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…
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Business
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…
Business
Citigroup lifts S&P 500 year-end target to 6,600
Citigroup raised its year-end target for the S&P 500 index to 6,600, betting on US President Donald Trump’s tax and spending bill boosting…
Business
Singapore Flyer operator Straco H1 profit down 49% at S$5.4 million
Tourist attraction developer and operator Straco has posted a 49 per cent decrease in net profit to S$5.4 million for the first half ended…
Business
SBS Transit H1 net profit falls 7.7% to S$31.1 million
SBS Transit recorded a net profit of S$31.1 million for the first half of 2025, 7.7 per cent lower than the year-ago period. Revenue fell…
Business
‘Not the marriage we expected’: analysts surprised by Simba’s acquisition of M1
The surprising union of M1 and Simba Telecom has left StarHub behind its competitors, analysts said. The deal defied industry expectations…
Business
Malaysia’s Petronas to boost international portfolio to 60% over next decade
The firm will build on its current international portfolio by integrating its domestic expertise with global partnerships Malaysia’s state…
Business
SIA to adjust conversion price of 1.625% convertible bonds in view of dividend
The revised amount of S$4.6761 takes into account the final dividend per share of S$0.30 National carrier Singapore Airlines (SIA) will…
Business
Hong Kong allowing listing applicants more privacy sparks wave of confidential filings
At least two dozen Chinese companies have confidentially filed for listing in Hong Kong this year and more are preparing to do so, two…
Business
Singapore stocks fall amid cautious market sentiment; STI down 0.2%
Local shares closed lower on the first trading day of the week, tracking a mixed performance across Asian markets, as investors braced for…
Business
Record short against Maersk backfires in trade-war defying rally
Shorting the stock of the world’s largest listed shipping company during a global trade war may seem like a sure bet. But the investors…
Business
India’s RBI said to have sold at least US$5 billion to boost rupee
If the trend persists, it could become RBI’s largest month of net dollar sales since January India’s central bank sold US dollars across…
Business
SGX trading liquidity jumps in July as volume done surges 44% to three-month high of 39 billion units
The Singapore Exchange Group (SGX Group) reported a three-month high in the trading value and volumes of its key products in July, as the…
Business
Goodyear India's Q1 profit falls on weak auto demand
Tyre maker Goodyear India reported a 43.6 per cent fall in first-quarter profit on Monday (Aug 11), hurt by dampened automobile demand.…
Business
Keppel DC Reit proposes sale of M1-issued NetCo bonds, preference shares
The manager of Keppel DC Real Estate Investment Trust (Reit) on Monday (Aug 11) proposed the disposal of all its NetCo bonds and…
Business
Currency traders focus on Australian dollar and euro for bearish US dollar bets
Options traders are using currencies such as the Australian dollar and euro to express bearish US dollar views after recent disappointing…