Culture
US: S&P 500, Nasdaq dip from record highs with Trump tax bill in focus
Published Tue, Jul 1, 2025 · 10:03 PM[NEW YORK] The S&P 500 and Nasdaq indexes opened lower on Tuesday (Jul 1), after touching record highs a day earlier, as...
AI, power, and longevity to drive next decade of transformational innovation: UBS
[SINGAPORE] Investors should consider allocating part of their portfolios to transformational innovation as a way to diversify risks in an increasingly volatile world, said Ulrike Hoffmann-Burchardi, chief investment officer...
Trump is ‘fast forwarding’ the inevitable future of a multipolar world: George Yeo
[SINGAPORE] US President Donald Trump may be at the centre of several global events today, but he did not create the increasingly multipolar world – he is merely fast-forwarding...
Singapore shares move in tandem with Wall Street rally
[SINGAPORE] Buoyed by the overnight Wall Street rally, Singapore shares rose on Tuesday (Jul 1), with about the top one-third counters by weighting on the blue-chip-gauge Straits Times Index...
BNP Paribas completes 5.1 billion-euro acquisition of AXA Investment Managers
The acquisition allows BNP to manage long-term savings for insurers and pension funds with around 850 billion euros in assetsPublished Tue, Jul 1, 2025 · 05:52 PM[LONDON] BNP Paribas...
No compulsory financial advice needed for most retail investors under proposed MAS changes
[SINGAPORE] Retail investors may soon be able to invest in products that are deemed complex without seeking the now-mandatory financial advice, even where they may not have the relevant...
MAS proposes to improve complex product labelling and disclosures for investors
[SINGAPORE] Investors in Singapore may soon gain clearer disclosures and improved guidance for complex products, following the implementation of proposed amendments by the Monetary Authority of Singapore (MAS).
The central...
Two Chinese chip firms plan 12 billion yuan IPOs, bet US export curbs to spur growth
[BEIJING] Two Chinese artificial intelligence chip startups are seeking to raise a combined 12 billion yuan (S$2.1 billion) in initial public offerings, hoping US curbs on advanced chip sales...
Prudential commences third tranche of US$2 billion share buyback scheme
[SINGAPORE] Asia-focused insurer Prudential on Tuesday (Jul 1) announced the commencement of the third and final tranche of its US$2 billion share buyback programme launched in June 2024. This...
Chip-design firm SkyeChip is close to a Malaysian IPO, CEO says
Published Tue, Jul 1, 2025 · 03:51 PM[KUALA LUMPUR] Malaysian semiconductor designer SkyeChip is “close” to an initial public offering after posting consecutive years of revenue and profit growth,...
From banks to tech: Job cuts and layoffs for 2025
[SINGAPORE] In 2025, a growing number of corporations globally have announced job cuts, as macroeconomic pressures, restructuring efforts, and shifting strategies force companies to trim their workforces.Here are some...
Standard Chartered faces US$2.7 billion lawsuit over alleged role in 1MDB fraud; bank ‘emphatically rejects’ claims
[SINGAPORE] Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) have initiated legal proceedings against Standard Chartered Bank in the High Court of...