Business
US: Wall Street opens lower as Trump tariffs loom
US stock indexes opened lower on Tuesday (Apr 1), marking a gloomy start to the quarter, as investors braced for the impending storm of…
Swedan Margen
Swedan Margen contributes to Cosmopolitan Canada across fashion, style, culture, and entertainment.
The work spans trend coverage, cultural conversation, and stories drawn from the publication's editorial partners, with source attribution provided within individual articles where applicable.
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Business
Intel will spin off non-core units, says CEO Tan Lip-Bu
Intel chief executive officer Tan Lip-Bu said the chipmaker will spin off assets that are not central to its mission and create new…
Business
Straits Times Index closes slightly lower after cutting intra-day losses
The Singapore blue-chip gauge Straits Times Index slid almost 0.8 per cent during intra-trading but managed to erase the losses and closed…
Business
UOB to take legal action against former Yang Kee Logistics CEO, The Online Citizen over ‘defamatory’ remarks
The bank says Ken Koh failed to retract and apologise for the allegations he made UOB will initiate legal proceedings against Ken Koh, the…
Unsorted
Boeing slows output of 737 Max jets to 31 a month due to wing systems issues
The US planemaker is working to grow production of its 737 MAX jet to at least 38 a month this year Boeing slowed production of 737 MAX…
Business
Hooters files for bankruptcy as brand eyes turnaround plan
It listed assets of US$50 million to US$100 million and liabilities in the same range in its petition Hooters of America has filed for…
Business
Singapore's GLP closes first digital infrastructure fund at US$358 million in AUM
Singapore-based GLP has successfully wrapped up its inaugural digital infrastructure-based fund, the GLP China IDC Income Fund I, with…
Business
UOB cuts interest rate on flagship One Account, joins OCBC in 360 Account cut
UOB will cut interest rates on its flagship savings account, the One Account, in line with interest rate expectations. With effect from…
Business
Australia’s central bank holds rates steady, warning of ‘pronounced’ global risks
Australia’s central bank on Tuesday left its cash rate steady as widely expected, saying it was still cautious about the outlook, although…
Business
Ho Bee Land drops AVJennings bid; Australian property developer to be acquired by US fund
Real estate group Ho Bee Land on Tuesday (Apr 1) said it has decided not to proceed with its offer for Australian property developer…
Business
YZJ Financial falls 10% after announcement of divestment of entire treasury shareholding
Shares of Yangzijiang Financial, the financial arm of Yangzijiang shipbuilding, fell 10 per cent after the company on Sunday (Mar 30) said…
Business
YZJ Financial falls 10% on placement of treasury shares at S$0.72 each
Shares of Yangzijiang Financial, the financial arm of Yangzijiang shipbuilding, fell 10 per cent after the company on Sunday (Mar 30) said…
Business
Keppel divests entire stake in Vietnam’s Palm City for 2.6 trillion dong
Global asset manager Keppel, through its real estate division, has divested its entire 42 per cent stake in South Rach Chiec City – the…
Business
Cordlife served two letters of demand from customers; any settlement likely to hit group’s finances
One group of clients seeking damages under contract breach, negligence; the other wants warranties and cost compensation Cordlife received…
Business
OpenAI finalizes a record $40-billion funding round
OpenAI, the artificial intelligence company behind ChatGPT, said it has finalized a funding round that will bring in $40 billion from…
Business
US judge rejects J&J’s US$10 billion baby powder settlement
A US bankruptcy judge on Monday rejected Johnson & Johnson’s US$10 billion proposal to end lawsuits alleging that its baby powder and…
Business
GlobalFoundries, Taiwanese chipmaker UMC consider merger: sources
TAIWAN’S major chipmaker United Microelectronics and US-based GlobalFoundries are looking into the possibility of a merger, two sources…
Business
Musk’s XAI deal offers unexpected win for X investors
Elon Musk just acquired the social network formerly known as Twitter for the second time in three years. Musk, the world’s richest person,…
Business
US: Stocks mixed as traders shake off tariff uncertainty
US stocks shook off some early gloom about Donald Trump’s imminent tariff announcement to close mixed on Monday, with the S&P 500 bouncing…
Business
DBS, UOB, OCBC chiefs’ salary packages still lag global peers
The trio of local banks on the STI are smaller in terms of revenue, but appear to be making their money work harder Piyush Gupta, who on…
News
Who is Nikita Casap? Wisconsin Teen Accused of Murdering Parents and Living with their Bodies for Weeks Also Discussed Plans to Assassinate President Trump with Someone in Russia
A Wisconsin teen, Nikita Casap, has been charged with the brutal murders of his mother and stepfather, whose bodies were discovered in…
Business
More funds and products expected, as market awaits details about Singapore’s S$5 billion equities push
Analysts see MAS’ initiative as positive step, but add that factors such as investor protection and governance, proper understanding of…
Business
US: Wall Street opens sharply lower on tariff worries
US stock indexes opened sharply lower on Monday (Mar 31) as investors shied away from risky assets on mounting concerns that the Trump…
Unsorted
Chinese contractor of collapsed Bangkok building under scrutiny
In promotional material posted on its official social media channels in 2024, China Railway No10 Engineering Group declared that its first…