Singapore’s snowballing cash levels are boosting local bonds
The recent build-up of cash in Singapore’s money market is strengthening demand for the nation’s bonds, driving returns to near the highest in the region. The cost of borrowing in the…
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Fashion
Federal Reserve officials, worried about jobs, muse on rate-cut prospects
SEVERAL Federal Reserve officials who spoke on Wednesday said labour market worries continue to animate their belief that rate cuts still lie ahead for the central bank. “I’ve been clear…
Apple plans AI-powered web search tool for Siri to rival OpenAI, Perplexity
Apple is planning to launch its own artificial intelligence (AI)-powered web search tool next year, stepping up competition with OpenAI and Perplexity AI. The company is working on a new…
Salesforce projects weak sales growth, fuelling AI anxiety
Salesforce projected lacklustre quarterly sales growth, suggesting its artificial intelligence (AI) product is not yet paying off as quickly as hoped amid competition from emerging AI…
Europe: Shares close higher as bond selloff cools
EUROPEAN shares ended higher on Wednesday, stabilising as investors assessed fiscal challenges after a selloff in longer-dated bonds had sparked risk-off sentiment in the previous session.…
Alphabet's stock climbs after judge rules Google won't be forced to sell Chrome
When a federal judge deemed Google a “monopolist” last year, questions lingered about how he would help restore competition in online search. On Tuesday, U.S. District Court Judge Amit…
mm2 Asia says voluntary liquidation of Cathay Cineplexes unlikely to affect operations
Entertainment company mm2 Asia on Wednesday (Sep 3) said the voluntary liquidation of Cathay Cineplexes is not expected to adversely impact its core businesses or continuing operations.…
US: S&P 500, Nasdaq open higher on Alphabet boost; jobs data on tap
The S&P 500 and the Nasdaq opened higher on Wednesday (Sep 3) after Alphabet gained on a favourable antitrust ruling and investors awaited labour market data that could influence…
MetaOptics looks to SGX Catalist debut for path to profitability
When Mark Thng first launched MetaOptics Technologies’ operations in June 2021, it was out of a tiny office in Roxy Square. The rent was just S$300 a month, but the space was so small it…
Keppel DC Reit acquires remaining stake in 2 data centres from sponsor Keppel for S$8.4 million
The manager of Keppel DC Real Estate Investment Trust (Reit) has acquired the 51 per cent remaining interest in two artificial intelligence-ready hyperscale data centres in Singapore from…
Singapore stocks dip despite manufacturing rebound; STI down 0.2%
Local equities ended Wednesday (Sep 3) lower, even as data showed that manufacturing in Singapore improved slightly. The sector’s purchasing managers’ index (PMI) edged up to 50 in August…
Major liners’ Ebit margins expected to turn negative in H2 2025
The average earnings margins for the liner businesses of major ocean shipping companies fell to 8.4 per cent in the quarter to June, as declining freight rates and rising operating costs…
Major sea carriers’ Ebit margins expected to turn negative in H2 2025
The average earnings margins for the liner businesses of major ocean shipping companies fell to 8.4 per cent in the quarter to June, as declining freight rates and rising operating costs…
Chinese Zara rival Urban Revivo steps up global push with new stores in fashion capitals
China’s Urban Revivo will open a nearly 2,700-square-metre store in London on Wednesday (Sep 3), its second in the city this year, as the fast fashion retailer often likened to Inditex’s…
GE Aerospace’s Singapore and Malaysia projects to enjoy ‘significant portion’ of new US$75 million investment
Aviation giant GE Aerospace on Wednesday (Sep 3) announced plans to invest US$75 million across its Asia-Pacific (Apac) maintenance, repair and overhaul (MRO) and component repair…
Singapore orders Meta to implement anti-scam measures or face possible fine of up to S$1 million
Singapore police have ordered Meta to implement anti-scam measures against advertisements, accounts, profiles and business pages impersonating key government office holders on its social…
Citi appoints ex-JPMorgan banking veteran as Apac investment banking co-head
Citi has named Kaustubh Kulkarni as its new co-head of investment banking for Japan, Asia North and Australia and Asia South. Kulkarni will join Citi in December and will be based in…
Citi appoints banking veteran as Apac investment banking co-head
Kaustubh Kulkarni is making the move after spending nearly three decades at JPMorgan Citi has named Kaustubh Kulkarni as its new co-head of investment banking for Japan, Asia North and…
HSBC AM joins peers with private equity fund targeting wealthy
HSBC Holdings’ asset management (AM) arm is launching a private equity strategy targeting wealthy clients, the latest move by a major investment firm to boost its alternatives offerings…
ANZ starts cutting jobs in institutional banking division
Precisely how many roles will be eliminated from the restructure remains unclear, and the bank has said that it will update investors on the process at a strategy day in October …
China’s chemicals makers reap reward of shift from oil to coal
Falling coal prices are shifting the profitability of China’s chemicals sector, away from traditional oil-based producers to the growing number of plants that use the solid fuel as their…
Boustead surges 12.8% on the back of Reit listing application
The counter shoots up to S$1.68 as at 10.07 am, gaining S$0.19 from its previous close Shares of engineering and technology group Boustead Singapore surged 12.8 per cent on Wednesday (Sep…
Gold extends record run as US rate-cut bets lift appeal
Gold prices extended their record run on Wednesday (Sep 3), holding firm above the key US$3,500 level, driven by growing investor confidence that the US Federal Reserve will cut interest…
EV maker Nio posts 0.3% wider Q2 net loss of 5.1 billion yuan despite top-line growth
Chinese electric vehicle (EV) maker Nio recorded a net loss of 5.1 billion yuan (S$928.4 million) for its second quarter ended Jun 30, 2025. This marked a 0.3 per cent deepening of its net…