Business News

Goldman feels the heat in Asia as IPO engine slows

Goldman Sachs Lays Off 4,000 Employees; Revenue Outlook Bleak as Deals Market Shrinks

Goldman chief executive David Solomon has been vocal about economic headwinds the bank faced as deal making dried up.

Dec 17, 2022

By Jacob J

Binance CEO Changpeng Zhao Says Deposits Returning After Mega $1.14 Billion Withdrawals

Since the bankruptcy of FTX, Binance has been seeking to prove it has all of its customers' reserves.

Dec 16, 2022

By IANS

SGX Group and Jenga BCG and partners Host an Outreach Event for Family Offices in Singapore

Mr Lin said SFOs are a nascent sector in Singapore, hence they should constantly monitor the changing regulatory requirements

Dec 15, 2022

By IBT Desk

US Central Bank Tightens Monetary Policy Again to Bring Benchmark Rates to the Highest Level Since 2007

The US Federal Reserve increased benchmark interest rates by 50 basis points on Wednesday, bringing the US rates to the range of 4.25-4.50 percent.

Dec 15, 2022

By Jacob J

Justin Bieber, Madonna, Post Malone and Other Artists and Athletes Face Lawsuit for Helping BAYC Boost Price of NFTs

Celebrities have found themselves caught in a class action lawsuit for promoting Yuga Labs' popular BAYC non-fungible tokens.

Dec 10, 2022

By Nandika Vinal Chand

Keystone Pipeline Shut After 14,000-Barrel Oil Spill in Kansas

The 622,000 barrel-per-day Keystone line is a critical artery shipping heavy Canadian crude from Alberta to refiners in the U.S. Midwest and the Gulf Coast.

Dec 9, 2022

By Reuters

elon-musk-says-8-monthly-fee-for-twitter-blue-tick-krk-vivek-agnihotri-react

Twitter to Raise Subscription Cost of Blue Tag to $11 for iPhone Users Due to Apple's Revenue Policy - Report

After his meeting with Apple CEO Tim Cook, Musk said that they had "resolved" misunderstandings over the micro-blogging platform possibly being removed from the App Store.

Dec 8, 2022

By IBTimes APAC Desk

Gold Prices at the Cusp of a Big Surge; Will Soar to $3,000 Per Ounce in 2023 - Analysts

If the prediction by Denmark's Saxo Bank comes true, gold prices will jump nearly 70 percent in 2023.

Dec 8, 2022

By Jacob J

Singapore Looking to Install Smarter Crypto Regulations

The nation's monetary authority has advised that they are adopting a risk-focused approach to digital assets, minimizing the risks regarding digital assets, while still facilitating innovation in the area.

Dec 7, 2022

By IBT Desk

Daytrading.com helps traders ride safely in daily trading in financial markets

Daytrading.com has a team of experts who have an in-depth understanding and extensive experience in the field.

Dec 6, 2022

By IBT Desk

Ripples of FTX Collapse Felt in Australia: Swyftx Lays Off 100 Employees as Crypto Market Conditions Worsen

An Australian crypto exchange has felt the ripple effects of FTX's collapse and took the major decision to lay off up to 90 employees in an effort to brace the worse.

Dec 5, 2022

By Nandika Vinal Chand

Top 7 Reasons Why Beginners Should Start With Copy Trading

Copy trading is a great way to diversify your portfolio. This is because you're not putting all your eggs in one basket.

Dec 5, 2022

By IBT Desk

Kawa Junad Surpasses Demand for Better Banking in Iraq, Pushes For New Digital Financial Ecosystem

Kawa Junad said We know exactly the needs and try to invent something new even if it's not available. Instead of going through any legacy in that business, we develop something that accommodates the market's needs

Dec 5, 2022

By Pau Castillo

Saudi Arabian Crown Prince Mohammed to Invest $500 Million in Crisis-Hit Credit Suisse - Report

Prince Mohammed's investment will go into Credit Suisse's investment arm CS First Boston spinout, the WSJ said.

Dec 5, 2022

By Jacob J

Global Banks Will Rake in Solid Profits in 2023 on Rising Interest Margins, Says

Capital ratios will remain broadly stable across regions, as solid profitability allows banks to generate capital internally and as regulatory requirements remain high.

Dec 3, 2022

By IANS

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