SINGAPORE (BLOOMBERG) – The Monetary Authority of Singapore (MAS) is turning to regulation and technology to tackle so-called “greenwashing”, which it considers the weakest link in the push to expanding sustainable finance. Banks in Singapore will have to undergo stress tests from next year while making regulatory disclosures to ensure they are managing risks related […]
SINGAPORE – Blue chips tend to be seen as a boring but reliable pillar of the investment world but dental care executive Leon Luai has being snapping up these tried and true gems now that prices are low amid the lingering economic uncertainty. His strategy has been refined over time and he usually holds onto […]
Much of our lives have moved online, a trend accelerated by the global pandemic. Investing, too, has evolved into something that can be done at the click of a mouse. Signing up for Investment-Linked Policies (ILPs) has traditionally been a lengthy and complicated process, from that first meeting with a financial advisor to navigating the […]
FRANKFURT/ZURICH (Reuters) -Credit Suisse will rein in its investment bankers and plough money into looking after the fortunes of the world’s rich as it tries to curb a freewheeling culture that has cost it billions in a string of scandals.The logo of Swiss bank Credit Suisse is seen at a branch office in Zurich, Switzerland, […]
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 20 months last week, suggesting the economy was regaining momentum amid a significant improvement in public health, though supply constraints remain.FILE PHOTO: Signage for a job fair is seen on 5th Avenue after the release […]
“One of the key things about tech businesses, they’re invested in change, not the status quo,” says TIN (Technology Investment Network) founder Greg Shanahan. “So in many ways, radical disruptive change like Covid plays to those strengths, and in particular the strength of a country like New Zealand, where we’ve had a more cohesive response […]
(Reuters) – As companies, investors and policymakers fret over port logjams, freight costs and chip shortages, some indicators are starting to signal that global supply chain stress may be on the wane.FILE PHOTO: The port of Long Beach is shown as a record number of cargo container ships wait to unload in Long Beach, California, […]
Up till now, Chorus’ approach versus fixed-wireless competition from Spark and Vodafonehas centred largely on outmuscling the mobile competition for raw speed. In June, it doubled the speed of its top Hyperfibre product from 4 gigabits per second (or 4000Mpbs) to 8Gbps – with Chorus shareholders told at last week’s annual meeting that speeds of […]
Facebook said it will shut down its face-recognition system and delete the faceprints of more than 1 billion people amid growing concerns about the technology and its misuse by governments, police and others. “This change will represent one of the largest shifts in facial recognition usage in the technology’s history,” Jerome Pesenti, vice-president of artificial […]
Maersk, the world’s biggest shipping company, has warned there is “little visibility” about when bottlenecks in global supply chains will end. The Danish group, which reported record quarterly revenues despite the disruption as its freight rates increased sharply, said current conditions were expected to continue at least until the first quarter of next year. A […]