Author: Nisha Chawla

OCBC introduced on Tuesday (Feb 27) its plan to arrange a division named Group Strategy, Innovation and Sustainability, below the financial institution’s slate of strikes to solidify its strategic focus and generate future development. The new division shall be headed by Elaine Heng, 48, and presently the chief govt of retail enterprise and deputy group CEO at Singapore’s FairPrice Group. Before her stint with the FairPrice Group, she spent practically 20 years in banking, 15 of them at Standard Chartered Bank. OCBC famous Heng’s strong observe file in spearheading progressive practices and enterprise transformation to drive development in a disruptive…

BITCOIN hit a two-year excessive on Tuesday (Feb 27) on indicators of huge gamers shopping for the cryptocurrency, whereas smaller rival ether topped US$3,200 for the primary time since 2022. Bitcoin has rallied greater than 10 per cent in two classes, helped by a Monday disclosure from crypto investor and software program agency MicroStrategy that it had just lately bought about 3,000 bitcoins for an outlay of US$155 million. The authentic and largest cryptocurrency by market worth has additionally been buoyed just lately by the approval of bitcoin-owning exchange-traded funds (ETFs) within the United States. On Monday, buying and selling…

STANDARD Chartered has suspended new investments by its purchasers in China into offshore merchandise by way of a quota-based channel, the financial institution stated, amid a surge in demand for abroad investments attributable to weak spot within the native market and forex. The London-headquartered financial institution cited “commercial reasons” as its clarification for the suspension of latest investments below the certified home institutional investor (QDII) programme. It didn’t elaborate. StanChart’s transfer comes amid Beijing’s efforts to stem capital outflows as weaker yuan and a slowing economic system have pushed savers to maneuver property offshore. The QDII programme, first launched in…

HER annual bonus was slashed by 60 per cent and her wage was frozen. Family bills are on the rise with two youngsters in class. After a tough 2023, it didn’t take lengthy for Gracie, who works at an funding financial institution in Shenzhen, to provide you with her decision for the Year of the Dragon: touchdown a job simply throughout the border in higher-paying Hong Kong. “I feel lost and I don’t see many ways out,” she stated, asking to be recognized solely by her first identify as a result of sensitivity of the matter. Her greatest fear is…

GOLDMAN Sachs Group and Morgan Stanley are more and more keen to briefly maintain onto among the riskiest elements of recent collateralized mortgage obligations (CLOs), in a bid to win extra market share within the as soon as once more booming enterprise of serving to companies bundle leveraged loans into bonds. The Wall Street banks have in current months been selectively providing to underwrite the so-called fairness parts of CLOs as a part of a push to win offers, in keeping with sources with data of the matter. CLOs bundle leveraged loans into slices of various threat and return. The…

There are many causes Southwest Airlines is well-liked with its loyal buyer base, and it isn’t simply due to the service’s beneficiant carry-on coverage.When flying Southwest  (LUV) , passengers can board its airplanes with one carry-on bag and one private merchandise — reminiscent of purses, backpacks and laptop computer instances — for no cost.Related: Delta, United and American Airlines have a pricing trick few knowThe airline additionally has an open seating coverage that permits vacationers to board in teams and select their very own seats.Another perk Southwest affords is its Companion Pass, which may be earned by amassing qualifying factors.…

DOTTED throughout Hong Kong are small outlets that convert between money and crypto with few questions requested, a modern-day echo of town’s freewheeling previous. Soon, many might shut beneath a looming crackdown. Officials estimate that 450 outlets, automated teller machines and web sites in Hong Kong provide such companies. They are a key slice of over-the-counter or OTC crypto trades, which accounted for the majority of the US$64 billion in digital belongings that flowed by way of town within the 12 months to June, based on Chainalysis. Some crypto outlets are suspected of facilitating banned exercise, as an illustration, Chinese…

BITCOIN rose to the best in additional than two years, climbing above US$54,000, amid rising optimism that persistent investor demand via exchange-traded funds (ETFs) will drive the value of the biggest cryptocurrency again to file ranges. “Bitcoin continues its ascent, supported by strong ETF inflows,” stated Spencer Hallarn, international head of over-the-counter buying and selling at crypto funding agency GSR. The unique digital foreign money elevated as a lot as 5.2 per cent to US$54,438 after buying and selling in a slim vary for greater than every week. It final traded at this stage in December 2021, and reached an…

Another yr has flown by and it looks like tax season is on us but once more! If you are fearful concerning the 2023 tax deadline flying by you this yr, you are not alone. The final day to file taxes for 2023 is true across the nook — let’s be sure to’re prepared!Sure, there’s the one large Tax Day for many filers. But there are additionally loads of different dates when taxes are due for 2023 — significantly for freelancers, impartial contractors, farmers, and so many extra professions. #TaxPros: Check the #IRS Gig Economy Tax Center to seek out suggestions…

As tens of millions of Americans are starting to file their taxes within the midst of tax season, the Federal Trade Commission is cracking down on one of the fashionable tax preparation companies within the nation. The fee has filed a criticism towards tax preparation firm H&R Block for its alleged “deceptive marketing” and for creating an “obstacle course” for purchasers who select to downgrade and use its extra reasonably priced merchandise, in accordance with a press release.Related: FTC calls TurboTax ‘misleading’ and bans a key a part of its promotingThe criticism from the FTC alleges that H&R Block has “cost…