Business
Commerzbank looks to free up capital to fend off UniCredit
COMMERZBANK chief executive officer Bettina Orlopp is seeking to unlock more capital to pay out or invest, as she makes the case for an…
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.
Fashion · Style · Culture · Entertainment
Business
Recent US economic data points to a concerned Fed opening the door to series of rate cuts
BAD news is good news again. And the worse tidings that US Federal Reserve chairman Jerome Powell can bring about for US economic…
Business
Apple to offer extra Indonesia investment to remove iPhone ban
APPLE has proposed investing almost US$10 million to make additional goods in Indonesia, according to sources familiar with the matter, as…
Business
Stocks to watch: SIA, CapitaLand Investment, NetLink NBN Trust, Aims Apac Reit, Dyna-Mac
THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 5): Singapore Airlines (SIA), SIA…
Business
Crypto firms including Robinhood, Kraken launch global stablecoin network
A CONSORTIUM of financial technology and cryptocurrency companies including Robinhood, Kraken and Galaxy Digital on Monday (Nov 4)…
Business
Uber proposes cut to New York City driver base pay on lower gas prices
UBER Technologies is proposing a cut to New York City drivers’ base pay rate, among other recommendations, as it seeks to lower prices of…
Business
Marriott trims 2024 profit forecast on sluggish China domestic travel demand
MARRIOTT International cut its annual profit forecast on Monday (Nov 4) as weak domestic travel in China overshadows strong group and…
Business
New York Times tops estimates as digital subscribers grow
NEW York Times reported third-quarter earnings that beat analysts’ expectations, as the company saw an increase in its subscriber count in…
Business
US CEOs fired more quickly over low stock prices this year, report says
US COMPANIES with lagging stock prices are now quicker to blame management and fire their top executive, but the process of finding a…
Business
US dollar drops to two-week low as investors take profit on ‘Trump trades’
THE US dollar dipped on Monday (Nov 4) as investors braced for wide-ranging implications for the global economy this week from the outcome…
Business
Tesla China shipments slip 5% in october after bumper quarter
TESLA’s Shanghai factory deliveries slipped in October, the unexpected softness coming after a record quarter for China shipments at Elon…
Business
Singapore stocks edge up on eve of US elections following regional trend; STI rises 0.5%
THE Straits Times Index (STI) edged up on Monday (Nov 4) by 0.5 per cent or 16.61 points to end at 3,572.04. Across the broader market,…
Business
South Korean refiners’ losses deepen in Q3, margins set to improve in Q4
SOUTH Korean refiners reported on Monday (Nov 4) sharp losses in the third quarter from oil refining, but expect their margins to recover…
Business
Anglo-American to sell stake in Australian steelmaking coal mines for US$1.1 billion
UK-based Anglo-American said on Monday (Nov 4) that it will sell its minority stake in a joint venture that owns a 70 per cent interest in…
Business
Foxconn subsidiary seeks US$80 million Vietnam investment for integrated circuits
TAIWANESE giant Foxconn’s subsidiary Shunsin is seeking a permit to invest US$80 million in northern Vietnam to produce integrated…
News
Police search PwC Sydney office amid tax scandal investigation
POLICE combed through PwC Australia’s Sydney office on Monday (Nov 4) as part of an ongoing investigation into the firm’s tax scandal.…
Business
China’s Nio plans to sell its first hybrid car overseas only: sources
CHINESE electric vehicle (EV) maker Nio is planning to launch its first hybrid model in 2026 and will only sell it in overseas markets,…
Business
Hot stock: Genting Singapore shares rise nearly 2% after RWS casino chief steps down
The announcement comes months after MacDonald said he was issued a persona non grata notice, which banned him from Marina Bay Sands’…
Business
Gold steadies as investors brace for US election and potential rate cuts
GOLD prices held steady on Monday (Nov 4), as investors prepared for a crucial week for the global economy, marked by the US presidential…
Unsorted
Oil prices jump over 1% on delayed Opec+ output hike
OIL prices rose by more than US$1 in early trading on Monday (Nov 4) after Opec+ said on Sunday it would delay a planned December output…
Unsorted
SPH Media cuts 10% of tech employees in restructuring move in bid to stay sustainable
THIRTY-FOUR or 10 per cent of SPH Media’s employees in its tech division across teams and ranks will be cut as the group aims to remain…
Business
Stocks to watch: Genting Singapore, City Developments, Keppel Reit, Oxley
THE following companies saw new developments that may affect trading of their securities on Monday (Nov 4): Genting Singapore: Resorts…
Business
RBA set to hold key rate to counter sticky prices, global risks
AUSTRALIA’S central bank is poised to keep interest rates at a 13-year high, marking a year of unchanged policy as it grapples with a slow…
Business
Buffett keeps cutting Apple stake, with value down 60% this year
BERKSHIRE Hathaway’s continued sales of Apple shares in the third quarter left the conglomerate’s stake at a fraction of its size at the…