(Reuters) – Bank of America Corp said on Tuesday it would raise its minimum wage to $20 per hour over a two-year period. On May 1, the minimum hourly wage will rise by $2 to $17, the bank said reut.rs/2Il5148. Bank of America joins other Wall Street banks that have raised hourly wages following U.S. […]
DUBAI (Reuters) – Orders for Saudi Aramco’s debut international bonds topped $85 billion, a record breaking vote of market confidence for the oil giant despite some investor concerns about government influence over the company. State-owned Aramco was expected to raise around $10 billion from the deal, which will be priced later on Tuesday and is […]
SYDNEY (Reuters) – World No. 2 casino operator Wynn Resorts made a A$10 billion ($7.1 billion) takeover approach for Australia’s Crown Resorts, the target company said on Tuesday, hoping to expand its geographic reach as it faces growth hurdles in Asia. The deal would offer Wynn a hedge against Macau, the Chinese gambling hub where […]
Coffee with Claressa: Minister Ng Chee Meng on the record 39:52 mins Synopsis: A special Coffee with Claressa interview with Minister Ng Chee Meng, Minister in the Prime Minister’s Office and secretary-general of the National Trades Union Congress (NTUC). Produced by: Claressa Monteiro of Prime Time on MoneyFM 89.3 Feedback to: [email protected] Download ST & […]
Mike Ashley's Sports Direct has made a revised £200 million rescue offer for Debenhams, delaying the department store's likely administration. The offer involves underwriting a rights issue which would see existing investors buying newly issued shares and is an advance on an £150 million plan tabled on Monday, which was rejected. Under Ashley's latest proposal, […]
SINGAPORE – Singapore-based co-living start-up, Hmlet, has signed a new property in the Tanjong Pagar, Cantonment Downtown CBD precinct. The building was the former location of Keppel Primary School, before it was used as Corrupt Practices Investigation Bureau (CPIB) headquarters from 1998 to 2004. Hmlet will operate more than 150 rooms as serviced apartment units […]
SHANGHAI (Reuters) – China Aircraft Leasing Group Holdings Ltd (CALC) on Tuesday said it has not put its order for 100 Boeing Co 737 MAX jets on hold nor had it suspended payment, rebutting an earlier report by the South China Morning Post (SCMP) newspaper. The SCMP attributed its information to comments from CALC Chairman […]
For 24 years, the editor and publisher Katrina vanden Heuvel has been the public face of The Nation, the oldest continuously published weekly in the United States. On June 15, she will give up her job as day-to-day editor, and be succeeded in the role by D. D. Guttenplan, an author long associated with the […]
(Reuters) – Warren Buffett, whose Berkshire Hathaway Inc is Wells Fargo & Co’s largest shareholder, urged the bank in an interview with the Financial Times on Sunday to look outside Wall Street for a new chief executive officer. “They just have to come from someplace (outside Wells) and they shouldn’t come from Wall Street. They […]
(Reuters) – U.S. stocks headed lower on Monday, following the S&P 500’s seven-day winning streak, as Boeing’s shares took a hit and investors braced for what could be the first decline in corporate earnings since 2016. Shares of the U.S. planemaker fell 4.7%, pulling the S&P industrials sector down 1%, after the company said it […]