January 20, 2021

Info IEC

Business & Finance Information

Billionaire Elizabeth Holmes, founder and chief executive officer of Theranos Inc., left, and Christian Holmes arrive at a state dinner hosted by U.S. President Barack Obama and U.S. First Lady Michelle Obama in honor of Japan’s Prime Minister Shinzo Abe at the White House in Washington, D.C., U.S., on Tuesday, April 28, 2015.

Andrew Harrer | Bloomberg | Getty Images

Prosecutors are painting a picture of what the public saw: a billionaire entrepreneur who donned designer labels with her black turtlenecks while rubbing shoulders with world leaders.

But like the hall of mirrors at the carnival, according to the government,

Fri, Jan 08, 2021 – 5:56 PM


UPDATED Fri, Jan 08, 2021 – 11:02 PM

O39 has appointed Helen Wong as its new group chief executive officer (CEO) from April 15.

Ms Wong takes over from Samuel Tsien, who will retire after 14 years with the bank, nine of which were as group CEO, said the lender in a statement on Friday. Having significantly built the OCBC franchise into a “much more diversified and resilient” business, Mr Tsien will retire on April 14.

Ms Wong will be the first female CEO of OCBC and also the first woman to

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Elon Musk has overtaken Amazon . com Inc. founder Jeff Bezos as the world’s richest person, driven by a meteoric rise in the value of Tesla Inc., the electric-car maker he runs.

The bragging rights around personal wealth pit two of the tech industry’s biggest rivals in a competition that spans from the roads to outer space. Messrs. Musk and Bezos, both founders of rocket companies, have clashed over issues such as Amazon’s power over book publishing and Mr. Musk’s interest in colonizing the planet Mars. Amazon last year bought a self-driving-car startup that would compete with Tesla.

Mr. Musk’s

Fri, Jan 08, 2021 – 12:33 PM

UOB announced on Friday that it has successfully priced capital securities with a reset coupon rate that references the Singapore Overnight Rate Average Overnight Indexed Swap (Sora-OIS) rate, which is believed to be the first in Singapore.

The bank’s latest issuance is a step forward to promote the adoption of a Sora-based pricing benchmark in the Singdollar bond market, and part of broader industry efforts to develop deep and robust Sora-based cash and derivatives markets.

The reset coupon rate of UOB’s perpetual, non-call five-year additional Tier 1 securities on the first call date

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A flight attendant gathers trash on a flight aboard a Boeing 737 Max from Dallas Fort Worth Airport to Tulsa, Oklahoma, December 2, 2020.

Carlo Allegri | Reuters

The country’s largest flight attendant unions on Wednesday expressed safety concerns over politically motivated disruptions on flights after a pro-Trump mob stormed the Capitol building, demanding that the results of the presidential election be overturned.

The unions’ comments came after at least two on-board disruptions on Washington D.C.-bound flights, including a Delta Air Lines flight carrying Republican Sen. Mitt Romney of Utah, during which some passengers chanted “traitor.” Delta said it

Wed, Jan 06, 2021 – 3:51 PM


UPDATED Wed, Jan 06, 2021 – 4:38 PM

LEADER Environmental Technologies (LET) has called for a trading halt less than an hour after being queried by the Singapore Exchange (SGX) on Wednesday for “unusual price movements”, following a 29.5 per cent surge in its share price.

The China-based investment holding company rose steadily from Wednesday’s open to trade 1.9 Singapore cents or 19.6 per cent higher at 12 cents as at the midday trading break. It then continued its upward trajectory to hit an intraday high of 13 cents at 1.35pm.

In

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WASHINGTON—President Trump signed an executive order Tuesday banning transactions with eight Chinese-connected apps, including the Alipay payment platform owned by Chinese billionaire

Jack Ma’s

Ant Group Co. and apps owned by Chinese tech giant Tencent Holdings Ltd.

Mr. Trump said the apps can access private information from their users. It could be used by the Chinese government to “track the locations of Federal employees and contractors, and build dossiers of personal information,” he added.

The order takes effect in 45 days—after Mr. Trump leaves office. A spokesman for President-elect

Joe Biden’s

transition team declined to comment on the order.