The per capita difference between Denmark and Singapore is of a mere EUR 270, which brings Singapore within touching distance of the global Top 3 of financial asset (cash, stocks, bank deposits) ownership.
Category: Business
India’s forex reserves surge by USD 12.58 billion, cross USD 700 billion mark
The USD 12.588 billion would be one of the highest weekly rises ever and this is the first time the reserves have crossed the USD 700 billion mark.
Apple to expand business in India, announces 4 more stores
Apple said it will also roll out its first-ever “made in India” iPhone 16 Pro and iPhone 16 Pro Max series devices this month.
Adani Group to supply clean energy for Google’s cloud operations in India
Google powers most of its cloud operations and services through electricity procured from the grid and is planning to run the entire operations on clean energy by 2030.
US-India CEO Forum commits to boosting trade, innovation, and economic growth
The sixth edition of the Forum — a platform that convenes US and Indian business leaders to develop and provide joint recommendations for strengthening bilateral commercial ties and expand trade and investment between the two countries — was held in the US capital on Wednesday.
Meta CEO Mark Zuckerberg is now the fourth-richest man in the world, enters the elite $200 billion club
Meta CEO Mark Zuckerberg is now the fourth-richest man in the world
India tops IPO listing race in 2024: Reports
Both the SME and mainboard IPO segments have contributed to this success, supported by strong demand from local retail investors and institutions, reveals GlobalData, a leading data and analytics company.
Temasek marks 50th anniversary by setting aside SGD 100 million in Concessional Capital for Climate Action
Temasek said in a media release: “The battle for net zero will be won or lost in Asia, which hosts more than half of the world’s population and contributes more than half of global carbon emissions. Yet the region faces unique structural constraints and challenges that hinder the pace of progress.”
Led by tech stocks, Dow Jones jumps 500 points, S&P 500 hits record high after US Fed rate cuts
Meanwhile, the S&P 500 climbed 1.7 percent, closing above 5,700 for the first time in its history.
In first reduction since 2020, US Fed cuts interest rates by 50 bps
Additionally, the Fed signaled plans for another half-point reduction before the year’s end, with a further one percentage point decrease expected in 2025.
