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
The Straits Times Business News November 16, 2022 11:19 AMNEW YORK – Sea shares shot up 36 per cent in its biggest single-day jump after the gaming and e-commerce company posted a smaller-than-expected quarterly loss, helped by drastic cost cuts. Go to Source November 16, 2022 – 6:04 am / Twitter: @hoffeldtcom
The Straits Times Business News November 06, 2022 4:03 PMNEW YORK – The pandemic upended the world of work, and produced a string of new buzzwords along the way, including WFH (work from home), RTO (return to office), the Great Resignation and, more recently, “quiet quitting.” Go to Source November 6, 2022 – 10:43 am […]Continue reading
The Straits Times Business News October 27, 2022 9:44 AMNEW YORK – Credit Suisse Group, lining up the pieces of a sweeping overhaul, is in advanced talks with a group of investing giants including Apollo Global Management to sell at least part of its securitised products business, according to sources with knowledge of the matter. […]Continue reading
The Straits Times Business News October 09, 2022 10:21 PMNEW YORK – In supply chain circles battered by two years of chaos, the word “normal” is creeping into the outlook for 2023. According to the latest Logistics Managers’ Index, “September’s future predictions hint at normalisation and a return to business as usual over the next […]Continue reading
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