Business
Japan firms exit Tokyo exchange at record pace in delisting rush
Japanese companies are leaving the Tokyo Stock Exchange (TSE) at the fastest pace in over a decade, reflecting a surge in deals and…
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Business
Business
Microsoft prepared to abandon high-stakes talks with OpenAI: report
The startup requires approval from the tech giant to complete its transition into a public-benefit corporation, which it believes will…
Business
Asia: Stocks drop after Fed warning, oil dips with Middle East in focus
Asian stocks fell on Thursday after the Federal Reserve warned Donald Trump’s trade war would likely reignite US inflation and dampen…
Business
Bank of Japan’s gloomy projections suggest no rate hike this year: ex-top economist
The Bank of Japan is likely to hold off raising interest rates this year unless a dramatic, positive turn of events in US tariffs allows…
Business
PEC delists from SGX on Jun 19 after US$165 million acquisition by Liberty Energy Solutions
Engineering company PEC was delisted from the mainboard of the Singapore Exchange (SGX) at 9 am on Thursday (Jun 19), after Alliance…
Business
Alibaba Cloud to start second data centre in South Korea by June
The company operates 87 availability zones across 29 global regions and is China’s largest cloud provider Alibaba Group Holding will open…
Business
Blackstone’s ASK plans to hire 70 wealth bankers in India
The group has over 745 billion rupees in assets across alternative investment funds, portfolio management services and private wealth…
Business
Australia: Shares hit 2-week low as miners, gold stocks fall; Fed holds rate
RALIAN shares hit a two-week low in early trade on Thursday, weighed down by miners and gold stocks as the US Federal Reserve’s cautious…
Business
NAB pays A$751,200 penalty on breaches of consumer data rights rules
RALIA’S competition watchdog said on Thursday that the National Australia Bank had paid a fine of A$751,200 (S$629,000) over alleged…
Business
Standard Chartered cuts jobs in Singapore; moves them to India: Finance jobs portal
Dozens of staff at Standard Chartered have reportedly been laid off in Singapore in a fresh round of job cuts by the London-based bank.…
Business
Malaysia FX reserves at three-year high to aid ringgit stability
Malaysia’s increasing currency reserves are bolstering its defences against market volatility. The country’s net foreign exchange (FX)…
Business
Stocks to watch: DBS, UOB, Sats, Far East Orchard, GuocoLand, Elite UK Reit
THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 19): DBS: The lender inked a…
Business
Fidelity, BlackRock target Chinese demand for offshore funds
Fidelity International is poised to offer products that attract mainland investors chasing higher returns from overseas funds, according…
Business
Chipmaker Wolfspeed nears bankruptcy deal with lenders including Apollo
Struggling chipmaker Wolfspeed will be taken over by creditors including Apollo Global Management under a proposal that would put it into…
Business
Oil settles higher as Iran-Israel conflict enters sixth day
Oil prices settled higher on Wednesday in a volatile session as investors weighed the chance of supply disruptions from the Iran-Israel…
Business
Europe: Shares fall as Middle East tensions weigh; eyes on Fed decision
EUROPEAN shares declined on Wednesday as investors awaited the Federal Reserve’s monetary policy decision, with ongoing tensions in the…
Business
US Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees ‘meaningful’ inflation ahead
The US central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025,…
Business
Microsoft planning thousands more job cuts aimed at salespeople
Microsoft is planning to cut thousands of jobs, particularly in sales, as part of the company’s latest move to trim its workforce amid…
Business
US: Stocks flat after Fed decision as markets eye Iran
Wall Street stocks ended little changed on Wednesday after the Federal Reserve kept interest rates steady, while markets followed ongoing…
Business
Why California Remains the Epicenter for Gen Z Led Creator Startups
California has always attracted dreamers who are ready to go the extra mile, but Gen Z is reshaping that story. Armed with smartphones,…
Business
Sats prices US$100 million in fixed-rate notes at 4.648%
In-flight caterer and ground handler Sats on Wednesday (Jun 18) priced US$100 million in fixed-rate notes due Jun 23, 2030, at 4.648 per…
Business
Want to invest in nuclear energy? DBS cites opportunities in mining, utilities stocks
As global interest in nuclear energy surges, investors can gain exposure to the sector by betting on physical uranium or miners, utilities…
Business
Nippon Steel’s US$14.9 billion acquisition of US Steel closes, with big role for Trump
Nippon Steel’s US$14.9 billion acquisition of US Steel closed on Wednesday (Jun 18), the companies said, confirming an unusual degree of…
Business
DBS and Austrade ink deal to help Australian companies expand in South-east Asia
DBS and the Australian Trade and Investment Commission (Austrade) on Wednesday (Jun 18) inked an agreement to deepen investment links…