News
JPMorgan Q1 profit tops estimates
[NEW YORK] JPMorgan Chase topped first-quarter profit estimates on Friday (Apr 11), driven by record equities trading and higher fees from debt underwriting and merger advisory.CEO Jamie Dimon, however,...
Nickel scam accused paid S$7 million for 8 luxury cars and S$1 million for vintage car plate: dealer
[SINGAPORE] Alleged nickel fraudster Ng Yu Zhi was said to have splurged about S$7 million on eight luxury cars – five of them transferred to his wife and girlfriends...
BlackRock misses long-term flow expectations amid Asia outflows
[NEW YORK] The world’s largest asset manager BlackRock pulled in a less-than-expected US$83 billion of client money to its investment funds in the first quarter, which ended just days...
Job seekers turn to AI tools to gain a competitive edge. It can also backfire
Dani Schlarmann, a recruiter, noticed something fishy about the job applicants.Cover letters and resumes sounded identical. Candidates embellished their experience to match the job description. On top of that,...
Top US pension funds suffer US$169 billion blow from tariffs shock
The total losses for the whole US public retirement system will likely be “significantly higher”[NEW YORK] The top 25 state and local US pension investment funds suffered an estimated...
Gold versus Bitcoin – a battle for portfolio diversification
[SINGAPORE] As US President Donald Trump’s eye-watering tariffs triggered a tanking of the world’s markets in the past week, the paths of two alternative assets diverged.One was gold, which...
Shein gains UK approval for London IPO, awaits China nod: sources
[LONDON] Online fast-fashion retailer Shein has secured approval from Britain’s Financial Conduct Authority (FCA) for its planned initial public offering (IPO) in London, according to two sources with knowledge...
Google lays off hundreds of employees in Android, Pixel Group: The Information
ALPHABET’S Google on Thursday laid off hundreds of employees in its platforms and devices unit, which works on Android software, Pixel phones and the Chrome browser, The Information reported...
Indonesian coffee chain Fore says its IPO oversubscribed by 200 times
The seven-year old company is the first domestic coffee chain to list on the bourse[SINGAPORE] Indonesian coffee chain Fore said on Friday (Apr 11) its initial public offering (IPO)...
Buying the dip, nervous selling drive trading volumes up in Singapore amid tariff volatility
[SINGAPORE] Brokerages recorded a surge in trading activity amid heightened market volatility after US President Donald Trump announced sweeping tariffs on Apr 2. Trading volume for Tiger Brokers’ Singapore...
