Many nations around the world find themselves in a delicate balancing act between U.S. and Chinese interests, but one island nation perhaps typifies that struggle. Singapore is a hub for global finance and trade, and so its relationships with the world’s two largest economies are vital to its survival. Speaking with CNBC on Thursday, Singaporean […]
Read moreFour months since the start of a public dispute between Singaporean Prime Minister Lee Hsien Loong and his siblings, the leader of the Southeast Asian island nation said he is not sure whether the matter has been solved. Lee’s two younger siblings, neurologist Lee Wei Ling and businessman Lee Hsien Yang, shocked the country with […]
Read morePyongyang’s ongoing nuclear aggression may potentially result in South Korea and Japan hosting nuclear weapons on their own turf, a scenario that would have wide-ranging negative consequences, Singapore’s leader has warned. “What’s different this time is that North Korea has more nuclear weapons … so the risks are higher,” Prime Minister Lee Hsien Loong said […]
Read moreReports that President Donald Trump is leaning toward Federal Reserve governor Jerome Powell to be the next chairman of the Fed sent buyers into stocks and bonds on the view that he would be a safe bet who would not veer much from current Fed policy. Whether hawk or dove, the next Fed chair is […]
Read moreBasketball legend Kobe Bryant wasn’t shy about letting his opinions fly on the basketball court. In his new career as a businessman, investor and entrepreneur, he’s showing the world that he still holds strong beliefs and wants to speak his mind. The world of sports has been tied up in major national issues over the […]
Read moreOnline personal shopping company Stitch Fix has filed for an initial public offering. The IPO will be the first test of investor reception to the newest breed of online shopping companies. It is likely to be watched closely by its e-commerce peers such as Warby Parker and Rent the Runway. The company did not state […]
Read moreIf you think Verizon’s just a cell phone company, check out its latest earnings report. Verizon said on Thursday it got more new customers than expected during the latest quarter, adding 603,000 retail postpaid connections. This happened despite later phone releases from Apple and Google, which might move more phone upgrades into the fourth quarter, […]
Read moreOnline payments company PayPal is set to report third-quarter earnings after the closing bell Thursday. Here’s what Wall Street expects: EPS: 43 cents, according to Thomson Reuters Revenue: $3.18 billion, according to Thomson Reuters PayPal announced Tuesday that Venmo users will be able to use their account to pay online for purchases from most merchants […]
Read moreIn Amazon’s search for a new campus, one Georgia mayor is upping the ante and offering the e-commerce giant an entire town. Jason Lary, mayor of Stonecrest, Georgia, is willing to carve out 345 acres of the existing town to create a new jurisdiction with the name Amazon. “You think about the economic multiplier with […]
Read moreThe lawmaker overseeing the probe into how Russian agents used Facebook to sway last year’s U.S. election was hoping to hear from one of the company’s technical experts. Instead, Facebook will send its top lawyer and a former Washington insider to testify on Nov. 1. Facebook said Thursday it will send Colin Stretch, its vice […]
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