Business
Germany's new government launches a program to encourage investment and boost the economy
BERLIN (AP) — Germany's new government on Wednesday launched a package of tax breaks and eventual tax cuts for companies, moving to…
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Big Oil Gets Slapped With Its First Wrongful Death Lawsuit
Third, there are piles of internal strategy memos and external materials outlining the massive disinformation campaign these companies…
Business
Singapore stocks close Wednesday higher amid regional gains; STI up 0.2%
Speculations over a Trump-Xi call to ease trade tensions sometime this week add to the upbeat mood Local stocks ended higher on Wednesday…
Business
Have 30 and 80 year olds in top management of big companies.
Piyush Gupta’s tenure as DBS’s chief executive officer (CEO) ended with a bang as the group posted record net profit of S$11.29 billion…
Business
Thailand to buy 12 Swedish Gripen fighter jets, air force says
Thailand plans to acquire a dozen Gripen JAS 39 fighter jets built by Sweden’s SAAB over 10 years to replace its ageing fleet of mainly US…
Business
Korean stocks rise to enter bull market, bonds sink after vote
South Korea’s equity benchmark climbed to enter a bull market, after Lee Jae-myung’s widely-expected win in the presidential election…
Business
South Korean stocks rise to enter bull market, bonds sink after presidential election outcome
South Korea’s equity benchmark climbed to enter a bull market, after Lee Jae-myung’s widely-expected win in the presidential election…
Business
Singapore Paincare worth up to S$0.37 a share, more than double its privatisation offer: Sias
The Securities Investors Association (Singapore), or Sias, is urging minority shareholders of Singapore Paincare to hold off on selling…
Business
China considers ordering hundreds of Airbus jets in major deal
China is considering placing an order for hundreds of Airbus aircraft as soon as next month, when European leaders visit Beijing to…
Business
Iron ore markets head for shake-up as Singapore-linked Simandou nears production
Global iron ore trade is facing a pivotal shift as Simandou, a massive iron ore mine in Guinea being developed by a Singapore…
Business
Petronas is said to weigh sale of US$7 billion Canada business
Lower oil prices have hit the company, which reported a slide of more than 30% in net income in 2024 and announced job cuts that will…
Business
More Chinese corporates eyeing deals in Asean, secondary listings on SGX
Chinese corporates are increasingly looking for deals in South-east Asia amid rising uncertainty from US trade policies, said Jason Saw,…
Business
Asia: Stocks track Wall Street up after jobs data, Seoul surges on Lee win
Asian shares extended a global rise on Wednesday following data indicating the US economy remained resilient, with South Korean equities…
Business
Maybank cuts view on Malaysian banking sector to ‘neutral’ as tariffs, slower GDP weigh on earnings
Maybank Investment Bank has downgraded its rating for the Malaysian banking sector to “neutral”, from “positive” previously, due to slower…
Business
Ping An Insurance raises US$1.5 billion from convertible bonds
Ping An Insurance (Group) of China has sold HK$11.8 billion (S$1.9 billion) in bonds that can be converted into shares listed in Hong…
Business
Memecoin platform Pump.fun pursues US$1 billion token sale
A platform dedicated to highly speculative cryptoassets is planning to raise US$1 billion by selling tokens, taking advantage of the…
Business
Japan’s top banks said to mull joint ATM operation to cut costs
Bank, Sumitomo Mitsui Banking and Mizuho Bank are considering jointly operating automated teller machines (ATMs) to reduce costs, said…
Business
Australian dollar out of gas as economy sputters
The Australian and New Zealand dollars barely budged on Wednesday as domestic economic data again disappointed, adding to market wagers…
Business
Global carriers pile on India capacity as US-Europe traffic drops
The skies above India are about to get a lot busier as international carriers add more routes to the world’s most-populated nation to make…
Business
CapitaLand Malaysia Trust proposes sale of 435.4 million units to raise RM250 million
The manager of CapitaLand Malaysia Trust (CLMT), a subsidiary of CapitaLand Investment, on Tuesday (Jun 3) proposed a placement of up to…
Business
Virgin Australia seeks to raise US$442.8 million in IPO, term sheet shows
Capital-owned Virgin Australia is looking to raise A$685 million (S$442.7 million) in an initial public offering, according to a term…
Business
Virgin Australia returns to stock market with launch of A$685 million IPO
Virgin Australia is set to return to the stock market after a five-year absence, with the Bain Capital-owned airline launching a A$685…
Business
Garuda said in talks for US$500 million from Indonesia wealth fund
Garuda Indonesia is in talks with the country’s sovereign wealth fund Danantara about an injection of around US$500 million, according to…
Business
Nio records US$949.6 million net loss for Q1
Chinese electric vehicle (EV) maker Nio posted a net loss of US$949.6 million for the first quarter of 2025 ended March, representing a…