Business
Indonesian equities plunge after MSCI flags ownership, free float concerns
Global index provider cites persistent ‘fundamental investability issues’ and concerns over coordinated efforts to distort prices Jakarta…
Section
Business
Business
Amazon bungles Wednesday layoff plan with misfired internal email
Amazon on Tuesday appeared to have prematurely alerted Amazon Web Services cloud-computing employees to layoffs planned for Wednesday…
Business
Gold climbs to record high above US$5,300 as US dollar slips
Interest-free gold thrives in low-rate climates as the Fed likely holds rates steady this January — Gold prices rose above US$5,300 per…
Business
SoftBank in talks to invest up to US$30 billion more in OpenAI, source says
BANK is in discussions to invest up to an additional US$30 billion in OpenAI, a person familiar with the matter told Reuters on Tuesday.…
Business
ANZ to combine staff in single location in Singapore office move
The firm joins other banks in the city-state grappling with conflicting goals of trying to reduce office costs Group Holdings plans to…
Business
Hidden risks build at Vietnam banks on mounting debt guarantees
In China, regulators have in recent years told some lenders to limit their use of such arrangements Vietnamese lenders are providing more…
Business
Some in Bank of Japan saw need to watch weak-yen impact on prices in timing rate hike: December minutes
A few Bank of Japan board members said the central bank must be mindful of the impact a weak yen could have on underlying inflation in…
Business
BlackRock cuts private credit executives hired pre-HPS deal
BlackRock is cutting about 10 people from its private financing solutions group as it continues to integrate its US$12 billion acquisition…
Business
Stocks to watch: ST Engineering, Keppel, Hong Leong Asia, Sasseur Reit
The following companies saw new developments that may affect trading of their securities on Wednesday (Jan 28): Singapore Technologies…
Business
ST Engineering posts record S$18.7 billion in contract wins for FY2025
Singapore Technologies Engineering’s (ST Engineering) total contract awards for 2025 reached a record S$18.7 billion, exceeding the S$12.6…
Business
ST Engineering books record S$18.7 billion in contract wins for FY2025
Singapore Technologies Engineering’s (ST Engineering) total contract awards for 2025 reached a record S$18.7 billion, exceeding the S$12.6…
Business
S-Reits set for first DPU recovery in four years: Julius Baer
Singapore’s retail and office sectors are well placed to benefit this year, the analyst says For the first time in four years, Singapore…
Business
Pinterest to cut ‘less than 15%’ of staff amid AI push
The company expects to complete the restructuring plan near the end of its third quarter, ending Sep 30, 2026 Pinterest said that it plans…
Business
Inside Starbucks’ supply struggles: AI glitches, scattered suppliers and sandwich shortages
The coffee chain’s various problems include inaccurate automated counting, ancient computers Four Starbucks CEOs over five years have…
Business
Amazon is closing its Fresh grocery, Go convenience stores
The moves mark the e-commerce giant’s latest retreat from its brick-and-mortar retail efforts Amazon.com is shuttering its Amazon-branded…
Business
Affordability a key focus as food delivery platforms continue to grow: Momentum Works
This has driven down average order value, but the net effect is faster gross merchandise value growth Food delivery platforms across…
Business
US stocks: S&P 500 marks closing record as corporate earnings roll in; Medicare rates hit insurers
S&P 500 notched a record closing high and its fifth straight day of gains on Tuesday with a mixed reception to the latest earnings reports…
Business
BTIG Analyst Sees Path for Nike Comeback in Greater China Market
Following Nike Inc.’s top leadership changes in China, BTIG analyst Robert Drbul is optimistic about the firm’s strategic approach to the…
Business
UPS to cut another 30,000 jobs as it doubles down on turnaround
United Parcel Service on Tuesday (Jan 27) said it would cut up to 30,000 operational roles in 2026, adding to last year’s job reductions…
Business
S&P, Nasdaq opens higher as earnings roll in
The S&P 500 and the Nasdaq opened higher on Tuesday (Jan 27) as investors parsed a fresh round of mega-cap earnings, while health insurers…
Business
American Airlines forecasts upbeat 2026
American Airlines forecast its 2026 profit above Wall Street expectations on Tuesday (Jan 27) even as it flagged a hit of up to US$200…
Business
SoftBank-backed analytics firm Patsnap weighs dual listing in Hong Kong and Singapore
Patsnap, an intellectual-property data provider, is mulling a dual listing in Hong Kong and Singapore, according to people familiar with…
Business
Indonesia's 2025 GDP growth estimated at targeted 5.2%, finance minister says
Overall GDP growth in Indonesia is expected to have met the 5.2 per cent target for 2025 despite widespread destruction caused by floods…
Business
Fed’s first meeting of 2026 likely to be dominated by threats to central bank’s independence
ALL eyes are on what US Federal Reserve chairman Jerome Powell will say and do this week. While he is unlikely to change policy at the end…