The Japanese yen fell to fresh 34-year lows against the U.S. dollar after the Bank of Japan decided to keep interest rates on hold. The currency briefly spiked to 154.97 per dollar at one point, perhaps in hope that authorities may finally intervene to support the embattled yen. Not only did the BOJ dash hopes that rate hikes may be around the corner, but economic data compounded that assessment.
SINGAPORE (Reuters) -Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and commodities trader Glencore. Reuters reported last August that Shell had hired Goldman Sachs to explore a potential sale of its refining and petrochemical plants in Singapore as part of a broader strategic review globally to become a lower-carbon operator.
Palantir, a data analytics software company, continued to gain traction with its artificial-intelligence tools in the quarter ended in March. Palantir shares, which rallied 8.1% in Monday’s regular session, fell more than 15% on Tuesday. Palantir followed up its “bombastic” December quarter with even better results for the March quarter as the data analytics software company continued to gain traction with its artificial-intelligence tools, in particular with U.S. commercial customers.
Known as the Oracle of Omaha, Warren Buffett is one of the most successful investors of all time. He started his first investment partnership in 1956 with a few friends and family. An investment in...
Billionaire investor Stanley Druckenmiller, who runs the Duquesne Family Office, has tapped the brakes on his Nvidia Corp (NASDAQ:NVDA) investment as he believes the artificial intelligence revolution has gone too far too fast. What To Know: Druckenmiller has been betting on AI for more than a year with positions in Nvidia, Microsoft Corp (NASDAQ:MSFT) and other tech leaders. Recent quarterly filings show that he even bought call options in Nvidia stock to help boost his investment exposure. Tue
Singapore's biggest bank DBS Group said on Wednesday that it has appointed Ping An Technology's chairman and CEO Eugene Huang as its chief information officer (CIO) effective Friday. Huang, who is joining from Ping An Group, has over 36 years of technology and banking experience and will report to DBS Group CEO Piyush Gupta in his new role, DBS said in a statement on Wednesday. "His immediate focus will be to build on the work the bank has done since last year to strengthen our technology resiliency," Gupta said in the statement.
Sam Bankman-Fried's failed company has come up with the $8 billion that clients lost when the crypto exchange went bankrupt.
UOB is the second Singapore bank to report its earnings. The post UOB Profit Dips, Maintains Optimistic Outlook for 2024: 5 Highlights from the Bank’s Latest Earnings appeared first on The Smart Investor.
We profile three Singapore businesses that announced acquisitions to grow their top and bottom lines. The post 3 Singapore Companies That Conducted Acquisitions to Grow Their Business appeared first on The Smart Investor.
UOB announces net profit of $1.49 billion including Citi integration costs, higher q-o-q, lower y-o-y, and 6% above estimates.
Results from Disney took center stage as the media giant posted the first profit for a key part of its streaming business.
While the exact threshold fluctuates based on factors such as local cost of living and inflation, those in the upper middle class typically have an estimated household income of $150,000 to $250,000....
The European Union has struck a deal to send up to £2.6 billion a year to Ukraine from frozen Russian assets.
LONDON (Reuters) -Investors have gone from bracing for a U.S. recession to positioning for the world's biggest economy to keep chugging along. European growth is also better than anticipated a few months ago, a challenge for traders trying to divine how much central bankers will lower interest rates. Many analysts said this would be the year U.S. growth buckled, after the same predictions proved woefully wrong in 2023.
Looking for capital gains? These four growth stocks may just be right for your portfolio. The post 4 US Growth Stocks That Can Lift Your Portfolio to New Heights appeared first on The Smart Investor.
The Security and Exchange Commission is expected to make a final decision on Ether spot ETFs this month.
HOUSTON (Reuters) -Three insurance companies have rejected Chevron's claim over the seizure last year of an oil cargo by Iran, according to a complaint filed on Tuesday in a U.S. court in California. The Chevron-chartered tanker Advantage Sweet was boarded by Iranian military in the Gulf of Oman in April 2023 and its crude oil cargo confiscated and later transferred to an Iranian vessel. Zurich American Insurance, Liberty Mutual Insurance and Great American Insurance asked a U.S. District Court in San Francisco to uphold their rejection of Chevron's $57 million claim under both marine cargo and war risks policies the company held.
Every financial advisor recommends having an emergency fund, but in what type of account or investment vehicle should you keep this emergency fund? Money guru Suze Orman, who encourages people to set...
Investors should brace for waves of fear, uncertainty and doubt – or FUD – over the next few months, a K33 Research analyst said.
We're fortunate to live in a world in which a massive amount of financial knowhow is at our fingertips, and represented by a diverse group of voices. This month we're celebrating Asian American and...
The recent meme stock moment might be thought of as an indication that exuberance has once again gone too far. But this time, a closer look at seven key meme stocks shows that it might be a perfectly good sign for the market.
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