Business
Income-Allianz deal timeline: A recap of the proposed S$2.2 billion sale
The proposed S$2.2 billion deal involving the sale of Singapore’s Income Insurance to German insurer Allianz – which the government…
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Business
Business
China’s CATL seeks US$1 billion loan for Indonesia plant expansion
The company has said that it expects to see little impact from the tariffs the Trump administration has imposed on China because the…
Business
Asia: Dollar recovers some losses, stocks gain as traders eye tariff deals
The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump’s sweeping tariffs, while equities mostly rose…
Business
ServiceNow eyes US$1 billion revenue for AI product by 2026
The company makes software applications that help companies organise and automate their personnel and information technology operations…
Business
Palantir sales forecast falls short of Wall Street’s hopes
Palantir Technologies dropped more than 8 per cent in late trading on Monday (May 5) after its results failed to live up to investors’…
Business
Gold hits one-week high on safe-haven demand, Fed decision loom
Gold prices climbed to a one-week high on Tuesday (May 6) as rising concerns over US President Donald Trump’s tariff plans boosted…
Business
Credit Suisse Pays $510 Million Fine for Helping Clients Evade Taxes
The toll for misconduct at the fallen Swiss bank Credit Suisse just keeps getting bigger. Federal prosecutors said on Monday that UBS,…
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Credit Suisse to pay US$511 million as part of agreement with US DOJ in tax evasion case
A CREDIT Suisse unit on Monday pleaded guilty to US charges of helping ultra-wealthy Americans evade taxes and will pay a fine of more…
Business
OpenAI says its nonprofit will remain in control of its for-profit business
ChatGPT maker OpenAI said Monday that its nonprofit will remain in control over its for-profit business, as the startup moves forward with…
Business
“Take a Joke”: Trump Mocks Catholics Upset Over Image of Him as Pope
During an interview on NBC News’s Meet the Press on Sunday, Trump was directly asked whether he was profiting off his cryptocurrency,…
Business
UnitedHealth’s Move to End Cyberattack Loan Lifeline Upsets Medical Providers
Two independent medical practices in Minnesota once hoped to expand operations but have spent the past year struggling to recover from the…
Business
Scott Bessent Urges Investors to Bet on Trump’s Economic Plan
Treasury Secretary Scott Bessent urged skittish global business leaders on Monday to ignore President Trump’s economic naysayers and ramp…
Business
Saudi Arabia reports first-quarter deficit of US$15.65 billion
Declining oil prices and voluntary production cuts have weighed on Saudi revenue in recent years Saudi Arabia’s deficit widened…
Business
Tyson Foods beats quarterly profit estimates on strong chicken demand
The company witnessed sustained demand for its frozen meat and ready-to-eat food as consumers increasingly preferred eating at home Tyson…
Business
Who is Cardinal Luis Antonio Tagle? A favorite for next pope
Filipino Cardinal Luis Antonio Tagle has emerged as one of the two favorites to become the next pope, but he faces accusations of not…
Business
Procurri Corp moves towards delisting by appointing IFA for privatisation offer
Procurri Corp has appointed Evolve Capital Advisory as the independent financial adviser (IFA) for the acquisition offer from parent…
Business
Investors still harbour hope of Fed’s Powell giving a rate-cut the thumbs up
THE S&P 500 plunged into a bear market in April, then staged an epic recovery, and now the US Federal Reserve will reveal which was the…
Business
SIC proposes changes to takeovers and mergers code to protect competitive process, improve disclosures
The Securities Industry Council (SIC) on Monday (May 5) issued a consultation paper on amendments to Singapore’s Code on Take-overs and…
Business
Sias strongly disagrees with IFA opinion on ‘exploitative’ Sinarmas Land offer; urges offeror to revise bid
David Gerald, the president of Securities Investors Association (Singapore), or Sias, has criticised the offer for Sinarmas Land by the…
Business
Germany's Vossloh to supply rail fastening systems in China deal
A View of the administrative offices of Vossloh Locomotives. Vossloh said its Chinese subsidiary Vossloh Fastening Systems China has been…
Business
Singapore stocks end higher on Monday; STI up 0.2%
Top gainer is DFI Retail Group at US$2.71, while the biggest decliner is Yangzijiang Shipbuilding at S$2.11 Stocks in Singapore ended…
Business
Audi keeps outlook after Q1 sales rise, but tariff impact not included
Volkswagen’s premium brand Audi on Monday (May 5) kept its full-year guidance, with the caveat that any impact from US tariffs was not…
Business
IPhone maker Hon Hai’s April sales surge 26% ahead of US tariffs
Hon Hai Precision Industry, the main contract manufacturer for Apple and Nvidia, said its April revenue rose 26 per cent, likely boosted…
Business
The Fed Isn’t Likely to Cut Rates Proactively Despite Economic Concerns. Here’s Why.
Less than a year ago, the Federal Reserve took decisive action to bolster the U.S. economy. With inflation easing and the labor market…