Culture
Europe: Stoxx 600 closes lower; investors assess Pernod Ricard, Nvidia earnings
EUROPE’S Stoxx 600 closed lower on Thursday, dragged down by healthcare stocks, while investors assessed earnings from Pernod Ricard and…
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Culture
Culture
US: Stocks advance as Dow Jones, S&P 500 hit fresh records
Two of Wall Street’s major indexes closed on Thursday at record highs, buoyed by an upward revision to second-quarter US... Source link
Culture
GuocoLand’s H2 net profit falls 48% as China losses offset Singapore growth
Property developer GuocoLand posted a 48 per cent drop in net profit to S$32.4 million for its half year ended Jun 30, from S$62.4 million…
Culture
US: Nasdaq opens slightly higher after Nvidia results
The tech-heavy Nasdaq index opened slightly higher on Thursday (Aug 28), as investors weighed the AI chip giant’s upbeat forecasts against…
Culture
Key changes in Temasek’s leadership as it creates three new entities
In one of Temasek Holdings’ biggest overhauls since 1974, the Singapore investment company will form three wholly owned entities to…
Culture
China gets closer to finding its own Nvidia
A NEW China-buys-China narrative is taking shape as Beijing steps up its tech rivalry with the US. The world’s second-largest economy not…
Culture
GovTech partners Google Cloud to trial agentic AI usage in public sector
The Government Technology Agency (GovTech) will collaborate with Google Cloud on a sandbox to experiment with agentic artificial…
Culture
Deutsche Bank fined US$3 million by Hong Kong securities regulator
Deutsche Bank has been fined US$3.05 million over various breaches between 2015 and 2023, Hong Kong’s securities regulator said on…
Culture
Mainland Chinese traders sell record amount of Hong Kong stocks
Investors in mainland China sold a record HK$20.4 billion (S$4.1 billion) worth of Hong Kong-listed stocks on Thursday (Aug 28), a sign…
Culture
Didi posts Q2 loss of US$350 million on lawsuit provision
Revenue rose 10.9%, partly fuelled by growth in overseas business. Chinese ride-hailing giant Didi Global reported on Thursday (Aug 28) a…
Culture
Aster Chemicals declares force majeure at Singapore naphtha cracker: sources
Singapore’s Aster Chemicals and Energy has declared force majeure on petrochemical supplies from its naphtha cracker on Bukom island,…
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Singapore stocks rise as T-bill yield hits 40-month low; STI up 0.2%
The local bourse climbed higher on Thursday (Aug 28) after the latest six-month Treasury bill (T-bill) yield fell to its lowest level…
Culture
Trump’s pressure on Fed independence holds global risk, ECB’s Rehn says
President Donald Trump’s escalating attacks on the US Federal Reserve could have substantial and global knock-on effects on the financial…
Culture
Temasek shakes up leadership as it prepares for renewal
Temasek Holdings will divide its operations into three entities, in one of the biggest overhauls in its 51-year history, as it prepares…
Culture
Malaysia says China ready to provide assistance in rare earths processing
China is prepared to provide Malaysia technical and technological assistance in rare earths processing, though it has asked for any…
Culture
Buffett’s Berkshire lifts stakes in Japan trading houses, buoys shares
Warren Buffett’s Berkshire Hathaway has raised its stakes in Mitsubishi and Mitsui & Co, according to the Japanese trading houses,…
Culture
GLP secures up to US$1.5 billion investment from Adia unit
Global logistics builder and investor GLP has secured up to US$1.5 billion of investment from a wholly-owned subsidiary of the Abu Dhabi…
Culture
SingPost past and present: How a 200-year old monopoly got disrupted
Some have quipped that the postal service is the original social media. It facilitated widespread communication and connection over…
Culture
Nvidia CEO Jensen Huang says AI boom far from over
Nvidia CEO Jensen Huang on Wednesday (Aug 27) dismissed concern about an end to a spending boom on artificial intelligence chips and said…
Culture
Geo Energy to acquire 51% stake in two Indonesian shipping companies for US$127.5 million
Indonesian coal producer Geo Energy is proposing to acquire 51 per cent stakes in two Indonesian shipping companies for a US$127.5 million…
Culture
Europe car sales gain most in 15 months as consumers warm to EVs
Europe’s new-car market rose the most in 15 months in July, as consumers shrugged off concerns over the global economy to splash out on…
Culture
Hong Kong’s gold trading ambitions tested by talent shortage
Bank of China (Hong Kong) posted a job ad early this year for a precious metals trader fluent in English and Mandarin with at least five…
Culture
Latest Singapore six-month T-bill cut-off yield falls to 1.44%
Auction receives S$18.4 billion in applications for the S$7.7 billion on offer, representing a bid-to-cover ratio of 2.39 The cut-off…
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Chery is said to near Hong Kong listing as billion-dollar IPOs return to city
Chery Automobile is planning a Hong Kong initial public offering (IPO) that may raise about US$1.5 billion as early as next month,…