Business
‘Baby Shark’ creator’s 62% wipeout sinks stock below IPO price
The frenzy for the company behind the viral children’s hit Baby Shark has quickly cooled with shares dropping below their initial public…
Section
Business
Business
STI tumbles 1% amid rout in Asia markets; Nikkei, Hang Seng falls more than 2%
Singapore stocks fell on Friday (Nov 21), mirroring a wider regional rout as markets tumbled earlier this week on fears of an artificial…
Business
STI tumbles 1% amid rout in Asia markets; Nikkei, Hang Seng fall more than 2%
Singapore stocks fell on Friday (Nov 21), mirroring a wider regional rout after markets tumbled earlier this week on fears of an…
Business
STI slides 1% amid rout in Asia markets; Nikkei, Hang Seng tumble more than 2%
Singapore stocks fell on Friday (Nov 21), triggered by declining expectations of a rate cut. This follows a wider regional rout after…
Business
Asia: Tech firms lead Asian stock rout as AI bubble fears linger
The Japanese currency has fallen this week to its lowest level against the US dollar since January Tech firms led more steep losses across…
Business
Joby Aviation sues air-taxi rival Archer over trade secrets
eVTOL aircraft firms are racing to bring their vehicles to market, aiming to meet a demand for faster, more sustainable urban…
Business
Gold falls as strong US jobs data dims rate-cut prospects
Traders now see nearly a 39% chance for a Fed rate cut next month, down from 60% earlier this month Gold prices slipped on Friday (Nov 21)…
Business
Fact Check: NO EVIDENCE Zelenskyy Invested $500 Million, $1.5 Billion 'Of His Own Money' In Ski Resort In Western Ukraine -- Project's Developer Denies His Involvement
Did President of Ukraine Volodymyr Zelenskyy invest $500 million or $1.5 billion "of his own money" in "a ski resort in Western Ukraine"?…
Business
Salesforce says customer data possibly exposed following incident
Salesforce said on Thursday (Nov 20) that it is investigating “unusual activity” involving Gainsight-published applications that may have…
Business
Singapore Paincare settles dispute over claims worth S$350,000 to S$450,000
Singapore Paincare has entered a settlement to resolve a dispute with an individual who claimed the company owed her a sum between…
Business
Coliwoo enters joint venture to acquire 1 King George's Avenue property for S$40 million
The REHAU Building will undergo conversion works to transform it into a co-living space Coliwoo Holdings has entered into a 50:50 joint…
Business
Stocks to watch: Hongkong Land, ComfortDelGro, IReit Global, Coliwoo
The following companies saw new developments that may affect trading of their securities on Friday (Nov 21): Hongkong Land: The property…
Business
Foxconn, OpenAI partner on AI hardware manufacturing
Initially, the collaboration will cover a range of scenarios across assembly, inspection, machine tending and logistics applications…
Business
Verizon cutting more than 13,000 jobs as it restructures
US wireless carrier Verizon on Thursday (Nov 20) said that it will cut more than 13,000 jobs in its largest single layoff as it works to…
Business
US Fed fractures deepen as Barr signals inflation concern
Investors now see about a 40% probability of a rate cut at the December meeting, according to pricing in futures contracts Add one more to…
Business
Top Dem Reveals How JPMorgan Chase Helped Epstein Hide His Crimes
A report released by Senate Finance Committee Chair Ron Wyden on Thursday called for Congress to further investigate JP Morgan Chase over…
Business
US: Wall Street indexes end lower after sharp reversal, tech leads decline
Investors have worried about lofty technology valuations amid concerns over steep AI spending, with the Nasdaq now sharply off its October…
Business
Europe: Shares advance on Nvidia results lift; investors assess US jobs data
European shares closed higher on Thursday (Nov 20) after artificial intelligence (AI) bellwether Nvidia’s results quelled concerns around…
Business
Former Google chief accused of spying on employees through account 'backdoor'
When Columbia University law and MBA student Michelle Ritter met former Google chief executive Eric Schmidt in 2020, she said she wanted…
Business
How Did Gary Mounfield Die? The Stone Roses Bassist Dies Aged 63 After Collapsing at His Stockport Home
The Stone Roses bassist Gary "Mani" Mounfield has died aged 63. Announcing his death, his brother Greg wrote on Facebook: "It is with the…
Business
Repositioning of IReit Global’s Berlin asset to have ‘significant impact’ on DPU
The absence of property income as a result of the repositioning of IReit Global’s office asset in Berlin is expected to have a…
Business
HSBC overhauls trading business in bid to become debt powerhouse
The firm will merge Group-of-10 rates trading unit with FX, EM rates and commodities desks into a new global macro division HSBC Holdings…
Business
US: Wall Street opens sharply higher after Nvidia earnings, jobs data
Wall Street’s main indexes jumped at the open on Thursday (Nov 20) as technology stocks received a boost after Nvidia’s stellar results…
Business
Walmart jumps to Nasdaq in biggest exchange transfer on record
Walmart, the world’s biggest retailer, said it will move its stock listing to the Nasdaq, marking the largest defection in the New York…