Business
GIC-backed South Korean finance app Toss plans 2026 US listing with over US$10 billion valuation: sources
Toss, a popular South Korean app that provides banking and a host of other financial services, aims to list in the US in the second…
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Business
Lynas sees higher rare earths prices after US backs MP Materials
Prices of rare earths could rally further given growing demand for Western material, reflected in a recent deal by the US that has shown…
Business
Britain's Lloyds says profits up 5%, even as economic outlook dims
Statutory profit before tax for the first six months of the year was £3.5 billion Lloyds Banking Group reported its profit for the first…
Business
Microsoft says some SharePoint server hackers now using ransomware
A cyber-espionage campaign centred on vulnerable versions of Microsoft’s server software now involves the deployment of ransomware,…
Business
Europe car sales drop the most in 10 months as EV growth slows
Automakers called for Europe to further stimulate demand for battery-powered vehicles after sales of all new cars fell in June by the most…
Business
Deutsche Bank posts better-than-expected Q2 profit
Deutsche Bank returned to a better-than-expected profit in the second quarter from a year ago despite mixed results at its global…
Business
Deutsche Bank beats profit expectations despite deal slump, strong euro
Deutsche Bank returned to a better-than-expected profit in the second quarter from a loss a year ago as trading earnings helped offset…
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China’s Chery to supply tech to help India’s JSW launch own EVs
China’s Chery Automobile will supply technology and components to billionaire Sajjan Jindal’s JSW Group to help launch a new-energy…
Business
Trump to visit Federal Reserve on Thursday, ramping up pressure on Powell
US PRESIDENT Donald Trump, a robust critic of Federal Reserve Chair Jerome Powell, will visit the central bank on Thursday, the White…
Business
Asia: Markets extend gains on US trade deal hopes
Asian markets extended the week’s gains on Thursday on optimism other countries will follow up Japan’s US trade deal with ones of their…
Business
ST Engineering up 7.3% on Q2 contract wins
ST Engineering soared on Thursday (Jul 24) morning after the group announced that it bagged S$4.7 billion in contracts for Q2 2025. As at…
Business
ST Engineering climbs 7.7% to record high on Q2 contract wins
The counter is up 91.2% year to date from its S$4.66 closing price on Dec 31, 2024 ST Engineering’s share price soared on Thursday (Jul…
Business
ST Engineering climbs 8.1% to record high on Q2 contract wins
The counter is up 91.2% year to date from its S$4.66 closing price on Dec 31, 2024 Shares of ST Engineering soared on Thursday (Jul 24)…
Business
Rate cuts seen lifting Philippine bonds from Asia’s lowest ranks
Philippine bonds are poised to rebound from the bottom of Asia’s debt rankings, thanks to the central bank’s room to cut rates and their…
Business
Marina Bay Sands H1 revenue rises 17% to US$2.6 billion as travel spend in Asia expands
Adjusted property Ebitda rose 23.8% to US$1.4 billion, up from US$1.1 billion in the first half of 2024 Net revenue for Marina Bay Sands…
Business
Elite UK Reit to convert Scotland property into student housing by September 2027
The manager of Elite UK Real Estate Investment Trust (Reit) on Thursday (Jul 24) announced that it has received planning approval to…
Business
Japan trade deal sparks hope for US investors, frustration for automakers
Shares of General Motors, Ford Motor and Jeep-maker Stellantis, some of the biggest automakers in the US, rallied on Wednesday after news…
Business
AMD CEO sees chips from TSMC’s US plant costing 5% to 20% more
Advanced Micro Devices (AMD) chief executive officer Lisa Su said that the chips her company gets from supplier Taiwan Semiconductor…
Business
ST Group Food moves to liquidate UK unit that operates Gong Cha brand in the country
Catalist-listed ST Group Food plans to liquidate its indirect subsidiary in the UK, GCTea Outlets 2B, which operates a food and beverage…
Business
Stocks to watch: ST Engineering, MPACT, MLT, Digital Core Reit, Sabana Reit, OUE Reit
The following companies saw new developments that may affect trading of their securities on Thursday (Jul 24): ST Engineering: The group…
Business
Macquarie’s quarterly profit falls, CFO Harvey decides to step down
RALIA’S top investment bank, Macquarie Group, reported a decline in first-quarter net profit on Thursday and announced that chief…
Business
Japan’s Topix hits record high in trade deal afterglow
— Japan’s Topix iindex rose to a record high on Thursday and the Nikkei share average hit a new one-year peak, as stocks rallied for a…
Business
Bank of Japan watchers still predict next rate hike in October or January
Bank of Japan (BOJ) watchers increasingly expect authorities to raise the benchmark interest rate either in October or January, according…
Business
Nvidia supplier SK Hynix Q2 profit rises 69%, meets forecasts
South Korea’s SK Hynix posted on Thursday a record quarterly profit, driven by strong demand for advanced chips used in generative…