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Indonesian oil giant Chandra Asri buys 11.9% stake in Hiap Seng Industries; shares up 58.3%
Future partnerships between both companies could be on the horizon, says Hiap Seng Industries Indonesian petrochemical producer Chandra…
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Hiap Seng shares soar 75% after Indonesian oil giant Chandra Asri buys 11.9% stake
Shares end Wednesday at multi-year high of S$0.021; future partnership between both companies could be on the horizon, says Hiap Seng CEO…
Business
Morgan Stanley faces Finra probe on client-vetting: report
The firm has been working on fixing its client-screening practices after the US Federal Reserve for years raised concerns about…
Business
Asia: Tokyo’s Nikkei leads rally after Japan-US trade deal
Tokyo stocks rallied with the yen on Wednesday after Japan and the United States finally hammered out a trade deal to slash Donald Trump’s…
Business
Asian local-currency bond sales reach record on risks to US dollar
US President Donald Trump’s unpredictable policy moves are driving investor demand for Asian local-currency bonds, spurring fresh interest…
Business
Chinese hackers exploit Microsoft flaws, US nuclear agency hit
Microsoft warned that Chinese state-sponsored hackers are among those exploiting flaws in its SharePoint software to break into…
Business
BOJ’s Uchida warns of downside risks to economy on trade uncertainty
[KOCHI, Japan] Bank of Japan Deputy Governor Shinichi Uchida said risks to economic activity and prices were skewed to the downside due to…
Business
China shuns low-grade coal from Indonesia as imports collapse
Indonesia bore the brunt of a sharp fall in China’s coal imports last month, underscoring how Chinese power plants have shifted away from…
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Old clip falsely linked to fatal tour boat accident in Vietnam's Ha Long Bay
An old video of a ferry capsizing after being battered by strong winds and waves has been recirculated by social media users who falsely…
Business
RBA seen cutting three more times by early 2026, matching market
Economists expect Australia’s central bank will deliver three more interest-rate cuts by early 2026, up from two seen previously, bringing…
Business
DFI Retail Group jumps 12.7% to three-year high on H1 profit growth
Shares of DFI Retail Group climbed in early trade on Wednesday (Jul 23) morning, after the supermarket and retail store operator posted…
Business
Weaker US dollar, bond yields lift gold to more than five-week high
Gold prices climbed to a more than five-week peak on Wednesday (Jul 23), supported by a softer US dollar and lower Treasury yields as…
Business
Shares in Japanese, South Korean automakers surge on Tokyo trade deal
Shares of Japanese and South Korean automakers surged on Wednesday after US President Donald Trump announced a trade deal with Tokyo that…
Business
BlackRock restricts use of company devices for China travel
Global banks have scaled back their presence in the world’s second-largest economy in the past few years amid slowing economic growth and…
Business
Vietnam stocks near record on reform hopes, trade deal optimism
Vietnam’s stock benchmark is closing in on a record high, fuelled by optimism over sweeping political reforms and clarity on a trade deal…
Business
Stocks to watch: SIA Engineering, SingPost, DFI Retail Group, Aztech Global, HPH Trust
The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 23): SIA Engineering: The…
Business
Japan launches anti-dumping probe into stainless steel sheets from China, Taiwan
Japan has launched an anti-dumping investigation into nickel-based stainless cold-rolled steel sheets and strips imported from China and…
Business
MAS’ S$5 billion investment fund set to lift undervalued, small-cap stocks: analysts
Market reaction to the appointment of the first three asset managers to tap Singapore’s S$5 billion Equity Market Development Programme…
Business
South-east Asia’s IPO market shows signs of revival after subdued H1
Initial public offering (IPO) activity across South-east Asia remained subdued in the first half of 2025 amid ongoing geopolitical and…
Business
Trump tariffs take US$1-billion bite out of GM earnings, shares fall
General Motors’ (GM) second-quarter earnings took a US$1.1-billion hit from tariffs, but the automaker still beat analyst expectations for…
Business
SAP reports cloud growth that falls short of expectations
SAP reported quarterly cloud and software sales that fell just short of estimates as tariff insecurities weighed on Europe’s most valuable…
Business
Europe: Shares end lower as corporate results, trade anxiety weigh
EUROPEAN shares settled lower on Tuesday, with German equities logging their biggest one-day drop in two months as a batch of…
Business
Microsoft offers some salespeople extra pay following layoffs
In recent months, the company has terminated some 15,000 people in two rounds of major layoffs Microsoft, fresh off a round of layoffs…
Business
US: Nasdaq ends six-day streak of records
The Nasdaq retreated from a record Tuesday on a mixed day for stocks as markets looked ahead to upcoming earnings reports from Google…