Business
Wall Street bonus pool to grow as bank revenue boosted by rally
The outlook for Wall Street bonuses is improving, with payouts now set to rise across most sectors of the finance industry as the market…
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Business
Business
F&N’s 9-month profit dips 3.9% to S$118.2 million, despite 10% revenue growth
Beverage maker Fraser and Neave (F&N) posted a net profit of S$118.2 million for the nine months ended Jun 30, a 3.9 per cent decrease…
Business
Singapore shares boosted by retail sales growth; STI up 0.3%
The Straits Times Index (STI) settled higher on Tuesday (Aug 5) for the second consecutive session, supported by stronger-than-expected…
Business
Alibaba to shut premium Hema X outlets after rivalry heats up
The move marks a strategic retreat from a model that failed to gain traction against Walmart’s Sam’s Club and Costco Wholesale Alibaba…
Business
Hong Kong resumes currency intervention spree amid low rates
Hong Kong’s brief pause from defending its beleaguered currency proved to be short lived, as the authorities were forced to buy local…
Business
Hugo Boss Sales Rise in Q2, Operating Profit Up 15%
BERLIN – German menswear specialist Hugo Boss managed to hold onto growth in the second quarter of 2025. The brand saw sales rise 1…
Business
TSMC cracks down on potential trade secret breach, initiates legal action
Taiwan Semiconductor Manufacturing Co (TSMC) said on Tuesday (Aug 5) it had launched legal proceedings and taken disciplinary action…
Business
Hong Kong asks insurers to return investing roles from Singapore
Life insurers have become the latest target in Hong Kong’s efforts to compete with Singapore in retaining talent and capital. Over the…
Business
Hong Kong asks insurers to move investing roles from Singapore, in push to compete on talent
Life insurers have become the latest target in Hong Kong’s efforts to compete with Singapore in retaining talent and capital. Over the…
Business
US explores better location trackers for AI chips, official says
The US is exploring ways to equip chips with better location-tracking capabilities, a senior official said, underscoring Washington’s…
Business
Apac logistics sector sees dampened near-term outlook but long-term growth plans unfazed: CBRE
Logistics occupiers across Asia-Pacific are looking beyond short-term market volatility and planning long-term investments, CBRE survey on…
Business
Joby says Blade deal ‘massive accelerant’ in air taxi drive
Joby Aviation said that it plans to buy the helicopter rideshare business of Blade Air Mobility for as much as US$125 million in stock or…
Business
Asia: Markets track Wall Street rally on Fed rate cut bets
Stock markets rose on Tuesday as investors grow increasingly confident the Federal Reserve will cut interest rates next month, despite…
Business
Petronas said to seek US$1 billion for Rio oil field stake sale
Malaysia’s Petroliam Nasional Berhad is working with Bank of America to sell its 50 per cent stake in the Brazilian oil field Tartaruga…
Business
These are the 10 top-performing ETFs on SGX; Reit ETF AUM hits new high of S$1.2 billion
Exchange-traded funds (ETFs) listed on the Singapore Exchange (SGX) have recorded net inflows of S$700 million in the first half of this…
Business
Some in Bank of Japan saw scope to hike rates if trade friction eases, June minutes show
Some Bank of Japan policymakers saw scope to resume interest rate increases once trade friction caused by US tariffs eased, minutes of the…
Business
Dasin Retail Trust’s China unit could face legal action if it fails to pay back offshore loans
Dasin Retail Trust announced on Monday (Aug 4) that its China subsidiary Zhongshan Yuanxin Commercial Property Management could face a…
Business
Gold rises as Fed rate cut bets pressure dollar, yields
Gold prices rose on Tuesday (Aug 5), after gaining in the last three sessions, supported by a weaker US dollar and lower Treasury yields…
Business
Australia to provide A$135 million bailout for Trafigura lead, zinc smelters
The Australian government said on Tuesday it will provide A$135 million (S$112.5 million) in financial support for two smelters owned by…
Business
Claire’s skips rent payments, moving closer to bankruptcy filing
The retailer has struggled since a 2018 bankruptcy handed control to creditors including Elliott Management and Monarch Alternative…
Business
CICT to raise S$500 million from private placement of 237.5 million units at S$2.105 apiece
Capitaland Integrated Commercial Trust (CICT) on Tuesday (Aug 5) announced a proposed launch of over 237.5 million new units to raise…
Business
CICT plans S$500 million issue at S$2.105 a unit to help buy rest of CapitaSpring for S$1 billion
Capitaland Integrated Commercial Trust (CICT) on Tuesday (Aug 5) announced a proposed launch of over 237.5 million new units to raise…
Business
CICT to buy rest of CapitaSpring for S$1 billion; plans S$500 million placement at S$2.105 a unit
Capitaland Integrated Commercial Trust (CICT) on Tuesday (Aug 5) announced a proposed launch of over 237.5 million new units to raise…
Business
CICT to buy rest of CapitaSpring for S$1 billion; plans S$500 million placement between S$2.105 and S$2.142 a unit
CapitaLand Integrated Commercial Trust (CICT) on Tuesday (Aug 5) announced a proposed launch of more than 237.5 million new units to raise…