Business
ABS introduces digital tool for banks to verify trade financing documents
BANKS in the Republic can now better tackle trade finance fraud with a new automated digital tool that checks the authenticity of bills of…
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Business
Business
South Korea’s Mint halts gold bar sales as supply tightens
SOUTH Korea’s Mint has temporarily suspended sales of gold bars, adding to signs of widespread tightness across markets for physical…
Business
Malaysia’s Sarawak now gets its own airline in autonomy quest
Sarawak will sign a sales and purchase agreement on Wednesday to acquire MASwings MALAYSIA’S Sarawak state will acquire a sister company…
Business
EXCLUSIVE: Quay Relaunches Optical Eyewear Category With Focus on Expanded Distribution
Quay is putting a bigger focus on its optical eyewear category. The Australian eyewear brand is relaunching its optical category this…
Business
Trump’s crypto company launches strategic ‘token reserve’
WORLD Liberty Financial (WLF), the new crypto platform in which US President Donald Trump holds a financial stake, announced that it was…
Business
CBA’s first-half profit beats estimates on strong asset quality, lending volume growth
COMMONWEALTH Bank of Australia’s (CBA) first-half cash earnings beat estimates on Wednesday (Feb 12), as lending volume growth and lower…
Business
BlackRock, FDIC seek to end regulatory row over bank stakes
The FDIC wants disclosures on any potential effort by large asset managers to sway banks where they have sizeable stakes BLACKROCK and the…
Business
Only these 5 SGX-listed companies made it to a list of 100 fastest growing firms in Singapore
THERE are only five Singapore Exchange (SGX)-listed companies on a list of 100 fastest-growing firms based in Singapore and they hail from…
Business
Percentage of Singaporeans trading in SGX dives as they chase quick gains, liquidity elsewhere
KELVIN Tan began investing online in 2018 and, like many Singaporeans, put all of his money into local stocks. Two years later, he had…
Business
China quants rebound on stocks rally as investors woo new stars
CHINESE quantitative hedge funds saw a strong rebound in the final quarter of 2024, saving the industry from an otherwise bruising year…
Business
Super Micro gains on long-term forecast, pledge on filings
SUPER Micro Computer rose in extended trading after giving an aggressive long-term revenue outlook and saying it “believes” it will meet a…
Business
February Car Market Analysis: Growth, Challenges, and Opportunities
The car market closed in February with remarkable achievements, solidifying its position as a vital component of economic growth and…
Business
KKR nears US$14 billion for buyout fund in show of momentum
KKR is more than halfway to a US$20 billion money-raising goal for its North America buyout fund, a sign of momentum during a difficult…
Business
JPMorgan adds buy-now, pay-later provider Klarna to its payments platform
JPMORGAN Chase’s payments processing unit is partnering with fintech Klarna to expand buy now, pay later (BNPL) options for its merchants.…
Business
Carrefour proposes buyout of Brazilian grocery unit Atacadao
FRENCH grocer Carrefour submitted a proposal for a take-private of its Brazilian subsidiary Atacadao. Atacadao said that its management…
Business
Tailored Brands Adds Chief Customer Officer to Its C-Suite
Tailored Brands is adding to its C-suite. The parent company of Men’s Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore is…
Business
Listed companies can dial down on diversity; profits, financial prudence, shareholder treatment matter more
LIVING in multi-racial, multi-religious Singapore – where people hail from diverse nationalities and many are foreign-born – is fun. One…
Business
First Reit’s H2 DPU falls 6.5% to S$0.0116
HEALTHCARE real estate investment trust (Reit) First Reit posted a distribution per unit (DPU) of S$0.0116 for the second half of its 2024…
Business
Lawsuit brought against PropNex unit on alleged salesperson misconduct
REAL estate services group PropNex said that its wholly owned subsidiary PropNex Realty, has been named as one of three co-defendants in a…
Business
US: Wall St opens lower with Powell’s testimony on tap
WALL Street’s main indexes opened lower on Tuesday (Feb 11), as investors awaited a testimony from Federal Reserve Chair Jerome Powell for…
Business
Huge data price hike sparks anger in Nigeria
Nigerians are expressing outrage over a big jump in the price of mobile data charged by some of the country's major phone networks. MTN -…
Business
Coca-Cola posts surprise revenue jump on higher prices, steady demand
It’s focused on capturing demand in emerging markets such as India and expanding its portfolio in North America Coca-Cola posted a…
Business
SGX securities turnover value up 1% in January; volume down 31%
THE total securities market turnover value on the Singapore Exchange (SGX) increased 1 per cent year on year (yoy) to S$20.8 billion in…
Business
BP pledges reset as annual profit dips below US$9 billion
BP CEO Murray Auchincloss pledged on Tuesday (Feb 11) to fundamentally reset the company’s strategy as it reported a 35 per cent fall in…