Business
European shares rebound after Friday’s selloff, Swiss stocks fall
EUROPEAN shares closed higher on Monday, rebounding from six-week lows as a surge in banking stocks offset a decline in Swiss shares…
Section
Business
Business
Europe: Shares rebound after Friday’s selloff, Swiss stocks fall
EUROPEAN shares closed higher on Monday, rebounding from six-week lows as a surge in banking stocks offset a decline in Swiss shares…
Business
Palantir reports revenue up 48%, cites ‘astonishing’ AI impact
Palantir Technologies reported a 48 per cent increase in revenue for the second quarter to more than US$1 billion, citing the “astonishing…
Business
US: Stocks rebound as markets shrug off economic worries
Wall Street stocks rallied on Monday as investors jumped on a market pullback, shrugging off economic worries and focusing on the rising…
Business
Amazon cuts 110 jobs in reorganization of Wondery audio division
Amazon on Monday said it is cutting 110 roles from its audio division Wondery as part of a restructuring effort. The cuts reflect an…
Business
RevPAR is mixed across Frasers Hospitality Trust’s markets in Q3
Frasers Hospitality Trust saw its revenue per available room (RevPAR) drop in three of the five key markets in which it operates for the…
Business
Lendlease Global Commercial Reit posts 1.8% higher DPU of S$0.018 for H2 FY2025
Lendlease Global Commercial Real Estate Investment Trust (Reit) posted a marginal improvement of 1.8 per cent in its distribution per unit…
Business
Spotify to raise premium subscription price in select markets from September
Spotify Technology shares gained in premarket trading after the company announced it is raising premium subscription prices across many…
Business
US: Wall Street opens higher following Friday's dramatic selloff
Street’s main indexes opened higher on Monday (Aug 4) after a sharp pullback in the previous session, as markets priced in prospects of…
Business
Lendlease Global Commercial Reit to divest office component of Jem to Keppel for S$462 million
Lendlease Global Commercial Reitwill be divesting the office component of the Juong commercial-retail development Jem to Keppel for S$462…
Business
Emerging market funds adjust bets as ‘sell the dollar’ trade loses appeal
THE US dollar’s bounceback in July is convincing some emerging market investors to bet that it will keep rising in coming months. T Rowe…
Business
German economy minister: Europe must catch up in global chip race
Katherina Reiche, German Minister for Economic Affairs and Energy, speaks at a press conference at the Infineon chip factory. The occasion…
Business
Tesla approves 96 million share award to CEO Elon Musk
Tesla disclosed in a filing on Monday (Aug 4) it has awarded CEO Elon Musk 96 million shares of the company, worth about US$29 billion.…
Business
Tesla approves share award worth US$29 billion to CEO Elon Musk
Tesla has granted CEO Elon Musk shares worth about US$29 billion, in a new pay deal aimed at keeping the billionaire entrepreneur at the…
Business
Singapore shares bounce back after 6-day losing streak; STI up 1%
Stocks on the Singapore Exchange (SGX) rebounded on Monday (Aug 4), snapping a six-day losing streak, even as Asian indices closed mixed.…
Business
CapitaLand Ascendas Reit posts 0.6% drop in H1 DPU to 7.477 Singapore cents
H1 revenue down 2% at S$754.8 million, mainly due to divestment of five properties INDUSTRIAL property player CapitaLand Ascendas Reit’s…
Business
Astrid Palca: Where Aging Becomes Art and Confidence Has No Deadline
In a world that often worships youth as the pinnacle of beauty, Astrid Palca stands as a bold, elegant exception. A practicing medical…
Business
Global Stocks Climb as Expectations of Rate Cuts Grow, Trump Tightens the Grip on Fed
Asian stock markets climbed on the opening of the new week with the hope of U.S. interest rate cuts giving investors some relief. MSCI's…
Business
GIC takes 25% stake in Spain’s broadband venture
Sovereign wealth fund GIC will take a 25 per cent stake in a fibre optic broadband venture between MasOrange, partly owned by France’s…
Business
UBS Pays US$300 Million to settle Credit Suisse mortgage case
Group said it reached an agreement with the US Department of Justice to resolve a legacy Credit Suisse matter related to the former bank’s…
Business
Vietnam’s VinFast in talks to boost local sourcing as first India plant opens
The plant is expected to have an annual production capacity of up to 150,000 vehicles [THOOTHUKUDI, India] Vietnamese electric vehicle…
Business
Asian credit gauges head for biggest two-day blowout since April
Any large move in US Treasury yields, over which most corporate US dollar bonds are priced, typically causes spreads to react around the…
Business
Nomura’s starting pay matched by Japanese rivals to retain staff
Medium-sized securities firms mostly generate revenue by having staff make sales directly to clients, rather than rely on online trading…
Business
BlueSG says it will pause its car sharing operations from Aug 8
Car sharing operator BlueSG on Monday (Aug 4) announced that it would pause its car sharing operations as part of a major upgrade to its…