.018 for the six months ended Dec 31, 2024,…
Business
DBS appoints group audit head Derrick Goh as group COO
SINGAPORE’S largest lender DBS has appointed its current group audit head, Derrick Goh, to assume the newly created role of group chief…
Business
DBS appoints group audit head Derrick Goh as group COO, a newly created role
SINGAPORE’S largest lender DBS has appointed its current group audit head, Derrick Goh, to assume the newly created role of group chief…
Business
Hanwha Group’s Pinetree Securities joins Alta Exchange as member firm
PINETREE Securities, the Singapore-based unit of South Korea’s Hanwha Investment & Securities, has joined Alta Exchange as a member firm.…
Business
California faces 'unprecedented' population shift
California is facing an "unprecedented" population shift, with a dramatic increase in the older adult population expected by 2040,…
Business
Singapore shares track regional gains; STI up 0.4%
Across the broader market, gainers beat losers 347 to 186, after 1.9 billion securities worth S$1.5 billion change hands SINGAPORE stocks…
Business
How Did DeepSeek Build Its A.I. With Less Money?
Last month, U.S. financial markets tumbled after a Chinese start-up called DeepSeek said it had built one of the world’s most powerful…
Business
Citi Private Bank hires Hoo Peng Han as it rebuilds family office team in Asia
CITI Private Bank has hired Hoo Peng Han as a director of its global family office group in Asia, as it rebuilds its family office team in…
Business
Indian central bank’s surprise, outsized intervention eases bearish bias on rupee
THE Indian central bank’s unexpected and decisive intervention in the foreign exchange markets over the past two days, worth as much as…