Business
US: Wall St opens higher as investors digest GDP data; Fed verdict awaited
Wall Street’s main indexes opened higher on Wednesday (Jul 30) as investors assessed better-than-expected GDP data, and awaited the…
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Business
Business
OpenAI's Powerful GPT-5 Model May Launch Next Week, Promises Major Upgrades
OpenAI is likely to unveil its highly anticipated GPT-5 model as early as next week. The new model is expected to bring major improvements…
Business
MrBeast Becomes First YouTuber to Hit 400 Million Subscribers, Gets Custom Play Button
Jimmy Donaldson, widely known as MrBeast, has reached a historic milestone by becoming the first individual YouTuber to surpass 400…
Business
Cameroon cocoa boom raises deforestation fears
Cameroon is emerging as a new frontier for cocoa production, raising concerns about cocoa-driven deforestation, according to…
Business
PropertyGuru says business has logged double-digit per cent growth in a year
Lewis Ng, who took over as chief executive at PropertyGuru in March, has had a busy four months. But he is back on familiar ground, having…
Business
Jardine C&C reports 23% fall in H1 earnings to US$371 million on unrealised fair value losses
Jardine Cycle & Carriage (JC&C) on Wednesday (Jul 30) reported a 23 per cent decline in earnings to S$371.1 million for the first half of…
Business
Mapletree Logistics Trust to divest South Korean property for S$7.4 million
The proposed divestment is in line with its manager’s drive to rejuvenate its portfolio by letting go of assets no longer aligned with its…
Business
MPACT Q1 DPU falls 3.8% to S$0.0201 on lower contributions, divestment of Mapletree Anson
The manager of Mapletree Pan Asia Commercial Trust (MPACT) on Wednesday (Jul 30) reported a 3.8 per cent fall in distribution per unit…
Business
CapitaLand India Trust posts higher H1 DPU as NPI rises 10% to S$113.6 million
Capitaland India Trust (Clint) on Wednesday (Jul 30) posted a higher net property income (NPI) of S$113.6 million for the six months ended…
Business
What is Chat GPT's Study Mode? OpenAI Launches New Feature to Help Students in Improving Critical Thinking Skills
OpenAI launched a new feature in ChatGPT, Study Mode. It is designed to support teachers in nurturing critical thinking skills and to…
Business
Asian Markets Struggle as US-China Trade Talks End without Breakthrough
Asian stock markets saw little movement on Wednesday, as trade talks between the United States and China concluded without significant…
Business
Sheng Siong H1 net profit rises 3.5% to S$72.3 million on improved sales mix
Supermarket operator Sheng Siong reported a 3.5 per cent increase in H1 2025 net profit to S$72.3 million, from S$69.9 million in H1 2024…
Business
SingPost board should speed up resetting directions
Shareholders of postal service provider Singapore Post (SingPost) could understandably be frustrated and disappointed that the annual…
Business
Singapore shares down for fourth session; STI dips 0.2%
Local stocks slipped for the fourth straight session on Wednesday (Jul 30), logging their longest losing streak in five weeks, as…
Business
Sources: Thom Browne CEO Rodrigo Bazan to Exit, Sam Lobban to Succeed
MILAN –Rodrigo Bazan is exiting his role as chief executive officer of Thom Browne at the end of August, WWD has learned. According to…
Business
Taiwan’s Foxconn, Teco Electric to form strategic partnership
Taiwan’s Foxconn, the world’s largest contract electronics maker, and Taiwan industry motor maker Teco Electric & Machinery will form a…
Business
Taiwan’s Foxconn, Teco Electric to build AI data centres
Taiwan’s Foxconn, the world’s largest contract electronics maker, will form a strategic partnership with industrial motor maker Teco…
Business
Thailand adjusts EV policy to ease production requirements, target exports
Thailand adjusted an electric vehicle incentive policy on Wednesday (Jul 30) to give carmakers more flexibility to meet production…
Business
Mercedes-Benz profit plunges on tariff, China woes
Premium German carmaker Mercedes-Benz said Wednesday (Jul 30) its second-quarter profit plunged nearly 70 per cent due to US tariffs and…
Business
US ETF outperforming S&P 500 becomes substantial shareholder in Rex, has stakes in 30 Singapore stocks
A US-based exchange-traded fund (ETF) has recently become a substantial shareholder of Rex International after raising its stake in the…
Business
Rio Tinto posts smallest first-half profit in five years
It reported underlying earnings of US$4.81 billion for the six months ended June 30 Rio Tinto reported its smallest first-half underlying…
Business
Temasek sees 10 times gain with 5.5 billion euro stake sale in Indian JV with Schneider
Temasek Holdings has sold its 35 per cent stake in an Indian joint venture with Schneider Electric to the French company for 5.5 billion…
Business
Tesla signs US$4.3 billion LGES battery deal, source says, reducing China reliance
South Korea’s LG Energy Solution (LGES) has signed a US$4.3 billion deal to supply Tesla with energy storage system batteries, said a…
Business
UBS beats expectations with US$2.4 billion second-quarter profit
The firm expects trading and transactional activity to become more normalised in the quarter ahead said on Wednesday (Jul 30) that…