Business
Wall Street Today: Dow Drops, Nasdaq Rises as Investors Eye Fed Caution and Geopolitical Ease
The US markets took a breather on Wednesday, closing mixed after two days of strong gains. The Nasdaq gained 61 points, the S&P 500 was…
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Business
Business
Israel Labels Iran's Central Bank as Terror Entity Amid Rising Tensions
Israel has officially labelled Iran's Central Bank a terrorist entity, citing its alleged role in financing militant operations across the…
Business
Nvidia Becomes World's Most Valuable Company Again as AI Boom Lifts Stock
Nvidia stock soared to new heights on Wednesday, allowing the company to once again become the most valuable publicly traded firm in the…
Business
Bank of Korea overhauls repo framework amid changing liquidity conditions
The Bank of Korea (BOK) said it’s revamping its open market operation framework to increase its operational flexibility to manage…
Business
Asia: Stocks down with eyes on Mideast, dollar hit by Trump Fed comment
Most stocks fell on Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after…
Business
China opens first offshore gold vault and contracts in Hong Kong
The Shanghai Gold Exchange (SGE) has expanded outside mainland China for the first time, with the rollout of two new contracts and a…
Business
Mars US$36 billion Kellanova deal waved ahead by US regulator
Mars’ US$36 billion takeover of snack maker Kellanova was given the green light by the US Federal Trade Commission (FTC) on the same day…
Business
Indonesia’s yield curve may steepen as Bank Indonesia unwinds intervention
Indonesia’s sovereign yield curve is set to steepen as the central bank reduces its use of short-term rupiah securities, prompting a shift…
Business
Australia job vacancies bounce 2.9% in May quarter, ABS data shows
SYDNEY (Reuters) -Job vacancies in Australia rebounded in the May quarter, led by openings in the construction and professional sectors,…
Business
Civmec to acquire ship manufacturer Luerssen Australia for A$20 million
The aim of the deal is to solidify Australia’s sovereign shipbuilding capability Australian construction engineering company Civmec will…
Business
Civmec set to acquire ship manufacturer Luerssen Australia for A$20 million
Construction and engineering services provider Civmec will purchase Luerssen Australia from Naval Vessels Lurssen (NVL) Australia for A$20…
Business
Gold inches higher as dollar softens, focus shifts to US economic data
Markets are awaiting US GDP data due later in the day and Personal Consumption Expenditures data on Friday Gold prices nudged higher on…
Business
CapitaLand India Trust prices S$100 million perpetual securities at 4.4%
The issuance is part of Clint’s S$1.5 billion multicurrency debt issuance programme CapitaLand India Trust (Clint) has priced S$100…
Business
Bumble to lay off 30% of global workforce as dating apps struggle
Bumble said on Wednesday (Jun 25) it would lay off nearly a third of its workforce, the latest cuts in a dating app industry striving to…
Business
Foxconn nears deal to supply electric buses to Mitsubishi Fuso: report
The Japanese commercial automaker and Taiwanese chipmaker are looking to create a new company to oversee the buses, according to the…
Business
Microsoft and OpenAI dueling over artificial general intelligence: report
OSOFT and OpenAI are at odds over a contractual provision related to artificial general intelligence, The Information reported on…
Business
Stocks to watch: SIA, Sembcorp, Keppel, Cordlife, CapitaLand India Trust, Civmec, ASL Marine
The following companies saw new developments that may affect trading of their securities on Thursday (Jun 26): Singapore Airlines (SIA):…
Business
Circle K owner misses estimates on lower fuel prices, demand
Circle K owner Alimentation Couche-Tard slightly missed earnings estimates for its fiscal fourth quarter earnings because of lower fuel…
Business
Shell says it isn’t in talks to take over oil rival BP
Speculation has been growing that the embattled company would become a takeover target Shell denied a Wall Street Journal report that it…
Business
Shell says it has no intention of making an offer for BP
Shell said it has no intention of making a takeover offer for BP, refuting an earlier report that two of Europe’s biggest companies were…
Business
Trump-backed crypto firm is planning stablecoin audit, new app
Zak Folkman, the co-founder of US President Donald Trump’s cryptocurrency platform World Liberty Financial (WLF), said on Wednesday (Jun…
Business
China’s Xiaomi to launch first SUV as shares near record high
The unveiling of Xiaomi’s first electric SUV on Thursday (Jun 26) will showcase how the Chinese tech company has become an investor…
Business
Xiaomi launches YU7, undercutting Tesla’s Model Y on price
Chinese EV and smartphone maker Xiaomi on Thursday (Jun 26) priced its new electric YU7 SUV from 253,500 yuan (S$45,102), almost 4 per…
Business
Partial offer for Cordlife lapses with Thai-listed Medeze obtaining less than 1% stake
An independent financial adviser had earlier deemed the offer unfair and unreasonable A partial offer for a 10 per cent stake in Cordlife…