Citigroup profit beats estimates on trading, deals windfall
Citigroup’s quarterly profit beat Wall Street estimates on Tuesday (Jul 15), as its traders brought in a windfall from turbulent markets and investment bankers gained from resilient…
Swedan Margen
I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.
US dollar gains on yen after consumer price data
The US dollar gained against the Japanese yen and was little changed against the euro on Tuesday (Jul 15) in choppy trading, after data showed US consumer price inflation was close to…
Philip Yeo to step down from CDL board
City Developments Ltd (CDL) announced the retirement of Philip Yeo, who notably backed executive chairman Kwek Leng Beng’s bitter boardroom battle against his son, chief executive officer…
At Las Vegas Sands, investment planning takes place over decades, not years or quarters
One could say the number “15” is a rather auspicious one for Marina Bay Sands (MBS) and its parent company, Las Vegas Sands (LVS). By the time MBS completes work on its new ultra-luxury…
Pop Mart says Labubu craze to spur 350% surge in profit
Chinese toymaker Pop Mart International Group expects the soaring global popularity of its Labubu plush toys to drive a threefold increase in first-half revenue and an even bigger…
Geely to take Zeekr unit private at US$6.83 billion valuation
The carmaker, which already holds 62.8% of Zeekr, has raised its buyout offer from US$2.2 billion in May to about US$2.4 billion — Geely…
Trump’s Dwindling Patience With Putin
We welcome Trump’s new realism and hope that it’s enduring. Source link
We Hate Communism
Please help us fight it in all its forms. Source link
The 1619 Project Has Failed. Why Do Academics Still Take It Seriously?
Academic elites set aside their own expertise to promote its political narrative. Source link
Russiagate Revisited: An Unforced Error that Highlights Russia’s Interference in the 2016 Election
It is baffling that Trump officials could think it helpful to the president to revisit this ancient history. Source link
Big Bird Deserves to Lose This Time
The Trump-backed rescissions bill represents the best chance to defund public broadcasting in decades, if not ever. Source link
The Grand Bargain of Desalination
The dream of hyper-abundant water can come true, soon. Source link
Can A.I. Find Cures for Untreatable Diseases—Using Drugs We Already Have?
When David Fajgenbaum was a twenty-five-year-old medical student, at the University of Pennsylvania, he started to feel so tired that he could barely stand. Fajgenbaum, a former college…
Singapore shares rise, tracking regional gains; STI up 0.3%
Straits Times Index rise 10.61 points to 4,119.82, after hitting an intra-day high of 4,129.77 The benchmark Straits Times Index (STI) continued its record-breaking streak for a second day…
Centurion launches premium brand in student housing for its upcoming Reit
Centurion Corporation has unveiled a premium brand for its latest purpose-built student accommodation (PBSA) property in Macquarie Park in Sydney. The rates at facilities in the Epiisod…
Nissan to halt production at Japanese plant at Oppama
Struggling auto giant Nissan said on Tuesday (Jul 15) it will stop production at its plant at Oppama in Japan at the end of its 2027 fiscal year. Nissan posted a net loss of US$4.5 billion…
Beyond missing pets and packages: How Nextdoor plans to reshape its social network
Nextdoor, the once-hot social network for neighborhoods, wants to claw its way back to the top and prove that people can use the platform for more than just finding lost cats. The San…
SMFG said to eye US$1.1 billion additional investment in Yes Bank: sources
The fresh investment would bring the total amount to US$2.7 billion, giving SMFG a roughly 25% stake in Yes Bank Sumitomo Mitsui Financial Group (SMFG) is considering making an…
Temasek’s Heliconia Capital awaits MAS approval for new CEO after departure of Derek Lau
Temasek-owned Heliconia Capital Management is awaiting regulatory approval for a new chief executive, some four months after the retirement of its long-time chief Derek Lau. The…
Far East Hospitality opens two hotels in Osaka
Far East Hospitality announced on Tuesday (Jul 15) the opening of two hotels in the Namba South and Honmachi districts in Osaka, in a bid to expand its presence in Japan. This is in…
Japan's 30-year bond yield hits record high ahead of key election
Japan’s 30-year government bond fell on Tuesday (Jul 15), with the yield hitting a record high, on concerns about the nation’s fiscal health ahead of a closely monitored national election…
Malaysia has not found any evidence yet of illicit chip smuggling, minister says
Malaysia has not yet found any evidence of illicit trade in advanced semiconductors, its trade minister said on Tuesday (Jul 15), adding that authorities were seeking help from the United…
Nvidia to resume H20 AI chip sales to China in US reversal
Nvidia plans to resume sales of its H20 artificial intelligence (AI) chip to China after securing Washington’s assurances that such shipments would get approved, a dramatic reversal from…
Asia: Markets mixed as China’s economy meets forecasts
Markets were mixed on Tuesday as positive Chinese economic data was offset by weak consumer spending, while optimism that governments will hammer out deals to avoid the worst of Donald…