EU proposals set to limit EV sales from 2035, says campaign group
The EU’s biggest retreat from its green policies in years has met with criticism Electric vehicles are likely to make up 85 per cent of new car sales in the EU from 2035, based on…
Section
Fashion
Keppel Pacific Oak US Reit H2 distributable income falls
Full-year income available for distribution falls 9.6% to US$43 million from US$47.6 million The manager of Keppel Pacific Oak US Reit (Kore) on Tuesday (Feb 3) posted a 3.1 per cent fall…
Banks drive European stocks to record high as markets recover from rocky start
Stoxx 600 index climbed to a record on Monday, propelled by strong gains in financial and healthcare stocks as investors looked past commodity market turbulence at the start of…
CVC to sell personal care business FineToday to Bain Capital in 200 billion yen deal: source
The sale comes a few months after FineToday’s second attempt to list on the Tokyo Stock Exchange failed in October Private equity firm CVC Capital Partners has agreed to sell…
India in talks to allow Alipay+ to link with instant payment system: sources
The move will ease payments for its tourists, enabling them to use its UPI with merchants in countries that have signed up with the platform India is in talks with China-related…
Nursing home additions lift Parkway Life Reit’s H2 DPU by 3.5% to 7.64 cents
The Singapore hospital portfolio also saw organic rental growth with step-up lease agreements Parkway Life Real estate investment trust (PLife Reit) saw a 3.5 per cent rise in distribution…
Nursing home additions lift Parkway Life Reit’s H2 DPU by 3.5% to S$0.0764
The Singapore hospital portfolio also saw organic rental growth with step-up lease agreements Parkway Life Real Estate Investment Trust (PLife Reit) saw a 3.5 per cent rise in distribution…
Singaporeans queueing up to buy the dip in gold despite rout
At UOB’s headquarters, Singapore’s only bank selling physical gold, buyers crowd a lounge for bullion trades People were still queueing up to buy gold in Singapore on Monday (Feb…
Castel Group CEO Gregory Clerc ousted as director from key Singapore holding
Chairman Pierre Baer is also removed during an extraordinary shareholders’ meeting of IBBM Two heirs to one of Europe’s richest alcoholic-drinks families prevailed in ousting the…
Singapore stocks slip on Monday as precious metals rout deepens; STI down 0.3%
Singapore stocks ended lower on Monday (Feb 2), tracking regional peers amid a sharp sell-off in precious metals that extended from the previous week. The benchmark Straits Times Index…
Julius Baer profit drops in 2025 amid write-downs, but beats expectations
It has reported a net profit of 764 million Swiss francs, with a net credit loss of 213 million francs Swiss bank Julius Baer on Monday (Feb 2) reported a net profit of 764 million…
BYD leads Chinese automaker sell-off on weakening sales
The sell-off highlights rising investor concern that China’s carmakers face a prolonged slowdown Shares of BYD sank to their lowest level in at least a year on Monday (Feb 2),…
BOJ summary suggests emerging urgency around timely rate hikes
A SUMMARY of opinions from the Bank of Japan’s (BOJ’s) January policy meeting indicated a growing awareness of the need to raise interest rates in a timely fashion as authorities…
Temasek, LIC plan share sales in NSE’s India IPO: source
All shareholders of NSE will be given the option to participate in the secondary sale as part of the IPO Temasek Holdings and Life Insurance Corporation of India (LIC) are likely…
Alibaba to spend three billion yuan for Chinese New Year AI push as chatbot war heats up
The public holiday period this year begins on Feb 15 and is nine days long, longer than in most previous years Alibaba said on Monday (Feb 2) that it will spend three billion yuan…
Hyundai Motor did not exercise option to buy back Russian auto factory
South Korean automaker Hyundai Motor did not exercise a buyback option for its former manufacturing plant in Russia, the company said on Monday (Feb 2), amid the continuing war in…
Aviation leaders tackle industrial and geopolitical headwinds
Aviation leaders tackled barriers to growth and the impact of geopolitical tensions on the eve of the Singapore Airshow on Monday, while reaffirming pledges to reduce emissions.…
‘Beat estimates’: RHB upgrades CDL Hospitality Trusts to ‘buy’ on improved earnings, bright sector outlook
The bank’s research team is lifting its target price for the trust to S$1.00, up 13.6% from S$0.88 RHB has upgraded its call on CDL Hospitality Trusts (CDLHT) to “buy” from “neutral”,…
Indonesian stocks fall 5% after last week’s dramatic shake-up, US$80 billion rout
— Indonesian stocks slid on Monday (Feb 2), weighed down by a sell-off in commodities, after a tumultuous week during which a warning from MSCI…
CAAS, EDB ink pact with GE Aerospace to co-develop AI and propulsion technologies
GE Aerospace will expand its Singapore presence beyond maintenance, repair and overhaul under a new R&D partnership The Civil Aviation Authority of Singapore (CAAS) and the Economic…
Gold falls 1.5% on firm US dollar, silver recovers from over three-week low
Gold extended falls on Monday (Feb 2), pressured by a firm US dollar, as investors gauged US President Donald Trump’s Fed chair pick Kevin Warsh’s approach to interest rate cuts,…
Chinese speculators set the stage for gold and silver crash
Metals traders in Europe and the US have been working around the clock, unwilling to miss the Asian trading day In the history of the silver market, prices had traded above US$40 an ounce…
MoneyMax expects ‘significant improvement’ in H2 net profit
Pawnbroker and gold retailer MoneyMax on Monday (Feb 2) said that it expects a “significant improvement” in its second-half and full-year net profit. This is set to be mainly down to a…
Why stocks will reward patient bullishness in 2026
Markets should stay positive in 2026, but slower gains and higher volatility lie ahead WITH 2025’s good-to-great gains for global stock markets – and the Straits Times Index (STI) up…