Business
Cathay Pacific warns of declining airfares and uncertain cargo outlook, shares fall 10%
Cathay Pacific Airways on Wednesday (Aug 6) warned of declining airfares, challenges at its budget carrier and uncertain cargo market…
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Business
Business
Cathay Pacific warns of declining fares and cargo uncertainty, shares fall
Cathay Pacific Airways warned on Wednesday (Aug 6) of declining airfares, challenges at its budget carrier and uncertain cargo market…
Business
EXCLUSIVE: Midi Health Is Expanding Beyond Its Medical Offering With Supplements for Midlife Support
Midi Health is entering the supplement market. The women’s health platform focused on midlife on Wednesday launched its supplement line,…
Business
Asia: Investors walk fine line as Trump tariffs temper rate hopes
Asian investors trod warily on Wednesday amid lingering uncertainty over Donald Trump’s trade war, while another round of data indicated…
Business
Top Singapore hedge fund Dymon Asia Capital ramps up Asia hires as regional funds find favour
US hedge fund giant Citadel and Singapore’s Dymon Asia Capital are adding talent in Asia, as they look to expand business in the region.…
Business
Nvidia reiterates its chips have no backdoors, urges US against location verification
Nvidia has published a blog post reiterating that its chips did not have backdoors or kill switches and appealed to US policymakers to…
Business
Wee Hur jumps 5%; shares soar over 14% this week on Australia lifting foreign student cap
Shares of student acccommodation operator Wee Hur rose on Wednesday (Aug 6) on news of Australia raising its cap on foreign students in…
Business
Wee Hur jumps 6.5%; shares soar over 15% this week on Australia lifting foreign student cap
Shares of student acccommodation operator Wee Hur rose on Wednesday (Aug 6), following news that Australia will raise its cap on foreign…
Business
Wee Hur jumps 6.5% to record high as Australia lifts cap on foreign students
Shares of student accommodation operator Wee Hur hit an all-time high on Wednesday (Aug 6), following news that Australia will lift its…
Business
Wee Hur jumps 6.5% to record high as Australia raises cap on foreign students
Shares of student accommodation operator Wee Hur hit an all-time high on Wednesday (Aug 6), following news that Australia will lift its…
Business
Seven & i details store opening targets for standalone plan
Seven & i Holdings said that it will open 1,300 new international stores, mainly in the US, in an update to its mid-term plan after…
Business
AMD’s China concerns overshadow upbeat sales forecast for AI
Advanced Micro Devices (AMD), the second-largest maker of artificial intelligence (AI) processors, said that the chipmaker’s return to the…
Business
Indonesian stocks near record high, unfazed by foreign selling
Indonesian stocks are closing in on an all-time high as booming domestic demand offsets a deluge of foreign outflows. Foreign investors…
Business
These 5 SGX listcos made it to Forbes Asia’s ‘Best Under A Billion’ list
Forbes Asia announced its 2025 “Best Under A Billion” list on Tuesday (Aug 5), which comprises 200 top-performing small and mid-cap firms…
Business
CapitaLand Integrated Commercial Trust raising S$600 million in private placement
CapitaLand Integrated Commercial Trust (CICT) on Wednesday (Aug 6) announced the launch of nearly 284.4 million new units to raise gross…
Business
Australia: Miners, banks propel shares to record high; RBA outlook in focus
AUSTRALIAN shares rose to a record peak on Wednesday, supported by strong performances among miners and banks, while investors almost…
Business
Gold extends gains on rate cut hopes, markets eye Fed appointments
Gold prices extended gains for a fifth straight session on Wednesday (Aug 6), helped by prospects of lower US interest rates, while…
Business
New Zealand labour market remains soft, adds to rate-cut expectation
New Zealand’s jobless rate rose slightly in the second quarter as the labour market remained soft, supporting the view that the central…
Business
Acrophyte Hospitality Trust H1 DPS falls 42.2% to US$0.00432 amid portfolio contraction, softer lodging demand
Acrophyte Hospitality Trust on Wednesday (Aug 6) posted a fall in distribution per stapled security (DPS) to US$0.00432 for its first…
Business
Sing Investments & Finance H1 net profit up 35% at S$21.7 million
Mainboard-listed Sing Investments & Finance (SingFinance) on Tuesday (Aug 5) posted net profit of S$21.7 million for its first half ended…
Business
JPMorgan tops foreign banks’ earnings in Japan on deals boom
organ Chase out-earned global rivals in Japan last year after capitalising on a dealmaking spree fuelled by the Asian nation’s push to…
Business
Stocks to watch: CICT, Keppel, Sats, F&N, MPACT, Parkway Life Reit
The following companies saw new developments that may affect trading of their securities on Wednesday (Aug 6): CapitaLand Integrated…
Business
Parkway Life Reit H1 DPU up 1.5% at S$0.0765 on new assets, higher rental contributions
Parkway Life Reit has raised its first-half distribution per unit (DPU) by 1.5 per cent to S$0.0765 from S$0.0754 in the previous…
Business
OpenAI releases free, downloadable models in competition catch-up
OpenAI on Tuesday released two new artificial intelligence (AI) models that can be downloaded for free and altered by users, to challenge…