Business
Bank of Korea warns of housing, debt risks as easing continues
Persistent housing price gains, particularly in the Seoul metropolitan area, could accelerate debt accumulation in South Korea and pose…
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Business
Business
Tesla sales skid in Europe in May despite EV rebound
The EU aims to end sales of new internal combustion engine cars in 2035, but high prices and a perceived lack of charging infrastructure…
Business
Australia’s Star casino shareholders approve A$300 million rescue package
Star Entertainment Group’s shareholders approved on Wednesday (Jun 25) an A$300 million (S$250 million) rescue package that will allow the…
Business
Asia: Stocks rally as Iran-Israel ceasefire holds, oil claws back some losses
Most equities extended a global rally on Wednesday (Jun 25) after Iran and Israel agreed to a ceasefire that ended more than a week of…
Business
China seizes moment to globalise yuan as US dollar doubts mount
China is launching a sweeping campaign to promote the yuan’s global role, seizing what officials see as a rare strategic opening. With the…
Business
China urges AIIB to step up cross-border development funding, says global aid drying up
Chinese officials have increasingly emphasised ties with South-east Asia, which last year overtook the EU to become the US$19 trillion…
Business
China makes pitch for more private cash in cross-border projects
China’s Finance Minister Lan Fo’an has urged a greater role for private investment in ensuring sustainable funding for cross-border…
Business
Switzerland's ebbing glaciers show a new, strange phenomenon: Holes reminiscent of Swiss cheese
RHONE GLACIER, Switzerland (AP) — Climate change appears to be making some of Switzerland's vaunted glaciers look like Swiss cheese: Full…
Business
Some in Bank of Japan called for keeping rates low for now, June summary shows
Several opinions have warned of the expected hit to Japan’s fragile economy from sweeping US tariffs Some Bank of Japan (BOJ) policymakers…
Business
Bank of Japan board divided over rate pause and inflation risks, June summary shows
Some Bank of Japan (BBOJ) policymakers called for keeping interest rates steady for the time being due to uncertainty over the impact of…
Business
ST Engineering divests entire equity interest in US-based construction manufacturer LeeBoy for US$290 million
Singapore Technologies Engineering (ST Engineering) on Tuesday (Jun 24) announced that it will be selling its entire equity interest in ST…
Business
ST Engineering divests entire equity interest in US-based construction player LeeBoy for US$290 million
Singapore Technologies Engineering (ST Engineering) on Tuesday (Jun 24) announced that it will be selling its entire equity interest in ST…
Business
New Zealand-based Xero forks out over US$2.5 billion to buy US fintech firm Melio
The deal will be funded through a placement to raise US$1.2 billion, a US$400 million unsecured credit facility, among others Xero, New…
Business
Labubu’s Pop Mart share price weakness does not faze analysts; Nomura confident its growth story is intact
Analysts are still bullish on Chinese toy company favourite – Pop Mart International Group – despite its recent share price plunge, in…
Business
Labubu’s Pop Mart share tumble does not faze analysts; Nomura confident growth story is intact
Analysts are still bullish on Chinese toy company favourite – Pop Mart International Group – despite its recent share price plunge, in…
Business
Labubu’s Pop Mart share tumble does not faze analysts, who flag company's growth story
Analysts are still bullish on Chinese toy company favourite – Pop Mart International Group – despite its recent share price plunge, in…
Business
Stocks to watch: Sembcorp Industries, ST Engineering, Frasers Centrepoint Trust
The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 25): Sembcorp Industries: The…
Business
Target explores factory-direct shipping model used by Temu
Target is testing the delivery of products directly to customers’ homes from factories, said sources familiar with the matter, an effort…
Business
Sembcorp unit prices S$300 million fixed rate notes at 3.55%
The offering is close to seven times oversubscribed against the target issuance size Sembcorp Financial Services (SFS), a wholly owned…
Business
China’s wealth fund pulls plug on US$1 billion private equity sale
China’s sovereign wealth fund has pulled its planned sale of US$1 billion in US fund stakes tied to some of the biggest names in private…
Business
Ping An builds HK$180 billion stake in China banks on dividend bet
Ping An Insurance Group, as well as other Chinese insurers, have ramped up investments in the nation’s biggest banks on a bet that the…
Business
Daiwa plans 100 billion yen real estate fund as Japan market booms
Daiwa Securities Group plans to launch a real estate fund with two partners, tapping investor demand for a piece of Japan’s booming…
Business
BlackBerry raises annual revenue forecast on robust demand for cybersecurity services
The Waterloo-based company’s expects revenue between US$234 million and US$244 million for the unit, from its prior forecast of US$230…
Business
FedEx forecasts profits below analysts’ target, shares dive 5% after hours
FedEx signalled caution ahead with a forecast for the current quarter that was short of the target set by analysts, and shares of the…