Business
US: Wall Street opens higher as investors weigh data, earnings
Wall Street opened higher on Friday (Jul 18), with investors weighing a week of mixed economic signals and earnings reports, while…
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Business
Business
The Role of Workflow Automation in Modern Enterprises: A Deep Dive into Camunda BPM
In a modern high-velocity digital economy, workflow automation has proven to be a foundation stone of operational efficiency and…
Business
Lum Chang Creations’ public offer of 1 million shares 47.3 times oversubscribed
Lum Chang Creations (LCC) has drawn strong investor interest for its initial public offering (IPO), with one million offer shares about…
Business
Garuda new 737 plane’s higher rent may strain finances further
Garuda is paying twice as much to lease its latest Boeing 737 Max jet than it does for the older 737 planes in its fleet, another…
Business
UOB awarded S$17.7m in civil suit against Lippo Marina Collection over inflated housing loans
UOB has been awarded S$17.7 million in claims against Indonesian developer Lippo Marina Collection (LMC) and two property agents, Goh Buck…
Business
Singapore shares end week on high; STI up 0.7%
Across the broader market, advancers outnumber decliners 430 to 147, after 2.2 billion securities worth S$1.6 billion change hands The…
Business
RHB Bank’s Singapore unit key to regional growth plan, targets
Singapore, part of Malaysia’s fourth-biggest banking group RHB, will be key in driving its regional expansion plans and help meet targets…
Business
China venture capital funds tap global investors for US$2 billion in comeback
China’s largest venture capital houses are tapping the market for at least US$2 billion in new funds, re-engaging with the country’s…
Business
BP to sell onshore wind business in US
BP is seeking to cut cleaner energy investment by more than US$5 billion annually said on Friday (Jul 18) it had agreed to sell its…
Business
Burberry Stems Sales Declines in First Quarter as Schulman’s Strategy Takes Hold
LONDON – What a difference a year makes. Burberry’s focus on simplification, productivity and cash flow helped to narrow the double-digit…
Business
ECB may wait until December to make final rate cut: survey
The European Central Bank (ECB) can delay its final interest-rate cut until December without investors concluding in the meantime that…
Business
Cinemas weigh launching new large screen brand to challenge Imax
Some of the largest US theatre chains, including Cinemark, Regal and Marcus, have held preliminary talks about jointly marketing their…
Business
Cathay cinema survived a world war, but there may not be a sequel for the icon
Cathay cinema could face its final curtain call after 85 years, as streaming and shifting consumer patterns deal a fatal blow to theatres…
Business
Warburg Pincus-backed data centre operator Princeton Digital bags US$1.3 billion from Stonepeak
Warbug Pincus-backed Princeton Digital Group announced on Friday (Jul 18) that it secured US$1.3 billion in funding from Stonepeak, a…
Business
Japan, EU to explore joint rare earths procurement: Nikkei
Japan and the European Union will consider joint public-private partnerships as they look to reduce their reliance on China in areas such…
Business
DBS shares rally to a new record as the STI clocks yet another high
DBS shares hit a new high on Friday morning (Jul 18), bringing the Straits Times Index (STI) to a fifth consecutive record this week in…
Business
Couche-Tard’s failed bid for Seven & i sparks debate over Japan
Alimentation Couche-Tard’s decision to walk away in frustration from an attempted acquisition of Seven & i Holdings set off a debate in…
Business
Seven & i risks becoming buyout target again if turnaround fails
Even after fending off Alimentation Couche-Tard’s unsolicited 6.77 trillion yen (S$58.5 billion) takeover approach, Seven & i Holdings…
Business
Fed’s Waller wants July interest rate cut amid rising growth, job market risks
Federal Reserve governor Christopher Waller said on Thursday (Jul 17) that he continues to believe the US central bank should cut interest…
Business
Gold heads for weekly dip as strong dollar, US data weighs
Gold was flat in early Asian trade on Friday (Jul 18), heading for a weekly fall, weighed down by an overall stronger US dollar and solid…
Business
US set to impose 93.5% duty on China battery material
The US Commerce Department imposed preliminary anti-dumping duties of 93.5 per cent on Chinese imports of graphite, a key battery…
Business
UN talks with rival leaders of Cyprus fail to reach deal on new border crossings
UNITED NATIONS (AP) — The United Nations chief said Thursday that he would have liked more results from his meetings with the rival…
Business
Food Empire, AirAsia partner to launch ready-to-drink beverages
It will kick-off with a Vietnamese iced coffee product that will be sold on flights of the airline Food Empire will collaborate with…
Business
Food Empire partners AirAsia to launch ready-to-drink beverages
The tie-up kicks off with a Vietnamese iced-coffee product to be sold on board the airline’s flights Mainboard-listed Food Empire will…