News
Former mm2 Asia subsidiary Vividthree dives 17% on news of payment demand from UOB
[SINGAPORE] Former mm2 Asia subsidiary Vividthree on Wednesday (Jan 7) announced that it received a letter of demand from UOB for nearly S$1.2 million. Minutes into the opening bell,...
Flight to quality, dividends lift DBS and OCBC to all-time highs, but analysts warn valuations look expensive
Among Singapore banks, UOB lags peers as investors await greater earnings clarity[SINGAPORE] Attractive dividend yields have pushed DBS and OCBC to fresh all-time highs, and will likely continue to...
JPMorgan to replace Goldman as Apple Card issuer
The deal is subject to regulatory approvals and is not expected to close for roughly two years[BENGALURU] JPMorgan Chase and Apple on Wednesday (Jan 7) announced a deal under...
World’s worst bond market faces another big supply shock
A major driver in the increase in net supply is the central bank’s slowdown in buying[TORONTO] Japan’s government bond market is set for another tough year as investors contend...
US stocks: S&P 500 ends lower; AI stocks lift Nasdaq
[NEW YORK] The S&P 500 ended lower on Wednesday, pulled down by declines in JPMorgan, Blackstone and other financials, while Nvidia and Alphabet lifted the Nasdaq as investors shifted...
JPMorgan replaces proxy advisers with AI for voting US shares
The internal AI platform, dubbed Proxy IQ, will now be used to manage votes and analyse data on more than 3,000 annual company meetings[NEW YORK] JPMorgan Chase’s asset-management unit...
US seizes Venezuela-linked, Russian-flagged oil tanker after weeks-long pursuit
It appears to be the first time in recent memory that the US military seizes a Russian-flagged vessel[WASHINGTON] The US seized a Russian-flagged oil tanker that was being shadowed...
US seizing Venezuela-linked, Russian-flagged oil tanker after weeks-long pursuit
[WASHINGTON] The United States is attempting to seize a Russian-flagged oil tanker with links to Venezuela after a more than two-week-long pursuit across the Atlantic and as a Russian...
Holiday shoppers spent a record amount online, searching out deals amid economic anxiety
Consumers splurged this last holiday season, enticed by good deals even as they worried about growth and inflation. Online shoppers spent a record $257.8 billion during the holiday season...
Warner Bros rejects revised Paramount bid as risky leveraged buyout
[LOS ANGELES] Warner Bros Discovery’s board has unanimously turned down Paramount Skydance’s latest attempt to acquire the studio, saying its revised US$108.4 billion hostile bid amounted to a risky...
