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…
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Business
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…
Business
US: Iran-Israel ceasefire lifts stocks
Wall Street stocks jumped on Tuesday (Jun 24) as an Iran-Israel ceasefire appeared to hold through its first day and oil prices continued…
Business
Frasers Centrepoint Trust prices S$200 million perpetual securities at 3.98%
Frasers Centrepoint Trust’s (FCT) trustee HSBC Institutional Trust Services has priced S$200 million subordinated perpetual securities at…
Business
What is Mu? Microsoft Launches Small AI Model That Runs Fast and Private on Your PC
Technology giant Meta has moved a step ahead in making AI competition more interesting by launching a new AI tool, Mu, a small yet…
Business
Bitcoin Surges Past $106K as Ceasefire Hopes Ease Market Jitters, Institutional Bets Climb
The cryptocurrency market saw a sharp turnaround on Monday, June 24, 2025, as Bitcoin (BTC) surged past the $106,000 mark following news…
Business
US: Wall St indexes open higher after Trump's Israel-Iran ceasefire announcement
Wall Street’s main indexes opened higher on Tuesday (Jun 24) as President Donald Trump announced a ceasefire between Israel and Iran,…
Business
Income Insurance to explore other share liquidity options after scuppered Allianz deal: departing chairman Ronald Ong
Income Insurance is “keeping its options open” over various share liquidity options, which could include a share-buyback programme, said…
Business
Finding opportunities in disclosures
Sustainability and climate reporting continue to face widespread resistance among businesses – many of which do not view these issues as…
Business
Big US banks expected to ace stress tests, boost dividends
The biggest US lenders are expected to clear the Federal Reserve’s annual health check this year, showing they have ample capital that can…
Business
Singapore shares rise on Israel-Iran ceasefire; STI up 0.7%
Local shares ended higher on Tuesday (Jun 24), tracking a rally on Wall Street after the US brokered a ceasefire in the conflict between…
Business
Three Arrows founders fail in appeal for orders to disclose crypto fund dealings to be set aside
The Court of Appeal on Tuesday (Jun 24) dismissed an application by the founders of Three Arrows Capital (3AC) to set aside orders…
Business
Indonesia’s sovereign wealth funds Danantara loans US$405 million to flag carrier Garuda
Garuda will receive about US$111 million of the funding, with the remainder going to Citilink for maintenance of about 15 grounded jets…
Business
Indonesia’s sovereign wealth fund Danantara loans US$405 million to flag carrier Garuda
Garuda will receive about US$111 million of the funding, with the remainder going to Citilink for maintenance of about 15 grounded jets…
Business
Global Markets Jump, Oil Drops 3.4% as Trump Claims Israel-Iran Ceasefire
US President Donald Trump announced a ceasefire between Iran and Israel through a social media post, though Iran and Israel continued…
Business
Apple to Acquire Perplexity AI? iPhone Maker Reportedly Eyeing Major Leap Ahead
Apple is said to be mulling over the possibility of acquiring Perplexity, an AI startup behind AI forays into search tools and chatbot…