Business
UBS pays US$300 million to settle Credit Suisse mortgage case
Group said it reached an agreement with the US Department of Justice to resolve a legacy Credit Suisse matter related to the former bank’s…
Swedan Margen
I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.
Business
Vietnam’s VinFast in talks to boost local sourcing as first India plant opens
The plant is expected to have an annual production capacity of up to 150,000 vehicles [THOOTHUKUDI, India] Vietnamese electric vehicle…
Business
Asian credit gauges head for biggest two-day blowout since April
Any large move in US Treasury yields, over which most corporate US dollar bonds are priced, typically causes spreads to react around the…
Business
Nomura’s starting pay matched by Japanese rivals to retain staff
Medium-sized securities firms mostly generate revenue by having staff make sales directly to clients, rather than rely on online trading…
Business
BYD shares fall as stalling sales put annual target in question
BYD shares fell in Hong Kong trading on Monday (Aug 4), as sputtering monthly sales growth raised doubts about whether the Chinese…
Business
Asia: Markets fluctuate as traders weigh tariffs, US jobs
Asian markets flitted between gains and losses on Monday as investors continued to digest last week’s tariff blitz by Donald Trump and a…
Business
Shares of HPL close 0.7% higher; investors unfazed by founder Ong Beng Seng’s guilty plea
Shares of Hotel Properties Ltd (HPL) ended their session on Monday (Aug 4) 0.7 per cent or S$0.04 up at S$5.50, following its founder Ong…
Business
Gold succumbs to profit-taking after US jobs data-fuelled rally
Gold prices slipped on Monday (Aug 4) as investors booked profits after a sharp rise in the previous session following…
Business
mm2 Asia faces S$17.6 million in claims but says it can continue as a going concern
Eight counterparties have issued letters of demand against the company and Cathay Cineplexes In a bourse filing on Monday (Aug 4), Cathay…
Business
Nio’s July deliveries rise 2.5% amid launch of smart large-space SUV
Chinese electric vehicle maker Nio announced on Friday (Aug 1) after trading hours that it had delivered 21,017 vehicles in July, up…
Business
United Hampshire US Reit acquires freehold Pennsylvania shopping center for US$16.4 million
The purchase marks the Reit’s third acquisition in Pennsylvania, the manager says United Hampshire US Reit has acquired freehold shopping…
Fashion
China may need to trim record copper output on shortage of ore
China’s copper smelters could be at a turning point, as a persistent shortage of ore forces them to trim production from record levels,…
Business
UK’s FCA proposes £9 billion to £18 billion redress scheme for motor finance claims
Britain’s Financial Conduct Authority (FCA) on Sunday proposed a redress scheme for consumers with motor finance compensation claims…
Fashion
Gold caught between bearish technicals and bullish long-term fundamentals
Gold has long stood as the ultimate barometer of fear and uncertainty in the global financial system. Yet in recent weeks, it has been…
Fashion
Boeing defence workers set to strike on Monday in US: union
Thousands of members of a union representing Boeing defence industry workers in the US states of Missouri and Illinois will go on strike…
News
Texas Democrats leave the state to block vote on redrawn House map backed by Trump
Texas Democrats are leaving the state in an attempt to prevent the state House from holding a vote Monday on new congressional maps that…
News
Disappointing employment numbers, tariffs uncertainty dog Trump with Democrats seeking foothold
Weak economic indicators are making President Trump's supporters nervous and Democrats increasingly hopeful about a political comeback.…
News
White House's Stephen Miller: Hillary Clinton, Obama officials should be prosecuted for 'coup'
White House deputy chief of staff Stephen Miller said Sunday that newly declassified documents on the Russia collusion hoax reveal a…
News
Trump has 'set up an active search' for the next Fed chair, White House economic adviser says
President Trump has "set up an active search" to decide who to appoint as the next Federal Reserve chair when Jerome Powell's term…
News
U.S. trade representative: Talks with China 'very positive,' Aug. 12 tariff deadline may be extended
U.S. Trade Representative Jamieson Greer said that trade negotiations with China are going well and that President Trump may extend a…
News
Out of order? AI hallucinations suspected in withdrawal of federal judges' questionable rulings
AI hallucinations aren't just for high school students: It seems that federal judges are turning their jobs over to the chatbots -- and…
News
'They roll right over': Many Democrats call their party weak and ineffective, AP-NORC poll finds
Many Democrats see their political party as "weak" or "ineffective," according to a poll that finds considerable pessimism within…
Business
Who is Andrew Tulloch? High-Profile AI Researcher Reportedly Refuses Meta's $1billion Recruitment Offer
Since Mark Zuckerberg decided to go aggressively behind AI advancements and decided to form a superintelligence team, his company Meta is…
News
Federal Watchdog Probes Ex-Special Counsel Jack Smith Over Possible Hatch Act Violation
A U.S. federal agency is formally investigating former Special Counsel Jack Smith over whether he violated the Hatch Act while overseeing…