Latest Reporting by Straits Times — Business
20 Stories IndexedTata’s rival camps lawyer up ahead of looming legal battle
Opposing factions within the Tata conglomerate have retained legal counsel in anticipation of an upcoming court dispute. The legal challenge centers on the future governance and strategic leadership of the long-standing business empire.
The outcome of this leadership dispute will determine the operational control and future strategic direction of one of the world's oldest and largest conglomerates.
UOB shares rise after Fed hikes rates; yen weakens against Singdollar: Markets this week
Banks, including RHB and UOB, expect the US Fed to hike rates at the December meeting.
OpenAI projects burning through $354 billion by 2030: Financial Times
OpenAI is investing heavily in computing power and expects expenses to vastly outpace those gains, according to FT.
She built wealth through property, then chose to fund a social enterprise
Eileen Yap redirected her savings towards a social enterprise for youths with special needs.
Property valuation reports: Why it pays to pay for one
The couple paid just over $300,000 for their flat, which had a market value of more than $1.2 million
Former Cathay cinema operator mm2 Asia gets more time to seek backing for debt restructuring
Mm2 Asia, the former operator of Cathay cinemas, has received approval from the High Court to hold creditor meetings regarding its debt restructuring. The court granted the two companies additional time to seek financial backing and negotiate terms with their creditors.
S&P 500, Nasdaq advance, turning the page on a tumultuous week
The Dow Jones Industrial Average fell 95.40 points, or 0.18 per cent; the S&P 500 gained 12.74 points, or 0.17 per cent, to 7,650.50.
When owners fight over new HDB flats
Owners cannot count the profits for brand new flats as they have to satisfy the minimal occupancy period
Why paying $40 a day for silence was my best investment this year
Being socially and digitally disconnected at a silent retreat was peaceful, says the writer.
OCBC’s blue-chip plan gains traction with young investors, with 1 in 4 customers now under 35
More younger investors are turning to BCIPs as a way to start investing small and build up savings.
Money trauma is a growing topic of discussion in Singapore, say coaches and social workers
The city’s fast pace of life and rising cost of living have led to more anxieties related to money.
Disney taps AI executive Karandeep Anand as first tech chief
Anand previously served as chief executive of Character.AI, an online chatbot that lets users talk with artificially created characters.
Man sues HSBC Life over wrong 2002 ‘involuntary resignation’ record, but loses defamation claim
Prudential wanted the man full-time but he did not want to leave his part-time MBS job: High Court
From failing mill to trillion-dollar empire: The bets that made Warren Buffett a legend
He built one of the world’s largest conglomerates with bold bets, big rescues and Apple stocks.
Questions raised as tech giant Sea tells S’pore staff to credit salaries into MariBank accounts
An internal memo said that MariBank will be the "mandatory" salary crediting bank for all Singapore-based staff of Sea.
Grab’s Atome deal advances its ASEAN super-app ambitions – but is it paying too much?
The deal could also open the door for Grab to tap a segment that traditional financial institutions have struggled to serve.
Warren Buffett steps down as Berkshire chairman, succeeded by son Howard
The “Oracle of Omaha” turned a failing textile company into a US$1.1 trillion conglomerate.
Oil prices set for weekly fall on easing fears over Saudi supply disruption
Crude prices are on track for a weekly decline as market participants largely dismissed potential risks to crude flows stemming from ongoing clashes between Saudi forces and the Houthis. Traders have currently priced out immediate supply disruption concerns from the Middle East conflict.
Japanese yen may remain weak despite BOJ’s rate hike: Analysts
The Bank of Japan recently increased its policy rate by 25 basis points to 1.25 percent. Financial analysts suggest that this monetary tightening may not be sufficient to strengthen the Japanese yen.
Bank of Japan lifts rates to 31-year high; two board members dissent
Dovish board members Toichiro Asada and Ayano Sato dissented to the decision.