Culture
JPMorgan to replace Goldman as Apple Card issuer
The deal is subject to regulatory approvals and is not expected to close for roughly two years[BENGALURU] JPMorgan Chase and Apple on Wednesday (Jan 7) announced a deal under...
ExxonMobil signals lower oil prices could hit fourth-quarter upstream profit
US OIL major ExxonMobil said on Wednesday that lower crude oil prices could cut its fourth-quarter upstream earnings by about US$800 million to US$1.2 billion.Oil prices declined 9.2 per cent...
World’s worst bond market faces another big supply shock
A major driver in the increase in net supply is the central bank’s slowdown in buying[TORONTO] Japan’s government bond market is set for another tough year as investors contend...
European stocks cool as traders assess Venezuela fallout, economic data
EUROPEAN stocks ended flat on Wednesday, snapping a run of record closes as investors paused to digest the latest US-Venezuela developments and sifted through a fresh batch of economic...
JPMorgan replaces proxy advisers with AI for voting US shares
The internal AI platform, dubbed Proxy IQ, will now be used to manage votes and analyse data on more than 3,000 annual company meetings[NEW YORK] JPMorgan Chase’s asset-management unit...
Wall St opens muted after AI-driven rally; labour data in focus
[NEW YORK] Wall Street’s main indexes opened muted on Wednesday (Jan 7), as investors took a breather after an AI-driven rally in the previous session, while awaiting a labour...
AI ‘fatigue’ leaves investors focused on S&P’s other 493 stocks
A growing number of investors are now wagering that run, led by the Magnificent Seven, is about to end[NEW YORK] Bets on artificial intelligence companies have dominated US equity...
iFast’s proposed acquisition of Financial Alliance stake could be more exciting than it looks
The relatively modest investment could burnish the growth strategy of iFast, which is on track for a multi-year growth trajectory [SINGAPORE] When digital banking and wealth-management platform iFast Corporation...
Oil falls after Trump says Venezuela will supply to US
[LONDON] Oil prices fell on Wednesday (Jan 7) after President Donald Trump said the United States had reached a deal to import up to US$2 billion worth of Venezuelan...
Samsung Electronics to buy 2.5 trillion won of its shares for employee compensation
[SEOUL] Samsung Electronics on Wednesday said it would acquire 2.5 trillion won (S$2.2 billion) worth of its own shares for employee and executive compensation.The shares will be acquired through...
