The Straits Times Business News August 16, 2022 6:03 PMSINGAPORE (REUTERS) – The founders of Singaporean rubbish collector 800 Super Waste Management, backed by private equity firm KKR & Co, are nearing a deal to sell the business which could value it at around US$300 million, two sources with knowledge of the matter told Reuters. […]Continue reading
The Straits Times Business News August 10, 2022 7:37 AMBENGALURU (REUTERS) – Coinbase Global reported a larger-than-expected quarterly loss as investors worried by this year’s rout in risky assets shied away from trading in cryptocurrencies, sending its shares down 6 per cent after the bell on Tuesday (Aug 10). Go to Source August 10, 2022 […]Continue reading
The Straits Times Business News June 24, 2022 7:59 AMBENGALURU (REUTERS) – Binance, the world’s biggest cryptocurrency exchange by trading volumes, said on Thursday (June 23) it has signed a partnership with Cristiano Ronaldo for the promotion of non-fungible tokens (NFTs). Go to Source June 24, 2022 – 3:03 am / Twitter: @hoffeldtcom
The Straits Times Business News June 23, 2022 9:05 AMTOKYO (REUTERS) – Oil prices fell 2 per cent in early trade on Thursday (June 23), extending losses from the previous day, as investors worried that aggressive US interest rate hikes could trigger a recession and dent fuel demand. Go to Source June 23, 2022 – […]Continue reading
The Straits Times Business News June 22, 2022 11:17 AMTOKYO (REUTERS) – Asian stocks slipped in volatile trade on Wednesday (June 22), failing to extend Wall Street’s rally as persistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the US dollar. […]Continue reading
The Straits Times Business News June 09, 2022 8:57 AMWASHINGTON/NEW YORK (REUTERS) – The top US securities regulator on Wednesday (June 8) unveiled a planned overhaul of Wall Street retail stock trading rules, aiming to boost competition for handling orders by commission-free brokerages to ensure mom-and-pop investors get the best price for trades. Go to […]Continue reading
The Straits Times Business News June 08, 2022 8:59 AMSINGAPORE (REUTERS) – Singapore-based private securities platform ADDX said it has become the first financial firm in the Republic to recognise cryptocurrency in their assessment of assets of high-net worth clients. Go to Source June 8, 2022 – 3:03 am / Twitter: @hoffeldtcom
The Straits Times Business News May 24, 2022 7:27 AMBENGALURU (REUTERS) – Zoom Video Communications Inc raised its full-year adjusted profit forecast on Monday, betting on robust demand from large businesses in a hybrid work environment, sending shares of the company up 15 per cent in extended trading. Go to Source May 24, 2022 – […]Continue reading
The Straits Times Business News May 13, 2022 11:17 AMTOKYO (REUTERS) – Shares in SoftBank Group gained 10 per cent in morning trading in Tokyo on Friday (May 13) as the market shook off a record loss, which had been widely flagged, at its Vision Fund unit. Go to Source May 13, 2022 – 6:01 […]Continue reading
The Straits Times Business News May 13, 2022 7:22 AMWASHINGTON (REUTERS) – Calling stable prices the “bedrock” of the economy, Federal Reserve Chair Jerome Powell said on Thursday (May 12) the US central bank’s battle to control inflation would “include some pain” as the impact of higher interest rates is felt, but that the worse […]Continue reading
