Fashion
Morgan Stanley seeks to redeem cash from Jefferies’ Point Bonita fund, source says
[NEW YORK] Morgan Stanley’s asset management unit asked investment bank Jefferies to return some money it invested in the latter bank’s Point Bonita Capital fund, according to a person...
US: S&P 500 ends down 2.7% after Trump warns of big China tariffs
[NEW YORK] Wall Street stocks tumbled Friday (Oct 10) after US President Donald Trump threatened “massive” tariffs on China, reviving trade war worries after months of improving relations between...
Gold’s record run creates new rulebooks for investors
Its soaring run comes as investors bet heavily on US rate cuts and concern grows about the greenback’s role as the world’s top reserve currency[LONDON] Investors are testing well-established...
Singapore shares close lower in tandem with Wall Street retreat; STI slides 0.3%
Across the broader market in the city-state, decliners beat gainers 371 to 250 as 1.8 billion securities valued at S$1.4 billion are traded[SINGAPORE] Singapore shares closed lower on Friday...
Why BYD faces a raft of troubles
Since authorities earlier this year stepped up scrutiny of the bruising price war in China that helped fuel the group’s rise, its sales momentum has stalledBYD has spent the...
ComfortDelGro’s quiet tech play and why it’s not sweating GrabCab
Grab says it won’t poach rival drivers, but its entry may intensify Singapore’s tight market[SINGAPORE] Within just a decade, Grab has gone full circle from an entrant challenging incumbent...
AI jobs shock is coming and firms aren’t ready: Klarna CEO
The CEO sees the AI boom spelling the end to what he calls “excess profits” in both the banking and software industries[LONDON] From technology firms to translators, the world...
Orsted axes quarter of jobs, pivots to Europe after US setbacks under Trump
[COPENHAGEN] Orsted, the world’s biggest offshore wind farm developer, will cut about 2,000 jobs by the end of 2027, a quarter of its workforce, and will focus more on...
Ex-CIMB Singapore chief Victor Lee to join Security Bank in the Philippines as CEO
[SINGAPORE] Victor Lee, the former chief executive officer of CIMB Singapore, has been appointed president and CEO of the Philippine-listed Security Bank Corp, reported the Philippine Daily Inquirer on...
Launch of knowledge hub aims to beef up AI use among financial institutions: Chee Hong Tat
[SINGAPORE] The Monetary Authority of Singapore (MAS) has launched an artificial intelligence (AI) knowledge hub to help the city-state’s financial institutions strengthen their capabilities in the implementation of AI....
