Business
SGX securities turnover value jumps 75% in September; volume up 5%
TOTAL securities market turnover value on the Singapore Exchange (SGX) increased 75 per cent year on year (yoy) to S$30.38 billion in…
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
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Boeing withdraws contract offer as union talks break down
TALKS between Boeing and its largest union to end an almost monthlong strike collapsed for a third time, extending a shutdown of the…
Business
New Zealand steps up pace of rate cuts as economy weakens
NEW Zealand’s central bank cut interest rates by half a percentage point, stepping up the pace of easing as policymakers become more…
Business
FHT’s distributable income to fall by S$1.3 million after change in Australian unit status
FRASERS Hospitality Trust’s (FHT) pro forma distributable income for financial year 2024 is estimated to fall by S$1.3 million, following…
Business
Digital Core Reit recasts US$716 million loan facilities
PURE-PLAY data centre real estate investment trust (Reit) Digital Core Reit has recast US$716 million of loan facilities which will be…
Business
Gold prices steady with Fed minutes on tap
GOLD prices held steady on Wednesday (Oct 9) as traders awaited cues on US interest rate policy from the minutes of the Federal Reserve’s…
Business
Singapore shares open higher on Wednesday; STI up 0.8%
SINGAPORE stocks began Wednesday (Oct 9) morning trading in positive territory, mirroring overnight gains in the US market. As at 9.01 am,…
Business
RBA to boost risk assessment when deploying unconventional tools
AUSTRALIA’S central bank will strengthen its assessment of potential risks when deploying an unconventional monetary policy, assistant…
Business
Stocks to watch: Singtel, CapitaLand Ascott Trust, Keppel
THE following companies saw new developments that may affect trading of their securities on Wednesday (Oct 9): Singtel: Business and…
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Adobe to offer free app to help with creator attribution amid AI boom
ADOBE said on Tuesday (Oct 8) it will offer a free web-based app starting next year, aimed at helping the creators of images and videos to…
Business
Roblox tumbles as Hindenburg bets against gaming platform
ROBLOX shares slumped on Tuesday (Oct 8) after short seller Hindenburg Research said it’s betting against the gaming platform. The stock…
Business
Telcos should face tougher regulations to ensure service standards amid Smart Nation push
SINCE the government announced in February 2024 that it would invest up to S$100 million to upgrade Singapore’s Nationwide Broadband…
Business
TikTok sued by 13 US states and DC, accused of harming younger users
TIKTOK faces new lawsuits filed by 13 US states and the District of Columbia on Tuesday (Oct 8), accusing the popular social media…
Business
GLP Capital Partners sells ex-China assets to Ares for up to US$5.2 billion
FUND manager GLP Capital Partners (GCP) has agreed to sell its operations outside China to US-based alternative investment group Ares…
Business
PepsiCo trims sales forecast as customers tighten purse strings on snacks, sodas
PepsiCo cut its forecast for annual sales growth on Tuesday (Oct 8) as picky consumers in North America limit their spending on sodas and…
Business
China’s BYD wants to build cars in India, but has no ‘direct’ signal of investment rules easing
CHINA’S BYD wants to make cars in India but has received no “direct” signal from New Delhi on a possible easing of stringent investment…
Business
Online retailer Shein’s 2023 sales hit £1.55 billion in UK
SHEIN’S British business made £1.55 billion (S$2.6 billion) in revenue in 2023, up sharply from its previously reported results, a filing…
Business
Singapore stocks fall amid regional declines on Tuesday; STI down 0.7%
SINGAPORE stocks tracked regional declines on Tuesday (Oct 8), reversing Monday’s gains. The benchmark Straits Times Index (STI) lost 0.7…
Business
Hong Kong stocks plunge more than 9%, biggest fall in 16 years
Hong Kong’s Hang Seng Index dived 9.41%, or 2,172.99 points, to 20,926.79. Hong Kong stocks plunged more than nine per cent on Tuesday…
Business
Saudi fund trims Nintendo stake after saying it wants more
Its ownership in the company falls to 7.54% from 8.58%, a filing to Japan’s finance ministry shows SAUDI Arabia’s sovereign wealth fund…
Business
Battery maker LG Energy profit declines as global EV sales slump
THE global slowdown in electric vehicle (EV) sales has hit LG Energy Solution, with the Korean battery maker’s third-quarter profit…
Business
Gold flat as markets await Fed minutes
GOLD prices were flat in early Asian hours on Tuesday (Oct 8) as market participants awaited minutes of the US Federal Reserve’s last…
Business
Australia central bank discussed future cases for raising, lowering rates
AUSTRALIA’S central bank discussed scenarios in which the cash rate may need to be raised or cut in the future at the September policy…
Business
Banks tap Hong Kong’s discount window for most funds since 2019
HONG Kong banks borrowed the largest amount of short-term cash in almost five years from authorities, a move pointing to a sudden demand…