Business
MAS proposals a step forward in ‘democratising’ investing, ‘strikes right balance’: observers
The Monetary Authority of Singapore’s (MAS) proposals to strengthen product highlights sheet (PHS) requirements and streamline the…
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Business
Business
Singapore’s STI hits new high as investors flock to safe havens amid global risks
The Straits Times Index (STI) briefly notched a new record of 4,008.15 points on Wednesday (Jul 2) as Singapore draws a rush of investors…
Business
Singapore’s STI hits new high as investors flee to safe havens amid global risks
The Straits Times Index (STI) briefly notched a new record of 4,008.15 points on Wednesday (Jul 2) as Singapore draws a rush of investors…
Business
Singapore’s STI hits new high as investors are drawn to safe havens amid global risks
The Straits Times Index (STI) notched a new record of 4,011.78 points on Wednesday (Jul 2) as Singapore draws a rush of investors seeking…
Business
Gold prices ease ahead of US data as investors weigh Fed rate stance
Gold prices edged lower on Wednesday (Jul 2) as investors awaited US payroll data and assessed Federal Reserve chair Jerome Powell’s…
Business
Alibaba expands AI cloud services in Malaysia, Philippines
The company will accelerate the buildout of its global cloud network in China, Japan, South Korea, South-east Asia, the Middle East,…
Business
Yangzijiang Financial up 6% after update on maritime subsidiary incorporation
Shares of Yangzijiang (YZJ) Financial rose by 6 per cent on Wednesday (Jul 2) morning, following an update by the group on its…
Business
Yangzijiang Financial rises over 6% after update on maritime subsidiary incorporation
Shares of Yangzijiang (YZJ) Financial rose by over 6 per cent on Wednesday (Jul 2) morning, following an update by the group on its…
Business
Intel’s new CEO explores big shift in chip manufacturing business
Intel’s new chief executive is exploring a big change to its contract manufacturing business to win major customers, two sources familiar…
Business
Canned-food producer Del Monte Foods files for bankruptcy
The company has both liabilities and assets estimated between US$1 billion and US$10 billion Canned fruit company Del Monte Foods filed…
Business
Del Monte Foods files for bankruptcy; SGX-listed parent has over US$700 million exposure to US unit
Del Monte Pacific (DMP) is expected to take a body blow from the failure of its US unit as the latter accounts for a big chunk of its…
Business
Toyota delays EV plans to boost petrol-fuelled SUV output
Toyota Motor is tapping the brakes on plans to build electric vehicles (EVs) in the US to free up manufacturing capacity for a popular…
Business
Bezos unloads US$737 million of Amazon stock in year’s first sale
Jeff Bezos sold 3.3 million Amazon.com shares in recent days, netting US$736.7 million. The sale, which coincided with his star-studded…
Business
YZJ Financial incorporates YZJ Maritime Development as subsidiary at issued and paid-up share capital of US$100
Yangzijiang Financial released an update on Wednesday (Jul 2) that its proposed spin-off company Yangzijiang (YZJ) Maritime Development…
Business
Lendlease seeks S$3.4 million in arrears from Cathay Cineplexes: mm2 Asia
Embattled cinema chain Cathay Cineplexes on Tuesday (Jul 1) received a statutory demand from laywers representing the landlord of its…
Business
Cathay Cineplexes gets S$3.4 million payment demand from landlord of shuttered Jem outlet
Lendlease Global Commercial Reit is seeking arrears in connection to the cinema chain’s use of the mall’s premises, which are to be paid…
Business
Central banks are ditching the greenback: What’s in favour instead?
Central banks hold a variety of assets, each serving a specific purpose tied to their mandate of maintaining monetary and financial…
Business
Qantas says hit by ‘significant’ cyberattack
Australian airline Qantas said on Wednesday it was investigating a “significant” cyberattack, after hackers infiltrated a system…
Business
Hong Kong steps up defence of FX peg as fixed range tested again
The latest intervention will turn trader focus to the city’s interbank rates, known as Hibor. Hong Kong’s de-facto central bank ramped up…
Business
Stocks to watch: Nio, Lendlease Global Commercial Reit, mm2 Asia
The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 2): Nio: The electric vehicle…
Business
Stocks to watch: Nio, Yangzijiang Financial, Lendlease Global Commercial Reit, mm2 Asia
The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 2): Nio: The electric vehicle…
Business
Musk takes over Tesla’s Europe, US sales after Omead Afshar’s exit
Chief executive officer Elon Musk has assumed oversight of Tesla’s sales in Europe and the US following the departure of longtime deputy…
Business
Binance to keep hundreds of staff in Singapore despite crackdown
The world’s largest digital assets exchange Binance, plans to keep hundreds of remote workers in Singapore, despite a crackdown on…
Business
Tesla’s sluggish sales return to the fore after robotaxi debut
Tesla’s rally off the back of launching a limited driverless taxi service is about to be tested by what analysts expect will be another…