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Musk says xAI to take legal action against Apple over App Store rankings
IONAIRE Elon Musk said on Monday his artificial intelligence startup xAI would take legal action against Apple, accusing the iPhone maker…
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Asia: Most markets rise as China-US truce extended, inflation in focus
Asian markets mostly rose on Tuesday as investors welcomed the extension of a China-US tariff truce but looked ahead apprehensively to the…
Business
Spirit Airlines issues going concern as it faces cash crunch
Spirit Airlines warned investors it may not survive as a going concern if it cannot raise cash quickly enough to satisfy creditors. The…
Business
Gold prices edge higher as spotlight shifts to US inflation data
Trump has signed an executive order extending a pause in sharply higher US tariffs on Chinese imports for another 90 days, a White House…
Business
Star Entertainment reaches deal to sell 50% stake in Brisbane resort to Hong Kong investors
RALIA’S Star Entertainment said on Tuesday it had reached a deal with its Hong Kong-based partners to sell its 50 per cent stake in the…
Business
PropNex tumbles 5.6% as investors take profit on news of record interim profit and dividend
The property group reports a 122.4% increase in net profit for the first half of 2025 Shares of property group PropNex tumbled minutes…
Business
PropNex gains 1.9% on news of record interim profit and dividend
The property group reports a 122.4% increase in net profit for the first half of 2025 Shares of property group PropNex ended 1.9 per cent…
Business
Stocks to watch: StarHub, SIA, Keppel Reit, Bumitama Agri, Straco, FLCT, SBS Transit, PropNex
The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 12): StarHub: The telco on…
Business
Bumitama Agri H1 net profit up 47.8% at 1.27 trillion rupiah on higher revenue
Indonesian palm oil producer Bumitama Agri on Tuesday (Aug 12) posted a 47.8 per cent rise in net profit to 1.27 trillion rupiah (S$100.2…
Business
PropNex H1 profit doubles to new high of S$42.3 million; declares record interim dividend of S$0.05
Real estate agency PropNex reported a record net profit of S$42.3 million for its first half-year ended Jun 30, more than double from the…
Business
Vietnam’s richest man shifts strategy after US$14 billion bet on EVs
Pham Nhat Vuong spent billions of US dollars on an unsuccessful push to turn his upstart electric automaker into a major player in the US…
Business
Telco consolidation continues as StarHub buys rest of MyRepublic Broadband for S$105.2 million
StarHub has purchased the rest of MyRepublic’s broadband business that it did not already own for a consideration of S$105.2 million, the…
Business
Ultra wealthy are piling into a centuries-old gold trade in Asia
In Asia’s ultra-wealthy circles, some family offices are now bypassing the middlemen and jumping into the gold business itself. They are…
Business
Trump holds high-stakes meeting with Intel CEO after calling for his resignation
US PRESIDENT Donald Trump said he met with Intel CEO Lip-Bu Tan on Monday, days after seeking his resignation, praising Tan and calling…
Business
Do Kwon may plead guilty in US case over US$40 billion Terraform collapse
Terraform Labs co-founder Do Kwon may plead guilty in a US fraud case tied to the US$40 billion collapse of the TerraUSD stablecoin in…
Business
US Fed chair search expands to include Bowman, Jefferson and Logan
The US Federal Reserve’s two vice-chairs, Michelle Bowman and Philip Jefferson, and Dallas Fed president Lorie Logan are under…
Business
US: Stocks slump ahead of key US inflation report
Wall Street stocks tumbled on Monday on investor trepidation ahead of key US inflation data, despite news reports that President Donald…
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Who Was Holly Hatcher? Mom of Country Music Star Spencer Hatcher Stabbed to Death in Horrific Home Invasion Before Dad Shoots Dead Intruder
The mother of a rising country music artist was stabbed to death after an intruder broke into her Virginia home and attacked her and her…
News
Who was Anas al-Sharif, famous Gaza journalist killed by Israel?
Five Al Jazeera journalists were killed by an Israeli strike in Gaza City on Sunday - among them 28-year-old correspondent Anas al-Sharif,…
Business
FLCT prices S$100 million notes due 2034 at 2.45%
The notes, rated “BBB+” by S&P, will be issued on Aug 15 under the Reit’s S$1 billion multi-currency debt issuance programme Frasers…
Business
Global Stocks Rise Slightly with Rate Cuts and Trade Talks Ahead
Asian markets rose slightly in the week, ending on corporate earnings and optimism for interest rate cuts. The cash market in Japan is…
Business
US: Wall St opens flat as chip stocks dip on China sales deal
Wall Street’s main indexes opened flat on Monday (Aug 11) as major chip companies slipped on the eve of a key tariff deadline after a…
Business
Citigroup lifts S&P 500 year-end target to 6,600
Citigroup raised its year-end target for the S&P 500 index to 6,600, betting on US President Donald Trump’s tax and spending bill boosting…
Business
Singapore Flyer operator Straco H1 profit down 49% at S$5.4 million
Tourist attraction developer and operator Straco has posted a 49 per cent decrease in net profit to S$5.4 million for the first half ended…