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AdvertisementI first went to law school in Mexico, where people were more open to friendships. However, the top three global financial hubs (New York, London, and Singapore) belong to common law countries. The US has a common law system, meaning that laws come from uncodified case law resulting from court decisions. Law schools in Mexico take a more theoretical approach, while law schools in the US focus on the practical side. In my case, both law schools made sure we acknowledged this in order to understand how useful we can be.
Persons: Organizations: Columbia, Universidad Iberoamericana, Columbia University, US, Law Locations: Mexico, Europe, Asia, South America, Africa, New York, London, Singapore
Bloomberg | Bloomberg | Getty ImagesDonald Trump's U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. Trump's return to the White House is seen as likely to throw a wrench in the Federal Reserve's rate-cutting cycle, potentially keeping an upward bias on Treasury yields. Bond yields tend to rise when market participants expect higher prices or a growing budget deficit. "Trump's election advances both possibilities as a trade war and increased fiscal spending work at cross purposes," he added. Germany's 10-year bond yield, the benchmark for the euro zone, stood at 2.337% on Wednesday, marginally lower for the session.
Persons: Donald Trump, Donald Trump's, Alim Remtulla, Remtulla, Kamala Harris, there's, Trump, There's, Shannon Kirwin, Kirwin, Sameer Goel, CNBC's, doesn't, Goel, MUFG Organizations: Bloomberg, Getty, EFG, Fed, CNBC, Treasury, Democratic, New York Stock Exchange, China News Service, Morningstar, European Union, Deutsche Bank, Trump, U.S, U.S ., Singapore, Malaysian, South Korean, ING Locations: Greensboro , North Carolina, Europe, United States, New York City, U.S, Mexico, Asia, China
Donald Trump's proposed tariffs will dent U.S. economic growth going into 2026, said Morgan Stanley's chief global economist Seth Carpenter. In the event that they are enacted all at once, they could result in a "big negative shock" to the economy, Carpenter told CNBC's Sri Jegarajah on the sidelines of Morgan Stanley's annual Asia Pacific Summit in Singapore. Carpenter, who maintained Morgan Stanley's base case of these tariffs being spread over 2025, said they would lead to higher inflation. "Then into 2026, we think growth starts to come down a great deal in the U.S. because of those tariffs and some of the other policies," he cautioned. Very clear, tariffs are a drag on growth for the U.S., not just for the countries that the tariffs are put on," Carpenter added.
Persons: Donald Trump's, Morgan Stanley's, Seth Carpenter, Trump, Carpenter, CNBC's Sri, Morgan, Mark Malek, Siebert, Joe Biden, Trump's, Malek, Ben Emons Organizations: Asia Pacific Summit, Microsoft, Apple, U.S . Federal Reserve, FedWatch Advisors Locations: China, CNBC's Sri Jegarajah, Morgan Stanley's, Singapore, U.S
Autonomous driving technology company WeRide has plenty of room to grow as a result of its early-mover advantage in the global self-driving market, according to Morgan Stanley, which brought the firm public in an IPO last month at $15.50 a share . Morgan Stanley estimates the global autonomous driving market size will jump to $1.745 trillion in 2030 from $93 billion in 2025. "WeRide is a pure play in global L4+ autonomous driving," Hsiao wrote in a 38-page report on Tuesday note. Level 4 autonomous driving describes when a vehicle can drive in most circumstances without a human driver, one step below the top-most Level 5 designation for a fully automated vehicle . To be sure, the threat of tighter regulation on driverless vehicles is a downside risk for the stock, and Morgan Stanley forecasts WeRide's earnings and cash flow will remain "volatile" in the near term, Hsiao noted.
Persons: Morgan Stanley, Tim Hsiao, WeRide, Uber, Hsiao, — CNBC's Michael Bloom Organizations: WeRide Locations: Guangzhou, China, U.S, UAE, Singapore
AdvertisementA $20 million six-bedroom seaside mansion sold in Puerto Rico this month. The 14,000-square-foot home is the most expensive property sold in Puerto Rico this year. A sprawling six-bedroom mansion has become the most expensive property sold in Puerto Rico this year. Blanca Hebe Lopez Pierluisi, boss of Corcoran Puerto Rico, the real estate agency that represented the buyer of the $20 million mansion, told Business Insider via email that Puerto Rico has "seen an incredible boom in real estate during these last five years as well as numerous new development projects that speak to the healthy demand across the island." "This record-breaking sale is a strong indicator that the real estate market in Puerto Rico is thriving and resilient," she added.
Persons: It's, Shou Zi Chew, , Mainlanders, Blanca Hebe Lopez Pierluisi, Corcoran Organizations: Ritz Carlton Reserve, Puerto Rico —, Reuters, Puerto Locations: Puerto Rico, Dorado, San Juan, Singapore, Puerto, Corcoran Puerto Rico
AdvertisementWe let Costco handle Thanksgiving dinner by ordering a premade meal from the warehouse chain's site. Our delicious dinner required little work to reheat, giving us more time to spend with family. I love the holiday season and all the delicious food it brings — so much so that I've even cooked an entire Thanksgiving from Ina Garten recipes. The $230 Thanksgiving dinner, provided by food distribution company Fortune Fish and Gourmet, was $50 off for Costco members when I preordered, making it just $180. AdvertisementHere's what it was like to let Costco handle our early Thanksgiving dinner, which we planned for when my mother-in-law would be in town.
Persons: Ina Garten, I Organizations: Costco, Singapore Airlines, Fish Locations: Turkey
AdvertisementAshley Tan got a job at JP Morgan in Singapore after graduating from university. This as-told-to essay is based on a conversation with Ashley Tan, 29, who quit her job at JP Morgan Singapore to travel. After graduating from university, I went straight to work and took a role at JP Morgan for the company name. I joined JP Morgan because of it's prestigeI was hired by JP Morgan in December 2022 as an events and marketing analyst. It was scary, but I officially quit JP Morgan in March because I knew I'd regret it if I didn't take the risk.
Persons: Ashley Tan, Tan, It's, I've, JP Morgan, Morgan, I'd, it's, it'll, I'm, what's, you've, Tess Martinelli Organizations: Morgan, JP Morgan, JP, Singapore Locations: Singapore, JP Morgan Singapore, Bali, Europe, Australia, tmartinelli
SINGAPORE — Chinese tech giant Tencent is increasingly leveraging its WeChat super-app ecosystem to set itself apart from dominant global cloud service players, Tencent Cloud CEO Dowson Tong said. Super app platforms are often developed using cloud infrastructure to provide scalability, reliability, and efficient resource management. For example, Cambodia's Canadia Bank partnered with Tencent Cloud to launch a new mobile banking app in 2023. For instance, Amazon specializes in e-commerce, cloud services, and streaming, but does not have a single app integrating these services. Similarly, Microsoft offers enterprise solutions such as Office 365 and gaming, but lacks a comprehensive consumer-facing super app.
Persons: Dowson Tong, Tong Organizations: Tencent, CNBC, Singapore Fintech, Microsoft, Web Services, Google, Synergy Research, Cambodia's Canadia Bank, Amazon Locations: WeChat, China, SINGAPORE, Singapore
Sim left banking in 2017 and is now a published author, professional speaker, and career coach. This as-told-to essay is based on a conversation with Eric Sim, 54, a former banker turned professional speaker and executive coach. When I picked banking as a career, I had very little idea of what the job would actually involve. I can play the game, but I don't enjoy the gameSim left UBS in 2017 and is now a professional speaker and executive coach. Through my work as a speaker and lecturer, I have been able to share my know-how in banking and career planning with more people.
Persons: Eric Sim, Sim, I'd, Goldman Sachs, Morgan Stanley —, I've, I'm Organizations: DBS Bank, DBS, Lancaster University, Standard Chartered, Citibank, UBS, Banking Locations: Singapore, London, Shanghai, Hong Kong, secondments, China, Asia
Accelerating earnings growth should drive shares of Futu Holdings higher, according to Morgan Stanley. The investment bank upgraded the fintech stock to overweight from equal weight and raised its price target by $45 to $115. Specifically, the analyst pointed to substantial client asset growth in the company's third-quarter results, forecasting a year-over-year increase of 38%. Beyond that, Huang expects earnings to see year-over-year growth of 19% in both 2025 and 2026 overall. FUTU YTD mountain FUTU, year-to-date Shares rose more than 2% in the premarket on Monday following the call.
Persons: Morgan Stanley, It's, Chiyao Huang, Huang Organizations: Futu Holdings Locations: Singapore, Japan
Google AI specialist Yann AïtBachir suggests building a strong foundation in technical skills. This as-told-to essay is based on a conversation with Yann AïtBachir, an AI specialist at Google based in Singapore. Just under two months ago, I started working as an AI specialist at Google. AdvertisementCome in with strong technical skillsWhile I studied AI 20 years ago, the fundamentals haven't really changed. You need to specialize in one area of AI because it's quite a wide scope with generative AI, predictive AI, and natural language.
Persons: Yann AïtBachir Organizations: Big, Google, Big Tech Locations: Big Tech, Singapore
Editor’s note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Launch of the Airbus A321XLRIt’s slim, it’s sleek, it has a third fuel tank, and it’s ready to open up unexplored long-haul routes. Iberia’s 182-seat plane is the world’s longest-range single-aisle commercial aircraft, with a range of up to 4,700 nautical miles (a little over 5,400 miles). In Italy, the historic city of Florence is banning key boxes used by short-term rental landlords and loudspeakers used by tour guides. The planes used for the world’s longest nonstop commercial flights – between Singapore and New York – are getting a makeover.
Persons: Miquel Ros, Joanna McIsaac, Ed Kierklo, , Donald Trump Organizations: CNN, Airbus, Spain’s, Irish, Aer Lingus, Aviation, Singapore Airlines, Trump Locations: overtourism, Florence, California, France, Spain’s Iberia, Madrid, Boston, New York, Istanbul, Dublin, Ireland, Nashville, Indianapolis, Iberia, Italy, Venice, Lisbon, Indonesian, Bali, Europe, Singapore, CNN California, Afghanistan, Paris, Japan
Jeremy Ng and Amanda Misso bought the first floor of a 1950s house in Singapore for about $1.34 million. AdvertisementJeremy Ng and Amanda Misso bought their house in Singapore in 2022. Amanda Goh/Business Insider"Sometimes, when you go to viewings, every other condo looks the same. Amanda Goh/Business InsiderAbout a fifth of the country's resident population lives in private housing, which includes condominiums and landed property. Amanda Goh/Business InsiderAs much as they love their house, there's just one tiny thing they wish they'd changed about the place.
Persons: Jeremy Ng, Amanda Misso, , Joo Chiat, Amanda Goh, Misso, Ng, Jill, they're, Amanda, there's, they'd, you've Organizations: Service, Singapore —, Zurich —, Housing, Urban Land Institute Asia Pacific Centre for Housing Locations: Singapore, Geylang
Bookings for Disney's first cruise in Asia open on Dec. 10, 2024, about a year ahead of the ship's maiden voyage, which is scheduled to depart Singapore in December 2025. Rates for a three-night cruise for two adults jump to $1,318 for an ocean-view room, and $1,438 for a room with a private verandah. The highest room category, a "Concierge" stateroom, which comes with extra services, is priced at $3,298 for two adults, according to the company's website. However, rates for kids or additional adults in the same room are significantly lower, according to the company's website. All in, a family of four who books a four-night journey in an ocean-view room can expect to pay about $2,876.
Organizations: Disney Locations: Asia, Singapore
The Labubu and Pop Mart phenomenonLabubu dolls at the opening of a Pop Mart store in Bangkok. AdvertisementIn a statement to BI, a representative from Pop Mart said that Labubu has gained a strong global fan base. Advertisement"There's a bit of a 'FOMO' feeling," said Sim, 31, who owns around six Labubu toys. She has around 17 Labubu toys and said she spent over $10,000 on them. Once, she even camped outside a Pop Mart store for the latest drop.
Persons: , Grace Lee, Lee, , Joey Khong, Khong, Bangkok . Sun Weitong, Lung, it's restocked, Tony Lee, Mart doesn't, Taobao, Erin Liam, Lisa, Juda, Kanaprach, Gen Zers, They're, Labubu, It's, Sim Pei Yi, Sim, Ana Gonzales, she's, Gonzales, Tracy Hsu, Lisa —, Hsu Organizations: Service, Getty, Business, Pop, Pop Mart, Daxue Consulting, Southeast, Insight, Singapore, Mart Locations: Asia, Bangkok . Sun, Xinhua, Hong Kong, Beijing, Singapore, Pop, Southeast Asia, Japan, South Korea, China, Philippines, New Jersey, California, Canada
The top 10 family offices for startup investments
  + stars: | 2024-11-15 | by ( Robert Frank | ) www.cnbc.com   time to read: +4 min
The top 10 family offices for startup investments made over 150 investments combined this year, in everything from biotech and energy to crypto and artificial intelligence, according to a new analysis. CNBC partnered with Fintrx, the private wealth intelligence platform, to analyze single family offices that made the largest number of investments in private startups in 2024. The most active family office so far this year is Maelstrom, the Hong Kong-based family office of American investor Arthur Hayes, who co-founded the crypto exchange BitMEX. For the sake of the list, family offices are defined as investment vehicles or holding companies of a single family or individual that don't manage money for outside investors. Nearly a third of startup capital in 2022 came from family offices, according to a PWC report.
Persons: Guillaume Houze, Pascal Le Segretain, Robert Frank, Bernard Arnault's, Laurene Powell Jobs, Peter Thiel's Thiel, Arthur Hayes, Guillaume Houzé, Motier, Andreesen Horowitz, Eric Schmidt, Magnus Carlsen, Fertility Organizations: Royal, Getty, CNBC, Fintrx, Ventures, Labs, Motier Ventures, Google, Flex, Mistral, Nvidia, Lightspeed, Atinum Investment, Emerson Collective . Thiel Capital Locations: Paris, France, Hong Kong, Lafayette, Seoul, Korea, Singapore
Finding ways to attract consumers to buy packaged goods stretches back to the 1920s when American psychologist Daniel Starch created the world's first market research study. Founded in Singapore in 2018, the startup provides AI-powered market research with real-time predictive analytics. Rival firms include ZoomInfo Sales, Trajaan and Brandwatch Consumer Intelligence, all of which deploy a variety of technology to comb through consumer data and marketing trends. Somsubhra Gan Choudhuri, co-founder and CEO Ai Palette, said AI can take up much of the brain power usually done by people. Along with VC investors, Ai Palette has had the backing of the Singapore government, which is committing more than three quarters of a billion Singaporean dollars ($7,500,000) to AI development to strengthen its AI ecosystem.
Persons: Daniel, Ai, Gan Choudhuri, CNBC's, Choudhuri, Kellogg, Conor Delahunty, Vishal Harnal Organizations: ZoomInfo, Brandwatch Consumer Intelligence, CNBC Tech, Diageo, Nestlé, Pepsico, Symrise, Global, Venture Locations: Singapore, Thailand, Indonesia, Malaysia, Philippines
China, perhaps more than most countries, will be bracing for fractious relations ahead with the United States. “It makes sense for Chinese officials to use these big events to try and shape some of the international narratives right now,” said Li Mingjiang, an associate professor of international relations at Singapore’s Nanyang Technological University. “Since there’s not much time before January 2025.”Cargo containers and cranes at Yantian port in southern China's Shenzhen earlier this year. The Chinese leader warned that the two countries “will both benefit from cooperation and lose from confrontation,” according to China’s Foreign Ministry. “Beijing does worry about Trump’s wrath and what he could do to damage China’s interest on a bilateral level,” she said.
Persons: Donald Trump’s, Xi Jinping, Trump, Joe Biden, Xi, Biden, Shigeru Ishiba, Anthony Albanese, Narendra Modi, , Li Mingjiang, there’s, Jade Gao, Mike Waltz, Marco Rubio, He’s, , Liu Dongshu, Modi, Li Qiang, Leon Neal, ’ ”, Yun Sun, Vladimir Putin, Liu Organizations: Hong Kong CNN, APEC, Japanese, Australian, Indian, Singapore’s Nanyang Technological University, , , Getty, Trump, CNN, Foreign Ministry, NATO, US, City University of Hong, Stimson, World Health Organization, Initiative Locations: China, Hong Kong, South America, Europe, East, United States, Beijing, Asia, Pacific, Peru, Brazil, American, China's Shenzhen, AFP, Lima . Beijing, Russia, City University of Hong Kong, Japan, South Korea, Indonesia, Lima, Rio de Janeiro, Washington, South, Taiwan, Ukraine, Paris, America, , Sun, “ Beijing
Jeffrey Tiong, founder and CEO of PatSnap. Courtesy of Jeffrey Tiong. Just ask Jeffrey Tiong. "Let me put it this way: For the last 17 years, building the business, there have been many dark times [and] low times. Courtesy of Jeffrey Tiong.
Persons: Jeffrey Tiong, Tiong Organizations: PatSnap, CNBC, National University of Singapore, The Wharton School, Patsnap Locations: Singapore, Patsnap, East Malaysia, Kota Kinabalu, U.S, Philadelphia, Europe, Asia
HONG KONG — Hong Kong’s top leader on Tuesday warned President-elect Donald Trump not to interfere in the Chinese territory’s internal affairs after he said he would “100%” free the imprisoned pro-democracy activist and tycoon Jimmy Lai. He said Hong Kong, whose government denies that judicial independence is under threat, also valued the rule of law. “In these respects, I hope that all countries will respect the Hong Kong Special Administrative Region and avoid political interference that could affect the judiciary and normal commercial activities in Hong Kong,” he said. Hong Kong also enacted its own national security legislation in March. Pro-democracy activist Jimmy Lai being escorted out of court in Hong Kong in 2021.
Persons: Hong Kong’s, Donald Trump, Jimmy Lai, Lai, Hong, Trump, Hugh Hewitt, I’ll, Lee, , , Hong Kong, . Lai, John Burns, ” Burns, ” Lai, Burns, Sen, Marco Rubio, ” Lee Organizations: Apple, Hong, Administrative, AFP, Getty, University of Hong, NBC News, , Trump, Republican, Fraser Institute Locations: HONG KONG, Hong, China, Hong Kong, United States, U.S, Beijing, British, ., University of Hong Kong, ” Hong Kong, Washington , New York, San Francisco, Vancouver, Singapore
The Pentagon’s latest public report on China’s military modernization, released in October 2023, noted a naval version of the Z-20 was under development. The exhibition showcases the latest in Chinese military aviation, some seen for the first time in public. He said he expected the Z-20 to soon become the standard naval and anti-submarine helicopter, given its ability to land on ships ranging from corvettes and destroyers to aircraft carriers. Tuesday’s display followed state media reports in May that the Z-20 now had an assault capability and that anti-submarine versions were being developed. In its latest annual assessment of international military deployments, the London-based International Institute for Strategic Studies notes that China has fielded 15 Z-20 helicopters for search and rescue work.
Persons: Hector Retamal, Navy’s, Collin Koh, , Koh, Lockheed Martin, Organizations: U.S . UH, Pentagon, People’s Liberation Army, Getty, PLAN, Rajaratnam, of International Studies, Professional Journal, U.S, Sikorsky Aircraft, Lockheed, Institute for Strategic Studies Locations: HONG KONG, Zhuhai, China, AFP, Singapore, Beijing, Taiwan, London
HONG KONG — Businesses and consumers in China found the annual Singles’ Day shopping festival less attractive this year due to a sluggish economy, forcing e-commerce firms to look abroad for growth. While Singles’ Day was previously a one-day event, shopping platforms in China now kickstart the festival weeks ahead to drum up sales volume. But amid China’s lagging domestic economy, dragged down by a real estate crisis and deflationary pressures, consumers no longer go all out during the shopping extravaganza. Wang said that the prices offered on e-commerce platforms during Singles’ Day are not necessarily cheaper than usual. “I used to buy a lot two or three years ago and I even purchased a mobile phone (during Singles’ Day),” he said.
Persons: Alibaba, , , , Wang Haihua, Wang, we’ve, Zhang Jiewei, ” Zhang, Shaun Rein, ” Rein, Gucci, Jacob Cooke, ” Cooke Organizations: HONG KONG —, China Market Research Group Locations: HONG KONG, China, Singapore, Hong Kong, Beijing, Xi’an, Shanghai,
Apple wants to help airlines find your lost luggage
  + stars: | 2024-11-12 | by ( John Towfighi | ) edition.cnn.com   time to read: +4 min
A walk to customer service takes place soon after. Now, Apple wants to help you find your lost luggage. Apple is unveiling a new feature where users will be able to share an Air Tag’s location with third parties, like airlines. The new Apple feature is available worldwide in beta and is part of the iOS 18.2 software update, which is expected to be released in December. Since being introduced in 2021, the Apple Air Tag product has helped people keep track of their belongings, from wallets to keys.
Persons: CNN — It’s, SITA, Apple, Apple David Kinzelman, ” Kinzelman, , Eddy, Apple’s Organizations: CNN, Apple, Passengers, AirTag, , United, Services, Aer Lingus, Air, Air New Zealand, Austrian Airlines, British Airways, Brussels Airlines, Delta Air Lines, KLM Royal Dutch Airlines, Lufthansa, Qantas, Singapore Airlines, Swiss International Airlines, Turkish Airlines, Virgin Atlantic Locations: Delta, Air Canada, Eurowings, Iberia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRegulation is necessary and inevitable for crypto assets: Singapore Gulf BankAureole Foong, Co-CEO of Singapore Gulf Bank discusses the outlook for crypto post-U.S. elections and the importance of regulatory framework when dealing with digital assets.
Organizations: Singapore Gulf Bank, Foong Locations: Singapore
The package could include 60 F-35 fighter jets and 400 Patriot missiles, the FT reported. According to the Financial Times, the package could include 60 F-35 fighter jets, four Advanced Hawkeyes, 10 retired warships, and 400 Patriot missiles. "Taiwan is thinking about a package to show that they are serious," one former Trump administration official told the Financial Times. Blandin added that it's highly unlikely the US would send troops to defend Taiwan in the event of a Chinese attack. AdvertisementIn 2022, Biden vowed to defend Taiwan in case of a Chinese attack.
Persons: Donald Trump, , Trump, Benjamin Blandin, Blandin, Sari Arho Havrén, Biden, Karoline Leavitt Organizations: Patriot, Service, Financial Times, Hawkeyes, Lockheed, Aegis, Business, Reuters, Institute for Economics, Peace, Bloomberg, Yokosuka Council, Pacific Studies, Trump, Taiwan, Royal United Services Institute, Air Missile Systems, White, British Locations: Taiwan, China, United States, Yokosuka, Asia, Singapore, Philippines, London, Taipei
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