Culture
Wealth firms are preparing richest Australians for pension tax fallout
[MELBOURNE] A looming pensions tax on rich Australians is sparking a flurry of behind-the-scenes planning by the nation’s wealth managers, who say clients are actively exploring strategies to shield...
BOJ debated chance of resuming rate hike, July summary shows
[TOKYO] Some Bank of Japan policymakers warned of mounting inflationary pressures and one signaled the chance of resuming interest rate increases by year-end, a summary of opinions at the...
STI, semiconductor stocks fall, as Genting, Sembcorp, SGX decline
[SINGAPORE] Shares of some Straits Times Index (STI) constituents and semiconductor firms fell on Friday (Aug 8), on the impact of earnings reports as well as the US-imposed tariffs...
GM to buy EV batteries from China’s CATL for low-cost Bolt EV
The Chinese company is one of the world’s largest battery manufacturers and a major supplier of LFP batteries to the auto industryPublished Fri, Aug 8, 2025 · 09:53 AM[WASHINGTON]...
Gold futures hit record high after US tariff report
[BENGALURU] Gold futures jumped to a fresh high on Friday (Aug 8) following a report that the United States has imposed tariffs on imports of one-kilo gold bars, while...
DBS shares jump 2.5%, cross S$50 mark
[SINGAPORE] DBS shares surpassed the S$50 mark in early trade on Friday (Aug 8), a day after it reached that record level following news of its improved Q2 earnings....
Australian authorities file proceedings against Singtel’s Optus, allege cyberattack-linked breaches
Telco’s unit says it is unable to determine the quantum of any penalties, which the Australian federal court will determine [SINGAPORE] The Australian Information Commissioner (AIC) on Friday (Aug...
Nextdoor cuts 12% of workforce in quest for profitability
[SAN FRANCISCO] Nextdoor Holdings, the neighbourhood social networking company, is eliminating 12 per cent of its workforce, part of a broader effort by chief executive officer Nirav Tolia to...
Stocks to watch: UOB, SGX, Genting, Sembcorp, Singapore Land, Riverstone, Daiwa, BHG Retail
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Aug 8):UOB: Trade loans are expected to contribute more visibly to the bank’s...
Daiwa House Logistics Trust H1 DPU drops 8.6% to S$0.0224
[SINGAPORE] The manager of Daiwa House Logistics Trust (DHLT) on Friday (Aug 8) posted a distribution per unit (DPU) of S$0.0224 for its first half ended Jun 30, down...
Paramount closes US$8 billion merger with Skydance after settling ‘60 Minutes’ lawsuit
[BENGALURU] Paramount Global and Skydance Media completed their US$8.4 billion merger on Thursday (Aug 7), capping a drawn-out deal process marked by political scrutiny and shareholder concerns.Renamed “Paramount Skydance...
