Culture

Shell’s profit drops by almost a third on lower oil prices, but beats expectations
[ad_1] [LONDON] Shell’s second-quarter net profit tumbled by almost a third on Thursday (Jul 31), dragged down by a drop in oil prices, lower gas trading results and outage-related losses...
South-east Asia’s key currencies set to strengthen in H2 2025 despite rate cuts
[ad_1] [SINGAPORE] Investors are expected to favour major South-east Asian currencies, with economists projecting continued gains against the US dollar through the year – even as regional central banks signal...
Pelita Air to start flying between Jakarta, Singapore from Aug 18
[ad_1] The Jakarta-Singapore route is the eighth-busiest international route in the world in 2024[SINGAPORE] Indonesian carrier Pelita Air will be commencing flights between Jakarta and Singapore from Aug 18, indicated...
Rolls-Royce raises profit and cash flow outlook after strong H1
[ad_1] [LONDON] British aero-engineer Rolls-Royce raised its full-year outlook for both operating profit and free cash flow on Thursday (Jul 31) after it navigated supply chain challenges and tariffs to...
China’s cyberspace regulator questions Nvidia over AI chip privacy risks
[ad_1] Published Thu, Jul 31, 2025 · 02:04 PM[BEIJING] China’s cyberspace regulator said that it has asked US semiconductor maker Nvidia to explain whether its H20 artificial intelligence (AI) chips...
Singapore, Asia equities with high yields, growth potential focus of JPMAM’s MAS EQDP fund strategy
[ad_1] [SINGAPORE] JP Morgan Asset Management (JPMAM) intends to focus on small- and mid-cap (SMID) Singapore stocks, as well as high-yielding markets in the Asia-Pacific, to revitalise investor interest in...
StanChart sets US$1.3 billion buyback as first-half profit outstrips forecasts
[ad_1] [HONG KONG/LONDON] Standard Chartered (StanChart) reported on Thursday (Jul 31) a higher-than-expected 26 per cent jump in first-half pretax profit, as a strong performance in the wealth, markets and...
StanChart sets US$1.3 billion buyback as H1 profit outstrips forecasts
[ad_1] [HONG KONG/LONDON] Standard Chartered reported on Thursday (Jul 31) a higher-than-expected 26 per cent jump in first-half pre-tax profit, as a strong performance in the wealth and markets businesses...
Bank of Japan offers cautiously upbeat view, keeps rates steady
[ad_1] [TOKYO] The Bank of Japan kept interest rates steady on Thursday and offered a cautiously optimistic view on the economic outlook, after Tokyo’s trade deal with Washington cleared some uncertainty surrounding its fragile recovery.The...
Asia: Most markets down as Fed holds and Trump announces fresh tariffs
[ad_1] [HONG KONG] Asian markets mostly fell on Thursday while the dollar held most of its gains as traders weighed a cautious Federal Reserve with strong tech earnings and Donald Trump’s...
OpenAI hits US$12 billion in annualised revenue, The Information reports
[ad_1] Published Thu, Jul 31, 2025 · 11:01 AMCHATGPT-MAKER OpenAI roughly doubled its revenue in the first seven months of the year, reaching US$12 billion in annualised revenue, The Information...
Macquarie ‘Millionaires Factory’ put at risk by investor revolt
[ad_1] [SINGAPORE/MELBOURNE] Macquarie Group’s long vaunted money-making machine for top bankers is showing signs of strain.Known as the “Millionaires’ Factory”, the Australian financial giant has for years awarded more generous...