Business
Hyflux got only S$150 million bank loan for S$890 million project because of cash flow concerns
Even after Hyflux won its bid for the S$890 million Tuaspring project in March 2011, it managed to secure only a S$150 million bank loan.…
Section
Business
Business
Gold extends record run as US rate-cut bets lift appeal
Gold prices extended their record run on Wednesday (Sep 3), holding firm above the key US$3,500 level, driven by growing investor…
Business
JPMorgan to boost corporate banking in India on investment jump
JPMorgan Chase is strengthening its corporate banking presence in India, focusing on sectors such as electric vehicles, data centres, and…
Business
Nestle CEO switch a chance to reset: experts
NESTLE’S sudden sacking of its chief executive over an office relationship gives the Swiss food giant a chance to reset and return to its…
Business
Google keeps Chrome and Apple deal but must share data in big antitrust ruling
GOOGLE won’t have to sell its Chrome browser, a judge in Washington said on Tuesday, handing a rare win to Big Tech in its battle with US…
Business
EV maker Nio posts 0.3% wider Q2 net loss of 5.1 billion yuan despite top-line growth
Chinese electric vehicle (EV) maker Nio announced on Tuesday (Sep 2) that its net loss deepened by 0.3 per cent on the year to 5.1 billion…
Business
Stocks to watch: Nio, Keppel Infrastructure Trust, Centurion, Boustead, mm2 Asia
The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 3): Nio: The electric vehicle…
Business
Ikea to drive China furniture costs lower as price war deepens
Ikea pledged to keep prices lower at its China stores, as the world’s largest furniture retailer courts thriftier buyers and seeks to fend…
Business
China’s rich return to risky ‘snowball’ derivatives for yields
China’s wealthy are once again pouring money into “snowball” derivatives for juicier returns, a year after the regulator curbed the…
Business
Who will be next to lead Temasek, and is there enough time for them to come up to speed?
Temasek Holdings executive director and chief executive Dilhan Pillay last week made clear that the Singapore investment company is paving…
Business
Blackstone to invest in South Korean hair care business Juno
The investment underscores the broader appeal of K-beauty to private equity firms, as they seek to capitalise on the growth of South…
Business
Europe: Stoxx 600 ends near one-month low as bond yields rise on fiscal woes
EUROPEAN shares finished near one-month low on Tuesday after a broad-based selloff, driven by a rise in bond yields as investors grew…
Business
US: Stocks retreat as trade uncertainty drags on
Wall Street stocks retreated on Tuesday after a US court ruling threw fresh uncertainty over President Donald Trump’s trade policy. Trump…
Business
Apple gains on US ruling that spares search deal with Google
Apple shares gained in late trading after a US judge stopped short of barring its lucrative search arrangement with Google, a deal that…
Business
US pulls TSMC’s waiver for China shipments of chip supplies
The US has revoked Taiwan Semiconductor Manufacturing Co’s (TSMC) authorisation to freely ship essential gear to its main Chinese…
Business
Google won't be forced to sell its Chrome browser, judge rules
A federal judge ruled Tuesday against the U.S. government’s proposal that Google should sell its Chrome web browser to restore competition…
Business
Salesforce CEO Marc Benioff says he cut 4,000 support roles because of AI
Artificial intelligence already is replacing certain jobs at technology companies. Last week, Salesforce Chief Executive Marc Benioff said…
Business
Popular European Budget Airline Slashes Seating, Hikes up Fees
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting…
Business
Centurion unit acquires Johor dorm operator for RM110.8 million, ups bed capacity by 25%
A unit of dormitory operator Centurion Corporation has acquired another dormitory operator in Johor for RM110.8 million (SG$33.2 million),…
Business
Whisky maker Suntory’s CEO resigns after possible purchase of illegal supplements
Suntory Holdings CEO Takeshi Niinami, one of Japan’s best-known business leaders, has resigned from the beverage group following a police…
Business
US: Wall St opens lower on tariff uncertainty; focus on data
Wall Street’s main indexes opened lower on Tuesday (Sep 2), as investors returning from a long holiday weekend worried about the legality…
Business
Boustead applies on behalf of UIB Holdings for IPO and listing of Reit that includes its assets
IPO portfolio is proposed to include Boustead’s stakes in some of its Singapore logistics and industrial real estate assets Boustead…
Business
Boustead files for listing of Reit holding its Singapore logistics and industrial assets
The engineering and technology group said in a bourse filing on Tuesday (Sep 2) that its application is on behalf of UIB Holdings, which…
Business
Green by Decibel: How Nishitha Turned Quiet Data into Lower CO₂
A Problem Hiding in Plain Sound More than one billion gallons of diesel burn away each year while long-haul trucks sit idling at rest…