Singapore Paincare up 8.3% on Sias valuation
Shares of Singapore Paincare rose on Thursday (Jun 5), a day after the Securities Investors Association (Singapore), or Sias, valued the medical services company at more than double its…
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Singapore Paincare up 12.1% as Sias urges shareholders to await IFA report
Shares of Singapore Paincare rose on Thursday (Jun 5), a day after the Securities Investors Association (Singapore), or Sias, said the medical services company could be worth more than…
Starbucks reshuffles leadership to accelerate turnaround bid
Starbucks is reorganising part of its senior ranks, looking to speed up plans to reverse a sales slump. Mike Grams, hired last year as head of North America stores, will become chief…
Mercedes, BMW step up response to China export curbs to avoid shortages
Automakers in the US and Europe raised concerns about China’s export controls on rare earth metals, as Beijing’s move threatens to disrupt global car production. Mercedes-Benz Group and…
Oil settles 1% lower after US data shows large builds in fuel stocks
Oil prices settled down just over 1 per cent on Wednesday after US data showed surprisingly large build in petrol and diesel inventories, swelling fuel supplies with Opec+ planning more…
US: Stocks mixed on slower hiring, economic uncertainty
Wall Street stocks closed mixed on Wednesday on signs that US economic activity was cooling, even though investors were careful not to overreact to a slowdown in private sector…
Overcoming challenges in sustainable finance
Helge Muenkel, chief sustainability officer, DBS Victor Wong, head of sustainability office, UOB Asset Management Mike Ng, group chief sustainability officer, OCBC BT: Sustainable…
OCBC stays the course on climate commitment
THE global effort to combat climate change has faced significant headwinds in recent years. Under the Trump administration, the US withdrew from the Paris Agreement, a landmark…
Meta sued by Eminem's publishing company over alleged copyright infringement
Eight Mile Style, a company that owns some of Eminem’s most popular songs, is suing social media giant Meta over alleged copyright infringement. The lawsuit, filed in a federal court in…
AMC Networks partners with AI startup Runway
AMC Networks, known for series such as “Breaking Bad” and “The Walking Dead,” is partnering with AI startup Runway to use AI tools for marketing and developing its TV shows. Runway’s AI…
STMicro to cut 5,000 jobs in next 3 years, says CEO
STMicroelectronics expects 5,000 staff to leave the company in the next three years, including 2,800 job cuts announced earlier this year, its chief executive said on Wednesday (Jun 4).…
US: Wall Street opens slightly higher after private payrolls data
stocks inched up in choppy trading on Wednesday (Jun 4) after weaker-than-expected private payrolls data deepened concerns about the Trump administration’s erratic trade…
Tesla’s China shipments extend slump, bucking broader sales boom
Tesla’s vehicle shipments from its China factory fell for an eighth straight month, extending a global sales slump as chief executive officer Elon Musk pledges to renew his focus…
OCBC partners Ant International to offer embedded finance to Indonesia SMEs
Tie-up taps the bank’s presence and knowledge of SMEs and customer franchise in Indonesia, and Ant International’s capabilities in alternative data modelling, dynamic credit strategy and…
Singapore stocks close Wednesday higher amid regional gains; STI up 0.2%
Speculations over a Trump-Xi call to ease trade tensions sometime this week add to the upbeat mood Local stocks ended higher on Wednesday (Jun 4), mirroring regional gains after resilient…
Have 30 and 80 year olds in top management of big companies.
Piyush Gupta’s tenure as DBS’s chief executive officer (CEO) ended with a bang as the group posted record net profit of S$11.29 billion for 2024 and Gupta received a total remuneration of…
Singapore Paincare worth up to S$0.37 a share, more than double its privatisation offer: Sias
The Securities Investors Association (Singapore), or Sias, is urging minority shareholders of Singapore Paincare to hold off on selling their shares amid the proposed privatisation deal.…
Sias calls for Singapore Paincare shareholders to await IFA opinion on privatisation offer
The Securities Investors Association (Singapore), or Sias, is urging minority shareholders of Singapore Paincare to hold off on selling their shares amid the proposed privatisation deal.…
Iron ore markets brace for shake-up as Singapore-linked Simandou nears production
Global iron ore trade is facing a pivotal shift as Simandou, a massive iron ore mine in Guinea being developed by a Singapore conglomerate, is about to ramp up supply of the ferrous…
More Chinese corporates eyeing deals in Asean, secondary listings on SGX
Chinese corporates are increasingly looking for deals in South-east Asia amid rising uncertainty from US trade policies, said Jason Saw, head of investment banking at CGS International.…
Asia: Stocks track Wall Street up after jobs data, Seoul surges on Lee win
Asian shares extended a global rise on Wednesday following data indicating the US economy remained resilient, with South Korean equities and the won standing out as the election of a new…
Memecoin platform Pump.fun pursues US$1 billion token sale
A platform dedicated to highly speculative cryptoassets is planning to raise US$1 billion by selling tokens, taking advantage of the current wave of positive sentiment buoying…
Australian dollar out of gas as economy sputters
The Australian and New Zealand dollars barely budged on Wednesday as domestic economic data again disappointed, adding to market wagers that interest rates will have to be cut again and…
CapitaLand Malaysia Trust proposes sale of 435.4 million units to raise RM250 million
The manager of CapitaLand Malaysia Trust (CLMT), a subsidiary of CapitaLand Investment, on Tuesday (Jun 3) proposed a placement of up to 435.4 million new units to raise gross cash…