TikTok deal gets another extension from President Trump
President Donald Trump on Thursday signed an executive order giving TikTok a 90-day extension to work out a deal with the U.S. government that addresses security concerns over the app’s…
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Fashion
Trump extends deadline for TikTok sale by another 90 days to Sep 17
US President Donald Trump announced on Thursday (Jun 19) that he has given social media platform TikTok another 90 days to find a non-Chinese buyer or be banned in the United States. “I’ve…
Weaker greenback raises risk of currency mismatch for Asian insurers holding USD assets
A mismatch between the currencies in which insurers’ assets and liabilities are held can put pressure on their capital and ability to fulfil the liabilities. This is the issue currently…
Chevron seeks buyers for 50% stake in Singapore refinery: sources
US oil major Chevron has sought non-binding bids for the sale of its 50 per cent stake in Singapore Refining Company (SRC), including from joint venture partner PetroChina, eight sources…
Japan to cut super-long bond sales by 10% to calm markets
Japan’s government plans to cut sales of super-long bonds by about 10 per cent from its original plan in a rare revision to its bond programme for the current fiscal year, trimming overall…
Philippines cuts key rate again as inflation stays below target
The Bangko Sentral ng Pilipinas reduced its overnight target reverse repurchase rate to 5.25% on Thursday The Philippine central bank lowered its key interest rate by a quarter…
SingPost puts up 10 HDB shophouses for S$50 million in sale-and-leaseback bid
National postal service provider Singapore Post (SingPost) has put up 10 Housing & Development Board (HDB) shophouses for sale and leaseback under its plan to divest non-core assets. These…
Hong Kong Monetary Authority says outlook for local currency uncertain
The city’s de-facto central bank has made the comments in response to the US Federal Reserve’s overnight decision to keep rates unchanged The Hong Kong Monetary Authority (HKMA)…
Uber warns Hong Kong drivers and riders of possible new curbs
Uber Technologies is e-mailing Hong Kong users to raise concerns about rules the city is formulating, warning the government could cap the number of drivers or vehicles allowed on the…
China’s EV powerhouse BYD accelerates into Europe’s heartland
A synchronised flock of drones lit up the sky above Rome’s Olympic Stadium last month to mark the European launch of the latest electric hatchback from Chinese carmaker BYD. Against the…
US recovers US$225 million stolen in crypto scam
The US government said on Wednesday it recovered US$225 million in the largest seizure yet of money stolen in a cryptocurrency confidence scam. The FBI and the US Secret Service…
Asia: Stocks drop after Fed warning, oil dips with Middle East in focus
Asian stocks fell on Thursday after the Federal Reserve warned Donald Trump’s trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as…
Coinbase launches stablecoin payments service for e-commerce
Coinbase Global is launching a platform designed to make stablecoins a go-to payment method for online transactions, a potentially big leap forward in the mainstream adoption of…
PEC delists from SGX on Jun 19 after US$165 million acquisition by Liberty Energy Solutions
Engineering company PEC was delisted from the mainboard of the Singapore Exchange (SGX) at 9 am on Thursday (Jun 19), after Alliance Energy Services’ offer to privatise the group via a…
Seatrium partners with Solvang, Norway to establish Carbon Capture and Storage systems
Seatrium announced on Thursday (Jun 19) that it had signed of a letter of intent (LOI) with Solvang, Norway for the installation and retrofitting of full-scale Carbon Capture and Storage…
Australia: Shares hit 2-week low as miners, gold stocks fall; Fed holds rate
RALIAN shares hit a two-week low in early trade on Thursday, weighed down by miners and gold stocks as the US Federal Reserve’s cautious tone on rate cuts and softer commodity…
Standard Chartered cuts jobs in Singapore; moves them to India: Finance jobs portal
Dozens of staff at Standard Chartered have reportedly been laid off in Singapore in a fresh round of job cuts by the London-based bank. The move affected about 80 Singapore-based employees…
Gold rises on Middle East tensions, but Fed’s cautious outlook caps gains
Gold prices edged higher on Thursday (Jun 19), supported by safe-haven demand amid uncertainty in the Middle East, although gains were capped as traders assessed the US Federal Reserve’s…
UK’s high-speed rail faces new delays, deemed ‘appalling mess’
Britain’s transport secretary on Wednesday announced further delays to the country’s new high-speed HS2 train line, describing the project as an “appalling mess” amid soaring…
Air India cuts foreign widebody flights by 15% after crash
Air India is reducing its international service using widebody planes by 15 per cent as the nation’s flag carrier grapples with the fallout from a fatal Boeing 787 crash last week and an…
Chipmaker Wolfspeed nears bankruptcy deal with lenders including Apollo
Struggling chipmaker Wolfspeed will be taken over by creditors including Apollo Global Management under a proposal that would put it into bankruptcy just long enough to slash billions of…
Airbus hits US$21 billion orders at Paris Air Show as Boeing focuses on India crash
Airbus secured more aircraft orders on Wednesday, raising its total to US$21 billion at this week’s subdued Paris Air Show, while rival Boeing opted not to announce new sales following…
Europe: Shares fall as Middle East tensions weigh; eyes on Fed decision
EUROPEAN shares declined on Wednesday as investors awaited the Federal Reserve’s monetary policy decision, with ongoing tensions in the Middle East adding to market uncertainty. The…
US Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees ‘meaningful’ inflation ahead
The US central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025, but Federal Reserve Chair Jerome Powell cautioned…