Culture
Stoneweg Icona data centre fund rebranded to AiOnX; adds fifth asset in UK
[ad_1] [SINGAPORE] The trustee-manager of Stoneweg European Business Trust announced on Wednesday (Jul 2) that SWI Group, the sponsor of Stoneweg Europe Stapled Trust (Sert), has added a fifth data...
Alibaba offers 50 billion yuan of subsidies to defend turf in China
[ad_1] The world’s second-largest economy’s e-commerce leader is facing growing challenges from up-and-comers such as PDD HoldingsPublished Wed, Jul 2, 2025 · 02:14 PM[TAIPEI] Alibaba Group Holding is offering 50...
Major Chinese ports keep Iranian oil flowing despite sanctions
[ad_1] [SINGAPORE] Some of China’s largest ports have received Iranian crude this year, supporting a multi-billion oil trade and highlighting a significant gap in US efforts to curb funds for...
MMC Port moves closer to launching Malaysia’s biggest IPO in 13 years
[ad_1] The port operator will not receive any proceeds from the initial public offering, but it is upbeat about its financial strengthPublished Wed, Jul 2, 2025 · 12:15 PM[SINGAPORE] Port...
Asia: Markets mixed as trade deal cut-off looms
[ad_1] [HONG KONG] Asian markets swung on Wednesday amid trade war worries after Donald Trump said he would not push back next week’s tariff deadline, with Tokyo taking a hit...
Singapore’s STI hits new high as investors flock to safe havens amid global risks
[ad_1] [SINGAPORE] The Straits Times Index (STI) notched a new high of 4,011.78 on Wednesday (Jul 2) as Singapore draws a rush of investors seeking safe havens from geopolitical risks.It...
Alibaba expands AI cloud services in Malaysia, Philippines
[ad_1] The company will accelerate the buildout of its global cloud network in China, Japan, South Korea, South-east Asia, the Middle East, Europe and Americas over the next three years,...
Yangzijiang Financial rises over 6% after update on maritime subsidiary incorporation
[ad_1] [SINGAPORE] Shares of Yangzijiang (YZJ) Financial rose by over 6 per cent on Wednesday (Jul 2) morning, following an update by the group on its incorporation of YZJ Maritime...
Del Monte Foods files for bankruptcy; SGX-listed parent has over US$700 million exposure to US unit
[ad_1] [SINGAPORE] Del Monte Pacific (DMP) is expected to take a body blow from the failure of its US unit, as the latter accounts for a big chunk of its...
Toyota delays EV plans to boost petrol-fuelled SUV output
[ad_1] [DETROIT] Toyota Motor is tapping the brakes on plans to build electric vehicles (EVs) in the US to free up manufacturing capacity for a popular petrol-powered SUV.The Japanese automaker...
