Culture
Trump signs stablecoin law as crypto industry aims for mainstream adoption
US President Donald Trump on Friday signed a law to create a regulatory regime for dollar-pegged cryptocurrencies known as stablecoins, a…
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Culture
Culture
Blackstone drops out of consortium bid for TikTok US: source
PRIVATE equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok’s US operations, a source familiar with the…
Culture
G20 finance chiefs back central bank independence in first communique since October
[DURBAN, South Africa] Finance chiefs from the Group of 20 countries stressed the importance of central bank independence while pledging…
Culture
Oil steadies as mixed US economic and tariff news offset new Russia sanctions
Crude oil futures were little changed on Friday on mixed US economic and tariff news and worries about oil supplies following the European…
Culture
Europe: Shares end flat as markets assess earnings flurry
EUROPEAN shares were unchanged on Friday, as losses in heavyweight healthcare shares were countered by an advance in oil and gas stocks,…
Culture
US: Stocks mixed as indexes struggle to retain record highs
Wall Street stocks closed mixed on Friday, with the S&P 500 and Nasdaq struggling to log significant gains as investors awaited further…
Culture
US: Wall Street opens higher as investors weigh data, earnings
Wall Street opened higher on Friday (Jul 18), with investors weighing a week of mixed economic signals and earnings reports, while…
Culture
Porsche plans more cost cuts to counter tariffs, China slump
It will start negotiations on additional reductions in the second half of this year [Stuttgart] Porsche warned its employees to brace for…
Culture
Lum Chang Creations’ public offer of 1 million shares 47.3 times oversubscribed
Lum Chang Creations (LCC) has drawn strong investor interest for its initial public offering (IPO), with one million offer shares about…
Culture
Garuda new 737 plane’s higher rent may strain finances further
Garuda is paying twice as much to lease its latest Boeing 737 Max jet than it does for the older 737 planes in its fleet, another…
Culture
UOB awarded S$17.7m in civil suit against Lippo Marina Collection over inflated housing loans
UOB has been awarded S$17.7 million in claims against Indonesian developer Lippo Marina Collection (LMC) and two property agents, Goh Buck…
Culture
Singapore shares end week on high; STI up 0.7%
Across the broader market, advancers outnumber decliners 430 to 147, after 2.2 billion securities worth S$1.6 billion change hands The…
Culture
RHB Bank’s Singapore unit key to regional growth plan, targets
Singapore, part of Malaysia’s fourth-biggest banking group RHB, will be key in driving its regional expansion plans and help meet targets…
Culture
HSBC disbands team focused on managing geopolitical risks
Holdings is disbanding a team of staffers that were focused on identifying and managing geopolitical risk, even as the possibility of such…
Culture
China venture capital funds tap global investors for US$2 billion in comeback
China’s largest venture capital houses are tapping the market for at least US$2 billion in new funds, re-engaging with the country’s…
Culture
BP to sell onshore wind business in US
BP is seeking to cut cleaner energy investment by more than US$5 billion annually said on Friday (Jul 18) it had agreed to sell its…
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ECB may wait until December to make final rate cut: survey
The European Central Bank (ECB) can delay its final interest-rate cut until December without investors concluding in the meantime that…
Culture
Cinemas weigh launching new large screen brand to challenge Imax
Some of the largest US theatre chains, including Cinemark, Regal and Marcus, have held preliminary talks about jointly marketing their…
Culture
Trump’s U-turn on Nvidia spurs talk of grand bargain with China
Only a few years ago, the Biden administration declared export controls a “new strategic asset” to help the US maintain “as large a lead…
Culture
Japan’s SMEs ready to adapt to Trump tariffs
Small and medium-sized (SME) firms such as Mitsuwa Electric that form the backbone of Japan’s economy have weathered many storms over the…
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Asia: Markets on course to end week on a positive note
Asian markets headed into the weekend on a broadly positive note on Friday (Jul 18), as investors took up New York’s latest record highs…
Culture
Maybank initiates ‘buy’ call on Keppel DC Reit amid demand for AI adoption, cloud migration
Maybank Securities analyst Krishna Guha on Thursday (Jul 17) initiated a “buy” rating on Keppel DC Reit, with a target price of S$2.40,…
Culture
Ultra-rare metal rides AI boom as star performer among commodities
Thanks to the boom in artificial intelligence (AI), an ultra-rare element that you’ve probably never heard of is one of this year’s…
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Cathay cinema survived a world war, but there may not be a sequel for the icon
Cathay Cineplexes could face its final curtain call after 85 years, as streaming and shifting consumer patterns deal a fatal blow to…