Ikea to drive China furniture costs lower as price war deepens
Ikea pledged to keep prices lower at its China stores, as the world’s largest furniture retailer courts thriftier buyers and seeks to fend off competition from local rivals. The Swedish…
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Fashion
Who will be next to lead Temasek, and is there enough time for them to come up to speed?
Temasek Holdings executive director and chief executive Dilhan Pillay last week made clear that the Singapore investment company is paving the way for new leadership. In its largest…
Oil settles up 1% after US imposes sanctions targeting Iranian oil
Oil prices settled up more than 1 per cent a barrel on Tuesday after the US imposed sanctions targeting Iran’s oil revenue stream, and ahead of an Opec+ meeting on Sunday where analysts…
US: Stocks retreat as trade uncertainty drags on
Wall Street stocks retreated on Tuesday after a US court ruling threw fresh uncertainty over President Donald Trump’s trade policy. Trump vowed to immediately seek a Supreme Court…
US pulls TSMC’s waiver for China shipments of chip supplies
The US has revoked Taiwan Semiconductor Manufacturing Co’s (TSMC) authorisation to freely ship essential gear to its main Chinese chipmaking base, potentially curtailing its production…
Google won't be forced to sell its Chrome browser, judge rules
A federal judge ruled Tuesday against the U.S. government’s proposal that Google should sell its Chrome web browser to restore competition in online search. The highly-watched decision…
Salesforce CEO Marc Benioff says he cut 4,000 support roles because of AI
Artificial intelligence already is replacing certain jobs at technology companies. Last week, Salesforce Chief Executive Marc Benioff said the San Francisco software giant was able to…
Trump's Mystery Announcement Fuels Talk of Resignation After Viral Death Rumors
US President Donald Trump is set to deliver a much-anticipated speech from the Oval Office on Tuesday at 2 p.m. ET. The White House details the slot on his public schedule, but the…
Who is Esmeralda Ferrer Garibay? Mexican TikToker and Family Executed in Brutal Attack
Influencer Esmeralda Ferrer Garibay, 32, and her husband, Roberto Carlos Gil Licea, 36, were found dead along with their children, Gael Santiago, 13, and Regina, 7, as law enforcement in…
Centurion unit acquires Johor dorm operator for RM110.8 million, ups bed capacity by 25%
A unit of dormitory operator Centurion Corporation has acquired another dormitory operator in Johor for RM110.8 million (SG$33.2 million), the mainboard-listed company said in a bourse…
US: Wall St opens lower on tariff uncertainty; focus on data
Wall Street’s main indexes opened lower on Tuesday (Sep 2), as investors returning from a long holiday weekend worried about the legality of US President Donald Trump’s tariffs and…
Boustead applies on behalf of UIB Holdings for IPO and listing of Reit that includes its assets
IPO portfolio is proposed to include Boustead’s stakes in some of its Singapore logistics and industrial real estate assets Boustead Singapore has applied to the authorities to publicly…
Boustead files for listing of Reit holding its Singapore logistics and industrial assets
Boustead Singapore has applied to list a real estate investment trust (Reit) on the Singapore Exchange – one with a portfolio that includes its Singapore logistics and industrial real…
Kraft Heinz to split into two companies in growth push
Kraft Heinz said on Tuesday (Sep 2) it would split into two publicly-listed companies, one focusing on the sauces business and the other on groceries, as the US packaged goods…
Singapore stocks close higher as STI briefly reaches 4,300; index up 0.5%
Stocks on the local bourse closed higher on Tuesday (Sep 2) as the Straits Times Index (STI) briefly traded above 4,300 points for the first time. The new threshold was supported by…
Bukom refinery exports rare naphtha cargo: sources
Singapore’s Bukom refinery has exported its first naphtha cargo in years following a longer-than-expected outage at its cracker, according to three sources with knowledge of the…
Indonesia's central bank wants rupiah to trade around 16,300 a dollar
The rupiah hit its weakest since August 1 of 16,500 a dollar during intraday trade on Monday Indonesia’s central bank has been guiding the rupiah to a stronger level and will try…
Rothschild boosts Middle East wealth efforts with Liechtenstein deal
Rothschild is set to take over the United Arab Emirates subsidiary of the Liechtensteinische Landesbank (LLB), bolstering its presence in one of the world’s hottest markets for wealth…
China-led bloc to set up development bank in win for Xi
Chinese President Xi Jinping secured an agreement from partner countries to set up a new development bank, realising a longtime ambition in a display of Beijing’s growing influence.…
Kasikornbank ditches key profit goal as Thai economy falters
Thailand’s second-largest lender Kasikornbank abandoned a key earnings target on concerns that the already weak economy may deteriorate further, denting loan demand and increasing…
Singapore key to HSBC’s global wealth strategy, says its bank’s wealth head here
As HSBC undergoes a global overhaul of its operations, Singapore remains a key priority of the bank’s strategy to “future-proof” itself, said Ashmita Acharya, head of international wealth…
BOJ should keep raising interest rates, Deputy Governor Himino says
[KUSHIRO, Japan] Bank of Japan Deputy Governor Ryozo Himino said on Tuesday it would be appropriate to continue raising interest rates in accordance to improvements in the economy…
Gold hovers near record high on US rate-cut hopes, soft dollar
Gold prices climbed to a more than four-month high on Tuesday (Sep 2), inching closer to the all-time high touched in April, supported by a weaker US dollar and growing expectations for a…
Westpac to hire hundreds of bankers in business lending push
The bank is expanding its presence with three new service centres in regional New South Wales, Victoria and Tasmania Westpac Banking plans to hire 350 bankers and turn more to…