Business
Slow rate hikes could cause wage-price spiral, Bank of Japan paper says
Hiking interest rates only gradually as raw material costs rise could heighten the risk of an upward spiral in wages and consumer prices,…
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Business
Business
How Pop Mart’s Labubu became a monster of a business
LABUBU is a little doll in fleecy, bunny-eared onesies whose coffee-bean eyes hover above a serrated row of smiling teeth. Ostensibly an…
Business
JPMorgan, Macquarie bet on S-Reits amid falling borrowing costs, MAS mandates
Singapore-listed real estate investment trusts (S-Reits) could gain from falling interest rates, particularly those with a domestic focus,…
Business
China keeps benchmark lending rates unchanged as expected in June
China kept benchmark lending rates unchanged as expected on Friday, after Beijing rolled out sweeping monetary easing measures a month…
Business
Stock to watch: SingPost
The following company saw new developments that may affect trading of its securities on Friday (Jun 20): Singapore Post (SingPost): The…
Business
Singapore’s banking hub has a corner where cash is still king
In the heart of Singapore, a financial hub where billions of dollars zip around the world over computer screens in nanoseconds, there’s a…
Business
Singapore’s banking hub has a busy corner where cash is still king
In the heart of Singapore, a financial hub where billions of dollars zip around the world over computer screens in nanoseconds, there’s a…
Business
MOF says SRS withdrawal process ‘can be improved’; to work with banks
The government will work with Supplementary Retirement Scheme (SRS) bank operators to improve the process of withdrawing funds from their…
Business
Finance ministry says SRS withdrawal process ‘can be improved’, will work with banks on this
The government will work with Supplementary Retirement Scheme (SRS) bank operators to smoothen account holders’ process of withdrawing…
Business
MOF says SRS withdrawal process ‘can be improved’, will work with banks on this
The government will work with Supplementary Retirement Scheme (SRS) bank operators to smoothen account holders’ process of withdrawing…
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…
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…