Business
Stocks to watch: DFI Retail Group, Q&M Dental Group, Aoxin Q&M, Ossia International
The following companies saw new developments that may affect trading of their securities on Tuesday (May 20). DFI Retail Group: The…
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Business
Local building boom will fuel growth, says top Vietnam steelmaker
Vietnam’s top steelmaker Hoa Phat Group is counting on the nation’s rising economic growth and massive infrastructure projects from…
Business
Can Sam Altman Be Trusted with the Future?
In 2017, soon after Google researchers invented a new kind of neural network called a transformer, a young OpenAI engineer named Alec…
Business
After rocky week, Coinbase becomes first crypto exchange to join the S&P 500
Coinbase on Monday became the first cryptocurrency exchange to join the Standard & Poor’s 500 index, marking a pivotal moment for the…
Business
Resurrecting Hudson’s Bay, in a Limited Way
Hudson’s Bay is liquidating all of its stores but won’t completely disappear from the Canadian retail landscape. The Canadian Tire Corp.…
Business
Billionaire Richard Li's FWD Group again files for Hong Kong listing
Its previous attempts to go public were scuttled by regulatory delays and market volatility Group, a Hong Kong-based insurer backed by…
Business
US: Wall St opens lower after Moody's rating cut; yields rise
Wall Street’s main indexes opened lower on Monday (May 19) as Treasury yields rose after Moody’s downgraded the US sovereign rating,…
Business
23andMe sells gene-testing business to DNA drug maker Regeneron
Bankrupt genetic-testing firm 23andMe agreed to sell its data bank, which once contained DNA samples from about 15 million people, to the…
Business
DFI Retail Group’s Q1 underlying profit falls 18% on sale of Chinese supermarket
DFI Retail Group’s underlying profit for Q1 2025 fell 18 per cent compared with the same period a year ago, due to the divestment of…
Business
Ossia appoints Asian Corporate Advisors as independent financial adviser for privatisation offer
The controlling shareholders of Ossia have made an unconditional offer on May 15 to take the company private at S$0.16 a share…
Business
Toyota Industries to accept bid by Toyota Group
Toyota Industries is set to accept a buyout offer from the Toyota group, Kyodo news reported on Monday (May 19) without attribution. It…
Business
FCT to draw on additional debt financing to fund Northpoint City acquisition
The acquisition of Northpoint City’s south wing may be financed either with or without the issuance of perpetual securities, said the…
Business
Kenny Smith Isn’t Going Fishing Yet
Last July, the National Basketball Association announced a new eleven-year media-rights agreement with Amazon, NBC, and ESPN, set to take…
Business
Wanted: C-suiters and specialists to serve ultra-rich as they pivot to alternative assets
As demand for alternative assets is heating up in Singapore, so too is the need to hire more staff versed in the field. Leading…
Business
GXS’ acquisition of Validus’ Singapore business a sign of market validation
The recent acquisition of small and medium enterprise (SME) lender Validus’ Singapore business is a sign of market consolidation and…
Business
Some China companies eyeing Singapore listings to expand markets amid trade war: sources
AT LEAST five companies from mainland China or Hong Kong are planning IPOs, dual listings, or share placements in Singapore in the next 12…
Business
Income’s financial advisory arm wants to capture demand for alternative investments
Amid growing demand for private market and alternative investment products in Singapore, financial advisers are increasing efforts to…
Business
Directors in developers and maritime stocks elevating interests
OVER the four trading sessions from May 9 to 15, institutions were net sellers of Singapore stocks, with net institutional outflow of S$55…
Business
Binance, Kraken are said to have been targets of hacks
Binance and Kraken are among major crypto exchanges that have been targeted by the same type of social-engineering hack that was recently…
Business
Brazilian "Supercows" Reportedly Close to Achieving World Domination
More Cowbell In southeastern Brazil, bovine beauty pageants help determine the most genetically desirable cows in the world — and these…
Business
The President Who Became a Prophet
On April 1st, the day before President Donald Trump’s tariffs cratered global markets, House Speaker Mike Johnson told reporters “to trust…
Business
OpenAI to help UAE develop one of world’s biggest data centres
OpenAI plans to help develop a massive new data centre in the United Arab Emirates that may eventually be one of the largest in the world,…
Business
Nordstrom Shareholders Give Thumbs-up on Privatizing
Nordstrom Inc. shareholders have approved the company’s plan to go private. The green light by shareholders, which was expected, was…
Business
Europe: Stoxx 600 rounds off fifth week of gains, Cartier-parent Richemont advances
European shares rounded off their fifth week of gains on Friday (May 16), as trade deals out of the US eased tariff worries and strong…