Business
Australia: Shares hit 2-week low as miners, gold stocks fall; Fed holds rate
RALIAN shares hit a two-week low in early trade on Thursday, weighed down by miners and gold stocks as the US Federal Reserve’s cautious…
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NAB pays A$751,200 penalty on breaches of consumer data rights rules
RALIA’S competition watchdog said on Thursday that the National Australia Bank had paid a fine of A$751,200 (S$629,000) over alleged…
Business
Standard Chartered cuts jobs in Singapore; moves them to India: Finance jobs portal
Dozens of staff at Standard Chartered have reportedly been laid off in Singapore in a fresh round of job cuts by the London-based bank.…
Business
Malaysia FX reserves at three-year high to aid ringgit stability
Malaysia’s increasing currency reserves are bolstering its defences against market volatility. The country’s net foreign exchange (FX)…
Business
Stocks to watch: DBS, UOB, Sats, Far East Orchard, GuocoLand, Elite UK Reit
THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 19): DBS: The lender inked a…
Business
Fidelity, BlackRock target Chinese demand for offshore funds
Fidelity International is poised to offer products that attract mainland investors chasing higher returns from overseas funds, according…
News
Air India cuts foreign widebody flights by 15% after crash
Air India is reducing its international service using widebody planes by 15 per cent as the nation’s flag carrier grapples with the…
Business
Chipmaker Wolfspeed nears bankruptcy deal with lenders including Apollo
Struggling chipmaker Wolfspeed will be taken over by creditors including Apollo Global Management under a proposal that would put it into…
News
Airbus hits US$21 billion orders at Paris Air Show as Boeing focuses on India crash
Airbus secured more aircraft orders on Wednesday, raising its total to US$21 billion at this week’s subdued Paris Air Show, while rival…
Business
Oil settles higher as Iran-Israel conflict enters sixth day
Oil prices settled higher on Wednesday in a volatile session as investors weighed the chance of supply disruptions from the Iran-Israel…
Business
Europe: Shares fall as Middle East tensions weigh; eyes on Fed decision
EUROPEAN shares declined on Wednesday as investors awaited the Federal Reserve’s monetary policy decision, with ongoing tensions in the…
Celebrity
Nike delays launch of women’s brand in partnership with Kim Kardashian’s Skims
The new brand is set to be called NikeSKIMS, and is expected to include training apparel, footwear and accessories for women Nike’s launch…
Business
US Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees ‘meaningful’ inflation ahead
The US central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025,…
Business
Microsoft planning thousands more job cuts aimed at salespeople
Microsoft is planning to cut thousands of jobs, particularly in sales, as part of the company’s latest move to trim its workforce amid…
Business
US: Stocks flat after Fed decision as markets eye Iran
Wall Street stocks ended little changed on Wednesday after the Federal Reserve kept interest rates steady, while markets followed ongoing…
Business
Why California Remains the Epicenter for Gen Z Led Creator Startups
California has always attracted dreamers who are ready to go the extra mile, but Gen Z is reshaping that story. Armed with smartphones,…
News
Anne Enright’s Literary Journeys to Australia and New Zealand
Not long ago, the Irish writer Anne Enright visited Australia and New Zealand. When asking for a local recommendation at the Potts Point…
News
Anne Burrell Cause of Death: Food Network Star's Possible Cause of Death Hinted by 911 Call as Her Final Moments are Revealed
New details are emerging regarding the tragic death of Anne Burrell. Before the celebrity chef and Food Network star's body was found at…
Business
Sats prices US$100 million in fixed-rate notes at 4.648%
In-flight caterer and ground handler Sats on Wednesday (Jun 18) priced US$100 million in fixed-rate notes due Jun 23, 2030, at 4.648 per…
Business
Want to invest in nuclear energy? DBS cites opportunities in mining, utilities stocks
As global interest in nuclear energy surges, investors can gain exposure to the sector by betting on physical uranium or miners, utilities…
Business
Nippon Steel’s US$14.9 billion acquisition of US Steel closes, with big role for Trump
Nippon Steel’s US$14.9 billion acquisition of US Steel closed on Wednesday (Jun 18), the companies said, confirming an unusual degree of…
Business
DBS and Austrade ink deal to help Australian companies expand in South-east Asia
DBS and the Australian Trade and Investment Commission (Austrade) on Wednesday (Jun 18) inked an agreement to deepen investment links…
Business
US: Wall Street indexes open muted ahead of Fed's interest rate verdict
Wall Street’s main indexes opened subdued on Wednesday (Jun 18), ahead of the Federal Reserve’s monetary policy decision, as the…
Business
Malaysia to build 50% more gas-fired power capacity to meet data centre demand
Malaysia is expected to add 6-8 gigawatts of gas-fired power by 2030 to address growing electricity consumption driven by demand from data…