Tag: per
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Floor interest rate for CPF Special, MediSave and Retirement accounts to remain at 4% for 2027
This extension will help members grow their retirement savings, providing them with certainty on their CPF returns amid the uncertain economic and interest rate environment, said the CPF Board and HDB.
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AI could boost LatAm, Caribbean economy 5.1% over a decade but wages may fall, IDB says
NEW YORK, Sept 21 : Adoption of artificial intelligence could leave economic output in Latin America and the Caribbean 5.1 per cent higher after a decade, while its effect on wages will depend on whether workers can move into expanding jobs, according to forthcoming research from the Inter-American Development Bank.
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Global stocks rally on lower oil prices, US-China hopes
NEW YORK: Stock markets climbed on Monday (Sep 21), boosted by falling oil prices and positive signals from trade talks between Chinese and US officials over the weekend.Wall Street indices capped a buoyant day for global stocks with the Nasdaq piling on 2.3 per cent to finish at a fresh r
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AI could boost LatAm, Caribbean economy 5.1% but wages may fall, IDB says
NEW YORK, Sept 21 : Broad adoption of artificial intelligence could leave the economy of Latin America and the Caribbean 5.1 per cent larger after a decade, but wages could fall by as much as 20.9 per cent if workers cannot move into jobs expanding with AI, according to forthcoming research from the Inter-American
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AMD joins US$1 trillion club as chipmakers rally on AI-driven demand
Advanced Micro Devices briefly soared past US$1 trillion in market capitalisation for the first time on Monday (Sep 21), joining a small group of chipmakers to reach the milestone, as investors bet on its expanding role in AI computing.The company’s shares were last up 9 per cent at US$610, after surging to a
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Hong Kong proposes easier rules for deals, spin-offs
HONG KONG, Sept 21 : Hong Kong Exchanges and Clearing Ltd on Monday proposed easing rules for listed companies making large deals and spin-offs, as the bourse seeks to boost the city’s appeal as a listing venue.Under a consultation paper produced by HKEX, shareholder approval for most major acquisitions, sale
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AMD joins $1 trillion club as chipmakers rally on AI-driven demand
Sept 21 : Advanced Micro Devices briefly soared past $1 trillion in market capitalization for the first time on Monday, joining a small group of chipmakers to reach the milestone, as investors bet on its expanding role in AI computing.The company’s shares were last up 9 per cent at $610, after surging to an a
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Priority Technology to go private in $1.6 billion CEO-led deal
Sept 21 : Payments and banking solutions provider Priority Technology Holdings said on Monday it had agreed to be taken private by a group led by Chairman and CEO Thomas Priore in a deal valued at about $1.6 billion.• The group will pay $8.05 per share in cash for those it does not already own,…
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Stocks gain on AI optimism; lower oil helps bonds
LONDON, Sept 21 : Global stocks rose on Monday, as evidence of booming AI demand lifted tech shares, and oil fell on reports that more supply was leaving the Gulf than previously thought despite the ongoing conflict.The bond market, which last week endured a sixth straight weekly selloff in the face of ris
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Mitsubishi to triple stake in Ayala in $709.5 million Philippines push
Sept 21 : Mitsubishi Corp will more than triple its stake in Ayala Corp to 15 per cent in a 44.5 billion Philippine peso ($709.48 million) deal, the Philippine conglomerate said on Monday, deepening the Japanese firm’s footprint in the country.At 650 Philippine pesos per share, the deal values Ayala at about
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