Business
Citi to cut 3,500 tech jobs in China in global revamp
Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday (Jun 5),…
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Business
Singapore Paincare up 8.3% on Sias valuation
Shares of Singapore Paincare rose on Thursday (Jun 5), a day after the Securities Investors Association (Singapore), or Sias, valued the…
Business
Singapore Paincare up 12.1% as Sias urges shareholders to await IFA report
Shares of Singapore Paincare rose on Thursday (Jun 5), a day after the Securities Investors Association (Singapore), or Sias, said the…
Business
Gold edges higher as soft US data lifts safe-haven demand
Gold prices nudged higher on Thursday (Jun 5), as weaker-than-expected US economic data spurred demand for safe-haven assets, while market…
Business
Amazon’s delivery, logistics get an AI boost
[SUNNYVALE, California] Amazon wants customers to know that artificial intelligence is not just for writing college essays. In a series of…
Business
Stablecoin issuer Circle raises US$1.05 billion in upsized US IPO
CIRCLE Internet on Wednesday (Jun 4) priced its upsized US initial public offering (IPO) at US$31 apiece, raising US$1.05 billion, adding…
Business
Starbucks reshuffles leadership to accelerate turnaround bid
Starbucks is reorganising part of its senior ranks, looking to speed up plans to reverse a sales slump. Mike Grams, hired last year as…
Business
Stocks to watch: ThaiBev, Far East Orchard
The following companies saw new developments that may affect trading of their securities on Thursday (Jun 5). ThaiBev: The beer maker…
Business
Mercedes, BMW step up response to China export curbs to avoid shortages
Automakers in the US and Europe raised concerns about China’s export controls on rare earth metals, as Beijing’s move threatens to disrupt…
Business
Even after explosive run, European defence stocks may still have firepower left
On Sunday (Jun 1), more than 100 Ukrainian drones, reportedly launched from deep in Russian territory, damaged or destroyed US$7 billion…
Business
Oil settles 1% lower after US data shows large builds in fuel stocks
Oil prices settled down just over 1 per cent on Wednesday after US data showed surprisingly large build in petrol and diesel inventories,…
Business
Europe: German stocks rise on tax relief package approval; Stoxx 600 touches one-week high
EUROPEAN stocks closed higher on Wednesday, buoyed by Berlin’s approval of a 46- billion euro (S$68.2 billion) corporate tax relief…
Business
US: Stocks mixed on slower hiring, economic uncertainty
Wall Street stocks closed mixed on Wednesday on signs that US economic activity was cooling, even though investors were careful not to…
Business
Overcoming challenges in sustainable finance
Helge Muenkel, chief sustainability officer, DBS Victor Wong, head of sustainability office, UOB Asset Management Mike Ng, group chief…
Business
Beyond polar bears: How nature-related financing can help companies be more resilient
A cracked, parched earth. Bare trees and withered crops. Emaciated livestock. That is often the image one has when a drought occurs. An…
Business
JPMorgan plans to offer clients financing against crypto ETFs
JPMorgan Chase plans to let trading and wealth-management clients use some cryptocurrency-linked assets as collateral for loans, a major…
Business
True Religion Promotes Kristen D’Arcy and Tina Blake
True Religion has promoted executives Kristen D’Arcy and Tina Blake to support the growth of its digital and women’s businesses and meet…
Business
Staud Said to Bring On a New Investor
The investment set likes growing brands like Staud — even in a mixed-up consumer economy. Well-connected financial sources told WWD that…
Business
Meta sued by Eminem's publishing company over alleged copyright infringement
Eight Mile Style, a company that owns some of Eminem’s most popular songs, is suing social media giant Meta over alleged copyright…
Business
AMC Networks partners with AI startup Runway
AMC Networks, known for series such as “Breaking Bad” and “The Walking Dead,” is partnering with AI startup Runway to use AI tools for…
Business
STMicro to cut 5,000 jobs in next 3 years, says CEO
STMicroelectronics expects 5,000 staff to leave the company in the next three years, including 2,800 job cuts announced earlier this year,…
Business
Why Tesla (TSLA) Shares Are Falling Today
June 4 - Tesla (NASDAQ:TSLA) shares fell nearly 4% on Wednesday morning trading after new data showed a 15% year-on-year drop in the…
Business
US: Wall Street opens slightly higher after private payrolls data
stocks inched up in choppy trading on Wednesday (Jun 4) after weaker-than-expected private payrolls data deepened concerns about the Trump…
Business
Tesla’s China shipments extend slump, bucking broader sales boom
Tesla’s vehicle shipments from its China factory fell for an eighth straight month, extending a global sales slump as chief executive…