Business
Richard Li’s FWD rises in HK debut, reversing earlier decline
The insurer plans to use the proceeds to reduce debt, support growth and enhance its digital capabilities — Billionaire Richard Li’s FWD…
Section
Business
Business
Richard Li’s FWD rises in HK debut, reversing earlier declines
Billionaire Richard Li’s FWD Group Holdings rose in its Hong Kong trading debut, reversing earlier declines, after an initial public…
Business
After petrol, China’s oil refiners face a jet fuel glut
China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already dealing with…
Business
Taiwan stock ETFs lead inflows in Asia with US$19 billion haul
Traders are swarming to equity-focused, exchange-traded funds (ETFs) listed in Taiwan, with demand from retail investors and a strong…
Business
Del Monte Pacific expects capital deficit from write-offs of US unit’s bankruptcy
Its equity investment in Del Monte Foods and receivables due from the unit are expected to be subject to impairment Del Monte Pacific…
Business
Xiaomi founder’s bold EV bet is paying off where Apple’s failed
Lei Jun, founder and chairman of Xiaomi, the only tech company to have successfully diversified into carmaking, could not resist. Speaking…
Business
Stocks to watch: Del Monte, Nanofilm, LHN, mm2 Asia
The following companies saw new developments that may affect trading of their securities on Monday (Jul 7): Del Monte Pacific (DMP): The…
Business
TikTok building new version of app ahead of expected US sale: report
TikTok is building a new version of its app for users in the United States ahead of a planned sale of the app to a group of investors, The…
Business
Nissan considers Foxconn EV output to save Oppama from closure: report
Nissan Motor is in discussions with Taiwan’s Foxconn over electric vehicle (EV) collaboration that could save its Oppama plant in Japan…
Business
Oil slips 1% after Opec+ accelerates output hikes
Oil prices slipped 1 per cent at the start of trading on Monday after Opec+ accelerated output hikes and raised concerns about oversupply.…
Business
Oil tumbles as Opec+ hikes August output more than expected
Oil prices slipped more than 1 per cent on Monday after Opec+ surprised markets by hiking output more than expected in August, raising…
Business
S&P 500 expected to rally further
The S&P 500 staged a remarkable comeback in the second quarter of 2025, recording a new all-time high on Jun 27, after rebounding over 28…
Business
Reit-owned malls more likely to forgo higher rents for right tenant mix
For Singapore-listed real estate investment trusts (S-Reits), rent increases are tempered by longer lease terms, a need to curate tenant…
Business
AIA Singapore steps up wealth management ambitions even as it leverages ageing trend
By 2026, an estimated 21 per cent of Singapore’s population will be aged 65 and above, making it a “super-aged” society. This is a rise…
Business
Broadening bullishness may support interest in new listings, including those headed to Catalist
The Singapore market seemed unstoppable last week. The Straits Times Index (STI) pushed past 4,000 on Wednesday (Jul 2), and closed above…
Business
Reserve Bank of Australia poised for back-to-back rate cuts as tariffs darken outlook
Australia’s central bank is set to deliver its first back-to-back interest rates cuts in six years, stepping up its easing cycle as…
Business
ING looks to expand non-interest income pillars in Singapore to buffer rate risks
Dutch lender ING is accelerating efforts to build up its fee-based revenue amid the prospect of lower interest rates. In Singapore, that…
Business
What Is Cyberspace ID? China to Launch National Digital ID Program, Reinforces Digital Control Era
China has recently been creating quite a buzz in the technology sector, giving Western countries, especially the USA, tough competition.…
Business
OpenAI Announces One-Week Mandatory Break Amid Meta Hiring Spree
The AI powerhouse OpenAI has announced a week-long mandatory break this month, citing employee burnout as the reason behind the decision.…
Business
Nvidia Becomes Most Valued Company with $3.92 Trillion Valuation, Surpasses Apple
Nvidia has made history by hitting a market valuation of $3.92 trillion, overtaking Apple's previous record and coming close to becoming…
Business
Great Eastern says Takeover Code not breached when it shared IFA valuation with OCBC
Great Eastern Holdings said that sharing the indicative range of share values determined by its independent financial adviser (IFA) with…
Business
Foxconn reports record Q2 revenue, cautions about geopolitical and exchange rate risks
Taiwan’s Foxconn, the world’s largest contract electronics maker, reported record second-quarter revenue on strong demand for artificial…
Business
Gold, pesos and lasers: What’s on Fidelity’s investment radar
A weakening US dollar and volatile equity markets were among the hotly discussed themes at Fidelity International’s Asia-Pacific Media…
Business
The Bear Offers Apologies—and an Uncertain Path Forward
But there are diminishing returns elsewhere. The big Berzatto episode doesn’t earn its run time—an hour and nine minutes!—and it fails to…