Business
Shangri-La Asia appoints Robert Kuok’s daughter Kuok Hui Kwong as new CEO
She is the daughter of Shangri-La founder Robert Kuok, who is Malaysia’s richest man Shangri-La Asia announced the appointment of Kuok Hui…
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Business
Business
Flying taxi CEO is billionaire again after stock’s 160% rally
Four years after a much-hyped Spac deal followed by a swift collapse, shares of flying taxi company Joby Aviation have rallied to an…
Business
Flying taxi CEO is a billionaire again after stock rallies to all-time high
Four years after a much-hyped Spac (special purpose acquisition company) deal followed by a swift collapse, shares of US flying taxi…
Business
European asset manager Amundi, Endowus launch low-cost index fund tracking STI
European asset manager Amundi and wealth adviser and investment platform Endowus on Wednesday (Jul 16) launched the Amundi Singapore…
Business
Small but rising Japanese opposition party warns against near-term BOJ rate hike
The Bank of Japan should hold off raising interest rates until the economy achieves a stronger recovery, Sohei Kamiya, head of the small…
Business
Fed’s Logan says it will take until autumn to see tariffs’ inflation effect
AS Federal Reserve Bank President Lorie Logan said on Tuesday she expects it will take until the fall to understand the effect of tariffs…
Business
Senior Fed official says it will take until autumn to see tariffs’ inflation effect
AS Federal Reserve Bank President Lorie Logan said on Tuesday (Jul 15) that she expects it will take until the fall to understand the…
Business
Chinese convertible bonds rally to decade-high on surging demand
Convertible bonds have emerged as one of the most popular asset classes in China this year, trouncing the performance of local stocks and…
Business
Stocks to watch: SIA, CDL, UOL Group, TalkMed, Amara
The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 16): Singapore Airlines (SIA):…
Business
Stocks to watch: SIA, CDL, UOL Group, TalkMed, Amara, Seatrium
The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 16): Singapore Airlines (SIA):…
Business
Bessent suggests Powell should leave Federal Reserve board in May
US Treasury Secretary Scott Bessent suggested that Federal Reserve chair Jerome Powell should step down from the central bank’s board when…
Business
Citigroup looks to issue its own stablecoin to smooth payments
Citigroup is considering issuing its own stablecoin, positioning the company as a possible early mover in the push by traditional banks to…
Business
US banks JPMorgan and Citigroup see lower recession risk despite tariff fog
Large US banks reported results that topped estimates on Tuesday as executives pointed to American economic resilience and said businesses…
Business
Citigroup shares hit highest since 2008 after profit beat, buyback plan
Citigroup’s shares briefly touched their highest since the 2008 financial crisis after the bank beat Wall Street estimates for…
Business
Europe: Shares fall on healthcare, financials drag; focus on US-EU trade deal
EUROPEAN shares ended lower on Tuesday, dragged down by heavyweight financial and healthcare stocks as investors awaited news on a…
Business
US: Nasdaq edges to record as Dow, S&P 500 retreat
Wall Street stocks finished mostly lower on Tuesday despite another Nasdaq record as President Donald Trump announced a US trade deal with…
Business
US Fed officials say more needs to be done on financial inclusion
US Federal Reserve governor Michael Barr said on Tuesday (Jul 15) that banks and advocates have worked together to “deepen and widen…
Business
SIA’s decarbonisation tailwinds are Temasek’s burden
A small tweak in Temasek’s latest sustainability report reveals just how much a single airline can weigh on a portfolio’s emissions. The…
Business
Trump Promised to End Inflation. He’s Bringing It Back Instead.
The only uncertainty about how much inflation Trump’s tariff policy will create going forward is that we don’t know what Trump’s tariff…
Business
Why is Corporate Health Insurance Insufficient?
Corporate health insurance provides a safety net for an employee’s medical expenses, as outlined in the policy terms. However, in times of…
Business
TalkMed shareholders approve Tamarind Health’s privatisation offer
Shareholders of TalkMed on Tuesday (Jul 15) approved a proposed privatisation offer from Tamarind Health. Ninety-eight shareholders,…
Business
Zeynab’s Quiet Power: Redefining Fashion Influence Through Grace, Grit, and Global Vision
From high fashion campaigns to candid everyday moments, Zeynab effortlessly blends glamour with authenticity. While her striking presence…
Business
What is Prometheus? Meta Announces First AI Supercluster, Expected to Go Live by 2026
To attain its goal of becoming the global leader in artificial intelligence, Meta is introducing the AI Supercluster named Prometheus.…
Business
Global Stocks Rise Ahead of Tariff Talks and U.S. Earnings, Inflation Data
Stocks worldwide rose on Tuesday, supported by tentative optimism ahead of an important week for U.S. corporate earnings and inflation…