Business
Asian Market Struggle as Trump Expand Tariff War, Copper Hits Record High
Asian stock markets were weak in early trading Wednesday. Investors were still attempting to digest a fresh round of tariff threats from…
Section
Business
Business
Qantas confirms personal data of over a million customers leaked in breach
The breach represents Australia’s most high-profile cyberattack since telco giant Optus and health insurer Medibank were hit in 2022…
Business
DBS, Singtel help lift Temasek’s portfolio to record S$434 billion
Temasek posted a record net portfolio value (NPV) of S$434 billion for the financial year ended Mar 31, driven by the strong performance…
Business
Temasek to increase exposure in AI, core-plus infrastructure
Singapore investment company Temasek is increasing its exposure to “promising opportunities” in artificial intelligence (AI) and core-plus…
Business
Surging UK shipping costs threaten to deliver a new price shock
The cost of shipping goods from China to the UK has surged due to ripple effects of the US trade war, threatening to push up consumer…
Business
Singapore sustainable bond issuances hit S$13.3 billion in 2024: MAS
The volume of green, social, sustainability and sustainability-linked (GSSSL) bonds, as well as transition bonds issued in Singapore, hit…
Business
Singapore sustainable bond issuances jump 80% to S$13.3 billion in 2024: MAS
The volume of green, social, sustainability and sustainability-linked (GSSSL) bonds, as well as transition bonds issued in Singapore, hit…
Business
Macquarie is said to weigh sale of Singapore petrochemical asset
The facility has 503,000 cubic metres of storage capacity for a range of fuels and industrial gases Macquarie Group’s asset management arm…
Business
DSV’s new S$150 million RedLion2 logistics hub expected to boost Singapore-Johor connectivity
A new logistics facility by Danish giant DSV will support the flow of goods across the Causeway, said Minister-in-charge of Energy and…
Business
Danish firm’s new S$150 million RedLion2 logistics hub expected to boost Singapore-Johor connectivity
A new logistics facility by Danish giant DSV will support the flow of goods across the Causeway, said Minister-in-charge of Energy and…
Business
Indonesia’s Chandra Daya jumps 35% following 2.4 trillion rupiah million IPO
The company plans to use the proceeds from its share sale to develop and expand its main infrastructure businesses by acquiring ships and…
Business
Hospital operator IHH eyes Indonesia, Vietnam for expansion
IHH Healthcare is looking to potential new markets Indonesia and Vietnam as the Malaysian hospital operator continues building scale to…
Business
New Zealand central bank holds cash rate at 3.25%
New Zealand‘s central bank held the benchmark interest rate at 3.25 per cent on Wednesday, but said it expected to loosen monetary policy…
Business
Citigroup expands in Charlotte, plans to add over 500 new jobs
Over 10 years, the firm will be able to be reimbursed for as much as US$8.9 million, according to the release Citigroup is adding 510 new…
Business
Citigroup expands in North Carolina, plans to add over 500 new jobs
Over 10 years, the firm will be able to be reimbursed for as much as US$8.9 million, according to the release Citigroup is adding 510 new…
Business
Australian pension overseeing A$75 billion adds private equity
The move is the latest in a run of private equity allocation increases among so-called superannuation funds within Australia’s A$4.1…
Business
Bank of America loses crisis-era backer after Kuwait sells US$3 billion stake
First, it was Warren Buffett. Now, another key Bank of America (BOA) investor that stood by it since the worst days of the 2008 financial…
Business
China’s gig economy booms as blistering heat leaves workers exposed
On a scorching morning in Beijing, Hao and a dozen other food delivery drivers sweltered outside a hot-pot restaurant. They smoked. They…
Business
Hong Leong Asia unit imposes equity incentive plan of 1.8 million shares at US$0.10 apiece
Its aim is to create opportunities for directors and employees of CYI and its subsidiaries to participate in its equity Hong Leong Asia on…
Business
Hong Leong Asia unit China Yuchai International introduces share options to incentivise staff
Its aim is to create opportunities for directors and employees of CYI and its subsidiaries to participate in its equity Hong Leong Asia on…
Business
Hong Leong Asia unit introduces share options to incentivise staff
Aim is to create opportunities for directors and employees of China Yuchai International, and its subsidiaries, to participate in its…
Business
Meta invests US$3.5 billion in world’s largest eyewear maker in AI glasses push
Meta Platforms bought a minority stake in the world’s largest eyewear maker EssilorLuxottica, a deal that increases the US tech giant’s…
Business
Stocks to watch: OCBC, Great Eastern, Mapletree Industrial Trust, IReit Global
The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 9): OCBC; Great Eastern:…
Business
HSBC expands UK wealth bet in race to £100 billion asset goal
HSBC Holdings is ramping up growth plans for its UK wealth-management operations as Europe’s largest bank seeks to double the assets it…