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The worst was last year's pandemic-crimped period when you couldn't pay most patrons to sit in a crowded theater.
NEW YORK (Reuters) -Oil prices slid for a second day in a row on Friday, pressured by an unexpected rise in U.S. crude and fuel inventories while investors took profits after the benchmarks touched seven-year highs earlier in the week. Brent futures fell 49 cents, or 0.6%, to settle at $87.89 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 41 cents, or 0.5%, to settle at $85.14. "The latest pullback is most likely due to a combination of pre-weekend profit-taking and the absence of fresh bullish catalysts," said PVM analyst Stephen Brennock, noting Thursday's bearish data from the Energy Information Administration (EIA).
US stocks sank again Thursday as investors shunned equities amid lingering worries over surging global inflation and the prospect of rising interest rates.
The market is welcoming its very first two SPACs this week. The post Top Stock Highlights of the Week: Oversubscribed SPACs, OCBC and a Brand New China EV ETF appeared first on The Smart Investor.
Photo of Tanglin Mall (Credit: Samuel Isaac Chua/The Edge Singapore)SINGAPORE (EDGEPROP) - Prime retail rents across Singapore fell 1.1% q-o-q in 4Q2021, averaging at $25.40 psf per month, according to a research report by Knight Frank.For the whole of 2021, prime retail rents fell 5.8% y-o-y. Ethan Hsu, head of retail at Knight Frank Singapore, notes that the rentals of prime spaces in suburban malls were most resilient throughout 2021, even though a decrease of 3.5% y-o-y was recorded.“Prevail
WASHINGTON/SAN FRANCISCO (Reuters) -Intel Corp said on Friday it would invest up to $100 billion to build potentially the world's largest chip-making complex in Ohio, looking to boost capacity as a global shortage of semiconductors affects everything from smartphones to cars. The move is part of Chief Executive Officer Pat Gelsinger's strategy to restore Intel's dominance in chip making and reduce America's reliance on Asian manufacturing hubs, which have a tight hold on the market. An initial $20 billion investment - the largest in Ohio's history - on a 1,000-acre site in New Albany will create 3,000 jobs, Gelsinger said.
An investor's learning journey never ends. Here are three crucial investing lessons I learned last year. The post 3 Important Investing Lessons I Picked Up from 2021 appeared first on The Smart Investor.
NEW YORK/LONDON (Reuters) -Risk aversion dominated markets on Friday as stocks slumped on Wall Street and in Europe, oil prices fell from seven-year highs earlier in the week and bond prices surged with traders scurrying for the relative safety of government debt. Poor subscriber growth reported late Thursday at Netflix Inc sent its shares plunging 21.8% and cast a pall over a market already shaken by concerns the Federal Reserve will tighten monetary policy too aggressively to fight inflation. Investors are waiting for details from the Fed's policy meeting next week on how it will proceed at a time that inflation is such a hot political issue it could force a more hawkish stance.
Thailand plans to decriminalise marijuana, moving a step closer to clearing its use for recreation, after becoming the first country in SE Asia to legalise medical cannabis and its use in food and cosmetics.
Credit: Albert Chua/The Edge SingaporeSINGAPORE (EDGEPROP) - An annual survey by CBRE has found that Singapore is the third preferred destination for cross-border real estate investment in 2022, after Tokyo and Shangai.Read also: Asia Pacific office market expected to be upbeat next year: C&WThe survey, which covers all property types, polled more than 530 Asia Pacific-based investors.This is the third consecutive year Tokyo has topped the list. Greg Hyland, CBRE’s head of capital markets, Asia
Growing indoor plants in Singapore has become more popular over the past few years. In this guide, we'll give you the 7 best tips from a plant expert on how to choose a plant friendly-home.
Date nights should not be boring. The post DollarsAndSense Experiences: Why Paying For A Movie Ticket At The Projector Goes Beyond Just A Typical Date Night appeared first on DollarsAndSense.sg.
The Francis and Dionne Najafi Global Initiative is a one-of-a-kind inclusive, innovative, impactful global initiative that will advance the United Nations Sustainable Development Goal 4, Quality Education for all. Goal is for 70% of participants to be women. PHOENIX, US - News Direct - 20 January 2022 - Thunderbird School of Global Management, home of the world's No. 1 ranked Master's in Management at Arizona State University (ASU), ranked No.1 for innovation in the U.S., announced today a trans
In the year 2022, we say farewell to the steady Ox and welcome in the fierce Tiger. We know the tiger as a magnificent...
Gold was set to rise for a second consecutive week on Friday as inflation and geopolitical risks underpinned its safe-haven appeal, while strong demand and supply risks put autocatalyst palladium on course for its best week since March. Spot gold edged down 0.1% to $1,836.60 per ounce as of 10:17 a.m. ET (1517 GMT). "The bulls are in control because there's definitely flight-to-safety going into the gold market this week," said Bob Haberkorn, senior market strategist at RJO Futures.
HONG KONG SAR - Media OutReach - 21 January 2022 - H Development Holdings Limited (the "Company") is pleased to announce that Rolls-Royce Motor Cars Hong Kong, the world's pinnacle automobile brand, has debuted two new Black Badge models at the Black Badge Duology Exhibition at the Company's renowned Ginza-style commercial building Henry House. Following the showcase of the limited-edition Black Badge Dawn Landspeed Collection between 6 January and 16 January, the latest Black Badge Ghost is now
Most businesses expect Mainland China's GDP to grow by five per cent or more.Eighty-three per cent predict their company's profits will increase or remain stable.Challenges include global economic uncertainty, the pandemic and potential trade barriers.BEIJING, MAINLAND CHINA - Media OutReach - 21 January 2022 - Most businesses in Mainland China are confident about the country's 2022 economic and business outlook, according to a new survey by one of the world's largest professional accounting org
Asian spot liquefied natural gas (LNG) prices dropped this week as large Chinese sell tenders signalled that supplies are well-stocked amid continued tepid Asian demand. The average LNG price for March delivery into north-east Asia fell to around $23.00 per metric million British thermal units (mmBtu), down $9.60 or nearly 30% from the previous week, industry sources said. China's Sinopec issued a tender on Wednesday to sell up to 45 cargoes this year.
While the wealth of US billionaires has grown during the COVID pandemic, so too have their donations to charity. But who's the most generous of them all?
One day after shares of at-home fitness company Peloton tumbled, Netflix found itself in Wall Street's hot seat Friday as markets reassess the diminishing growth prospects of so-called "pandemic stocks."The streaming video service lost some $40 billion in market capitalization after releasing results Thursday night that projected growth of just 2.
A lacklustre market debut for the first two blank-cheque companies to list in Singapore is raising some questions whether the excitement seen for such vehicles in the US early last year will prevail in Asia.