Business
Keppel Reit preferential offering closes with 76.9% valid acceptances; total applications at 97%
The gross proceeds of S$886.3 million will go into funding the purchase of another one-third interest of Marina Bay Financial Centre’s…
Section
Business
Business
JPMorgan profit falls on one-time Apple card deal charge
Profit fell to US$13 billion, or US$4.63 per share, in the three months ended December 31 JPMorgan Chase’s profit fell in the fourth…
Business
Global central bankers defend Fed’s Powell after Trump threat
Central bankers fear that political influence over the Fed would erode trust in the bank’s commitment to its inflation target The chiefs…
Business
You can buy Steve Jobs' bow ties, desk and other bits of Apple history at this auction
In March 1976, Apple cofounders Steve Jobs and Steve Wozniak both signed a $500 check weeks before the official creation of a California…
Business
Paramount launches Warner Bros proxy fight, files suit
The battle between Netflix and Paramount stands to reshape the entertainment industry regardless of who wins Paramount Skydance ratcheted…
Business
Singapore stocks ride Asian wave amid US ‘self-sabotage’; STI up 0.9%
Japan’s Nikkei 225, South Korea’s Kospi, Hong Kong’s Hang Seng and the FTSE Bursa Malaysia KLCI Index all close higher SINGAPORE shares…
Business
Singapore port achieves record high performance in 2025
The country overtook Hong Kong after hundreds of vessels reflagged from the Chinese city to the Republic in September and October The port…
Business
GigaDevice jumps nearly 40% in Hong Kong debut amid China's chip self-sufficiency drive
Proceeds from the share sale will fund research and development as well as strategic and industry investments Shares of GigaDevice…
Business
AirAsia X to be renamed AirAsia from Jan 19, founder says
AirAsia X will be renamed AirAsia from Jan 19 as low-cost carrier AirAsia reaches the final stages of its restructuring to consolidate all…
Business
Robotics frenzy drives US$24 billion gain in Hyundai Motor stocks
Its projects help to modernise the company’s image, and its undervalued stock has room to rise further Hyundai Motor Group stocks have…
Business
Morgan Stanley lifts Asia bonuses 20% after record revenue haul
Despite a record year in Asia, the bank cautions against raising bonuses too sharply, aiming to smooth compensation Morgan Stanley…
Business
Proactive tax strategy in a shifting global landscape
As OECD rules redefine the game, Singapore’s tax and business leaders are pivoting from compliance to strategic foresight THE global tax…
Business
UBS CEO Sergio Ermotti plans to step down in April 2027, FT reports
UBS Group CEO Sergio Ermotti is planning to step down in April 2027, the Financial Times reported on Tuesday. Aleksandar Ivanovic, UBS’s…
Business
UBS CEO Sergio Ermotti plans to step down in April 2027 after completing Credit Suisse project, FT reports
The report comes at a time when UBS is trying to fight the Swiss government’s proposals to strengthen banking rules UBS CEO Sergio…
Business
UBS CEO Sergio Ermotti plans to step down in April 2027 after completing Credit Suisse project: FT
The report comes at a time when UBS is trying to fight the Swiss government’s proposals to strengthen banking rules UBS CEO Sergio…
Business
China examines foreign ETF trades after Jane Street India probe
Foreign market makers can also trade China ETFs through so-called Stock Connect links between Hong Kong and the mainland CHINA is…
Business
Trump team nears Taiwan trade deal with more US chip investment
Any agreement with Taipei risks provoking China, which claims the island as part of its territory The Trump administration is close to a…
Business
Japan finance minister says US Treasury’s Bessent shares concerns about weak yen
JAPAN’S Finance Minister Satsuki Katayama said she and US Treasury Secretary Scott Bessent shared concerns over what she called the yen’s…
Business
SK Hynix to build 19 trillion won AI memory chip packaging plant
Memory has become a bottleneck that directly limits how quickly data centres can bring new AI accelerators online SK Hynix plans to spend…
Business
Gold eases on profit-booking after breaching US$4,600/oz
Gold eased on Tuesday (Jan 13), a day after breaching US$4,600/ounce for the first time ever, as investors booked profits amid heightened…
Business
UOBKH initiates coverage on NTT DC Reit with ‘buy’; forecasts 41% upside
The analyst points out that the Reit has enjoyed a ‘steady rise’ in portfolio occupancy NTT DC Reit has the highest distribution yield…
Business
Boustead Singapore amends agreement with Unified Industrial to retain control of Vietnam business
This allows the company to better manage its real estate and fund management business in the country Boustead Singapore on Monday (Jan 12)…
Business
Boustead Singapore tweaks deal with Unified Industrial to retain control of Vietnam business
This allows the company to better manage its real estate and fund management business in one of Asean’s fastest growing economy Boustead…
Business
BlackRock cuts hundreds of jobs, trimming about 1% of staff
BlackRock is cutting hundreds of jobs across the company, becoming the latest Wall Street firm to rein in headcount in recent weeks. The…