Business
US: Wall Street opens higher on jobs data optimism; Tesla rebounds
stock indexes opened higher on Friday (Jun 6) after a strong jobs report calmed worries over the health of the labour market, while Tesla…
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Business
UBS faces tough new Swiss banking sector rules
The Swiss government on Friday (Jun 6) proposed stricter rules for UBS following its takeover of Credit Suisse, which could make it hold…
Business
Sasseur Reit receives up to 508 million yuan from sponsor for refinancing
Sasseur Real Estate Investment Trust’s (Reit) said a wholly owned subsidiary of its sponsor has entered into an unsecured sponsor loan…
Business
Stonepeak said to be in exclusive talks for RM9 billion buyout of Yinson
EPEAK Partners is in exclusive talks for a buyout of Yinson Holdings that may value the firm at as much as RM9 billion (S$2.73 billion),…
Business
Thakral’s associate GemLife in advanced talks to IPO on Australian exchange via stapled securities
There is still no assurance or certainty that the proposed IPO would proceed and close successfully, says the company Property investor…
Business
Asia's Markets Slide as Trump-Musk Clash Rattles Tech Stocks, Eyes Now on US Payrolls
Asian markets opened Friday with guarded optimism following a dramatic overnight fallout between U.S. President Donald Trump and tech…
Business
Procter & Gamble’s job cuts raise questions over possible impact on Singapore operations, new facility plans
Procter & Gamble (P&G) has so far stayed silent about how its planned reduction of about 15 per cent of its global non-manufacturing…
Business
Procter & Gamble’s job cuts raise questions over possible impact on 2,300 staff and operations in Singapore
Procter & Gamble (P&G) has so far stayed silent about how its planned reduction of about 15 per cent of its global non-manufacturing…
Business
Venture capital investment is rising in Los Angeles — and not just for AI startups
Early this year, private equity firm Blackstone bet big on the future of artificial intelligence by investing $300 million in a Chatsworth…
Business
Hello Kitty owner overtakes Toyota in stock turnover
Shares of Sanrio, which was added to MSCI’s Japan index last month, jumped 12% in May Hello Kitty owner Sanrio surpassed Japan’s biggest…
Business
Singapore stocks rise post Trump-Xi talks; STI up 0.4%
Across the broader market, gainers beat losers 266 to 205 as 849.5 million securities worth S$1.1 billion change hands. Local bourse ended…
Business
Japan curry shops see record bankruptcies as rice prices soar
Thirteen curry shops with more than 10 million yen (S$89,345) in debt filed for bankruptcy in the year ending in March A record number of…
Business
Gold could test US$4,000 an ounce amid fiscal fears, escalating trade tensions: market watchers
While gold has cemented itself above US$3,000 an ounce in 2025 amid trade uncertainty and US fiscal fears, a bullish forecast could see…
Business
India focuses on growth with larger-than-expected 50 bps cut in key rate; slashes reserve ratio
The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points on Friday, a third consecutive reduction,…
Business
MAS, SPF to block website access to unlicensed trading platforms Octa and XM from Jun 20
The websites of unlicensed trading platforms Octa and XM will be blocked for Singapore residents with effect from Jun 20, said the…
Business
Teo Chee Hean to succeed Lim Boon Heng as Temasek chairman in October
Former senior minister Teo Chee Hean will become chairman of Temasek Holdings in October, taking over from Lim Boon Heng, Temasek said in…
Business
Cordlife collection rates have not recovered to pre-incident levels, but resumption of Singapore operations are ‘encouraging’
Cordlife said that the full resumption of its Singapore operations is an “encouraging step” in restoring client confidence and regaining…
Business
Cordlife collection rates still under pre-incident levels, but resumed Singapore operations are ‘encouraging’
Cordlife said that the full resumption of its Singapore operations is an “encouraging step” in restoring client confidence and regaining…
Business
Indonesia sovereign wealth fund interested in Grab-GoTo deal: Bloomberg
Indonesia’s sovereign wealth fund Danantara is considering a stake in the Grab acquisition of GoTo for US$7 billion, reported Bloomberg.…
Business
Lightstone Ventures, Temasek’s ClavystBio co-lead Allay Therapeutics’ US$57.5 million Series D funding
The company’s technology is used to create analgesic products that can aid patients with post-surgical pain management and recuperation…
Business
Collage of 'Philippine traffic conditions' misuses Vietnam photo
Supporters of President Ferdinand Marcos have misrepresented a photo of a congested road in Vietnam as depicting gridlock in the…
Business
Keppel divests S$80 million of assets as part of multi-billion dollar monetisation programme
Asset manager Keppel is divesting its stakes in a New-York based company and an integrated agricultural logistics park in China to unlock…
Business
US Treasury says Bank of Japan should continue to tighten policy
The Bank of Japan should continue to proceed with monetary tightening, which would support a “normalisation of the yen’s weakness” and…
Business
Sats proposes sale of 49% stake in holding company to Swiss airline caterer for 4.2 million euros
The disposal is consistent with its capital recycling and reallocation strategy, the ground handler says Ground handler Sats is proposing…