How retiree in Singapore saved over $1.6m in her CPF

A 67-year-old retiree holds a record of sorts that most of us would yearn for – she has more than $1.2 million in her Ordinary Account (OA) of the Central Provident Fund (CPF). If that’s not impressive enough, she has another $400,000 in her Retirement Account and over $50,000 in her MediSave account. Please subscribe or log in to continue […]

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Hosting the Olympics Is a Bad Deal

The DealBook newsletter delves into a single topic or theme every weekend, providing reporting and analysis that offers a better understanding of an important issue in the news. If you don’t already receive the daily newsletter, sign up here. Yesterday’s Olympic opening ceremony was a year behind schedule and took place in a nearly empty stadium, during a state of […]

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Wall Street surges to all-time closing high on earnings, economic revival

NEW YORK (Reuters) – Wall Street gained ground for the fourth straight session on Friday, extending a rally that pushed all three major U.S. stock indexes to record closing highs as upbeat earnings and signs of economic revival fueled investor risk appetite.FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New […]

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Deal to create $22 billion German property giant stumbles

DUESSELDORF (Reuters) -Europe’s biggest real estate takeover could fall through, at least for now, after Germany’s Vonovia warned on Friday that it likely had not secured the backing of enough shareholders in its target Deutsche Wohnen.FILE PHOTO: An office building of the German property group Deutsche Wohnen is pictured in Berlin, Germany June 2, 2020. REUTERS/Fabrizio BenschThe deadline for Deutsche […]

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Investing in art better than money in the bank

Webb’s head of art Charles Ninow cut his teeth by auctioning off mattresses and box lots. Now he auctions off hundreds of thousands of dollars worth of iconic artwork. He talks to Jane Phare about the art of selling, how auction houses have changed and what makes a good investment. The teachers at Auckland’s Rangitoto College ought to have guessed […]

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Marketmind: Lower forever for 'Generation T'?

A look at the day ahead from Julien Ponthus.FILE PHOTO: The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph OrlowskiIt’s now most likely those born in the euro zone in 2011 won’t get to see an interest rate hike until their teens (imagine the FOMO!). Indeed, the European Central Bank said on Thursday it would not […]

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Idea Services fined $552,000 over womans death at Taranaki support home

An intellectual disabilities service provider has been ordered to pay $552,622 over the death of a patient in a Waitara support home. The 63-year-old woman, whose name is now permanently suppressed, drowned when left alone in a bath in October 2016. Idea Services, an arm of IHC, had initially denied the charge of failing its health and safety duties exposing […]

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As Vocus Group sale wraps up, attention turns to NZ arm’s IPO

After a long tech-list drought, the NZX now has two possible IPOs looming as Vocus NZ (whose stable includes Orcon, Slingshot and Sky Broadband) and 2degrees manoeuvre toward possible listings. Vocus NZ parent Vocus Group – whose shares have been suspended since June 25 – will formally delist from the ASX today as the final step in its $A3.5 billion […]

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Covid-19 coronavirus travel bubble: Automated Air NZ message suggests borders about to close to Australia

An automated voice message on the Air New Zealand general inquiries phone line suggests the transtasman travel bubble is already closed. Newstalk ZB political editor Barry Soper reported this morning that his calls into the general inquiries line of the national carrier led to an automated voice message that said quarantine-free travel between the countries had been paused. The automated […]

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