Business
Reviving SGX is not the endgame – creating a vibrant financial ecosystem is
IT IS somewhat counterintuitive that shares of the Singapore Exchange (SGX) have weakened since the Monetary Authority of Singapore (MAS)…
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Business
Business
Interest Rate Cuts on Hold Till Inflation Improves, Fed Meeting Minutes Show
The Federal Reserve pressed pause on interest rate cuts last month. The minutes from its January meeting suggest the hiatus is likely to…
Business
‘Lambo Guy’ Adrian Portelli Buys $6.5M Koenigsegg Jesko
Read the full story on Modern Car Collector Australian entrepreneur and high-profile car collector Adrian Portelli has made headlines once…
Business
US: Wall St opens slightly lower as markets assess latest tariff threats
WALL Street’s main indexes opened marginally lower on Wednesday (Feb 19) on worries over US President Donald Trump’s latest tariff threats…
Business
Asia banks stick with net-zero group that Wall Street abandoned
SEVERAL large Asian banks have joined their European peers in offering support to the industry’s biggest climate alliance, after a wave of…
Business
Nikola, Electric Truck Maker, Files for Bankruptcy
Nikola, an electric vehicle start-up that had once hoped to become the Tesla of heavy trucks, filed for bankruptcy protection on…
Business
Musk’s X in talks to raise money at US$44 billion valuation, Bloomberg News reports
ELON Musk’s X social media platform is in talks to raise money from investors at a US$44 billion valuation, Bloomberg News reported on…
Business
SingPost to lay off 45 employees ‘in the coming months’
The move is not correlated with previous incidents or whistleblowing reports, it emphasises SINGAPORE Post (SingPost) will lay off 45…
Business
Apple to launch new lower-cost iPhone to capture a broader market
APPLE is set to launch its latest budget iPhone model on Wednesday (Feb 19) as it looks to grab a bigger share of the mid-range smartphone…
Business
Novo seeks US$830 million from Singapore firm, accusing it of fraud over drug
Novo Nordisk is seeking as much as US$830 million in damages in a Singapore court, saying that it was misled by a local biotech about the…
Business
Thailand to curb short selling, high-speed trades amid sell-off
THAILAND’S stock exchange will tighten curbs on short selling and high-frequency trading as it attempts to revive investor confidence in…
Business
Ant Group enters China’s growing humanoid robot industry amid rising tech interest
ANT Group, the Alibaba-linked fintech giant, is venturing into the humanoid robot industry, joining a growing list of major Chinese tech…
Business
Prime US Reit posts 51.6% fall in H2 DPU as manager continues to retain funds for capex
PRIME US Reit, which focuses on office buildings in the US, saw its distribution per unit (DPU) fall 51.6 per cent to 0.11 US cent for the…
Business
CSE Global records S$235.3 million in new Q4 orders
SYSTEMS integrator CSE Global has secured S$235.3 million worth of new orders for the fourth quarter ended Dec 31, 2024. In a bourse…
Business
Cordlife ID Teo Tong Kooi steps down; new ID appointed
CORDLIFE Group’s independent director Dr Teo Tong Kooi stepped down from his role at the embattled cord-blood bank on Wednesday (Feb 19).…
Business
Singapore shares end Wednesday higher on UOB results, Budget news; STI up 0.2%
The bank’s Q4 profit of of S$1.52 billion beat analysts’ consensus forecast S$1.48 billion SINGAPORE stocks closed higher on Wednesday…
Business
United Hampshire US Reit declares 4.2% lower H2 DPU of US$0.0205
UNITED Hampshire US Real Estate Investment Trust’s (Reit) distribution per unit (DPU) for the half year ended Dec 31, 2024, fell to…
Business
China’s clean energy investments reached $940bn in 2024
China's clean energy investments in 2024 amounted to 6.8tn yuan ($940bn), nearing the scale of $1.12tn global investment in fossil fuels,…
Business
HSBC expects cost-cutting drive to hit less than 8% of global headcount
HSBC chief executive officer Georges Elhedery has said that the impact on the bank’s global headcount arising from its drive to cut costs…
Business
The Cryptocurrency Scam That Turned a Small Town Against Itself
In the Wichita courtroom, Hanes offered his only public reflection on the bank collapse. Wearing a gray suit, he walked up to the lectern,…
Business
Stephen Amell on why 'Suits' spinoff is a 'really big deal'
By A writer/comedian based in Los Angeles. Host of the weekly podcast Parting Shot with H. Alan Scott, every week H. Alan is joined by a…
Business
Singapore’s Foundation Healthcare eyes over US$100 million fundraising: sources
SINGAPORE’S Foundation Healthcare Holdings is looking to conduct a funding round that could raise more than US$100 million and value the…
Business
China, India natural gas imports will impact Apac prices: panellists
ASIA-PACIFIC should keep an eye on natural gas imports by China and India, whose ongoing pipeline projects will heavily affect regional…
Business
UOB proposes special dividend, share buyback programme as it unveils long-awaited capital return plans
The bank’s disciplined approach of pursuing long-term growth with stability has served it well, says CEO UOB’s board has announced a S$3…