Junior bankers win up to 30% pay hikes in Hong Kong deals boom
Citic Securities and other Chinese brokers are raising pay levels again for junior bankers in Hong Kong to boost retention and handle a jump in dealmaking, according to people familiar…
Section
Fashion
Aspial Corp jumps 13% after Koh family moves to sell 15 shops for S$71.8 million
Shares of retail jeweller Aspial Corporation surged by 13 per cent on Friday (Aug 22) after 15 freehold strata-titled retail units in East Village, a Bedok-area mixed development, were put…
Tesla raises price of Cybertruck Cyberbeast in US by US$15,000
— A has raised the price of its fastest variant of Cybertruck by US$15,000, according to pricing information on the automaker’s website.…
Asia: Markets tick up as investors eye Jackson Hole meeting
ASIAN markets were mostly up Friday morning ahead of a pivotal speech by the US central bank chief, expected to shed light on possible interest rate cuts in the world’s top economy. Recent…
BOC Aviation net profit drops 26% to US$342 million; interim dividend at US$0.1476 per share
Asian aircraft leasing giant BOC Aviation posted a 26 per cent drop in net profit for the first half of 2025, though the number was positive when excluding last year’s write-backs of its…
Nio surges over 9% after unveiling of new ES8 SUV model
Prices of the Chinese EV maker’s latest flagship vehicle start from 308,800 yuan with a battery subscription plan Shares of electric vehicle (EV) manufacturer Nio rose by more than 9 per…
Fed officials lukewarm on September rate cut as markets await Powell speech
Three Federal Reserve officials appeared lukewarm on Thursday to the idea of an interest rate cut next month, as investors geared up for US central bank chief Jerome Powell’s speech to the…
SingPost Q1 operating profit tumbles 60% to S$3.4 million amid falling revenue, margin squeeze
Singapore Post’s (SingPost) group operating profit for the first quarter ended Jun 30 came in at S$3.4 million, a 60 per cent year-on-year drop from S$8.4 million. The decrease in…
Trump weighs using US$2 billion in Chips Act funding for critical minerals, sources say
THE Trump administration is considering a plan to reallocate at least US$2 billion from the Chips Act to fund critical minerals projects and boost Commerce Secretary Howard Lutnick’s…
UK government takes over another steelmaker as industry suffers
UK government said on Thursday that it would take temporary ownership of the country’s third-largest steelmaker, putting its 1,450 jobs at risk. The nationalisation of…
US: Stocks retreat ahead of Fed chair’s speech
Street’s major indexes closed lower on Thursday as traders girded for a key speech by Federal Reserve Chair Jerome Powell the following morning, awaiting hints on where…
Active Shooter at University of Tennessee in Chattanooga Forces Lockdown as Police Hunt for Gunman
The University of Tennessee in Chattanooga was placed on lockdown on Thursday morning after reports of an active shooter on campus, which has been on a firing spree. An alert sent to…
Changi Travel Services cuts 30 staff amid market shifts
Changi Travel Services (CTS) is laying off 30 staff as part of an ongoing restructuring process to tackle changing market conditions, it said on Thursday (Aug 21). Affected staff will…
Coliwoo to launch co-living project at old Bukit Timah Fire Station in September
The property will feature retail tenants with experiential offerings, such as urban farming Coliwoo, a unit of real estate services group LHN, will launch a co-living residence with retail…
US: Wall Street opens lower as investors brace for Fed meet; Walmart slides
Street’s main indices opened lower on Thursday (Aug 21), as investors turned cautious ahead of the US Federal Reserve’s three-day conference in Jackson Hole, while big-box…
Singapore, Hong Kong want a slice of the US$250 billion stablecoin pie
Regional financial centres Singapore and Hong Kong are both aiming to capture a piece of the US$250 billion stablecoin market. On Aug 1, Hong Kong launched a regulatory regime for…
Boeing in talks to sell as many as 500 planes to China: sources
Boeing is heading closer towards finalising a deal with China to sell as many as 500 aircraft, according to people familiar with the matter, a transaction that would end a sales drought…
Johnson & Johnson to invest US$2 billion to boost US manufacturing as drug tariffs loom
Johnson & Johnson (J&J) said on Thursday (Aug 21) it would invest US$2 billion in North Carolina as it aims to expand its US manufacturing presence amid looming drug import duties…
Singapore shares rise as market eagerly awaits signals of interest rate cuts; STI up 0.3%
Singapore shares rose on Thursday (Aug 21), as the market awaits for hints from US Federal Reserve chairman Jerome Powell about the future of interest rates. The benchmark Straits Times…
Musk’s Starlink courts luxury airlines to grow in-flight Wi-Fi business
For the past three years, Elon Musk has steadily elbowed his way into the booming market for in-flight Wi-Fi, with his Starlink service signing up blue-chip carriers from Air France to…
Hyflux’s legal head did not raise issues over non-compliance of listing rules for draft announcement, witness says
The legal head of Hyflux did not raise any issue of non-compliance with the listing rules in a draft of an announcement on the company being named the preferred bidder for the Tuaspring…
McDonald’s Japan scraps ‘One Piece’ promotion after Pokemon frenzy
NALD’S Japan has cancelled a promotion based on the classic One Piece manga series, after a similar Pokemon-themed campaign sparked a frenzy and uproar about uneaten food…
Baidu ranks as China’s cheapest Internet stock amid AI concerns
Sharp stock underperformance for Baidu on concerns over its outlook have left it trading at the cheapest valuation among China’s major Internet firms. Baidu has suffered from…
Global beauty firms look to carve up Indian market as ‘last bastion’ of growth
From Japan’s Shiseido to France’s L’Oreal, global cosmetics giants are doubling down on India, betting on the world’s most populous nation as a key growth market for premium offerings…