Culture
STI closes flat amid mixed regional showing, overnight Wall Street declines
Gainers beat decliners 273 to 205 across the broader market, with 982.2 million of securities valued at S$1.2 billion changing hands[SINGAPORE] The Straits Times Index (STI) finished at 3,882.55...
Bloomberg terminal back up after outage affects European bond sales
Published Wed, May 21, 2025 · 05:57 PM — Updated Wed, May 21, 2025 · 07:10 PM[LONDON] News and data company Bloomberg said its systems were returning to normal...
TikTok Shop US Employees told to work from home as layoffs loom
[SEATTLE] TikTok told US e-commerce staff to work from home on Wednesday (May 21) while awaiting emails regarding “difficult decisions,” suggesting the social media company is preparing to cut...
Time’s not ripe for SingPost to sell its flagship building
[SINGAPORE] The share price of Singapore Post (SingPost) said it all about investors’ attitude towards the national postal service provider’s latest set of financial results.The share price tanked 12...
CATL’s 1.8-billion euro German plant boosts China’s invest-abroad bet
[SINGAPORE/BERLIN] More than two years ago on the outskirts of a medieval German town, China’s biggest EV battery company placed a 1.8-billion euro (S$2.6 billion) bet on the future...
Yoma Strategic’s H2 profit falls 12.4% to US$18.3 million
[SINGAPORE] Yoma Strategic Holdings posted a 12.4 per cent decline in net profit for the second half-year ended Mar 31 to US$18.3 million, from US$20.9 million in the same...
Julius Baer faces US$156 million loan loss charge
[ZURICH] Julius Baer Group said it’s booking another large loss from property developments it helped finance, just as the Swiss wealth manager is emerging from a crisis triggered by...
Britain’s M&S says cyberattack to cost US$400 million
[LONDON] British retailer Marks & Spencer said on Wednesday (May 21) a “highly sophisticated cyber” attack would cost it about US$403 million in operating profit, with disruption set to...
Singapore’s ultra-rich among wealthy Asians snapping up property in Dubai
[SINGAPORE] Property cooling measures may have dampened housing demand here, but Singapore’s ultra-rich are among high net-worth individuals (HNWI) around the world that are flooding into Dubai.In the first...
Accenture to promote 50,000 staff after six-month delay
The move comes as the New York-listed company grapples with a pullback in client spending and greater scrutiny of US government contracts under US President Donald TrumpPublished Wed, May...
