Bank of Korea holds rates steady amid tariff, household debt concerns
South Korea’s central bank held interest rates steady on Thursday, as policymakers steered a cautious path amid concerns about financial stability risks stemming from rising…
Section
Fashion
Food Empire to invest US$37 million to expand soluble coffee manufacturing facility in India
Food and beverage company Food Empire intends to invest US$37 million to expand the capacity of its spray-dried soluble coffee manufacturing facility in Andhra Pradesh, India. The move…
Prime US Reit signs 120,000 sq ft lease at Class A office tower in Maryland
The manager of Prime US Real Estate Investment Trust (Reit) announced on Thursday (Jul 10) that it signed a new 11-year lease of minimum 120,000 square feet (sq ft) at a rebranded…
Stocks to watch: DBS, Singtel, ST Engineering, UOL, SGX, Food Empire, Prime US Reit, Soilbuild Construction
The following companies saw new developments that may affect trading of their securities on Thursday (Jul 10): DBS, Singtel, ST Engineering: The Singapore bank, telecommunications giant…
Hong Kong Jockey Club to unload US$1 billion in Blackstone, Warburg funds
The Hong Kong Jockey Club is divesting as much as US$1 billion in funds held with Blackstone and other buyout firms, offloading US assets amid escalating trade tensions that have…
Barclays hires sales trader in Hong Kong after pullback
Barclays hired Joseph Lee from HSBC Holdings as head of high-touch equity sales trading for Asia-Pacific as the UK bank ramps up staffing after exiting the business almost a decade ago.…
Samsung’s bet on foldable phones faces major test with slimmer new model
Samsung Electronics on Wednesday unveiled thinner, lighter new foldable phones as it aims to fend off Chinese competition in the higher-margin, premium segment that remains untapped by…
Opec bars five leading news organisations from oil conference
Organization of the Petroleum Exporting Countries (Opec) has excluded five of the world’s leading news organisations from covering its biennial oil seminar in Vienna, attended by the…
Microsoft touts US$500 million AI savings while slashing jobs
Microsoft is keen to show employees how much artificial intelligence (AI) is transforming its own workplace, even as the company terminates thousands of personnel. During a presentation…
Europe: Shares close at four-week high on banks boost; US trade talks in focus
EUROPEAN shares closed at a four-week high on Wednesday, with banks the biggest boost as investors awaited signs of progress on a trade accord between the United States and the European…
US Fed minutes show committee split around inflation worries
The emerging divide among US Federal Reserve officials over the outlook for interest rates is being driven largely by differing expectations for how tariffs might affect inflation, a…
Linda Yaccarino to step down as CEO of Elon Musk's social media site X
Linda Yaccarino, the chief executive of social media site X, said Wednesday that she’s stepping down from her role after two years at the company. “When @elonmusk and I first spoke of his…
US: Wall Street opens higher as markets await trade talks
Wall Street’s main indexes opened higher on Wednesday (Jul 9), as investors shrugged off President Donald Trump’s aggressive tariff moves and kept a close watch on negotiations…
SGX securities turnover up 23% in June, bringing financial year’s gain to 28%
The operator of the local stock market reported gains in the trading value and volumes of its key products in June, which contributed to the Singapore Exchange (SGX) ending its financial…
Australia’s Telstra to axe 550 roles in enterprise business overhaul
Telstra Group, Australia’s top telecom operator, said on Wednesday (Jul 9) that it plans to lay off 550 employees as part of an ongoing overhaul of its enterprise business and…
Contributor: The human brain doesn't learn, think or recall like an AI. Embrace the difference
Recently, Nvidia founder Jensen Huang, whose company builds the chips powering today’s most advanced artificial intelligence systems, remarked: “The thing that’s really, really quite…
Lum Chang Creations says now is ‘best time’ to list; eyes over S$12 million in Catalist IPO
Urban revitalisation specialist Lum Chang Creations (LCC) is set to raise S$12.3 million in gross proceeds through an initial public offering (IPO) on the Singapore Exchange (SGX), with a…
Merck nears US$10 billion deal for London-based lung therapy firm Verona, FT reports
Merck is nearing a US$10 billion deal to buy lung diseases focussed Verona Pharma, as the US drugmaker is eyeing deals to offset the upcoming patent expiry of its blockbuster cancer drug,…
JPMorgan to open bigger Amsterdam office after desk shortage
JPMorgan Chase will soon open a new office in Amsterdam after an expansion in the region coupled with the bank’s stricter return-to-office mandate left the biggest Wall Street lender short…
AirAsia talks with investors near conclusion, says deputy CEO
The airline is arranging a RM1 billion equity injection alongside financing for its extensive order book of new planes Budget airline AirAsia is nearing the conclusion of talks…
Qantas confirms personal data of over a million customers leaked in breach
The breach represents Australia’s most high-profile cyberattack since telco giant Optus and health insurer Medibank were hit in 2022 Australia’s Qantas Airways said on Wednesday…
DBS, Singtel help lift Temasek’s portfolio to record S$434 billion
Temasek posted a record net portfolio value (NPV) of S$434 billion for the financial year ended Mar 31, driven by the strong performance of its Singapore-based portfolio companies such as…
Singapore sustainable bond issuances rebound to S$13.3 billion in 2024: MAS
The volume of green, social, sustainability and sustainability-linked (GSSSL) bonds, as well as transition bonds issued in Singapore, hit S$13.3 billion last year, up 79.7 per cent from…
Macquarie is said to weigh sale of Singapore petrochemical asset
The facility has 503,000 cubic metres of storage capacity for a range of fuels and industrial gases Macquarie Group’s asset management arm is considering selling its 50 per cent…