Business
Oil prices up nearly 3% as Israel-Iran conflict escalates, US response remains uncertain
Oil prices jumped almost 3 per cent on Thursday as a week-old air war between Israel and Iran escalated and uncertainty about potential US…
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Business
Business
Europe: Shares dive as Middle East tensions, US involvement fears weigh
EUROPEAN shares skidded to an over one-month low on Thursday as escalating Middle East tensions and fears over potential US involvement…
Business
Driverless disruption: Tech titans gird for robotaxi wars with new factory and territories
As three key players vie for dominance, the race to put driverless taxis on roads across the country is heating up. Waymo, owned by…
Business
John Tighe Named CEO of Tailored Brands
There’s been a changing of the guard at Tailored Brands. Long-time men’s merchant John Tighe, who joined the retailer in 2021, will become…
Business
Joe Freshgoods Just Debuted His Latest New Balance Collaboration: ‘Everything Comes From Pink’
In FN’s recent interview documenting the making of the just-released New Balance Abzorb 2000, the sportswear brand’s general manager of…
Business
Top Thai billionaires-backed groups win digital bank permits
Three groups led by Charoen Pokmhand Group, Gulf Development and SCB X have clinched Thailand’s new virtual bank licences to boost…
Business
DBS expects economic value from its use of AI to exceed S$1 billion in 2025
Banks are ramping up their use of artificial intelligence (AI), and DBS – which has earned S$750 million through its use of the technology…
Business
Bank of England keeps rates steady, sees further loosening as jobs market weakens
The Bank of England held interest rates at 4.25 per cent as expected on Thursday (Jun 19) but said it was focused on risks from a weaker…
Business
The Wrong Way to Build a Nuclear Renaissance
The real bottleneck to nuclear progress in America isn’t a lack of federal financing. Source link
Business
Weaker greenback raises risk of currency mismatch for Asian insurers holding USD assets
A mismatch between the currencies in which insurers’ assets and liabilities are held can put pressure on their capital and ability to…
Business
Singapore stocks sink on Thursday after Powell signals higher inflation; STI down 0.7%
Local shares fell for a second consecutive session on Thursday (Jun 19), after US Federal Reserve chair Jerome Powell warned of…
Business
South Korea’s Cuckoo set for Malaysia debut after scaling down IPO
A subsidiary of South Korean home-appliance maker Cuckoo Holdings is set to go public in Malaysia after a scaled-down offering that is…
Business
Chevron seeks buyers for 50% stake in Singapore refinery: sources
US oil major Chevron has sought non-binding bids for the sale of its 50 per cent stake in Singapore Refining Company (SRC), including from…
Business
Indonesia central bank makes market intervention after rupiah depreciation
Indonesia’s central bank intervened in the foreign exchange market in a measured way on Thursday (Jun 19), an official said, after the…
Business
Japan to cut super-long bond sales by 10% to calm markets
Japan’s government plans to cut sales of super-long bonds by about 10 per cent from its original plan in a rare revision to its bond…
Business
Grab-GoTo merger talks face Indonesian regulatory hurdles: sources
[JAKARTA/SINGAPORE] Singapore-based Grab’s plan to acquire Indonesia’s GoTo to create a dominant South-east Asian ride hailing and food…
Business
Swiss National Bank cuts interest rate to zero in effort to stop franc inflows
The Swiss National Bank (SNB) cut its interest rate to zero, seeking to deter investors from pushing up the franc. The quarter-point…
Business
Swiss watch exports slump in May as US tariffs shake market
Asia exports slump as shipments to China, Japan and Hong Kong plunge by double digits in latest data Swiss watch exports dropped by almost…
Business
Philippines cuts key rate again as inflation stays below target
The Bangko Sentral ng Pilipinas reduced its overnight target reverse repurchase rate to 5.25% on Thursday The Philippine central bank…
Business
Markets Dip as Trump Mulls Iran Strike; Brent Near $78, Gold Hits $3,372, DAX Falls 0.3%
Global markets edged lower Thursday amid fears the U.S. might enter the Israel-Iran conflict, with Brent crude near a 4.5-month high at…
Business
SingPost puts up 10 HDB shophouses for S$50 million in sale-and-leaseback bid
National postal service provider Singapore Post (SingPost) has put up 10 Housing & Development Board (HDB) shophouses for sale and…
Business
Hong Kong Monetary Authority says outlook for local currency uncertain
The city’s de-facto central bank has made the comments in response to the US Federal Reserve’s overnight decision to keep rates unchanged…
Business
Globally diversified equities remain attractive amid yet another Fed pause: analysts
Analysts continue to favour globally diversified equities, as the US Federal Reserve kept interest rates unchanged on Wednesday (Jun 18).…
Business
US recovers US$225 million stolen in crypto scam
The US government said on Wednesday it recovered US$225 million in the largest seizure yet of money stolen in a cryptocurrency confidence…