Culture
US: Wall Street mixed after PPI data; Tesla weighs on Nasdaq
US stock indexes were mixed at the open on Friday (Oct 11), as traders kept bets on a 25-basis-point Federal Reserve rate cut in November intact after producer prices...
Uber, Lyft shares jump after Tesla’s ‘toothless’ robotaxi reveal
UBER Technologies and Lyft have climbed in early trading, after Tesla’s Elon Musk offered few details on the carmaker’s plans for a self-driving vehicle service that could compete with...
Wells Fargo profit beats forecasts as provisions shrink, shares rise
WELLS Fargo’s profit beat analysts’ expectations in the third quarter, helped by resilience in wealth management and lower provisions for credit losses, which sent its shares up 3.5 per...
JPMorgan profit drops on bigger provisions for loan losses
JPMORGAN Chase’s profit dropped in the third quarter as it built up provisions for potential loan defaults, the bank said on Friday (Oct 11).
Profit was US$12.90 billion for the...
SingLand-UOL JV to acquire 50% stake in Sydney commercial building for A$460 million
PROPERTY developers Singapore Land Group (SingLand) and UOL Group are acquiring a 50 per cent interest in a freehold Grade A commercial building in Sydney’s central business district for...
Singapore shares track Wall Street losses amid stubborn inflation concerns; STI down 0.3%
SINGAPORE stocks ended lower on Friday (Oct 11), tracking losses on Wall Street, amid concerns that inflation will remain sticky.
The benchmark Straits Times Index (STI) fell 0.3 per cent...
Citic Securities is the first firm to tap China’s 500 billion yuan swap facility, media reports
CHINA’S Citic Securities has been given the nod to obtain 10 billion yuan (S$1.8 billion) in liquid assets from a new swap facility set up to aid the stock...
Northvolt in talks for about 200 million euros in funding: sources
NORTHVOLT is in talks with investors and lenders to secure about 200 million euros (S$285.8 million) in short-term funding, three sources familiar with the matter said, as the cash-strapped...
ECB seen cutting faster to release economic shackles next year
THE European Central Bank (ECB) will speed up interest-rate cuts over the months ahead to bolster the economy – taking borrowing costs to levels that no longer restrict demand...
Set up a Telegram chat group to trade shares? You may fall afoul of the law
USING social media and messaging platforms to deal in shares may lead to a possible breach of the Securities and Futures Act (SFA).On Thursday (Oct 10), Oon Yun Cong...
