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Global Economy

Giant ponzi scheme mastermind Bernie Madoff dies at 82

Bernard Madoff, the Manhattan investment adviser who promised stellar returns to his A-list clients and instead defrauded them of more than US$19 billion ($25.49 billion) in history’s largest Ponzi

Company in the news

Chinese hedge fund jumps 258% after dumping Ray Dalio's strategy

Shanghai hedge fund manager Li Bei says she learned quickly that the low-volatility approach to investing behind the rise of Bridgewater Associates was doomed in China for a startup like hers.

Company in the news

Dyson to add 250 more engineers to its Singapore team as part of investment plan

British technology company Dyson Ltd. plans to hire 450 people globally, with more than half the recruits in its headquarters in Singapore.

Broker's Calls

UOBKH downgrades SIA to 'sell' as it is 'less optimistic' of a traffic recovery by 3Q21

UOB Kay Hian analyst K Ajith has downgraded Singapore Airlines (SIA) to “sell” with a lower target price of $4.40 from $4.43 previously.

Broker's Calls

Continue to 'add' Sheng Siong as supermarket sales still in growth mode: CGS-CIMB

CGS-CIMB Research analyst Cezzanne See remains positive on Sheng Siong Group following healthy Singapore supermarket and hypermarket sales reported for the first two months of 2021.

Further upside to Frencken's share price is possible: RHB - THE EDGE SINGAPORE

Broker's Calls

Further upside to Frencken's share price is possible: RHB

RHB Group Research analyst Jarick Seet remains bullish on Frencken Group and believes further upside to its share performance is possible.

MAS maintains Singdollar policy stance in Apr, but raises inflation forecast for 2021 - THE EDGE SINGAPORE

Singapore economy

MAS maintains Singdollar policy stance in Apr, but raises inflation forecast for 2021

The Monetary Authority of Singapore (MAS) has maintained its policy stance – in line with expectations from market watchers – at its half-yearly review on Apr 14.

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