Monday, 6 May 2024

Business

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2 in 3 Singapore bank customers keen to try digital banks: Survey

SINGAPORE – Bank users in Singapore, led by younger customers, welcome the entry of digital banks, according to a survey by global marketing information services firm JD Power released on Thursday (Aug 1). Overall, nearly two-thirds (65 per cent) of customers are interested in opening digital bank accounts in 2019, compared with 52 per cent […]

Brendan Keenan: 'FDI employers are evolving and our system has got to adapt'

HERE is an obscure but instructive factoid. In the 1950s, when the great maritime powers were building new transatlantic liners for the post-war era, the Dutch launched the ‘Rotterdam’, a ship which could double as either passenger vessel or cruise ship. This ability in long-term planning is an important aspect of the much-admired Nordic models, […]

UK’s worst service station where toilets are "grim" and facilities "dismal"

One of Britain's major service stations has been named the worst in the country for its "dismal" appearance and facilities. Severn View motorway services on the M48 in Gloucestershire scored a customer satisfaction rating of just 72% in a survey by watchdog Transport Focus. The stop-point, which overlooks the Severn Bridge has been ranked the […]

U.S., China to keep talking on trade after little progress in Shanghai

SHANGHAI/WASHINGTON (Reuters) – U.S. and Chinese negotiators ended a brief round of trade talks on Wednesday with little sign of progress and agreed to meet again in September, prolonging an uneasy truce in a year-long trade war between the world’s two largest economies. The talks were the first face-to-face meetings since U.S. President Donald Trump […]

WeWork hosts analysts before IPO; debt, lease obligations in focus

NEW YORK (Reuters) – Wall Street banks are set to grill WeWork on its finances on Wednesday as it prepares to publicly sell stock for the first time, possibly in September, a sale that will create a benchmark for the rapidly expanding flexible office industry. WeWork declined to comment on the analyst day, which people […]

Samsung Electronics looks to chip recovery as second-quarter profit falls 56%

SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) said it expected the chip market to bottom out and start to recover in the second half as it posted a 56% drop in quarterly profit on Wednesday, hit by declines in semiconductor prices amid oversupply. The outlook from the global chip leader will give investors hope […]

Trump Goads China as Trade Talks Resume

WASHINGTON — President Trump lashed out at China on Tuesday morning as trade talks between the two nations resumed, taking credit for weakening China’s economy and downplaying the likelihood of a deal before the 2020 election. The president’s comments, in posts on Twitter and remarks to the press, came just as his top negotiators were […]

Oil rises on expectations of Fed rate cut, another U.S. crude drawdown

NEW YORK (Reuters) – Oil prices rose on Tuesday, on track to close at a two-week high, on optimism the U.S. Federal Reserve will cut interest rates this week for the first time in more than 10 years, boosting demand expectations in the world’s biggest oil user. Meanwhile, ahead of weekly data, crude oil inventories […]

U.S. Soccer claims they pay women more than men

When the U.S. women’s national team won the World Cup three weeks ago, the crowd in Lyon, France began chanting “Equal pay! Equal pay!” Since then, the U.S. Soccer Federation has been under pressure from not just fans, but its own members, sponsors and even representatives from Congress. Now, U.S. Soccer is breaking its silence, forcefully pushing back on the […]