Culture
US Treasury says Bank of Japan should continue to tighten policy
[TOKYO] The Bank of Japan should continue to proceed with monetary tightening, which would support a “normalisation of the yen’s weakness” and rebalancing of bilateral trade, the US Treasury...
Sats proposes 4.2 million euro sale of 49% stake in Servair joint venture to Swiss airline caterer Gategroup
The disposal is consistent with its capital recycling and reallocation strategy, the ground handler says[SINGAPORE] Ground handler Sats is proposing to divest 509,600 ordinary shares or around 49 per...
HSBC chair Tucker to return to Asia insurer AIA after overseeing bank overhaul
HSBC Holdings’ high-profile chairman Mark Tucker will return to the insurance sector as chair of Hong Kong-based AIA Group, after having presided over top management changes and navigated Sino-US...
Amazon cuts more jobs, this time in books division
Published Fri, Jun 6, 2025 · 09:13 AM[SAN FRANCISCO] Amazon has cut jobs in its books division, including at its Goodreads review site and Kindle units, the company said...
Broadcom gives tepid forecast, missing loftiest expectations
BROADCOM, a chip supplier to companies like Alphabet and Apple, gave a lackluster revenue forecast for the current quarter, suggesting that the AI spending frenzy isn’t as strong as...
Lululemon plunges with growth plans threatened by Trump tariffs
LULULEMON Athletica posted a second straight disappointing quarter, fueling concerns that rising competition and new tariffs are derailing the company’s ambitious growth plans.The retailer is projecting sales in the...
Stocks to watch: OCBC, Keppel DC Reit, Jardine C&C, NetLink NBN Trust, Fu Yu
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 6).OCBC: The bank’s insurer, Great Eastern, seeks to delist through OCBC exit...
Great Eastern seeks to delist with new OCBC exit offer of S$30.15 per share
[SINGAPORE] OCBC has made a S$900 million conditional exit offer at S$30.15 per share for the 6.28 per cent stake in Great Eastern it does not own, in a bid...
Trafigura flags trading headwinds as payouts outstrip profit
TRAFIGURA Group warned that market volatility may not translate to opportunities for its traders, as the commodity giant reported first-half results that showed its dividend payments exceeded net profit. US...
Trump-Musk row slams Tesla shares, US$150 billion in market value wiped out
TESLA shares went into free-fall on Thursday as President Donald Trump publicly feuded with the electric vehicle maker’s billionaire CEO Elon Musk, his self-proclaimed “First Buddy.”Investors watched the unfolding...
