Business
Opec trims oil demand for next four years
The Organization of the Petroleum Exporting Countries (Opec) cut its global oil demand forecasts for the next four years on Thursday (Jul…
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Business
STI up 0.4% on Thursday as investors stay positive despite tariff uncertainty, split Fed views
Across the broader market, gainers outnumber losers 324 to 175, with about 1.6 billion securities worth S$1.2 billion changing hands The…
Business
Nvidia Surge Powers Nasdaq to Record High as Fed Minutes Signal Rate Cuts
Nvidia briefly crossed the $4 trillion market valuation mark on Wednesday and closed at $3.97 trillion, up 1.8%. This surge helped push…
Business
Chinese property shares surge on unverified reports of meeting to revive sector
A gauge of Chinese property shares jumped the most in nearly nine months, fuelled by speculation a high-level meeting will be held next…
Business
Nvidia Hits $4 Trillion value, Surpasses Apple and Microsoft as CEO Jensen Huang's Wealth Soars with AI Boom
US tech giant Nvidia created history by becoming the first publicly held company ever to be valued at more than $4 trillion. Right in the…
Business
Glencore JV in talks to buy Exxon's 59 Singapore petrol stations worth US$1 billion
The sale would allow the American oil major to deploy more capital in areas of higher growth potential — Aster Chemicals and Energy, a…
Business
L’Oréal Denies Claims Of Hong Kong Office Closure, Layoffs
After news began circulating earlier this week that L’Oréal is considering merging its Hong Kong office with its Mainland China…
Business
Richard Li’s China insurance expansion talks stall amid backlash to father’s port sale plan
The discussions were suspended shortly after the port sale was announced in early March Billionaire Richard Li’s efforts to expand his…
Business
Dutch firm moves to privatise Grand Venture Technology at S$0.94 apiece
A Dutch firm is looking to take Grand Venture Technology private by way of scheme of arrangement, said the precision engineering solutons…
Business
Dutch firm moves to privatise Grand Venture Technology at S$0.94 per share
A Netherlands-incorporated firm is looking to privatise precision engineering solutions company Grand Venture Technology at S$0.94 a…
Business
TSMC revenue climbs 39% in latest sign of AI spending boom
For 2025, investors remain wary about the impact of tariffs on the global economy and the electronics sector Taiwan Semiconductor…
Business
Tariffs, potential MSCI ousting may dampen Genting Singapore’s expected H2 earnings uplift: DBS
Genting Singapore might not get as much of an uplift as was hoped for. This is as macroeconomic uncertainties, tariffs and a potential…
Business
DBS downgrades Genting Singapore shares, lowers target price, on tariffs dampening outlook
DBS on Thursday (Jul 10) downgraded shares of Genting Singapore to a hold rating, and also lowered its target price. This is as…
Business
Asia: Stocks mostly rise on trade deal optimism
Asian markets mostly rose on Thursday on optimism that governments will hammer out deals to avoid the worst of US President Donald Trump’s…
Business
Singtel’s NCS to invest S$130 million to scale AI adoption in Apac
Singtel’s technology services arm, NCS, will invest S$130 million over the next three years to further its artificial intelligence (AI)…
Business
OpenAI to release web browser in challenge to Google Chrome
OpenAI is close to releasing an artificial intelligence (AI)-powered web browser that will challenge Alphabet’s market-dominating Google…
Business
China lenders rush to sell riskiest debt to catch low yields
Chinese authorities have pushed through the mergers of hundreds of smaller, mostly rural banks, while the larger behemoths are struggling…
Business
BYD, other EV battery makers face more pressure to cut emissions
Electric vehicle (EV) battery suppliers, including BYD and EVE Energy, need to step up efforts to switch to clean power at manufacturing…
Business
Nissan poised to offer record-high coupon in US$4 billion bond sale
Nissan Motor is expected to sell some of its upcoming US$4 billion foreign-currency bonds at a record-high coupon, piling more pressure on…
Business
Affluent Singapore respondents say they need US$1.39 million to retire comfortably: HSBC survey
Affluent investors based in Singapore said they will need US$1.39 million on average to retire comfortably – well above the global average…
Business
Singapore’s future bankers vie for coveted spots at university finance clubs
At Singapore’s universities, undergraduates are fighting for the golden ticket they believe will get them a coveted banking job years…
Business
Bank of Korea holds rates steady amid tariff, household debt concerns
South Korea’s central bank held interest rates steady on Thursday, as policymakers steered a cautious path amid concerns about financial…
Business
Chinese tycoons are turning Indonesia into an aluminium giant
[LONDON/SINGAPORE] Chinese tycoons are turbo-charging Indonesia’s aluminium industry with multi-billion dollar projects that rival the…
Business
Food Empire to invest US$37 million to expand soluble coffee manufacturing facility in India
Food and beverage company Food Empire intends to invest US$37 million to expand the capacity of its spray-dried soluble coffee…