US: Stocks pulled lower by financials; gold hits record highs
Wall Street stocks ended lower while gold prices surged on Thursday as declining financial shares and simmering trade tensions between the United States and China dampened investor…
Section
Fashion
HSBC not exposed to the collapse of scandal-hit First Brands Group
HSBC Holdings is not exposed to the collapse of scandal-hit auto-parts supplier First Brands Group, whose bankruptcy has left some of the biggest players on Wall Street facing hundreds of…
Giorgio Armani names veteran Giuseppe Marsocci new CEO as fashion house weighs potential sale
Giorgio Armani appointed company veteran Giuseppe Marsocci as chief executive officer as the Italian fashion house considers a potential sale following the death of its founder. Marsocci…
Salesforce jumps as US$60 billion forecast eases revenue growth concerns
Salesforce shares jumped more than 6 per cent in premarket trading on Thursday (Oct 16). This is after the company forecasted faster revenue growth in the coming years, easing concerns…
US: Wall St rises with TSMC results supporting renewed AI optimism
Wall Street’s main indexes opened higher on Thursday (Oct 16), driven by an upbeat quarterly update from TSMC that added to investor optimism around AI and extended a rally in chip stocks.…
Chinese data centre firm GDS aims to raise over US$1 billion for international unit DayOne: sources
GDS is aiming to build up DayOne into an independently run and separately listed unit in the mid to long term GDS Holdings, one of China’s largest data centre operators, is seeking to…
Breaking Barriers: Faster, Smarter, More Reliable Embedded Software
A lithography machine is a highly sophisticated piece of equipment used in semiconductor manufacturing to print extremely small patterns onto silicon wafers. These patterns form the…
Singapore shares dip 0.3%, even as regional markets rise
Shares on the Singapore bourse closed lower on Thursday (Oct 16), bucking the gains charted in most regional markets. The benchmark Straits Times Index (STI) slipped 0.3 per cent, or 12.22…
Investors call for greater disclosure in Toyota’s buyout of group company
Global investors have called on Toyota Motor to provide more disclosure about its planned buyout of group firm Toyota Industries, criticising what they said was “opaque” valuation and a…
UBS tightens scrutiny of client funds mainly in Singapore and Hong Kong amid regulatory pressure: sources
The Zurich-based lender is using Deloitte and KPMG to help screen client documentation UBS Group is increasing scrutiny of the sources of client money in its fast-growing Asian wealth…
Australian shares notch record closing high as jobless spike fuels rate-cut bets
Australian shares rose to a record close on Thursday (Oct 16), driven by strong gains in financials, property and gold stocks after an unexpected spike in unemployment bolstered views of…
Nestle to axe 16,000 jobs as new CEO targets sales growth
Nestle will cut 16,000 jobs, new chief executive officer Philipp Navratil said on Thursday (Oct 16), as the world’s largest packaged food company seeks to cut costs and win back investor…
Billions wiped off Nio’s market value as shares plunge 9.5% on news of GIC lawsuit
The Chinese EV maker and its top execs are being sued for ‘fraudulent recognition’ of at least US$600 million revenue Shares of Nio tumbled 9.5 per cent after Singapore’s sovereign wealth…
CLI’s self-storage unit invests close to S$100 million in Singapore flagship project, 3 Tokyo facilities
When completed, the local facility will expand ESA’s portfolio in the Republic to 13 properties with more than 1.5 million sq ft of gross floor area Extra Space Asia (ESA), the…
Thai banks face lending income hit as weak economy persists
Margins will be pinched as interest-income gains are further limited, compounded by weak lending and bad debt Four of Thailand’s largest banks are expected to post sharp declines in…
TSMC ADR premium tops two-decade high as global buyers pile in
Global investors are ramping up bets on Taiwan Semiconductor Manufacturing Company (TSMC) ahead of its earnings, confident that the world’s leading chip foundry will remain one of the…
Auditor for Dasmond Koh’s NoonTalk Media flags firm’s ability to continue as a going concern amid losses
The group incurs a net loss of nearly S$1.8 million and has net liabilities of S$396,000 The independent auditor for Catalist-listed NoonTalk Media has raised doubts about the group’s…
Indonesia sovereign wealth fund INA to trim exposure to infrastructure
Indonesia Investment Authority, one of the country’s two sovereign wealth funds, is looking to reduce its heavy reliance on infrastructure and diversify to real estate in the medium term.…
Industrial property developer Soon Hock Enterprise closes 0.9% below IPO price in mainboard debut
Industrial property developer Soon Hock Enterprise debuted on the mainboard of the Singapore Exchange (SGX) on Thursday (Oct 16), and closed 0.9 per cent below its initial public offering…
Gold hits record high as investors turn to safe haven
Investors anticipate a near-certain 25-basis-point rate cut at this month’s US Federal Reserve meeting, followed by another in December Gold hit a record high on Thursday (Oct 16) as…
Trump says Modi has assured him India will not buy Russian oil
US President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump said he would next try to get China to do the…
Food Innovators posts profit of S$200,000; turns profitable a year after Catalist debut
Restaurant operator Food Innovators announced on Wednesday (Oct 15) that it turned profitable for its first half of 2026 ended August, a year after its debut on the Catalist board in…
UK’s Reeves should go big on tax increases in November, think tank says
British finance minister Rachel Reeves should raise taxes by a lot in next month’s budget to exit the “Groundhog Day scenario” of continuously having to find measures to patch up the…
J&J faces first UK lawsuits alleging its baby powder caused cancer
Johnson & Johnson is facing the first lawsuits in Britain over allegations that its talc products cause cancer, as it fights tens of thousands of similar claims in the United States. The…