Business
Ether leads weekend crypto rally as treasury buyers boost token
The rise comes off the back of mounting interest in the second-ranked cryptocurrency among large investors Second-ranked cryptocurrency…
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Business
Business
Hyflux founder, ex-CEO Olivia Lum was determined to win Tuaspring bid, prosecution says
Hyflux’s founder and former chief executive (CEO) Oliva Lum was determined that Hyflux win the Tuaspring integrated water and power…
Business
Chinese flu shot maker soars in Hong Kong trading debut
Ab&B is also the last company to go public in the city under listing rules that allowed retail investors to grab as much as half of all…
Business
Philippine central bank governor confident inflation will hit 2% in 2025
The Philippine central bank is confident of achieving a 2 per cent inflation rate this year, the lower end of its 2 per cent to 4 per cent…
Business
Philippine central bank signals August rate cut
— The Philippine central bank signalled on Monday (Aug 11) that it may deliver the first of two remaining interest rate cuts this year at…
Business
Gold slips as dollar firms, investors book profit; US data on tap
Gold prices slipped on Monday (Aug 11) as the US dollar strengthened and some investors locked in profits after a recent rally, with…
Business
Lithium prices and stocks jump after CATL halts major China mine
Chinese lithium prices and shares of Australian-listed producers of the metal jumped after Contemporary Amperex Technology Co Limited…
Business
Lithium market erupts as CATL shuts one of world’s biggest mines
Lithium prices and stocks spiked on Monday (Aug 11) after battery giant Contemporary Amperex Technology Co Limited (CATL) halted…
Business
CapitaLand Ascendas Reit proposes first UK logistics developments for an estimated S$350.1 million
CapitaLand Ascendas Reit (Clar) is proposing to launch its first logistics developments in the UK at an estimated total investment cost of…
Business
CapitaLand Ascendas Reit proposes first UK logistics developments for about S$350.1 million
CapitaLand Ascendas Reit (Clar) is proposing to launch its first logistics developments in the UK at an estimated total investment cost of…
Business
SK Hynix expects AI memory market to grow 30% a year to 2030
South Korea’s SK Hynix forecasts that the market for a specialised form of memory chip designed for artificial intelligence will grow 30…
Business
Keppel proposes M1 telco divestment to Simba Telecom for S$1.4 billion
Keppel announced on Monday (Aug 11) its proposed divestment of M1’s telco business to Simba Telecom for an enterprise value (EV) of around…
Business
S$1.4 billion sale of M1’s telco business to Simba ‘important’ despite S$222 million accounting loss: Keppel CEO
Keppel’s planned sale of M1’s telco business is expected to result in a S$222 million accounting loss, but the move is “important” for…
Business
China reshuffles soy trade to counter local glut and US tensions
China has long worried about its shortage of soybeans, solidifying its status as the world’s biggest buyer to the benefit of farmers from…
Business
Stocks to watch: CICT, Keppel, Clar, Thomson Medical, Zheneng Jinjiang Environment
The following companies saw new developments that may affect trading of their securities on Monday (Aug 11): CapitaLand Integrated…
Business
Zheneng Jinjiang Environment H1 profit up 60.5% at 332 million yuan
Its revenue stood at 1.82 billion yuan, a marginal increase of 0.6 per cent from 1.81 billion yuan in H1 2024 China-based waste treatment…
Business
SoftBank selects banks for US IPO of payments app PayPay, sources say
SOFTBANK has selected investment banks to help organise a potential initial public offering in the United States for its Japanese payments…
Business
BHP leads steelmaker venture in Asian carbon capture storage
The study is expected to conclude in 2026 and will focus on sites in Asia or Northern Australia The world’s biggest miner, BHP Group, will…
Business
‘It’s an expanding pie’: Salesforce sees Asia-Pacific as top growth region
Salesforce expects Asia-Pacific to remain its fastest-growing region by revenue in the coming years, as the software giant deepens its…
Business
Singapore banks’ interest margins narrow in Q2, but DBS edges ahead
Singapore’s three local banks suffered compressed net interest margins (NIMs) in the second quarter of FY2025, as falling benchmark rates…
Business
Nasdaq 100 riding bullish breakout amid mixed macro winds
The Nasdaq 100 Index (NDX) has extended its strong advance into August 2025, with the uptrend from April still firmly intact. The index’s…
Business
SingPost’s sale of its Australia business raises questions about its long-term strategic direction
At Singapore Post’s (SingPost) annual general meeting (AGM) on Jul 23, its outgoing chairman Simon Israel hailed the divestment of the…
Business
Palantir’s 2,500% run has bulls scrambling to justify valuation
Palantir Technologies’ meteoric rise is pushing the company’s valuation further into record territory, forcing bullish investors to bank…
Business
Nvidia, AMD to pay 15% of China chip sale income to US: report
Nvidia and Advanced Micro Devices (AMD) agreed to pay 15 per cent of their revenues from chip sales to China to the US government as part…