Nikkei ends at two-week high on US tariff relief, chip rally
Japan’s Nikkei ended trade on Thursday (May 29) at the highest point in more than two weeks after a US court blocked President Donald Trump’s tariffs from going into effect, while…
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Culture
Toyota sales hit second monthly record on US demand, tariff rush
Japanese carmakers are heavily reliant on the US auto market and could suffer as much as a US$19 billion impact from the levies Toyota Motor’s sales hit a record for the second…
Aramco CEO will keep borrowing even as oil slump cuts cashflow
Saudi Aramco is targeting more borrowings to finance growth and better leverage its balance sheet, chief executive officer Amin Nasser said, as the world’s biggest oil exporter raised US$5…
Top Thai wind power firm to fund 65 billion baht of spending with IPO
Thailand’s largest wind power producer plans to spend 65 billion baht (S$2.6 billion) to almost triple its generation capacity over the next 12 years, and will go public to fund the…
Australia aims to avoid Panama repeat in China port showdown
Prime Minister Anthony Albanese is confronting a fresh diplomatic dilemma with China: How to fulfil a pledge to regain control of a strategic port without jeopardising improved relations…
California hit with Justice Department probe of transgender athlete policy
The Justice Department has joined the federal investigation into whether California violated federal law by allowing male-born athletes to compete in girls' scholastic sports, raising the…
South Korea central bank cuts rate, slashes 2025 growth forecast
South Korea’s central bank cut interest rates on Thursday (May 29) in a bid to cushion the export-dependent economy from US President Donald Trump’s tariff war, as it almost halved its…
Sembcorp wins solar energy project to supply power in India
Sembcorp Industries’ wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a build-own-operate solar energy storage hybrid project by SJVN, an Indian state-owned power…
AI personal shoppers hunt down bargain buys
Internet giants are diving deeper into e-commerce with digital aides that know shoppers’ likes, let them virtually try clothes on, hunt for deals and even place orders. The rise of virtual…
Gold touches over one-week low after US court blocks Trump’s tariffs
Gold hit a more than one-week low on Thursday (May 29), as the US dollar rallied and risk sentiment improved after a US federal court blocked US President Donald Trump’s “Liberation Day”…
Seatrium posts S$21.3 billion Q1 net orders
Seatrium recorded net order book wins amounting to S$21.3 billion as at end-March, comprising 26 projects with delivery dates till 2031. Of these, nine are scheduled for delivery in 2025,…
CapitaLand Ascendas Reit raises S$500 million from private placement of 202 million shares at S$2.47 each
Proceeds will help fund S$700 million purchase of Tai Seng data centre, Science Park building CapitaLand Ascendas Real Estate Investment Trust (Clar) has raised S$500 million from a…
Stocks to watch: CapitaLand Ascendas Reit, Seatrium, Sembcorp, mm2 Asia, Singapore Paincare
The following companies saw new developments that may affect trading of their securities on Thursday (May 29). CapitaLand Ascendas Reit (CLAR): The company reported that it has raised…
Chevron to cut nearly 800 jobs in Texas
Chevron will lay off nearly 800 employees in Texas, according to a notice on Wednesday to the Texas Workforce Commission, part of the US oil producer’s plan to cut up to 20 per…
Chevron to cut 200 jobs in Texas
— Chevron will lay off 200 employees in Texas, according to figures from the Texas Workforce Commission. The layoffs are part of the US oil…
Elon Musk is leaving the Trump administration after leading effort to slash federal government
Elon Musk said Wednesday that he is leaving his role as a special government employee for the Trump administration, a move that was expected. Source link
Judge blocks Trump from halting 'parole' for some illegal immigrants, military families
A federal judge ruled Wednesday against the Trump administration's attempts to curtail Biden-era "parole" programs that had offered tentative legal status to some illegal immigrants.…
U.S. trade court rules against Trump's 'liberation day' tariffs
The U.S. Court of International Trade ruled Wednesday that President Trump exceeded his authority when he imposed his "Liberation Day" tariffs. Source link
The hidden impact of sunny days on office productivity
The days are getting longer, sunnier, and warmer in the western hemisphere. Those bright summer days have a bigger impact on the workforce and the physical office than you may think. The…
Trump liberally doles out pardons and commutations in clemency spree, signals possibly more to come
President Trump embarked on a pardoning spree Wednesday, granting clemency to nine individuals, including a former congressman and three-term Connecticut governor, and commuted the…
China’s Honor developing humanoid robots in US$10 billion AI plan
The company is building its own agentic AI services that will be integrated into its software for smartphones and other devices R Device, the smartphone maker spun out from…
Why we need to write affordable housing’s next chapter
Over the years, I’ve observed how the approach to housing in the U.S. has shifted. And while affordable housing has faced challenges in how it’s understood and accurately represented,…
Apple to rebrand its device operating systems to mark major overhaul
Apple is planning the most sweeping change yet to its operating system names, part of a software overhaul that extends to all its devices. The next Apple operating systems will be…
Trump tells US chip design software makers to halt China sales: FT
PRESIDENT Donald Trump’s administration has ordered US firms that offer software used to design semiconductors to stop selling their services to Chinese groups, the Financial Times…