Culture
Trump-linked World Liberty Financial seeks license to launch trust bank
The company says that it plans to allow conversion services between US dollars and USD1 without fees at launch[BENGALURU] World Liberty Financial, a crypto venture backed by the family...
China asks tech firms to halt orders for Nvidia’s H200 chips: report
[BENGALURU] Beijing has asked some Chinese tech companies to halt orders for Nvidia’s H200 chips this week, and is expected to mandate domestic artificial intelligence (AI) chip purchases, the...
Flight to quality, dividends lift DBS and OCBC to all-time highs, but analysts warn valuations look expensive
Among Singapore banks, UOB lags peers as investors await greater earnings clarity[SINGAPORE] Attractive dividend yields have pushed DBS and OCBC to fresh all-time highs, and will likely continue to...
Chevron in talks with US government for expanded Venezuela license: sources
Washington also wants other US companies to be involved in oil exports from the country[HOUSTON] Oil producer Chevron is in talks with the US government to expand a key license to...
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...