Business
Toyota CEO Sato to step down, to be replaced by CFO Kon
Toyota Motor chief executive Koji Sato will step down, the world’s largest automaker said on Friday, and will be replaced by the…
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Business
Business
Kuok Maritime Group’s PaxOcean opens S$200 million Jurong shipyard
Kuok Maritime Group subsidiary PaxOcean on Friday (Feb 6) opened a S$200 million shipyard at 5 Jalan Samulun. The company falls under…
Business
Kuok Maritime Group’s PaxOcean opens S$200 million Jalan Samulun shipyard
Kuok Maritime Group subsidiary PaxOcean on Friday (Feb 6) opened a S$200 million shipyard at 5 Jalan Samulun. The company falls under…
Business
Luckin Coffee’s PE owner gains more control over Chinese chain
The company’s American depositary receipts have gained 24% in the past 12 months Centurium Capital consolidated its holding in Luckin…
Business
Who Is Derrick Callella? Man Who Sent Bitcoin Ransom Note to Nancy Guthrie's Family Is Ex-LA County Staff Who Stole Unemployment Benefits
A California man accused of sending fake ransom messages to the family of Savannah Guthrie regarding her missing mother has been arrested…
Business
Singapore bets on K-pop’s soft power for long-term tourism and branding gains
Upcoming BTS concerts expected to lift tourism, though economic impact may be shy of Taylor Swift’s Eras tour effect Exclusive concert…
Business
Gold, silver extend losses on global tech rout, firmer dollar
Investors expect at least two 25-basis-point rate cuts in 2026, with the first one expected in June Gold and silver extended losses on…
Business
Inside Singapore’s largest silver vault: How is the metal stored and handled?
It’s not just gold; interest in silver has also picked up among investors here and globally. The white metal’s price crossed US$100 per…
Business
AI race sends Big Tech’s capital spending to stratospheric high
Each tech giant has laid out a slightly different route to recouping their investments Four of the biggest US technology companies…
Business
Singapore, Asia markets bleed as Wall Street rout deepens; YZJ Shipbuilding sinks 5.6%
Shipbuilder’s shares likely affected by a drop in Maersk earnings, potential layoffs Asian markets took a beating at their open on Friday…
Business
Singapore, Asia markets mostly down at midday after Wall Street rout; YZJ Shipbuilding sinks 5.6%
Shipbuilder’s shares likely affected by a drop in Maersk earnings, potential layoffs Asian markets took a beating at their open on Friday…
Business
Singapore, Asia markets mostly down after Wall Street tech rout
Asian markets largely ended the week in the red on Friday (Feb 6), taking the cue from the US markets on Thursday where tech stocks and…
Business
BYD’s US$60 billion wipeout points to deeper turmoil for China EVs
The company shares now trade at around 15 times forward earnings estimates, below their three-year average of 18 A relentless sell-off in…
Business
South Korea’s ETF boom puts assets on track to overtake Taiwan
The two tech-heavy Asian markets have been a focal point in recent years, thanks to a global frenzy sparked by the rise of AI In yet…
Business
Stocks to watch: CICT, Nio, Clar, CDL, HPH Trust, Low Keng Huat, First Reit
The following companies saw new developments that may affect trading of their securities on Friday (Feb 6): CapitaLand Integrated…
Business
Roblox forecasts strong annual bookings as gaming platform momentum grows
Roblox forecast fiscal 2026 bookings of between US$8.28 billion and US$8.55 billion, above estimates OX forecast fiscal 2026 bookings…
Business
Winklevosses’ Gemini to cut jobs, scale down in crypto retreat
The twins have donated millions of US dollars to causes supporting US President Donald Trump and the Republican party The crypto exchange…
Business
Rio walks away from Glencore mega merger on price impasse
The idea of a combination of the two companies has been discussed several times over more than a decade Rio Tinto Group is walking away…
Business
Margin relief lifts outlook for DBS, OCBC and UOB, extending Singapore bank rally
Sentiment remains largely positive on the sector amid resilient asset quality, steady capital returns The three local banks may be nearing…
Business
News Corp beats quarterly revenue estimates on growth in Dow Jones unit
Corp beat Wall Street estimates for second-quarter revenue on Thursday, bolstered by growth in its Dow Jones, digital real estate and book…
Business
Michael Saylor’s crypto project pounded after US$12.4 billion loss
Bitcoin’s plunge below US$65,000 is intensifying the crisis rocking the digital-asset complex, and few companies are more exposed than…
Business
Reddit forecasts revenue above estimates as AI fuels ad sales
IT forecast first-quarter revenue above analysts’ estimates on Thursday (Feb 5), as artificial intelligence-powered enhancements to its ad…
Business
Amazon says it will spend US$200 billion this year on AI build-out
Amazon.com said that it plans to spend US$200 billion this year on data centres, chips and other equipment, worrying investors the…
Business
Bitcoin plummets, driving US$2 trillion tumble in crypto market value
Bitcoin plunged on Thursday, its decline accelerating amid weakening risk sentiment driven in part by volatility in precious metals and a…