Business
BOJ may paint less gloomy view, signal rate-hike resumption
The Bank of Japan (BOJ) is set to hold off raising interest rates on Thursday (Jul 31) but may offer a less gloomy view on the outlook…
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Business
Business
Chinese AI firms form alliances to build domestic ecosystem amid US curbs
China’s artificial intelligence (AI) companies have announced two new industry alliances, aiming to develop a domestic ecosystem to reduce…
Business
HKMA to cut costs, freeze hiring as city battles deficit: report
Hong Kong’s de-facto central bank is planning to cut costs next year, according to a local news report, as the city takes steps to reduce…
Business
McDonald’s to sell eight Hong Kong retail spaces valued at HK$1.2 billion: JLL
The sale of the eight retail properties is offered through a public tender that ends on Sep 16 McDonald’s is planning to sell eight prime…
Business
AEM down 4.7% amid CEO switch
As at 9.25 am, the counter has fallen to S$1.64, 4.7% below its Friday closing price Shares of AEM fell on Monday (Jul 28) after the…
Business
AEM slumps 4.7% after its CEO resigns
As at 9.25 am, the counter has fallen to S$1.64, 4.7% below its Friday closing price Shares of AEM fell on Monday (Jul 28) after the…
Business
Asia: Most markets rise, euro boosted after EU strikes US trade deal
Most stock markets rose with the euro on Monday after the European Union and United States hammered out the “biggest-ever” deal to avert a…
Business
Citi charges US$595 for ‘Strata Elite’ credit card to rival Amex, Chase
Citigroup launched a premium credit card designed to rival ones offered by JPMorgan Chase and American Express, the latest entrant in the…
Business
Chinese steel profits recover as Beijing targets overcapacity
The profitability of Chinese steel mills began to recover last month, with the improvement likely to accelerate in the second half of the…
Business
iFast climbs 10% after strong Q2 net profit
Shares of iFast soared 8.76 per cent on market open on Jul 28 after the digital bank and wealth management platform reported a strong Q2…
Business
iFast surges 10% after strong Q2 net profit
The company on Friday reported a net profit of S$22.1 million for the second quarter of FY2025, up 37.9% from the previous year Shares of…
Business
iFast surges 11.3% after strong Q2 net profit
Shares of iFast surged just minutes after market open on Monday (Jul 28), after the digital bank and wealth management platform reported a…
Business
Alibaba cloud visionary expects big shakeup after OpenAI hype
OpenAI’s ChatGPT started a revolution in artificial intelligence (AI) development and investment. Yet nine-tenths of the technology and…
Business
Oil rises as US-EU deal lifts trade optimism
Oil prices rose on Monday after the US reached a trade deal with the European Union and may extend a tariff pause with China, reducing…
Business
Toyota’s internal inertia stifles digital transformation effort
Inside Toyota Motor, a group of employees are worried about the company’s future in an era when a car’s software matters just as much as…
Business
Samsung Electronics signs US$16.5 billion contract to supply semiconductors
Samsung Electronics said on Monday it has signed a contract valued at US$16.5 billion to supply semiconductors to a major global…
Business
Musk says Tesla, Samsung Electronics sign US$16.5 billion chip supply deal
Tesla CEO Elon Musk said the US automaker had signed a US$16.5 billion deal to source chips from Samsung Electronics, a move expected to…
Business
Macau casino bulls see stock rally extending as revenue grows
Eased travel policy and railway improvements are among the factors seen keeping the uptrend going Macau casino stocks are poised to…
Business
Stocks to watch: OCBC, Singapore Airlines, Raffles Medical, AEM Holdings
The following companies saw new developments that may affect trading of their securities on Monday (Jul 28): OCBC: OCBC subsidiary Great…
Business
Great Eastern Q2 earnings down 11% at S$248.2 million
The group attributes the decline to lower profit from its insurance business for the quarter Insurer Great Eastern on Monday (Jul 28)…
Business
Great Eastern Q2 earnings down 11% at S$248.2 million; declares bonus ordinary shares
Insurer Great Eastern (GEH) on Monday (Jul 28) posted an 11 per cent decline in net profit to S$248.2 million for its second quarter ended…
Business
Great Eastern Q2 earnings down 11% at S$248.2 million due to lower contribution from insurance business
Insurer Great Eastern Holdings (GEH) on Monday (Jul 28) posted an 11 per cent decline in net profit to S$248.2 million for its second…
Business
Raffles Medical H1 profit rises 4.8% to S$32.1 million
Raffles Medical Group on Monday (Jul 28) posted net profit of S$32.1 million for its first half ended Jun 30, up 4.8 per cent from S$30.6…
Business
A data deluge brings a ‘moment of truth’ for markets this week
Wall Street pros are staring down a pivotal week that will likely set the tone for the rest of the year in markets and the economy. First…