Singapore shares up 0.2% amid mixed regional showing
Gainers lead decliners 277 to 215 across the broader market amid heavy trading on the city-state’s bourse Singapore shares edged up on Thursday (Jul 3) amid a mixed showing by regional…
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Latest Singapore six-month T-bill cut-off yield down at 1.85%
The cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) tumbled to 1.85 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Jul…
Malaysia rate cut bets grow as tariff talks weigh on outlook
Expectations are growing for Malaysia’s central bank to cut interest rates at its policy meeting on Jul 9, which is also the deadline for countries to reach trade deals with the US to…
Barclays names several leadership changes in its Asia Pacific investment banking unit
Richard Satchwell has been appointed head of capital markets financing for Asia-Pacific at Barclays, among other key leadership changes within the bank’s Apac Investment Banking business.…
BOJ should resume rate hikes after pause, board member Takata says
Bank of Japan board member Hajime Takata said on Thursday the central bank should resume interest rate hikes following a temporary pause to evaluate the impact of US tariffs on…
Micron sees new Singapore plant as key in plan to meet rising demand for AI-enabling chips
A new will underpin Micron Technology’s plans to produce advanced semiconductors needed for artificial intelligence (AI) applications. The facility, which is adjacent to Micron’s existing…
Oiltek, SEDC Energy in talks on potential role in Sarawak sustainable aviation fuel plant initiative
The programme is in collaboration with sustainable aviation fuel technology provider Sulzer Oiltek announced on Thursday (Jul 3) that it is in talks with Sarawak Economic Development…
Addvalue Technologies bags new orders worth US$1.46 million for advanced digital radio-related business
They are for the supply of the company’s proprietary highly compact software defined radio modules to customers in the defence technology industry Satellite-based communication solutions…
Powell silence on his future complicates Trump Fed chair search
As US President Donald Trump and his advisers begin weighing replacements for Federal Reserve chair Jerome Powell, they are running into one significant complication: It’s not clear that…
Management booted out as Japan’s shareholders flex their muscles in AGMs
Japan’s annual general meetings in June saw a CEO voted out and an entire board of directors replaced in a sign shareholders are increasingly holding management to account and providing…
TikTok cuts more workers from US e-commerce division
US President Donald Trump has said he has a buyer lined up for the app, and just needs approval from the Chinese government for the sale TikTok is cutting more workers from its US…
Oil prices jump 3% as Iran suspends cooperation with UN nuclear watchdog
Oil prices rose 3 per cent on Wednesday as Iran suspended cooperation with the UN nuclear watchdog and the US and Vietnam reached a trade deal, but a surprise build in US crude supplies…
US: S&P 500, Nasdaq end at record highs after US-Vietnam trade deal
The S&P 500 and Nasdaq ended at fresh records on Wednesday after President Donald Trump announced a trade deal with Vietnam, offsetting weak hiring data. The session began in a…
Tesla sales continue to slide amid competition and backlash against Elon Musk
As Elon Musk scrambles to restore Tesla’s reputation and deliver on promises of autonomous driving technology, vehicle sales for the company continued to fall last quarter. Tesla delivered…
Microsoft lays off thousands in latest cuts to state's tech industry
There was more bad news for the tech sector Wednesday as Microsoft announced reductions to staff, preparing for thousands of layoffs worldwide, including in its gaming division. The cuts…
Microsoft begins deep job cuts across Xbox division
Microsoft’s gaming division began informing employees of job cuts on Wednesday (Jul 2) morning, part of a broader culling at the software company as it seeks to control costs. Microsoft’s…
Microsoft to cut about 9000 jobs amid hefty AI bets
Microsoft will lay off nearly 4 per cent of its workforce, or about 9000 people, the company said on Wednesday (Jul 2), in the latest job cuts as the tech giant looks to rein in costs amid…
Schroders picks Singapore for global digital assets hub
International investment manager Schroders has chosen Singapore as the base for its new Global Digital Assets Centre of Excellence. The centre will focus on applying tokenisation – which…
Visa, Mastercard race to tame a US$253 billion crypto threat
A turf war is breaking out in the vast world of digital payments – and the incumbents are suddenly on defence. Tech firms and crypto startups are moving in on territory long dominated by…
STI closes at record high of 4,010.77 as investors seek safe haven
The index closes 0.5% higher while across the broader market, gainers beat decliners 302 to 186 after 1.3 billion securities worth S$1.5 billion were transacted Singapore’s benchmark index…
UOL leads STI to record high of 4,010.77
The index closes 0.5% higher while across the broader market, gainers beat decliners 302 to 186 after 1.3 billion securities worth S$1.5 billion were transacted Singapore’s benchmark index…
UOB Thailand, Frasers Property team up to help companies expand in Asean
The companies will jointly identify and support foreign direct investment opportunities, particularly for firms seeking to establish or expand operations in key industrial zones in the…
Asian CFOs brace for downturn, but eye expansion: survey
More than eight in 10 Asian chief financial officers (CFOs) expect the global economy to worsen in the coming months – a markedly more pessimistic view than their peers elsewhere. Yet many…
GrabCab, Singapore’s newest taxi operator, hits the roads with over 40 cabs to be rolled out in July
Singapore’s sixth and newest taxi operator GrabCab has hit the roads, with over 40 cabs to be rolled out in July, and more cabs expected in the next three years. Its flag-down fare is…