Business
Underpinned by rate-cut optimism, STI, DBS break records
Benchmark index closes up 1.7% at 4,395.21 points; lender advances 2.4% to S$52.84 The blue-chip gauge of the Republic, the Straits Times…
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Business
Business
Barclays hires 3 private bankers from JP Morgan, LGT, Deutsche Bank for Singapore
British lender also relocates senior banker from London as it expands coverage across Asia Barclays Private Bank in Singapore has hired…
Business
South Korea’s property market rally clouds case for central bank rate cut
South Korea’s property market extended its rally to a 35th week, with price gains accelerating despite government measures to cool demand…
Business
New clients will drive ESG revival: UBS wealth executive
A new wave of investors and private banking clients are increasingly demanding sustainable solutions for their portfolios, according to a…
Business
‘Not goodbye but see you soon’: Gong Cha to relaunch in Singapore in 2026, says global CEO
Bubble tea brand Gong Cha will be relaunching in Singapore in 2026 with new franchisees, its global chief executive said on Thursday (Oct…
Business
Dealmakers see Apac getting back on track after big M&A misses
Multinationals are reviewing their global assets; private equity firms pressured to return money to investors Rainmakers in Asia-Pacific…
Business
Asia: Markets surge on US rate hopes, tech fired by chip deal
Tech companies have been at the forefront of a surge across markets this year as investors pile into all things linked to artificial…
Business
Renault weighs making cars with China’s Chery in South America
Renault and China’s Chery Automobile are in talks to partner on carmaking and sales in South America as both manufacturers pursue growth…
Business
Indonesia’s central bank faces growing threats to independence
As governments look to raise spending and borrow more, investors have reacted by selling longer-dated bonds in US, Europe and Japan…
Business
Apple shelves Vision headset revamp to prioritise Meta-like AI glasses
Apple has hit pause on a planned overhaul to its Vision Pro headset to redirect resources towards a more urgent effort: developing smart…
Business
Cordlife tumbles 18% following notice of potential one-year suspension
The group says it is assessing the risks and uncertainties which could affect its ability to continue as a going concern Shares of…
Business
Nio’s deliveries rise 64.1% to 34,749 in September, led by mass-market Onvo brand
Chinese electric vehicle (EV) maker Nio delivered 34,749 vehicles in September, its delivery update released on Wednesday (Oct 1)…
Business
Samsung, SK Hynix shares climb after chips deal with OpenAI
As part of the agreement, the partners will help Seoul develop a domestic AI ecosystem, something many governments are exploring to try…
Business
Cordlife weighs ability to continue as a going concern as potential one-year suspension looms
If the halt takes effect, the cord-blood bank will continue to incur fixed fees and other operating expenses while business activities…
Business
S-Reits: Analysts are positive on prospect of more rate cuts, giving top picks
Expected US rate cuts of 125 basis points from September 2025 to March 2026 ‘augur well’ for S-Reits, says Citi Further US Fed interest…
Business
Starbucks, Burger King overhaul China strategies
The coffee giant has positioned itself as a premium coffee brand in China since entering the market in 1999 STARBUCKS and Burger King are…
Business
Stocks to watch: Yangzijiang Financial, Cordlife, mm2 Asia, Nio
The following companies saw new developments that may affect trading of their securities on Thursday (Oct 2): Yangzijiang Financial: The…
Business
Yahoo nears deal to sell AOL to Italy’s Bending Spoons for US$1.4 billion
Yahoo is in advanced talks to sell AOL to Italian technology company Bending Spoons for about US$1.4 billion, four sources familiar with…
Business
China is back on the radar of European pension funds, endowments
Chinese markets are booming on increased optimism over technology breakthroughs and the economy, as well as a shift out of the US European…
Business
STI's 10 best performing stocks for Q3
Leading the pack on the index are Yangzijiang Shipbuilding, CDL and DFI Retail Group The Straits Times Index (STI) kept steady in the…
Business
US: Wall Street closes higher as investors shrug off jobs data, US shutdown
Wall Street’s main stock indexes rose on Wednesday (Oct 1), with strong support from the healthcare sector, despite weaker-than-expected…
Business
Europe: Shares close at record high as healthcare outperforms; US shutdown in focus
The absence of data is expected to increase volatility in markets and potentially impair the Federal Reserve’s ability to gauge the…
Business
Canada’s Holt Renfrew Names Franco Savastano President and CEO
Holt Renfrew, Canada’s leading luxury retailer, has named Franco Savastano president and chief executive officer. Savastano is an…
Business
Yangzijiang Financial pumps 1.02 billion yuan in lithium battery producer Ningbo Shanshan’s restructuring
The investment by the group and two of its investors gives them effective voting rights of 23.4 per cent in the lithium battery producer…