NEW YORK – Week by week, the bond market crash just keeps getting worse and there’s no clear end in sight. With central banks worldwide aggressively ratcheting up interest rates in the face of stubbornly high inflation, prices are tumbling as traders race to catch up. And with that has come a grim parade of […]
NEW YORK – At the United States Federal Reserve’s meeting on Wednesday, alongside warnings of pain to come, policymakers sketched out a hopeful scenario in which they are able to reduce inflation gently, while the economy, albeit weakening, remains resilient. Not everyone in the market agrees. In particular, traders and analysts who follow the direction […]
HONG KONG – Credit Suisse’s top two executives have told staff the bank is working to establish a stronger franchise in the longer term, according to a memo seen by Reuters on Saturday, amid uncertainty over a global review of its operations. The memo sent by chairman Axel Lehmann and chief executive Ulrich Koerner said […]
LONDON – Porsche AG may be worth little more than two-thirds of the value being touted ahead of the luxury car maker’s initial public offering (IPO), according to an analysis from Quest, a unit of Canaccord Genuity. Volkswagen, the German group which owns the Porsche sports car brand, is seeking a valuation of €70 billion […]
HONG KONG – Hong Kong’s dismantling of hotel quarantine for arrivals is being met by calls for the city to remove remaining restrictions on travellers to help revive its fortunes as an international financial hub. While business groups and analysts welcomed the move, they said the government needs to provide a clear road map to […]
SINGAPORE – Grab – South-east Asia’s biggest ride-hailing and food delivery firm – does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions. Chief operating officer Alex Hungate said that earlier in 2022, Grab had been worried about a global recession and was […]
NEW YORK – LinkedIn ran experiments on more than 20 million users over five years that, while intended to improve how the platform worked for members, could have affected some people’s livelihoods, according to a new study. In experiments conducted around the world from 2015 to 2019, LinkedIn randomly varied the proportion of weak and […]
This National Oceanic and Atmospheric Administration (NOAA) satellite handout image shows post-tropical storm Fiona over eastern Canada, on Sept 24, 2022, at 13:50UTC. Fiona knocked out power to more than 500,000 households as it lashed eastern Canada with strong winds and heavy rain on Saturday, electricity providers said. (HANDOUT / NOAA / RAMMB / AFP) […]
The Artemis I unmanned lunar rocket sits on the launch pad at the Kennedy Space Center on Sept 2, 2022. (CHANDAN KHANNA / AFP) WASHINGTON – NASA said on Saturday that it was scrapping Tuesday's plans to launch Artemis, the US return to the moon after five decades, noting concerns about a tropical storm headed […]
A picture taken on May 8, 2021 shows a sign of the World Health Organization at the entrance of their headquarters in Geneva amid the COVID-19 coronavirus outbreak. (FABRICE COFFRINI / AFP) LONDON / MOSCOW – If rich nations think the pandemic is over, they should help lower-income countries reach that point too, a senior World […]
HONG KONG, Sep 25, 2022 – (ACN Newswire via SEAPRWire.com) – GalaxySpace, a Chinese commercial aerospace company, recently completed its latest financing round with a post-investment valuation of approximately RMB11 billion. As an existing shareholder, Legend Capital continued to support the company by following up on this financing round. Legend Capital first invested in GalaxySpace […]
This National Oceanic and Atmospheric Administration (NOAA) satellite handout image shows post-tropical storm Fiona over eastern Canada, on Sept 24, 2022, at 13:50UTC. Fiona knocked out power to more than 500,000 households as it lashed eastern Canada with strong winds and heavy rain on Saturday, electricity providers said. (HANDOUT / NOAA / RAMMB / AFP) […]
A picture taken on May 8, 2021 shows a sign of the World Health Organization at the entrance of their headquarters in Geneva amid the COVID-19 coronavirus outbreak. (FABRICE COFFRINI / AFP) LONDON / MOSCOW – If rich nations think the pandemic is over, they should help lower-income countries reach that point too, a senior World […]
Leader of Italian far-right party "Fratelli d'Italia" (Brothers of Italy) Giorgia Meloni (rear center on stage) delivers a speech on Sept 23, 2022 at the Arenile di Bagnoli beachfront location in Naples, southern Italy, during a rally closing her party's campaign for the Sept 25 general election. (ANDREAS SOLARO / AFP) ROME – Millions of […]
HONG KONG, Sep 25, 2022 – (ACN Newswire via SEAPRWire.com) – Leadrive Technology, a leading supplier of power semiconductor and motor control solutions for new energy vehicles, recently announced its completion of the series C financing. As the existing shareholder, Legend Capital continued to support this round of financing. This round of financing will be […]
CAMP BONDSTEEL, Kosovo – NATO has brought in reserve troops assigned to its KFOR peacekeeping mission to Kosovo for training, one of the mission commanders said, as a deadline approaches in a spat between the Serbian minority and the government that may spark fresh unrest. KFOR's regional commander east, Colonel Christopher Samulski, told reporters the […]
Vanuatu's president, Nikenike Vurobaravu addresses the 77th session of the United Nations General Assembly at UN headquarters in New York City on Sept 23, 2022. (BRYAN R. SMITH / AFP) UNITED NATIONS – Countries on the front lines of the climate crisis are fed up. During the annual gathering of world leaders at the United […]
This image provided by the National Hurricane Center National Oceanic and Atmospheric Administration shows a satellite view as Hurricane Fiona moves up the United States Atlantic coast, Sept 22, 2022. (PHOTO / NOAA VIA AP) HALIFAX, Nova Scotia – Eastern Canada on Saturday braced for what could become one of the most severe storms in […]
SINGAPORE – There are two crucial points when it comes to financial planning – understanding exactly what you are going to do and sticking to it through thick and thin. Get them wrong and you could pay a heavy price as a man here knows all too well now, given he stands to lose $205,000 […]
SINGAPORE – Marriage breakdowns often spark wrangling over who owns – and owes – what, but spouses making claims that have little or no basis in fact can reap severe legal repercussions. It is not just one spouse demanding a greater share of some asset; it can often work the other way as well, with […]