Gold climbs to record high above US$5,300 as US dollar slips
Interest-free gold thrives in low-rate climates as the Fed likely holds rates steady this January — Gold prices rose above US$5,300 per ounce…
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ANZ to combine staff in single location in Singapore office move
The firm joins other banks in the city-state grappling with conflicting goals of trying to reduce office costs Group Holdings plans to bring its Singapore staff together under…
Some in Bank of Japan saw need to watch weak-yen impact on prices in timing rate hike: December minutes
A few Bank of Japan board members said the central bank must be mindful of the impact a weak yen could have on underlying inflation in deciding when to raise interest rates again,…
BlackRock cuts private credit executives hired pre-HPS deal
BlackRock is cutting about 10 people from its private financing solutions group as it continues to integrate its US$12 billion acquisition of HPS Investment Partners. At least…
ST Engineering posts record S$18.7 billion in contract wins for FY2025
Singapore Technologies Engineering’s (ST Engineering) total contract awards for 2025 reached a record S$18.7 billion, exceeding the S$12.6 billion total in 2024 by 49 per cent, the group…
ST Engineering books record S$18.7 billion in contract wins for FY2025
Singapore Technologies Engineering’s (ST Engineering) total contract awards for 2025 reached a record S$18.7 billion, exceeding the S$12.6 billion total in 2024 by about 49 per cent, the…
Pinterest to cut ‘less than 15%’ of staff amid AI push
The company expects to complete the restructuring plan near the end of its third quarter, ending Sep 30, 2026 Pinterest said that it plans to cut “less than 15 per cent” of its…
Amazon is closing its Fresh grocery, Go convenience stores
The moves mark the e-commerce giant’s latest retreat from its brick-and-mortar retail efforts Amazon.com is shuttering its Amazon-branded grocery stores and automated grab-and-go…
Is social media harmful for kids? Meta and YouTube face trial after TikTok settles suit
TikTok agreed to settle the first in a series of closely-watched product liability cases Monday, bowing out on the eve of a landmark trial that could upend how social media giants engage…
S&P, Nasdaq opens higher as earnings roll in
The S&P 500 and the Nasdaq opened higher on Tuesday (Jan 27) as investors parsed a fresh round of mega-cap earnings, while health insurers declined as the Trump administration’s…
American Airlines forecasts upbeat 2026
American Airlines forecast its 2026 profit above Wall Street expectations on Tuesday (Jan 27) even as it flagged a hit of up to US$200 million from a winter storm that has forced…
SoftBank-backed analytics firm Patsnap weighs dual listing in Hong Kong and Singapore
Patsnap, an intellectual-property data provider, is mulling a dual listing in Hong Kong and Singapore, according to people familiar with the matter. The company is considering…
Fed’s first meeting of 2026 likely to be dominated by threats to central bank’s independence
ALL eyes are on what US Federal Reserve chairman Jerome Powell will say and do this week. While he is unlikely to change policy at the end of the central bank’s two-day meeting on…
Sasseur Reit rejects Xi’an mall offer from sponsor, targets South-east Asia for growth
Manager notes proposed acquisition will result in material dilution of DPU and NAV per unit, based on reasonable funding costs assumption Sasseur Real Estate Investment Trust (Sasseur…
Increased AI automation can worsen gender inequality in the workplace: report
Study by non-profit advocacy group finds that young women are the most vulnerable to being displaced by the tech As artificial intelligence (AI) transforms the economy, women – especially…
AI boom risks widening gender gap at work, with Gen Z women most exposed: Apac report
Achieving gender equity requires technology and HR teams to work in tandem, says co-founder of advocacy group As artificial intelligence (AI) transforms the economy, women – especially…
KKR sells Goodpack back to founding Lam family: source
The move comes after the private equity player put Goodpack up for sale in October 2024, based on media reports Reusable bulk container provider Goodpack has switched hands once again,…
Singapore Airlines jet suffers damage to tail during aborted landing at Changi Airport
A Singapore Airlines (SIA) jet damaged its tail while landing at Changi Airport on Jan 24, after arriving from Manila amid windy conditions. All 256 passengers and 16 crew members…
As Newsom slams suppression of anti-Trump content, TikTok blames a technical glitch
California Gov. Gavin Newsom announced he is investigating reports that TikTok is suppressing anti-Trump content days after the platform averted a nationwide ban by finalizing a U.S.…
JD.com’s Jingdong Property files for Hong Kong IPO
Jingdong Property, a Chinese logistics infrastructure manager majority owned by e-commerce major JD.com, has filed for an initial public offering (IPO) in Hong Kong, a regulatory…
Malaysia, Mexico most at risk from Japan carry unwind, HSBC says
Traders are on guard for increased volatility in markets ahead of an election on Feb 8 Bond markets in Malaysia and Mexico are among the most at risk should a further increase in…
Malaysian retailer MR DIY outperforms South-east Asia peers
A major boost for the sector is coming from the government’s cash payout of RM100 to adult citizens, spendable at selected retailers and grocers YSIAN retailer MR DIY Group,…
HSBC to close Raffles Place branch on Feb 28
Holdings will close a key retail branch in Singapore’s financial district and open a wealth centre at the same building, as the lender doubles down on serving affluent…
Shipbuilder Nam Cheong rises 9.3% on US$19.8 million vessel sale
The 11-year-old, 3,000 deadweight tonnage vessel was sold to an Indonesian customer Shares of Nam Cheong rose S$0.10 or 9.3 per cent in intraday trading to hit S$1.18 at 10.13am on Tuesday…