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ExxonMobil reports 23.4% drop in profits on lower crude prices
Published Fri, Aug 1, 2025 · 08:33 PM[NEW YORK] ExxonMobil reported a drop in second-quarter profits on Friday (Aug 1) as the hit from lower crude prices more than...
Three Intel senior executives to retire amid manufacturing shake up
[SAN FRANCISCO] Three senior executives in Intel’s manufacturing operations are set to retire, Intel told Reuters on Thursday, as new CEO Tan Lip-Bu implements sweeping change to resuscitate the...
Tai Sin Electric to acquire 25% stake in charging station contractor
Its subsidiary Lim Kim Hai Electric has subscribed for 333,333 new ordinary shares of EV Mobility for S$1.5 million[SINGAPORE] Power distribution solutions provider Tai Sin Electric has entered into...
UOB trims One Account interest rate again to maximum 2.5% per annum on first S$150,000
[SINGAPORE] UOB is cutting interest rates on its flagship savings account, the One Account, for the second time in 2025.This is to “align with (the) longer-term interest rate outlook”,...
Hong Kong to let big funds secure bigger proportions of listings
Starting next week, the maximum percentage of shares that can be allocated to retail investors will be lowered to 35%, down from 50% currentlyPublished Fri, Aug 1, 2025 ·...
Hong Kong eases listing rules to boost red-hot IPO market
[HONG KONG] Hong Kong eased some of its rules to list in the city, potentially bolstering what’s already been one of the hottest markets in the world for initial...
Singapore shares on longest losing streak since April; STI falls 0.5%
Across the broader market, losers outnumber gainers 340 to 244, as 1.3 billion securities worth S$1.7 billion change hands[SINGAPORE] Local stocks fell for the sixth consecutive session on Friday...
BOJ warns US tariffs could hit firms’ profits, delay capex plans
[TOKYO] Profits of Japanese firms are likely to fall this year because of US tariffs, leading them to downgrade capital expenditure plans, the central bank said on Friday (Aug...
OCBC CEO-designate Tan Teck Long looks to continue ‘One Group’ strategy, boost synergy
[SINGAPORE] OCBC’s incoming chief executive will continue to bank on its “One Group” approach to boost growth and synergy.“We are an integrated financial services group, so there’s still a...
OCBC warns of greater challenges in H2 as ‘chain reaction’ from US tariffs unfolds
[SINGAPORE] While OCBC posted “stronger than anticipated” results in the first half of 2025, the lender will likely face more challenges in the second half, said group chief executive...
