News

Ringgit slides over renewed 1MDB concerns, falls to 2.94 to the Singdollar

The ringgit came under further pressure from renewed concerns over 1Malaysia Development Berhad. -Reuters

Yahoo to announce job cuts: Report

Yahoo chief executive Marissa Mayer will lay out a cost-cutting plan that includes chopping 15 per cent of the work force, an estimate 1,600 positions, the Journal said citing unnamed people close to the matter. -AFP

Singapore the 5th top career destination for expats: HSBC survey

Singapore was the top overall Asian country in the rankings, with 62 per cent of expats here saying earnings prospects are better than at home. -CNBC

China Ponzi scheme: Company's president was given $28m Singapore villa

Ding Ning, president of Ezubao's parent company Yucheng Group, splashed investors' money on a lavish lifestyle, including giving the Yucheng's president Zhang Min a $28-million Singapore villa. -AFP

Asian markets extend rout as volatility returns

Asian stock markets took another battering Wednesday, with Tokyo leading a day of sharp losses as investors grow increasingly concerned about the world economy and the possibility of a global recession. -The Straits Times

POSB's pop-up ATMs to accept cash in pilot run

Some of POSB's pop-up automated teller machines (ATMs) will be changed to cash acceptance machines (CAMs) in a pilot run from February 11 to 22. -AsiaOne

Google's CEO got $278 million in stock this month

Google's boss is having a good month. -CNBC

Beyond the gold watch: Retirement has transformed

New findings in the retirement scene. - CNBC

4 basic things to know about credit card debt

How many credit card holders in Singapore carry a debt? Well, data from the Singapore Credit Bureau revealed that 1 out of 5 credit card users in Singapore in 2014 only paid the minimum sum on their credit cards. -Get.com

Big US banks eyeing more cost cuts amid global growth concerns

Goldman Sachs and other US banks are looking at ways to slash expenses further this year as market turmoil, declining oil prices and concerns about Germany's Deutsche Bank have sent the sector's shares down sharply. -Reuters

Former Aussie coal billionaire and Singapore resident Nathan Tinkler declared bankrupt

Former Australian coal baron Nathan Tinkler on Wednesday (Feb 10) resigned as managing director of Anglo Pacific Coal Ltd after losing a legal battle over money he owed from the sale of a luxury jet and being declared bankrupt. -Reuters

Jitters over looming job cuts in banking

High operating costs harder to justify amid market headwinds. -ST

Asian markets extend rout as volatility returns

As more bourses reopened after the Lunar New Year break, they immediately plunged into the red, playing catch-up with a rout that has seen billions wiped off valuations. -Reuters

HSBC money laundering report's release likely delayed: US judge

A US judge would likely delay the release of a report until a federal appeals court could weigh in. -Reuters

Support for SMEs will continue: Iswaran

The Committee on the Future Economy, of which Mr Iswaran is deputy chairman, will consult closely with the business community to chart the longer-term course for Singapore's growth. -ST

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