Business
Australia’s central bank cuts rates to two-year low of 3.6%
Australia’s central bank on Tuesday cut its main cash rate by a quarter point to a two-year low of 3.60 per cent, citing a slowdown in…
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Business
RBA cuts interest rates, signals more to come as inflation slows
Australia’s central bank cut interest rates on Tuesday (Aug 12) for a third time this year and signalled further policy easing might be…
Business
China Everbright Water H1 net profit slips 3% to HK$563.8 million on revenue decline
Dual-listed China Everbright Water on Tuesday (Aug 12) posted net profit of HK$563.8 million (S$92.4 million) for the six months ended Jun…
Business
Citigroup hires Goldman, Millennium alum for Asia prime finance
Citigroup hired Goldman Sachs and Millennium Management alumnus Jignesh Patel as Asia-Pacific prime finance head, as it seeks to expand…
Business
Musk says xAI to take legal action against Apple over App Store rankings
IONAIRE Elon Musk said on Monday his artificial intelligence startup xAI would take legal action against Apple, accusing the iPhone maker…
Business
Asia: Most markets rise as China-US truce extended, inflation in focus
Asian markets mostly rose on Tuesday as investors welcomed the extension of a China-US tariff truce but looked ahead apprehensively to the…
Business
Spirit Airlines issues going concern as it faces cash crunch
Spirit Airlines warned investors it may not survive as a going concern if it cannot raise cash quickly enough to satisfy creditors. The…
Business
Gold prices edge higher as spotlight shifts to US inflation data
Trump has signed an executive order extending a pause in sharply higher US tariffs on Chinese imports for another 90 days, a White House…
Business
Star Entertainment reaches deal to sell 50% stake in Brisbane resort to Hong Kong investors
RALIA’S Star Entertainment said on Tuesday it had reached a deal with its Hong Kong-based partners to sell its 50 per cent stake in the…
Business
PropNex tumbles 5.6% as investors take profit on news of record interim profit and dividend
The property group reports a 122.4% increase in net profit for the first half of 2025 Shares of property group PropNex tumbled minutes…
Business
PropNex gains 1.9% on news of record interim profit and dividend
The property group reports a 122.4% increase in net profit for the first half of 2025 Shares of property group PropNex ended 1.9 per cent…
Business
Stocks to watch: StarHub, SIA, Keppel Reit, Bumitama Agri, Straco, FLCT, SBS Transit, PropNex
The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 12): StarHub: The telco on…
Business
Bumitama Agri H1 net profit up 47.8% at 1.27 trillion rupiah on higher revenue
Indonesian palm oil producer Bumitama Agri on Tuesday (Aug 12) posted a 47.8 per cent rise in net profit to 1.27 trillion rupiah (S$100.2…
Business
PropNex H1 profit doubles to new high of S$42.3 million; declares record interim dividend of S$0.05
Real estate agency PropNex reported a record net profit of S$42.3 million for its first half-year ended Jun 30, more than double from the…
Business
Vietnam’s richest man shifts strategy after US$14 billion bet on EVs
Pham Nhat Vuong spent billions of US dollars on an unsuccessful push to turn his upstart electric automaker into a major player in the US…
Business
Telco consolidation continues as StarHub buys rest of MyRepublic Broadband for S$105.2 million
StarHub has purchased the rest of MyRepublic’s broadband business that it did not already own for a consideration of S$105.2 million, the…
Business
Ultra wealthy are piling into a centuries-old gold trade in Asia
In Asia’s ultra-wealthy circles, some family offices are now bypassing the middlemen and jumping into the gold business itself. They are…
Business
Trump holds high-stakes meeting with Intel CEO after calling for his resignation
US PRESIDENT Donald Trump said he met with Intel CEO Lip-Bu Tan on Monday, days after seeking his resignation, praising Tan and calling…
Business
Do Kwon may plead guilty in US case over US$40 billion Terraform collapse
Terraform Labs co-founder Do Kwon may plead guilty in a US fraud case tied to the US$40 billion collapse of the TerraUSD stablecoin in…
Business
US Fed chair search expands to include Bowman, Jefferson and Logan
The US Federal Reserve’s two vice-chairs, Michelle Bowman and Philip Jefferson, and Dallas Fed president Lorie Logan are under…
Business
US: Stocks slump ahead of key US inflation report
Wall Street stocks tumbled on Monday on investor trepidation ahead of key US inflation data, despite news reports that President Donald…
Business
FLCT prices S$100 million notes due 2034 at 2.45%
The notes, rated “BBB+” by S&P, will be issued on Aug 15 under the Reit’s S$1 billion multi-currency debt issuance programme Frasers…
Business
Global Stocks Rise Slightly with Rate Cuts and Trade Talks Ahead
Asian markets rose slightly in the week, ending on corporate earnings and optimism for interest rate cuts. The cash market in Japan is…
Business
US: Wall St opens flat as chip stocks dip on China sales deal
Wall Street’s main indexes opened flat on Monday (Aug 11) as major chip companies slipped on the eve of a key tariff deadline after a…