CEO revenue confidence hits five-year low: PwC survey
There was a sharp divide between those already seeing benefits from AI adoption and those who did not [DAVOS, Switzerland] Only three in 10 chief executives are confident in their…
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Fashion
European stocks drop the most in two months on Trump tariff threat over Greenland
EUROPEAN shares logged their biggest daily drop in two months on Monday as investors were rattled by President Donald Trump’s threat of additional tariffs on eight European countries until…
Explaining California's billionaire tax: The proposals, the backlash and the exodus
The battle over a new tax on California’s billionaires is set to heat up in the coming months as citizens spar over whether the state should squeeze its ultra-rich to better serve its…
Gold, silver hit fresh highs as Trump’s Greenland tariffs rattle European markets
Gold and silver scaled new all-time highs on Monday (Jan 19), as investors continued to pour money into safe-haven assets following the Trump administration’s latest tariff salvo – this…
L.A.'s defense industry is booming. Federal funding crunch could change that
When former Space X engineer Josh Giegel launched his North Hollywood tech company Gambit in 2023, he had a vision for the battlefield of the future, one with fewer soldiers and more…
Singapore stocks fall amid heightened geopolitical tensions; STI down 0.3%
Across the broader market, losers outnumber gainers 319 to 250 after two billion securities worth S$1.3 billion change hands Singapore stocks ended lower on Monday (Jan 19) amid heightened…
India’s central bank proposes linking Brics’ digital currencies: sources
US President Donald Trump has previously said the bloc alliance is “anti-American” and he threatened to impose tariffs on its members [MUMBAI/NEW DELHI] India’s central bank has proposed…
India fines IndiGo record US$2.45 million over mass flight cancellations
The airline has acknowledged that poor pilot roster planning was the main cause of the disruption India’s aviation regulator on Saturday (Jan 17) fined IndiGo a record US$2.45 million,…
Point72 expands office space in Hong Kong’s Henderson Tower
Point72 Asset Management has signed a deal to take more space for its upcoming office in The Henderson, a skyscraper in Hong Kong’s Central district, as demand from the financial sector…
CGSI downgrades DBS to ‘hold’ on ‘muted’ Q4 performance forecast; S$60.50 target price unchanged
FY2026 could post a larger-than-expected drop in earnings due to downside risks, says CGSI CGS International (CGSI) has downgraded its call on DBS to “hold” from “add”, citing forecasts of…
Tepco to delay restart of Kashiwazaki-Kariwa nuclear power plant, NHK reports
Tokyo Electric Power will delay the restart of its Kashiwazaki-Kariwa nuclear power plant, which was originally scheduled for Jan 20, public broadcaster NHK reported on Monday, after an…
Micron says AI-driven memory crunch is ‘unprecedented’
PC makers have also warned they are likely to be affected by the ongoing shortage Nvidia supplier Micron Technology said an ongoing memory chip shortage has accelerated over the past…
Oil firmer as ebbing Iranian protests lower chance of US attack
Oil prices were up slightly on Monday, after the previous session’s rise, as Iran’s deadly crackdown on protests quelled civil unrest, narrowing chances for a US attack on the major Middle…
Sunway’s RM11 billion IJM bid questioned over Bumiputera rights
Sunway is largely controlled by Malaysian tycoon Jeffrey Cheah Fook Ling, who is ethnic Chinese Sunway’s proposed RM11 billion (S$3.5 billion) takeover of IJM is drawing political scrutiny…
Bank of Singapore appoints Collins Chin as global CFO
He takes up the new role after having been the head of investor relations at the bank’s parent, OCBC The Bank of Singapore on Monday (Jan 19) announced that it has appointed Collins Chin…
Raffles Education seeks shareholder nod on RMB426.4 million sale of private college in China
Raffles Education is seeking shareholder approval for the proposed sale of its China asset for 426.4 million yuan (S$75.9 million) via an extraordinary general meeting (EGM). The proposed…
Petronas names new COO following Sarawak gas dispute: report
The company has also been struggling with declining profits and last year announced it was cutting around 10% of its workforce Petroliam Nasional (Petronas) has appointed Mohd Jukris Abdul…
Making batteries to woofers, GP’s Lo sways to the rhythms of geopolitics and music
If you thought this whole headache of geopolitics roiling business was a recent phenomenon, you need to hear from Victor Lo, the Hong Kong-based business figure, art collector and music…
Billionaires’ wealth hits new peak as their clout grows: Oxfam
BILLIONAIRE wealth surged at three times its recent pace last year to reach its highest level on record, deepening economic and political divides that threaten democratic stability,…
Shiseido faces tough turnaround after costly cosmetics stumbles
The company has embraced a turnaround plan that involves drastic cost-cutting and a refocus on its luxury brands Shiseido, once a formidable challenger to L’Oreal and Estee Lauder…
WTI expected to trend higher in near term
WEST Texas Intermediate (WTI) crude prices have staged a modest recovery since the start of the year, rising about 4 per cent year-to-date at the time of writing. After briefly dipping to…
Nasdaq-listed eToro to roll out SGX stocks on platform in Asia expansion push
Nasdaq-listed investment platform eToro is stepping up its focus on the Asia-Pacific as a key area for future growth, with Singapore serving as its hub for regional expansion. It plans to…
Don’t meddle with GIC, Temasek’s mandates
But, more granular information about their performance could help foster trust among their stakeholders Several questions were raised in Parliament last week about whether Singapore…
From accountant to IR chief: RWS CEO on why she wants to create ‘a new first impression’
Genting veteran Lee Shi Ruh is leading the massive transformation of the Sentosa integrated resort There is certainly quite a different look and feel at Resorts World Sentosa (RWS) these…