Morgan Stanley is bullish on Singapore stocks and expects as much as 14% returns for the MSCI Singapore index over the next 12 months. In fact, investors could increasingly be looking to Singapore as a safe place to invest in as uncertainty roils the region, the investment bank said. “We could see inflows supported by […] Read more
With the coronavirus pandemiccausing financial markets to tank and a prolonged period of uncertainty ahead, investors have been flocking to keep their cash in Singapore, with bank deposits in foreign currenciesreaching an all-time high of S$26.9 billion (US$19.2 billion) in April. In fact, such deposits have been steadily increasing since July, last year, data from […] Read more
Anchors and crew work on the set of ABS-CBN’s news program on Feb. 11.Photographer: Ezra Acayan/Getty Images The Philippines’ largest media company, often a target of criticism from the nation’s president, had trading in its shares halted, a day after the government shuttered its television and radio stations. ABS-CBN Corp. was ordered to close by […] Read more
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Britain’s media regulator Ofcom has been chosen by the government to crack down on social media companies over how they deal with harmful content. The watchdog will be handed new powers by London, allowing it to impose a “duty of care” on technology giants like Facebook, Google and Twitter to ensure they take a proactive […] Read more
Boeing fired CEO Dennis Muilenburg, saying Monday it replaced him with the company’s chairman as the nation’s biggest manufacturing exporter struggles to regain the trust of regulators, customers and the public in the wake of two fatal crashes of its best-selling plane, the 737 Max. Muilenberg is out immediately, and Chairman David Calhoun will become CEO […] Read more
Facebook’s sharing of data on its European users with the U.S. is legal and provides sufficient protections, the legal advisor to the EU’s top court said Thursday. In a symbolic win for the social network, Henrik Saugmandsgaard Oe, advocate general to the Court of Justice of the European Union (CJEU), said the use of so-called […] Read more
Chinese consumers are cooling on the iPhone, according to a new report by Credit Suisse analysts. iPhone shipments in China dropped 35.4% in November compared to the same time last year, the analysts wrote in a note Thursday, despite a slight increase in the Chinese smartphone market at the same time. The analysts said Chinese […] Read more
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