China may loosen grip on yuan as Trump reignites trade war
CURRENCY traders are waiting with bated breath for China’s next daily reference rate for the yuan, with some expecting authorities to relax their tight grip, if Donald Trump’s tariffs go…
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Fashion
Indonesian fund, Mitsui vie for US$300 million stake in toll operator RKE: sources
INDONESIA’S sovereign wealth fund, Indonesia Investment Authority (INA), and Japan’s Mitsui are among prospective buyers of CVC Capital Partners’ 25 per cent stake in Indonesian toll road…
Chinese tea drinks firm Guming aims to raise US$202 million in Hong Kong IPO
CHINESE bubble tea drinks company Guming Holdings is aiming to raise up to US$202 million in a Hong Kong initial public offering (IPO), according to regulatory filings on Tuesday (Feb 4).…
Gold holds steady near all-time high amid US tariff concerns
GOLD prices on Tuesday (Feb 4) hovered near a record high scaled in the prior session, as investors fretted that US President Donald Trump’s tariffs on Canada, China, and Mexico will fuel…
Salesforce cutting 1,000 roles while hiring salespeople for AI
SALESFORCE is cutting jobs as its latest fiscal year gets underway, according to a person familiar with the matter, even as the company simultaneously hires workers to sell new artificial…
Keppel Pacific Oak US Reit posts 8.8% fall in distributable income to US$23.8 million for H2
THE manager of Keppel Pacific Oak US Reit (Kore) on Tuesday (Feb 4) posted an 8.8 per cent fall in distributable income to US$23.8 million for H2 ended Dec 31, from US$26.1 million in the…
Keppel Infrastructure Trust posts 54.2% lower H2 DPU of S$0.0195
KEPPEL Infrastructure Trust (KIT) on Tuesday (Feb 4) posted a 54.2 per cent lower distribution per unit (DPU) of S$0.0195 for the second half ended Dec 31, from S$0.0426 in the year-ago…
MUFG looks beyond record profits to win global investors
AS JAPAN’S biggest bank heads for record profit that surpasses even its own projections, one thing is on the mind of its chief financial officer: what to do with all those extra earnings…
Apple blasts EU app laws after first porn app comes to iPhones
From the beginning of the App Store in 2008, Apple executives have banned porn from its platform APPLE lambasted the EU’s Digital Markets Act after the first known porn app for the iPhone…
Clorox raises guidance after quarterly sales top estimates
CLOROX raised sales and earnings guidance for the current year while also reporting better-than-expected quarterly results, showing that the bleach maker’s business continues to recover…
CapitaLand Investment to seed future data centre fund with US$700m investment in Japan
It is making disciplined acquisitions without acting like ‘a kid in a toy store’, says CLI’s Manohar Khiatani ASSET manager CapitaLand Investment (CLI) will invest more than US$700 million…
Elon Musk Takes on Role as 'Special Government Employee' for Trump Administration, Working Without Pay
In a surprising move, Elon Musk, the world's richest man and CEO of Tesla, is now serving as a "special government employee" under US President Donald Trump. A White House official…
Ontario cancels Starlink contract in latest Canadian tariffs protest
THE Canadian province of Ontario on Monday (Feb 3) announced it was cancelling a C$100 million (S$93.4 million) contract with Elon Musk’s Starlink, the latest retaliatory move against…
Opec+ rolls over oil policy, ditches US government data
OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday (Feb 3) and removed the US government’s Energy Information Administration from the sources used to…
Cathay Cineplex stares into debt abyss as landlords seek payment of about S$2.7 million in rent and other costs owed
MM2 Asia, which runs the cinema chain, is trying to resolve the matter while prioritising minimal disruption to business operations CATHAY Cineplex, operated by mainboard-listed media…
Cathay Cineplex receives letters of demand for about S$2.7 million in rent and other costs owed
MM2 Asia, which runs the cinema chain, is trying to resolve the matter while prioritising minimal disruption to business operations CATHAY Cineplex, operated by mainboard-listed media…
Once a Trump critic, Mark Zuckerberg pivots toward the president
Before Donald Trump kicked off his second term as president, Meta Platforms Chief Executive and founder Mark Zuckerberg took another big swing at hitting reset. In a nearly three-hour…
Lendlease Global Commercial Reit reports 14.3% lower H1 DPU of S$0.018
LENDLEASE Global Commercial Real Estate Investment Trust’s (Lendlease Reit) distribution per unit (DPU) fell 14.3 per cent to S$0.018 for its first half ended Dec 31, 2024, from S$0.021 in…
Gordon Tang and wife extend closing date of cash offer for Suntec Reit to Feb 7
THE closing date of the mandatory conditional cash offer made by property tycoon Gordon Tang and his wife Celine to acquire all units of Suntec Real Estate Investment Trust (Reit) has been…
Private healthcare players upbeat as China hospitals ease rules on foreign ownership
Significant investments are needed for these hospitals to make returns, observers say THE Chinese government’s recent move to allow foreign healthcare players to wholly own hospitals in…
Bank of Japan debated weak-yen risk, scope for more rate hikes at January meeting, summary shows
BANK of Japan (BOJ) policymakers discussed the likelihood of raising interest rates further with some warning of upside inflation risks and the damage a weak yen could inflict on the…
Panama offers concessions to US after Marco Rubio meets president
PANAMA promised free passage for US warships through the Panama Canal and said it will withdraw from China’s signature lending programme after Secretary of State Marco Rubio blasted the…
Hong Kong, Taiwan markets drop as Asia-Pacific markets fall on Trump tariff fears
ASIAN markets fell at the open on Monday (Feb 3) after US President Donald Trump announced tariffs on goods from China, Canada and Mexico over the weekend. As at 10 am on Monday, Hong…
SoftBank’s Son, OpenAI’s Altman to unveil Japan AI thrust
SOFTBANK Group’s founder Masayoshi Son is taking the stage in Tokyo on Monday (Feb 3) with OpenAI chief Sam Altman, part of a global push to spur investment in artificial intelligence (AI)…