Culture
Meta to share AI infrastructure costs via US$2 billion asset sale
[ad_1] [NEW YORK] Meta Platforms is pressing ahead with efforts to bring in outside partners to help fund the massive infrastructure needed to power artificial intelligence (AI), disclosing plans in...
Oil falls US$2 a barrel on worries about Opec+ supply, US jobs data
[ad_1] [HOUSTON] Oil prices US$2 a barrel on Friday (Aug 1) because of jitters about a possible increase in production by Organization of the Petroleum Exporting Countries (Opec) and its...
Europe: Shares log biggest daily drop since April after US tariffs hike
[ad_1] [BENGALURU] European stocks logged their biggest one-day drop in over three months on Friday (Aug 1), at the end of a busy week as investors grappled with the repercussions...
US: Wall St sell-off sparked by Trump tariffs, Amazon results, weak payrolls
[ad_1] [NEW YORK] Wall Street’s main indexes declined sharply on Friday (Aug 1) as new US tariffs on dozens of trading partners and Amazon’s unimpressive earnings weighed on sentiment, while...
ExxonMobil reports 23.4% drop in profits on lower crude prices
[ad_1] Published Fri, Aug 1, 2025 · 08:33 PM[NEW YORK] ExxonMobil reported a drop in second-quarter profits on Friday (Aug 1) as the hit from lower crude prices more than...
Tai Sin Electric to acquire 25% stake in charging station contractor
[ad_1] Its subsidiary Lim Kim Hai Electric has subscribed for 333,333 new ordinary shares of EV Mobility for S$1.5 million[SINGAPORE] Power distribution solutions provider Tai Sin Electric has entered into...
UOB trims One Account interest rate again; maximum 2.5% per annum on first S$150,000
[ad_1] [SINGAPORE] UOB is cutting interest rates on its flagship savings account, the One Account, for the second time in 2025.
With effect from Sep 1, the maximum effective interest rate...
Singapore shares on longest losing streak since April; STI falls 0.5%
[ad_1] [SINGAPORE] Local stocks fell for the sixth consecutive session on Friday (Aug 1), notching their longest losing streak since Apr 9, as most markets in Asia closed lower following...
OCBC warns of greater challenges in H2 as ‘chain reaction’ from US tariffs unfolds
[ad_1] [SINGAPORE] While OCBC posted “stronger than anticipated” results in the first half of 2025, the lender will likely face more challenges in the second half, said group chief executive...
OCBC trims full-year NIM guidance; Q2 profit slips 7% to S$1.82 billion
[ad_1] [SINGAPORE] OCBC has lowered its target net interest margin (NIM) for FY2025 to a range of 1.9 to 1.95 per cent, down five to 10 basis points (bps) from...
