Me and My Money: Turning durian dreams into a fruitful enterprise

SINGAPORE – Dreaming of being a durian seller might not strike most as a desirable business plan but financial consultant Jeremy Chew turned it into a fruitful endeavour – one has no intention of giving up. That dire prospect loomed large last year when the pandemic dealt his firm Royal Durian a near mortal blow but Mr Chew, 31, has […]

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Glencore opens talks with Chad over debt restructuring

LONDON (Reuters) -Glencore and a consortium of banks have started talks with Chad over the restructuring of the country’s more than $1 billion commercial debt, according to a letter from the company to the International Monetary Fund seen on Saturday.FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, […]

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Cybersecurity firm Optiv subleases a third of its downtown HQ

The Optiv building now has a little less Optiv. The Denver-based cybersecurity firm, whose signage adorns the top of the 1144 15th St. office tower, has subleased one of its three floors in the building to PNC Bank. The bank took the 28th floor, which is 24,650 square feet, according to Colliers broker Matt Ball. He and colleague Chris Wiley […]

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U.S. lawmaker blames Boeing leaders for culture that led to crashes

WASHINGTON (Reuters) – A senior U.S. House Democrat who oversaw a massive investigation into the Boeing 737 MAX said on Friday the indictment of a former chief technical pilot should not be the end of the accountability in the two fatal crashes that killed 346 people.Slideshow ( 2 images )“Senior leaders throughout Boeing are responsible for the culture of concealment […]

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U.S. business inventories rise solidly, but auto stocks fall

FILE PHOTO: Automobiles are shown for sale at a car dealership in Carlsbad, California, U.S. May 2, 2016. REUTERS/Mike BlakeWASHINGTON (Reuters) – U.S. business inventory accumulation increased solidly in August, though motor vehicle retailers continued to struggle to restock amid an ongoing global semiconductor shortage, which is forcing automobile manufacturers to cut production. Business inventories rose 0.6% after a similar […]

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Evergrande debt woes are manageable, China central bank official says

SHANGHAI (Reuters) -The spillover effect of China Evergrande Group’s debt problems on the banking system is controllable, a central bank official said on Friday, in rare official comments on a liquidity crisis at China’s No. 2 developer that has roiled global markets.FILE PHOTO: The logo of China Evergrande is seen at outside China Evergrande Centre building in Hong Kong, China […]

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U.S. business inventories rise solidly, but auto stocks fall

FILE PHOTO: Automobiles are shown for sale at a car dealership in Carlsbad, California, U.S. May 2, 2016. REUTERS/Mike BlakeWASHINGTON (Reuters) – U.S. business inventory accumulation increased solidly in August, though motor vehicle retailers continued to struggle to restock amid an ongoing global semiconductor shortage, which is forcing automobile manufacturers to cut production. Business inventories rose 0.6% after a similar […]

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Stocks advance on robust earnings, inflation fears ebb for now

LONDON (Reuters) – Stocks advanced on Friday as strong earnings kicked off a new results season on Wall Street and fears that inflation will trigger earlier-than-expected interest rate rises eased for now.FILE PHOTO: A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London, Britain, October 1, 2008. REUTERS/Toby Melville/File PhotoThe […]

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Goldman Sachs thrives on global dealmaking frenzy to post bumper profit

(Reuters) -Goldman Sachs Group Inc reported a 66% surge in third-quarter earnings that swept past expectations on Friday, as Wall Street’s biggest investment bank rode a record wave of M&A activity that has also boosted profit for other big U.S. banks.FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, […]

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