Business
Bank of Japan says to raise rates if price target to be achieved, despite losses on JGBs
Bank of Japan (BOJ) Governor Kazuo Ueda said on Monday (Mar 24) that the central bank will continue to raise interest rates if its…
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Losses
Business
Norinchukin CEO plans to resign after massive bond losses
A government panel of experts has urged Norinchukin to diversify its bond-heavy portfolio and bring in more outside talent NORINCHUKIN…
Business
NSL reverses losses with a net profit of S$18.9 million in latest 6-month results
INDUSTRIAL group NSL posted a net profit of S$18.9 million for the six-month period ended Dec 31, 2024, a reversal from its net loss of…
Business
Over 500 investors, including 300 Singaporeans, kick off claim against Switzerland over Credit Suisse bond losses of over US$250 million
Drew & Napier is leading action by investors who saw their investments wiped out when CS AT1 bonds were written down as part of takeover…
Business
Markets trim losses after pause to Trump's Mexico tariffs
US shares have halted their slide, after the president of Mexico said she had reached a deal with US President Donald Trump to suspend…
News
Oil posts weekly losses as US set to impose tariffs on Canada, Mexico
Oil prices eased on Friday (Jan 31) and closed the week lower as investors awaited 25 per cent tariffs by the US on Canada and Mexico,…
Business
Singapore police partner banks to prevent S$73 million in potential scam losses
Two-month operation relies on robotic process automation technology to detect possible victims, enabling authorities to reach out to them…
Business
Asia: Stocks mostly down after Wall St losses
ASIA stocks mostly fell in thin holiday trade on Monday (Dec 30) after tech losses killed off the traditional year-end lift on Wall Street…
News
North Korea loses more than 1000 troops in single week: US
North Korean troops fighting in Russia's Kursk region are facing mass casualties, the U.S. has said. White House National Security Council…
Business
Losses from crypto hacks jump to US$2.2 billion in 2024: report
FUNDS stolen by hacking cryptocurrency platforms surged 21 per cent from a year ago to US$2.2 billion in 2024, a report from blockchain…
Business
US: Stocks end flat as rebound effort losses steam
WALL Street stocks finished little changed on Thursday (Dec 19) as Treasury bond yields climbed further in the wake of a Federal Reserve…
Business
STI extends losses; falls 0.5% on Wednesday
THE Straits Times Index (STI) fell for a second day on Wednesday (Dec 18), while regional indices had mixed results. The STI was down 0.5…
Business
Singapore stocks fall, with Hongkong Land leading losses; STI down 0.5%
SINGAPORE shares closed lower on Wednesday (Dec 11) amid declines in the banking stocks, with property developer Hongkong Land the biggest…
Business
Biggest Gambling Losses in History
Gambling can be thrilling, but it can also lead to huge losses. Throughout history, there have been many stories of people who lost a lot…
News
Russia rapidly approaching major losses milestone: Kyiv
Russia is rapidly approaching a major milestone in terms of loss of troops, nearing 750,000 deaths in the war with Ukraine, Kyiv reported.…
News
Oil settles down on strong US supply, losses capped by Ukraine escalation
OIL prices settled lower on Wednesday (Oct 20) after US crude and petrol stocks rose by more than expected last week, but losses were…
Business
Spirit Airlines Files for Bankruptcy Amid Piling Debt and Years of Financial Losses after Merger With JetBlue Fails
Spirit Airlines announced on Monday that it has filed for bankruptcy protection as it works to restructure its operations amid mounting…
Business
Chinese stocks lead Asia markets’ weekly losses amid China data, Fed signal on rate cuts
Major markets across Asia-Pacific broadly fell this week as US consumer prices released showed that inflation stayed firm, and its central…
Business
Hertz falls on mounting losses from failed bet on Tesla EVs
HERTZ Global Holdings tumbled after the company reported a worse-than-expected loss stemming from the rental car company’s failed bet on…
Business
HSBC’s Roberts says first round of job losses coming in weeks
THE head of HSBC Holdings’s new global wholesale banking division said the lender will seek to wrap up an ongoing restructuring “very…
Business
South Korean refiners’ losses deepen in Q3, margins set to improve in Q4
SOUTH Korean refiners reported on Monday (Nov 4) sharp losses in the third quarter from oil refining, but expect their margins to recover…