Business
Singapore AUM up 12.2% in 2024, exceeds S$6 trillion for the first time
Total assets under management (AUM) in Singapore rose 12.2 per cent to hit S$6.07 trillion as at Dec 31, 2024, surpassing the S$6 trillion…
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Business
Business
Nissan to halt production at Japanese plant at Oppama
Struggling auto giant Nissan said on Tuesday (Jul 15) it will stop production at its plant at Oppama in Japan at the end of its 2027…
Business
Galeries Lafayette Reshuffles Management Ranks
PARIS – Galeries Lafayette continues to reshuffle its management ranks in the wake of the death of matriarch Ginette Moulin. Following the…
Business
Wyndham to boost presence in South Asia with new alliance
Wyndham Hotels & Resorts has announced a strategic alliance with Indian hospitality group Cygnett Hotels & Resorts to expand its footprint…
Business
SMFG said to eye US$1.1 billion additional investment in Yes Bank: sources
The fresh investment would bring the total amount to US$2.7 billion, giving SMFG a roughly 25% stake in Yes Bank Sumitomo Mitsui Financial…
Business
Chinese investors’ FX pile hits US$1 trillion amid low local rates
Chinese corporates and households boosted their foreign-currency deposits last month to the highest in three years, as they shunned the…
Business
Temasek’s Heliconia Capital awaits MAS approval for new CEO after departure of Derek Lau
Temasek-owned Heliconia Capital Management is awaiting regulatory approval for a new chief executive, some four months after the…
Business
Far East Hospitality opens two hotels in Osaka
Far East Hospitality announced on Tuesday (Jul 15) the opening of two hotels in the Namba South and Honmachi districts in Osaka, in a bid…
Business
Ericsson's Q2 profit beats expectations, says North America growth was good
Operating profit excluding restructuring charges was 7.0 billion crowns against a year-earlier loss of 11.9 billion Swedish telecom…
Business
RTX launches new Collins Aerospace facility with flexible manufacturing system in Singapore
Defence conglomerate RTX launched its new Collins Aerospace facility at Seletar Aerospace Park in Singapore on Tuesday (Jul 15). This…
Business
Malaysia has not found any evidence yet of illicit chip smuggling, minister says
Malaysia has not yet found any evidence of illicit trade in advanced semiconductors, its trade minister said on Tuesday (Jul 15), adding…
Business
Nvidia to resume H20 AI chip sales to China in US reversal
Nvidia plans to resume sales of its H20 artificial intelligence (AI) chip to China after securing Washington’s assurances that such…
Business
Chinese firms rush to buy Nvidia H20 AI chips as sales set to resume
[BEIJING/HONG KONG] Chinese firms are scrambling to buy Nvidia’s H20 artificial intelligence chips, two sources told Reuters, as the…
Business
Asia: Markets mixed as China’s economy meets forecasts
Markets were mixed on Tuesday as positive Chinese economic data was offset by weak consumer spending, while optimism that governments will…
Business
Thailand to name Vitai as central bank chief, reports say
Thailand is poised to name veteran banker Vitai Ratanakorn as the next governor of the central bank, local media reported ahead of a…
Business
Thailand to name Vitai Ratanakorn as central bank chief, reports say
Thailand is poised to name veteran banker Vitai Ratanakorn as the next governor of the central bank, local media reported ahead of a…
Business
Thailand to pick rate-cut advocate Vitai Ratanakorn as central bank chief
Thailand is poised to name veteran banker Vitai Ratanakorn as the next governor of the central bank, sources familiar said, selecting an…
Business
Thailand unexpectedly delays naming new central bank chief
Thailand’s expected appointment of veteran banker Vitai Ratanakorn as the next central bank governor was delayed by at least a week, a…
Business
FCT extends Northpoint City South Wing management by a year
The automatic renewal follows the March acquisition of the mall’s South Wing. The manager of Frasers Centrepoint Trust announced on Monday…
Business
Gold holds ground with spotlight on US inflation data
Gold inched higher on Tuesday (Jul 15) as traders awaited the release of US inflation data later in the day that could shed more light on…
Business
China Medical System surges 6% at the open with its secondary listing on SGX
Shares of China Medical System (CMS) jumped 6 per cent at market open with its secondary listing made on the mainboard of the Singapore…
Business
China Medical System shares surge 11% with its secondary listing on SGX
Shares of China Medical System (CMS) jumped 6 per cent at the market open with its secondary listing made on the mainboard of the…
Business
Tesla’s long-awaited India debut bets on luxury vehicle buyers
Tesla is opening its first India showroom as Elon Musk’s electric-vehicle (EV) maker looks to ply new markets and offset slowing sales…
Business
Global EV sales jump 24% in June though North American market struggles: research firm
GLOBAL sales of electric and plug-in hybrid vehicles jumped 24 per cent in June from a year ago, as a switch to electric vehicles…