Business
Stocks to watch: Yangzijiang Financial, Marco Polo Marine, China Medical Systems, Clearbridge Health
The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 19): Yangzijiang Financial: The…
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Business
Foxconn’s Apple era fades as AI servers drive growth in Taiwan tech sector
Taiwan’s Foxconn, which rose to become a global tech manufacturing juggernaut by assembling millions of iPhones, can now say its main…
Business
SoftBank to invest US$2 billion in Intel as part of US push
SoftBank Group agreed to buy US$2 billion in Intel stock, a move that extends its US investment effort and offers a vote of confidence in…
Business
SoftBank makes surprise US$2 billion bet on Intel’s AI revival
SoftBank Group agreed to buy US$2 billion of Intel stock, a surprise deal to shore up a struggling US name while boosting its own chip…
Business
Australian biotech giant CSL to spin off vaccine unit Seqirus, cut 15% of workforce
While the Melbourne-based company employs around 32,000 people, no firm number was put on the job cuts Australian biotech giant CSL said…
Business
Marco Polo Marine Q3 gross profit slides 4% to S$14 million
Integrated marine logistics company Marco Polo Marine posted a 4 per cent decline in gross profit to S$14 million for its third quarter…
Business
Marco Polo Marine Q3 gross profit slips 4% to S$14 million
Integrated marine logistics company Marco Polo Marine’s gross profit dipped 4 per cent to S$14 million for its third quarter ended Jun 30,…
Business
BHP posts smallest annual profit in five years on lower iron ore prices
BHP Group reported its smallest annual underlying profit in five years and its lowest dividend in eight years on Tuesday, but said demand…
Business
Goldman Sachs targets richest families in Australia expansion
Goldman Sachs plans to expand its private wealth management team in Australia to capture a boom in self-made multi-millionaires and family…
Business
RBNZ seen resuming rate cuts as focus shifts to wilting economy
New Zealand’s central bank is expected to cut interest rates this week, resuming its easing cycle after a pause in July as the economy…
Business
Former Yangzijiang Financial CEO Vincent Toe’s ICH Group seeks to give Singapore’s small and mid-cap IPO market a leg up
Vincent Toe, the former chief executive of Yangzijiang Financial, understands the challenges that companies with small-to-mid market…
Business
Volkswagen Delivers 1.5 Millionth ID. EV as Global Sales Surge
Volkswagen Delivers 1.5 Millionth ID. EV as Global Sales Surge originally appeared on Autoblog. Volkswagen has officially delivered its…
Business
US: Stocks little changed as European leaders meet Trump
Wall Street’s major indexes were little changed on Monday as traders awaited the outcome of talks involving Ukraine’s Volodymyr Zelensky,…
Business
Vietnam Rolls Out Ambitious Infrastructure Plan for Economic Expansion
Vietnam has launched an ambitious plan for housing and infrastructure development, supported by investments equal to 10% of its GDP. This…
Business
Car Bursts into Flames on Bukit Timah Road; SMRT Bus Driver Attempts to Extinguish Fire
A car caught fire in Bukit Timah Road on Sunday, August 17, while a bus driver was seen trying to put the flames out. The Singapore Civil…
Business
Nearly 90% of videogame developers use AI agents: Google study
A Google Cloud survey showed that 87 per cent of videogame developers are using artificial intelligence agents to streamline and automate…
Business
US: Wall Street opens flat, focus on retail earnings and Fed summit
Street’s main indices were subdued at the open on Monday (Aug 18), in a quiet start to a week packed with corporate earnings reports from…
Business
Yangzijiang Financial to anchor S$100 million fund of firm led by ex-CEO Vincent Toe
Yangzijiang Financial will be the anchor investor in a S$100 million fund by ICH Asset Management (ICHAM), which is led by the…
Business
Clearbridge Health raises S$1.98 million in placement backed by Azure Capital
Clearbridge Health has raised S$1.98 million in a placement backed by Singapore fund manager Azure Capital, among other investors, amid…
Business
Using Tax Incentives to Improve Our Economic Statistics | National Review
Higher participation rates, as well as more timely and accurate responses, are necessary to improve the performance of our economic…
Business
China stocks rally to decade-high on easing tariff tensions, fund rotation
China stocks closed at their highest level since 2015 on Monday (Aug 18), extending a months-long rally driven by easing trade tensions…
Business
Foxconn and SoftBank to make data centre equipment in Ohio for Stargate project
Foxconn’s said on Monday (Aug 18) it plans to manufacture data centre equipment with Japan’s SoftBank at the Taiwanese firm’s former…
Business
Watchmaker Swatch apologises for ‘slanted eye’ ad after online backlash in China
The criticism over the advert is the latest setback for the watchmaker whose shares have fallen by more than half since early 2023 and now…
Business
Bank of Singapore launches alternative option to single-family offices for ultra-high-net-worth individuals
The Bank of Singapore Family Office Catalyst allows for advantages traditionally associated with a single-family office, without the need…