Business
CDL shares surge over 6% after Philip Yeo exits board
Shares of City Development Limited (CDL) rose more than 6 per cent on Wednesday (Jul 16), after the property conglomerate said on Tuesday…
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Business
Business
Citi to boost Japan investment banking headcount up to 15%, executive says
Citigroup plans to raise its investment banking headcount in Japan by 10 to 15 per cent over the next year and make new hires in…
Business
Dan Rivera: New England Paranormal Investigator Dies 'Under Suspicious Circumstances' During 'Haunted' Annabelle Tour
A New England-based paranormal investigator died over the weekend while on tour with the infamous "Annabelle" doll that featured in "The…
Business
ASML orders beat expectations after AI spending fuels demand
ASML Holding’s orders in the second quarter beat estimates after the artificial intelligence (AI) boom drove demand for its sophisticated…
Business
Huawei tops China smartphone market for first time in years
Huawei Technologies took the top spot in China’s smartphone market for the first time in more than four years, a comeback fuelled by new…
Business
Nvidia’s Huang says China’s open-source AI a ‘catalyst for progress’
Nvidia CEO Jensen Huang called China’s open-source artificial intelligence a “catalyst for global progress” and hailed the country’s…
Business
Masayoshi Son and Sam Altman see no end to AI demand and scaling
SoftBank Group founder Masayoshi Son and OpenAI chief Sam Altman see insatiable demand for artificial intelligence (AI) that makes it…
Business
Asia: Hong Kong stocks lifted by Nvidia rally
Tech firms led another rally in Hong Kong stocks Wednesday after US titan Nvidia said it would resume exports of key chips to China after…
Business
Japan’s Nidec builds made-in-China EV motor to help Toyota catch rivals
Japan’s Nidec is building an almost totally “made-in-China” electric vehicle (EV) motor to help Toyota Motor compete in the world’s…
Business
Shangri-La Asia appoints 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…
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…
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…