Business
Buybacks take backseat as AI drives record US capex spending
INVESTORS are increasingly favouring US companies that channel capital towards AI innovation over those offering traditional shareholder…
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Business
Business
As Fed prepares to cut rates this week, all eyes are on outcome of Trump-Xi meeting in Seoul
The prospect of a trade deal between Washington and Beijing has raised hopes of prices of goods coming down ahead of the holiday season…
Business
'EXO is 9' Trends Online; SM Entertainment Receives Backlash After EXO Announces Fan Meeting
EXO is 9 trends online as EXO-Ls criticize SM Entertainment after announcing the upcoming year-end fan meeting of EXO titled EXO'verse…
Business
Singapore stocks track regional gains on Monday; STI up 0.4%
Local stocks ended higher on Monday (Oct 27), tracking gains in the region. The benchmark Straits Times Index rose 0.4 per cent or 18.09…
Business
iX Biopharma shares jump 35% on potential US, Australia listing plans
Shares of Singapore-based speciality pharmaceutical and nutraceutical company iX Biopharma jumped 35.1 per cent to S$0.127 on Monday (Oct…
Business
Amazon to invest US$1.6 billion in Dutch operation
Amazon plans to invest US$1.63 billion in the Netherlands over the next three years, the company said on Monday (Oct 27). The investment…
Business
Les Deux Expands in Europe and U.S. With Paris Flagship and New York Distribution Hub
PARIS — Les Deux, the Danish menswear brand with the French name, has planted its flag in the Marais. It’s the brand’s first flagship…
Business
Jurong Island’s ‘balancing act’: Going green while sustaining jobs and growth
The petrochemical hub’s transition comes amid the oil down-cycle and a looming carbon tax hike As Singapore’s Jurong Island embarks on a…
Business
Banks not told of power plant when it gave in-principle loan commitment to Tuaspring project: witness
Consortium sends18 questions to company upon finding out about the higher-risk power plant The consortium of banks which considered…
Business
Banks not told of power plant when they gave in-principle loan commitment to Tuaspring project: witness
Consortium sends18 questions to company upon finding out about the higher-risk power plant The consortium of banks which considered…
Business
Banks not told of power plant when they gave in-principle loan commitment to Hyflux’s Tuaspring project: witness
Consortium sends18 questions to company upon finding out about the higher-risk power plant The consortium of banks which considered…
Business
Eurozone to get hard data on tariff damage as ECB sets rates
Europe’s largest economy is under the spotlight as Chancellor Friedrich Merz tries to engineer a recovery from two years of contraction…
Business
Luxury brands turn on the charm in China to kindle nascent spending recovery
As Chinese shoppers dip toes back in the luxury pool, brands are targeting economically resilient high-earners with distinctive,…
Business
Dasmond Koh’s NoonTalk Media defends strategy amid going concern warning
Auditors flagged a ‘material uncertainty related to going concern’ earlier this month, after the group incurred a net loss of S$1.8…
Business
Toyota’s September output grows for fourth stright month, aided by strong US demand
Toyota Motor on Monday said its worldwide production increased by more than 10 per cent in September and rose for a fourth straight month,…
Business
Toyota’s September output grows for fourth straight month, aided by strong US demand
Toyota Motor on Monday said its worldwide production increased by more than 10 per cent in September and rose for a fourth straight month,…
Business
Meituan seeks to raise US$3 billion in dual-currency bond sale
The company operates online platforms for food delivery and other consumer products Meituan plans to raise around US$3 billion in what…
Business
Philippine central banker sees more easing as graft woes weigh
The Philippine central bank may cut its key interest rate again in December and further next year, as the economic fallout from a…
Business
Hong Kong Jockey Club sells US$1 billion portfolio to Canada firm
The entity has multiple exclusive legal betting licenses granted by the government on activities including horse racing and football…
Business
Asia: Stocks surge on US-China trade deal breakthrough
ASIAN equities surged on Monday as investors cheered a breakthrough in US-China trade talks that set the stage for leaders Donald Trump…
Business
Huawei EV partner Seres seeks HK$13.2 billion in Hong Kong listing
Seres Group started taking investor orders for a Hong Kong listing that may raise as much as HK$13.2 billion (S$2.2 billion), making the…
Business
SoftBank-backed Lenskart IPO to raise as much as 72.8 billion rupees
The eyewear retailer is the latest big name to go public in the country, coming on the heels of two billion-dollar IPOs this month Eyewear…
Business
Gold dips on stronger dollar, US-China trade deal hopes
The US Federal Reserve is widely expected to cut interest rates by a quarter percentage point at its meeting on Wednesday Gold prices fell…
Business
New Aster unit inks Sembcorp Solar deal for power worth 17,000 cars’ emissions
The new unit, Aster Power, will focus on advancing power and steam generation, as well as renewable power solutions across Aster’s assets…