Entrepreneurship
JPMorgan model shows recession fear in markets spiking up to 79%
[NEW YORK] JPMorgan Chase says recession fears in stocks acutely tied to America’s economy have spiked to nearly 80 per cent, while credit investors remain sanguine even as funding...
Oil settles down US$1 at four-year low as US-China trade war escalates
[HOUSTON] Oil prices settled down more than US$1 a barrel on Tuesday at a four-year low as investors priced in an increasing likelihood of a recession due to the escalating trade...
Exxon faces no shareholder proposals for first time in 25 years
It received only one proposal this year and the SEC agreed it should be discarded because “it tried to micromanage the company”[NEW YORK] ExxonMobil is facing no shareholder proposals...
Dollar falls as prospect of tariff talks calms global markets
[LONDON] The US dollar fell on Tuesday (Apr 8) while the euro perked up as stocks bounced in Asia and Europe on hopes that US President Donald Trump will...
Trump’s tariff chaos becomes US$700 billion storm for big banks
[LONDON] Financial services are excluded from Donald Trump’s trade war for now. Banks are still feeling the pain.
HSBC Holdings’s market value has dropped by almost US$30 billion on fears...
SGX securities turnover value up 25% in March, volume down 23%
[SINGAPORE] The total securities market turnover value on the Singapore Exchange (SGX) increased 25 per cent year on year to S$29.7 billion in March, with the Straits Times Index...
Swiss watchdog backs UBS plan to limit investment bank amid capital rule debate
[BERN] The head of Switzerland’s financial watchdog signalled he is in favour of UBS Group’s offer to limit the size of its investment bank, indicating a potential way forward...
Japan debt deals worth US$678 million pulled as tariffs roil global markets
[TOKYO] Three Japanese companies have postponed the sale of US8.43 million worth of yen-denominated bonds in the wake of global financial market volatility induced by US tariff announcements, according...
IBM launches new mainframe in bet that some data stays local
The intense computational requirements of generative AI have increased demand for many kinds of tech hardware[NEW YORK] International Business Machines (IBM) unveiled its latest mainframe system, saying that a...
Asia: Markets stage mild rebound but Trump tariff uncertainty reigns
[HONG KONG] Asian markets battled on Tuesday to recover from the previous day’s tariff-fuelled collapse, though Donald Trump’s warning of more measures against China and Beijing’s vow to fight...
