The Straits Times Business News June 13, 2023 8:30 AMNEW YORK – Oracle gave investors a boost by saying the company’s cloud-computing business will continue to grow rapidly in the coming fiscal year after a strong performance in the past quarter. Shares, which had jumped to a record high at the close, rose another 3 […]Continue reading
The Straits Times Business News February 20, 2023 8:31 AMNEW YORK – Bitcoin finished the work week on an even keel, recouping earlier steep losses to finish unchanged as bullish sentiment offset concern over a widening US crypto enforcement effort and the backdrop of rising interest rates. Go to Source 20/02/2023 – 03:02 / Twitter: […]Continue reading
The Straits Times Business News January 24, 2023 9:25 AMNEW YORK – A new survey of business economists suggests that job market conditions in the United States are beginning to soften, with firms indicating an easing of labour shortages and a pullback in hiring expectations. Go to Source January 24, 2023 – 6:02 am / […]Continue reading
The Straits Times Business News December 14, 2022 9:00 AMNEW YORK – Some of the banks that lent Elon Musk US$13 billion (S$17.5 billion) to buy Twitter are preparing to book losses on the loans this quarter, but they are likely to do so in a way that it does not become a major drag […]Continue reading
The Straits Times Business News December 13, 2022 8:39 AMNEW YORK– Wall Street banks are set to offload at least another US$520 million (S$700 million) of loans for the buyout of US cloud computing firm Citrix Systems in a second block trade of the debt that lenders have been stuck holding for months, according to […]Continue reading
The Straits Times Business News November 24, 2022 7:33 AMNEW YORK – When his cryptocurrency exchange started teetering in early November, Sam Bankman-Fried went on Twitter to calm everyone down. FTX was fine, he insisted. Nothing to worry about. Joining him in the outreach was a close colleague: Caroline Ellison, the 28-year-old chief executive of […]Continue reading
The Straits Times Business News November 20, 2022 5:00 AMNEW YORK – Should a business or an investment fund care only about how environmental, social justice and governance (ESG) issues affect its bottom line, or should it also be attuned to how its operations affect the world? Go to Source November 20, 2022 – 12:03 […]Continue reading
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