China vows to regulate ‘irrational’ competition in EV industry
The Cabinet will urge the main automakers to fulfil commitments on supplier payment terms and promised to help them boost competitiveness China’s Cabinet on Wednesday (Jul 16)…
Section
Fashion
Guinness-owner Diageo CEO step downs after tough two years, finance chief to lead in interim
Diageo CEO Debra Crew has stepped down after just two years in the job, the world’s biggest spirits maker said on Wednesday (Jul 16), with finance chief Nik Jhangiani taking over…
Cathay Cineplexes gets fresh payment demands of over S$3.3 million for Century Square, Causeway Point outlets
Embattled cinema chain Cathay Cineplexes has received more repayment demands of over S$3.3 million in rent arrears and other amounts, owed to the landlords of its outlets at Century Square…
Nvidia is the first $4-trillion company. Here are three things to know
SAN FRANCISCO — Nvidia is already the world’s most valuable company being one of the biggest beneficiaries of the global artificial intelligence boom. This week, the Santa Clara-based chip…
Iata ‘watching very carefully’ for profiteering in tariff-exempt aerospace industry
The International Air Transport Association (Iata) is on the lookout for players in the aerospace industry attempting to profiteer by using trade tariffs to justify price hikes. The…
Secretive family behind Tetra Pak bets bulk of US$9b on stocks via Singapore entities
A mysterious entity based in the heart of Singapore’s financial district emerged as the biggest shareholder in International Flavors & Fragrances (IFF) nine years ago. It turned out that…
SoftBank-backed travel app Klook is said to consider US listing: sources
Klook, a travel and leisure booking platform, is exploring an initial public offering in the US that may raise as much as US$500 million, according to people with knowledge of the…
South Korea seeks to unlock property money in ‘Kospi 5,000’ drive
SOUTH Korea is seeking to redirect household wealth concentrated in real estate into equities, according to a lawmaker spearheading a committee tasked with supercharging the nation’s stock…
Low-cost carrier model remains viable, but may not work at every airport: Iata chief
The budget airline model is not dead, but it does not always work at every airport, said Willie Walsh, director-general of the International Air Transport Association (Iata), at a media…
Competition watchdog seeks public feedback on proposed takeover of Seaco by Stonepeak-linked company
The Competition and Consumer Commission of Singapore (CCCS) is seeking public feedback on the proposed acquisition of Global Sea Containers (Seaco) by special purpose vehicle Typewriter…
Citi to boost Japan investment banking headcount up to 15%, executive says
Citigroup plans to raise its investment banking headcount in Japan by 10 to 15 per cent over the next year and make new hires in Australia, as part of its strategy to bolster growth in the…
ASML orders beat expectations after AI spending fuels demand
ASML Holding’s orders in the second quarter beat estimates after the artificial intelligence (AI) boom drove demand for its sophisticated chip-making machines, even as chief executive…
Huawei tops China smartphone market for first time in years
Huawei Technologies took the top spot in China’s smartphone market for the first time in more than four years, a comeback fuelled by new designs and software that appealed to…
Masayoshi Son and Sam Altman see no end to AI demand and scaling
SoftBank Group founder Masayoshi Son and OpenAI chief Sam Altman see insatiable demand for artificial intelligence (AI) that makes it imperative to keep building ever more computing…
Shangri-La Asia appoints Robert Kuok’s daughter Kuok Hui Kwong as new CEO
She is the daughter of Shangri-La founder Robert Kuok, who is Malaysia’s richest man Shangri-La Asia announced the appointment of Kuok Hui Kwong as its new chief executive officer on…
European asset manager Amundi, Endowus launch low-cost index fund tracking STI
European asset manager Amundi and wealth adviser and investment platform Endowus on Wednesday (Jul 16) launched the Amundi Singapore Straits Times Index (STI) Fund. This marks the first…
Small but rising Japanese opposition party warns against near-term BOJ rate hike
The Bank of Japan should hold off raising interest rates until the economy achieves a stronger recovery, Sohei Kamiya, head of the small opposition party Sanseito said ahead of an upper…
Stocks to watch: SIA, CDL, UOL Group, TalkMed, Amara
The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 16): Singapore Airlines (SIA): The national carrier and its low-cost arm Scoot…
Trump unveils US$92 billion worth of investments to power AI boom
US President Donald Trump went to Pennsylvania on Tuesday to announce US$92 billion in energy and infrastructure deals intended to meet big tech’s soaring demand for electricity to fuel…
US: Nasdaq edges to record as Dow, S&P 500 retreat
Wall Street stocks finished mostly lower on Tuesday despite another Nasdaq record as President Donald Trump announced a US trade deal with Indonesia ahead of a deadline still facing…
TalkMed shareholders approve Tamarind Health’s privatisation offer
Shareholders of TalkMed on Tuesday (Jul 15) approved a proposed privatisation offer from Tamarind Health. Ninety-eight shareholders, representing 89.1 per cent of those present and voting…
Citigroup profit beats estimates on trading, deals windfall
Citigroup’s quarterly profit beat Wall Street estimates on Tuesday (Jul 15), as its traders brought in a windfall from turbulent markets and investment bankers gained from resilient…
US dollar gains on yen after consumer price data
The US dollar gained against the Japanese yen and was little changed against the euro on Tuesday (Jul 15) in choppy trading, after data showed US consumer price inflation was close to…
Philip Yeo to step down from CDL board
City Developments Ltd (CDL) announced the retirement of Philip Yeo, who notably backed executive chairman Kwek Leng Beng’s bitter boardroom battle against his son, chief executive officer…