News
Percentage of Singaporeans trading in SGX dives as they chase quick gains, liquidity elsewhere
KELVIN Tan began investing online in 2018, and like many Singaporeans, put all of his money into local stocks. Two years later, he had switched entirely into US equities.“The...
Singapore retail traders shun stocks at home for buzzy US
KELVIN Tan began investing online in 2018 and, like many Singaporeans, put all of his money into local stocks. Two years later, he had switched entirely into US equities....
Cordlife group CEO resigns, search for replacement ongoing
PRIVATE cord-blood bank Cordlife’s group chief executive officer Yiu Pang Fai, 35, has tendered his resignation “to pursue other opportunities” and its board of directors has accepted his decision. His...
Super Micro gains on long-term forecast, pledge on filings
SUPER Micro Computer rose in extended trading after giving an aggressive long-term revenue outlook and saying it “believes” it will meet a Nasdaq deadline to file audited financial results.Sales...
KKR nears US$14 billion for buyout fund in show of momentum
KKR is more than halfway to a US$20 billion money-raising goal for its North America buyout fund, a sign of momentum during a difficult environment for the asset class.The...
Suncorp beats first-half cash earnings consensus estimate, declares special dividend
AUSTRALIAN insurer Suncorp Group reported a 30 per cent rise in its first-half cash earnings on Wednesday, beating consensus estimates, as favourable weather conditions led to lower natural hazard...
Global car tariff pain spreads from Asia to the US
AUTO stocks around the world slumped on Monday (Feb 10) after US President Donald Trump’s new tariffs threatened to cut into sales from factories in Mexico and Canada.Shares in...
Lyft posts muted first-quarter bookings and profit outlook
LYFT issued a disappointing first-quarter gross bookings outlook, following a similarly muted forecast from rival Uber Technologies citing the impact from the extreme winter weather and LA wildfires.Gross bookings...