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Mexican grocery chain Guzman Y Gomez has landed Australia’s biggest IPO in three years. The company’s shares rose by more than a third on its first day of trading on Thursday (June 20), sending an upbeat signal to investor sentiment. Shares in the Sydney startup opened at A$29.90 at 12pm local time, a 36% premium […]
Chinese automakers have urged the Chinese government to raise tariffs on gasoline-powered cars imported from Europe in retaliation for Brussels’ export restrictions on Chinese-made electric cars, the state-run Global Times reported on Wednesday (June 19). At a closed-door meeting on Tuesday, also attended by European automakers, the report said, China’s auto industry “urged the government […]
Singapore job vacancies rose in March 2024 despite a slight increase in the number of unemployed. The latest quarterly report on the labour market paints a mixed picture. Nevertheless, the labour market remains tight with more vacancies than jobseekers, the Ministry of Manpower (MOM) said in its report on the final labour market data for […]
Brent crude futures rose slightly in early trade Thursday after Israeli tanks rolled into Gaza, while U.S. crude futures fell on expectations of rising crude inventories. Brent crude futures for August delivery rose 8 cents to $85.15 a barrel by 0008 GMT. U.S. West Texas Intermediate crude for June delivery fell 27 cents, or 0.3 […]
NEW YORK: NVIDIA has become the world’s most valuable company thanks to a staggering rise in its share price, highlighting how investors believe artificial intelligence will play a huge role in the global economy in the coming years. Nvidia shares rose 3.5% on Tuesday (June 18), giving it a market capitalization of about $3.34 trillion. […]
Singapore updates its money laundering risk assessment Singapore: Gems and metals, and digital payments are two new sectors identified as high risk for money laundering activities, according to Singapore’s latest national risk assessment. The report, released on Thursday (20 June), also showed that the main threat to Singapore in this sector comes from domestic and […]
Trump Media & Technology Group Corp. The company that runs former President Donald Trump’s Truth Social platform said Tuesday that regulators had allowed some investors to resell certain securities and exercised certain warrants. Trump Media & Technology DJT shares fell another 13.5% in after-hours trading Tuesday after dropping 9.82% after falling about 10% during regular […]
Elon Musk got paid. And a lot. Here’s where it gets interesting: Musk has to make Tesla so big, successful, and valuable that the tens of billions of dollars he gets will seem cheap in comparison. You might think selling cars is the way to get there, but you could be wrong. Musk, and by […]
Asian shares were mixed on Wednesday after U.S. benchmarks hit new records following the latest signs that the U.S. economy may slow without falling into recession. U.S. futures were mixed and oil prices were little changed. Tokyo’s Nikkei 225 index rose 0.2% to 38,575.54 as Japan’s trade data for May showed exports rose 13.5% from […]
New York Fed’s John Williams said the bank will “ignore politics” and “rely on data” to make interest rate decisions Following the Fed’s latest meeting and interest rate decision, the New York Fed president and CEO discussed when interest rate cuts might come and what the November election means for the U.S. economy. “Our decision […]