Fashion
What are significant risk transfers – and why is DBS reportedly considering them?
Analysts say that other banks in Asia, including OCBC and UOB, could eventually explore similar deals[SINGAPORE] A week ago, media reports surfaced that DBS – South-east Asia’s largest lender...
Memory shortage to hit Nvidia China approvals, US lawmaker says
Demand for the components, long treated as a commodity, has skyrocketed due to the AI data centre boom[WASHINGTON] Tight memory chip supplies will constrain the number of US export...
IMF’s Georgieva says central bank independence critical, backs Powell
[KYIV] International Monetary Fund chief Kristalina Georgieva on Thursday underscored the importance of keeping central banks independent and threw her support behind beleaguered Federal Reserve Chair Jerome Powell, who...
JPMorgan CEO Jamie Dimon says he wants to stay in job at least five more years
[WASHINGTON] JPMorgan CEO Jamie Dimon wants to stay at his job “at least” five more years, he told an event hosted by the US Chamber of Commerce on Thursday.Dimon,...
US getting 30% higher price for Venezuelan oil than Venezuela did weeks ago, energy chief says
[WASHINGTON] US Energy Secretary Chris Wright said on Thursday the US is getting a 30 per cent higher price for Venezuelan crude oil than Venezuela got before US special...
Fed officials back rate-cut pause as inflation concerns linger
[NEW YORK] Several US Federal Reserve officials speaking on Thursday (Jan 15) signalled a willingness to pause interest-rate cuts at their upcoming policy meeting, citing a labour market that...
European shares extend record run on technology, financial gains
EUROPEAN shares scaled a new record high on Thursday, boosted by technology and financial stocks as investors assessed several positive earnings updates and signs of resilience in the German economy.The...
US stocks: Wall Street ends up as banks gain following results; chips rally with TSMC
[NEW YORK] US stocks rose on Thursday after two days of declines as Morgan Stanley and Goldman Sachs shares shot up following upbeat quarterly results, while Taiwan-based chipmaker TSMC’s blockbuster results...
Who Is Julio Cesar Sosa-Celis? Venezuelan Illegal Migrant Shot in Leg for Trying to Murder ICE Agent in Minneapolis Has Long Criminal History
The three men arrested in connection with the ambush of an ICE agent in Minneapolis on Wednesday have been identified as Venezuelan nationals who had entered the United States...
Verizon Outage: Real Reason Behind Massive Network Outage Revealed as Investigators Believe No Cyberattack Was Involved
Verizon's widespread network outage on Wednesday was reportedly triggered by a technical failure originating in a single East Coast state, despite affecting customers nationwide. Officials say early findings suggest...
Oil settles down 4% as Trump comments ease Iranian supply concerns