Singapore Airlines Ltd’s long-delayed flight to India may finally be ready for takeoff. As travel resumes and the carrier moves past the record annual loss it was reporting around this time last year, Chief Executive Officer Goh Choon Phong wants to pursue a multi-hub strategy, one in which airlines owned by it will benefit from aviation demand outside of Singapore. ...
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Crypto’s value comes from ‘crypto’s volatility’
One of the most difficult challenges in finance is how to price crypto assets. Bonds pay interest. Stocks pay dividends. What exactly do crypto assets pay? Well, other people value them too, but what does that depend upon? How can crypto valuations be connected to something real? The value of crypto assets comes from a few core uses — ...
Read More »What JPMorgan’s CEO learned from Greenspan
Look past the fracas about Jamie Dimon’s shifting prognosis for the US economy — from cautious optimism a week ago to warning of an imminent “hurricane.†What matters is that a titan of American finance is prepared to say what too few have over recent decades: Domestic conditions can look pretty good, until they’re quickly undercut by adverse events ...
Read More »Facebook’s Sandberg is leaving at a risky moment
Sheryl Sandberg, the chief operating officer of Meta Platforms Inc, is resigning after 14 years of running the company alongside Mark Zuckerberg. It was “time to write the next chapter of my life,†she said in a 1,542-word post on Facebook accompanied by effusive comments from her fellow executives at the company. Her departure had been anticipated for some ...
Read More »Today’s pensions don’t favour Gen Z
Even in 2022, pensions still command an aura of reverence. A benefit where you work for one company for 30 years and then retire with a livable wage? And you don’t have to fret about picking investments? What’s not to like? Although pensions are increasingly rare in the US, they’re not obsolete. About 38% of the private workforce had access ...
Read More »In US, is it a wake-up call for public education?
A recent national analysis contained a deeply disturbing finding that has generated little public discussion when it should be causing an outcry: Nearly 1.3 million students have left public schools since the pandemic began. Most states have seen enrollment declines for two straight years. In New York City, K-12 enrollment has dropped by an astounding 9%. Given that state ...
Read More »Biden’s economic pride gives way to humility
Treasury Secretary Janet Yellen has finally admitted how badly she underestimated the inflationary threat last year. Although President Joe Biden himself continues to insist the economy is better than it looks, even he acknowledges that Americans won’t view the economy more favourably until rising prices are tamed. He’s also offered the crucial concession that the Federal Reserve must be ...
Read More »Is breaking up Russia only way to end its imperialism?
Vladimir Putin’s attack on Ukraine showed the world that a resurgent Russia means, of necessity, an imperialist Russia. And it revived discussions about whether Russia needs to be “decolonised,†or perhaps “defederalised,†to bury its imperialist ambitions and subdue its military threat. A breakup of today’s Russia, similar to the dissolution of the Soviet Union, is seen as a possible, ...
Read More »Prudential’s lesson for HSBC activists
For activist investors, the quick route to big profits is often plotted through demands to break up a company. The idea is simple: The parts would be worth more alone than together. HSBC Holdings Plc is facing such a call right now from its biggest shareholder, Chinese insurer Ping An Insurance Group of China Ltd. The pitch is that its ...
Read More »S’pore landlords don’t fear global economy
Singapore’s small and highly open economy won’t escape the combined weight of the Ukraine war, supply-chain snarls, China’s Covid-19 lockdowns and a pickup in global inflation. But institutional landlords in the Asian city-state have reasons to be optimistic. Even if GDP grows this year at the lower end of the 3% to 5% official forecast, real estate investment trusts ...
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