Culture
Carvana’s 10,000% rally from low deals US$7 billion blow to shorts
Carvana’s shares notched an all-time high this week, rising more than 10,000 per cent from a low in late 2022, and delivering a blow to…
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Culture
Culture
Meta to share AI infrastructure costs via US$2 billion asset sale
Meta Platforms is pressing ahead with efforts to bring in outside partners to help fund the massive infrastructure needed to power…
Culture
Adriana Kugler resigning from Fed, opening door to Trump appointment
The US Federal Reserve said on Friday (Aug 1) that governor Adriana Kugler is resigning early from her term and will exit the central bank…
Culture
Oil falls US$2 a barrel on worries about Opec+ supply, US jobs data
Oil prices US$2 a barrel on Friday (Aug 1) because of jitters about a possible increase in production by Organization of the Petroleum…
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Europe: Shares log biggest daily drop since April after US tariffs hike
European stocks logged their biggest one-day drop in over three months on Friday (Aug 1), at the end of a busy week as investors grappled…
Culture
US: Stocks tumble as weak jobs report adds to doubts on economy
Wall Street stocks finished sharply lower Friday (Aug 1) following a weak July jobs report that raised concerns about US economic health.…
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Genting Singapore sees another leadership shuffle with new COO and CFO appointments
Genting Singapore chief financial officer (CFO) Lee Shi Ruh has been appointed president and chief operating officer (COO), filling a…
Culture
US: Wall St sell-off sparked by Trump tariffs, Amazon results, weak payrolls
Wall Street’s main indexes declined sharply on Friday (Aug 1) as new US tariffs on dozens of trading partners and Amazon’s unimpressive…
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China’s InnoScience rises 31% after named as Nvidia supplier
Chinese chipmaker InnoScience Suzhou Technology Holding closed up 31 per cent in Hong Kong on Friday (Aug 1) after it was identified by…
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Dezign Format eyes gross proceeds of over S$6.5 million in Catalist IPO to build on its growth
Growing up, Chong Nen Sing dreamt of using his skills in design and craft to start a business where he could work with his younger…
Culture
ExxonMobil reports 23.4% drop in profits on lower crude prices
ExxonMobil reported a drop in second-quarter profits on Friday (Aug 1) as the hit from lower crude prices more than offset a boost from…
Culture
Three Intel senior executives to retire amid manufacturing shake up
Three senior executives in Intel’s manufacturing operations are set to retire, Intel told Reuters on Thursday, as new CEO Tan Lip-Bu…
Culture
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 Power distribution…
Culture
UOB trims One Account interest rate again to maximum 2.5% per annum on first S$150,000
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)…
Culture
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%…
Culture
Hong Kong eases listing rules to boost red-hot IPO market
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…
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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 Local stocks…
Culture
BOJ warns US tariffs could hit firms' profits, delay capex plans
Profits of Japanese firms are likely to fall this year because of US tariffs, leading them to downgrade capital expenditure plans, the…
Culture
OCBC CEO-designate Tan Teck Long looks to continue ‘One Group’ strategy, boost synergy
OCBC’s incoming chief executive will continue to bank on its “One Group” approach to boost growth and synergy. “We are an integrated…
Culture
OCBC warns of greater challenges in H2 as ‘chain reaction’ from US tariffs unfolds
While OCBC posted “stronger than anticipated” results in the first half of 2025, the lender will likely face more challenges in the second…
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OCBC trims full-year NIM guidance; Q2 profit slips 7% to S$1.82 billion
OCBC has lowered its target net interest margin (NIM) for FY2025 to a range of 1.9 to 1.95 per cent, down five to 10 basis points (bps)…
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British Airways owner IAG beats second-quarter profit estimates
British Airways owner IAG reported better than expected second-quarter earnings on Friday (Aug 1), helped by strong demand for its…
Culture
Flight attendants sue Boeing over MAX 9 panel blowout incident
flight attendants on the Alaska Airlines 737 MAX 9 plane hit by a mid-air cabin panel blowout in January last year are suing Boeing for…
Culture
UOBKH downgrades SIA after Q1 earnings a ‘major miss’ against guided range; lowers TP to S$6.03
UOB Kay Hian (UOBKH) equity analyst Roy Chen downgraded his rating on national carrier Singapore Airlines (SIA) to “sell”, with a reduced…