Culture
Venezuelan banks will get US$300 million of oil money to sell on exchange market: sources
FOUR Venezuelan banks were notified this week by the country’s government that they will split US$300 million of oil revenues deposited in an account in Qatar, enabling them to...
Federal Reserve’s Jefferson says he considers Powell to be ‘of the highest integrity’
[BOCA RATON] US Federal Reserve Vice Chair Philip Jefferson, responding to the Department of Justice subpoena of Fed Chair Jerome Powell, said on Friday he considered Powell to be...
Oil prices settle up as US begins holiday weekend
[HOUSTON] Oil prices settled higher on Friday as some investors covered short positions ahead of the three-day Martin Luther King holiday weekend in the US and lingering worries about a...
European shares subdued as luxury stocks, miners weigh
EUROPEAN shares were subdued on Friday, limited by weakness in luxury and mining stocks in a dour end to a week dominated by the start to a busy earnings season...
US stocks: Wall Street ends little changed before long weekend
[NEW YORK] US stocks ended nearly flat on Friday in a choppy session ahead of the long weekend, and all three major indexes posted losses for the week as fourth-quarter earnings...
Maybank applies to place Dasin Retail Trust’s manager under judicial management
This comes after four subsidiaries received court summonses over Companies Act breaches[SINGAPORE] Maybank has applied to place the trustee-manager of Dasin Retail Trust under judicial management.In a bourse filing...
Stamford Land unit is being sued over alleged defects in Sydney project
The claims involve alleged deficiencies in the design and construction of Macquarie Park Village[SINGAPORE] Stamford Land on Friday (Jan 16) announced that its wholly owned subsidiary HSH Hotels (Australia)...
S&P 500, Nasdaq open higher as chip stocks extend rally
[NEW YORK] The S&P 500 and the Nasdaq opened stronger on Friday (Jan 16) as chipmakers returned to the driver’s seat in a volatile week that also marked the...
JPMorgan eclipses Dimensional as world’s biggest active ETF firm
The bank’s asset management arm currently controls nearly US$257 billion in active ETFs worldwide[NEW YORK] JPMorgan Asset Management has a new superlative: The firm now hails as the world’s...
Mitsubishi to buy Texas, Louisiana shale gas assets for US$7.5 billion
This will give it a substantial natural gas operation near the US Gulf Coast and the energy export facilities developed there[TOKYO] Japanese trading house Mitsubishi will buy the US...
Porsche sales slump most in 16 years on poor China demand
Its sales are down 26% as the nation’s economic slowdown hit consumers across all income brackets[BERLIN] Porsche’s deliveries fell 10 per cent last year, following weak demand for electric...
About 30 SGX listcos show early interest in Value Unlock programme to lift valuations
Market participants say weak disclosure and poor investor engagement often drive mispricing on the exchange – gaps the initiative aims to close[SINGAPORE] Around 30 Singapore Exchange (SGX)-listed companies have...