Business
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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Business
Business
US: Wall St opens muted with corporate earnings, trade talks in focus
Wall Street opened flat on Tuesday (Jul 22) as investors weighed signs of potential trade deals between the US and its partners ahead of…
Business
SingPost divests freight forwarding business Famous Holdings for S$177.9 million
Sale results in estimated realised gain on disposal of S$10.5 million and about S$104 million in cash Singapore Post (SingPost) has…
Business
DFI Retail Group posts 38.9% rise in H1 underlying profit, pays special dividend of US$0.443 a share
Supermarket and retail store operator DFI Retail Group’s underlying profit rose 38.9 per cent to US$105 million for the first half ended…
Business
NIO Launches ONVO L90, a Family-Centric Electric SUV With 605 KM Range
NIO's (NIO, Financials) new three-row electric SUV is the ONVO L90. It has two pricing options: $39,000 complete buy and $27,000…
Business
UK gives green light to £38 bn Sizewell C nuclear plant
The UK government on Tuesday gave new British nuclear power plant Sizewell C the final go-ahead after reaching a deal with investors,…
Business
Aoxin Q&M Dental CEO resigns as whistle-blower report lodged
The company cites ‘differences in views and opinions’ with parent Q&M Dental regarding the direction of the dental business as the reason…
Business
Sanofi to buy Vicebio for up to US$1.6 billion in vaccine push
The French drugmaker will pay US$1.15 billion upfront with a commitment for potential milestones worth as much as US$450 million Sanofi…
Business
One of Singapore’s longest-running hedge funds is shutting down on US investor pullback
[ One of Singapore’s longest-running hedge funds, New Silk Road Investment, is shutting down after weak returns and a pullback by US…
Business
Not just DBS or Nvidia: these are the top most-traded stocks in Singapore
The year to date has been marked by significant market volatility, with trade tensions and tariff-related uncertainty acting as key…
Business
AstraZeneca vows to spend US$50 billion on US manufacturing, development
[MUNICH/WASHINGTON] AstraZeneca plans to invest US$50 billion in the US before 2030, becoming the latest European pharma company to…
Business
Deutsche Bank sees 30-year yield up by half point on Powell exit
The potential ouster of Federal Reserve chair Jerome Powell by US President Donald Trump would drive the 30-year Treasury yield higher by…
Business
FDA names former pharmaceutical company executive to oversee US drug program
The Food and Drug Administration on Monday named a longtime pharmaceutical executive to run the agency's drug program, the latest in a…
Business
Citi joins Goldman in asking junior bankers to reveal if they accepted other jobs
Citigroup’s move echoes steps by other investment banks to dissuade analysts from leaving after short stints Citigroup is asking its new…
Business
Trump Media buys US$2 billion in Bitcoin for crypto treasury plan
Trump Media & Technology Group, the firm behind Truth Social, has acquired about US$2 billion in Bitcoin and related securities as part of…
Business
Companies pledge to invest over $700 billion in Germany over the next 3 years
BERLIN (AP) — A group of dozens of companies pledged Monday to invest at least 631 billion euros ($733 billion) in Germany over the next…
Business
Singtel unit prices S$160 million in fixed-rate notes at 2.726%
Singtel Optus, a wholly owned subsidiary of the telecommunications giant, on Monday (Jul 21) priced S$160 million in fixed-rate notes due…
Business
Dasin Retail Trust suspends trading amid financial reporting challenges
Trading in the units of Dasin Retail Trust has been suspended on the Singapore Exchange. This comes as the business trust is unable to…
Business
Spain’s proposed power grid return increase insufficient to retain investment, lobby warns
Plans by Spain’s National Commission on Markets and Competition (CNMC) to increase the guaranteed return on investments in the country’s…
Business
Banks pull down Australian shares from record high
Australian shares fell on Monday (Jul 21) to their worst session in more than three months, retreating from a record high scaled in the…
Business
Indonesia’s Kangaroo bond sale a tricky call for local investors
Indonesia’s plan to issue its first Australian dollar-denominated debt next month has piqued investor interest, though questions mount on…
Business
Life atop China’s car market is starting to look shaky for BYD
LIFE at the top is proving complex for China’s leading automaker, and there are fresh challenges on the horizon. BYD’s monthly sales have…
Business
Silver shines bright amid gold pauses
WHILE gold may have dominated headlines over the past year, surging to as high as US$3,500 per ounce in April 2025, it has since entered a…
Business
Tokenize Xchange to exit Singapore after being denied digital payment token licence
All 15 employees of Tokenize Singapore will be laid off by Sep 30 but some may be offered work in the company’s international operations…