Culture
Singapore shares continue winning streak; STI up 0.7%
The benchmark Straits Times Index (STI) extended its winning streak on Thursday (Jul 17), tracking gains in regional markets. The STI rose…
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Culture
Culture
OCBC to develop quantum applications with NUS, NTU and SMU
OCBC will embark on research collaborations with three local universities to develop applications of quantum technology in derivative…
Culture
Julius Baer seeks to cut bonuses of bankers with risky books: sources
The move comes as the Swiss lender’s top management seek to reset and put the bank on a path for growth after a string of missteps Julius…
Culture
Volvo Car posts US$1 billion loss over impairment, tariffs
The automaker’s retail sales plunged 12% to 181,600 vehicles in the second quarter Volvo Car posted a US$1.03 billion operating loss in…
Culture
TSMC profit surges again after AI drives big jump in sales
The company’s performance underscores resilient demand for high-end artificial intelligence chips from the likes of Nvidia and Advanced…
Culture
TSMC posts record quarterly profit on AI demand, but is cautious on tariff impact
Taiwan Semiconductor Manufacturing Co (TSMC), the world’s main producer of advanced artificial intelligence (AI) chips, posted record,…
Culture
Trek 2000 International divests stake in Terrenus Energy valued at around S$8.2 million
Technology provider Trek 2000 International announced on Thursday (Jul 17) that it will be disposing its 4.3 per cent stake in Terrenus…
Culture
Trek 2000 divests stake in Terrenus Energy valued at around S$8.2m
The shares are currently held as investment and do not generate any income or revenue for FY2024 Technology provider Trek 2000…
Culture
China vows to address ‘irrational competition’ in EV sector
China pledged to rein in “irrational competition” in its electric vehicle (EV) sector, reflecting authorities’ increasing urgency to…
Culture
Latest Singapore six-month T-bill cut-off yield down at 1.79%
This is the ninth consecutive issuance since Mar 26 for which yields have declined The cut-off yield on Singapore’s latest six-month…
Culture
Companies look to AI to enable financial resilience amid global volatility: DBS survey
Businesses around the world are rethinking long-term strategies as volatility rises, with generative artificial intelligence (Gen AI)…
Culture
mm2 Asia evaluating all available options, including winding up Cathay Cineplexes
Cathay Cineplexes parent company mm2 Asia said on Thursday (Jul 17) that it is evaluating all available options to address its financial…
Culture
Japan’s Sega eyes return to 1990s gaming glory
The big-screen success of 1990s video game speedster Sonic the Hedgehog has brought new fans to Japan’s Sega, which says it is poised for…
Culture
Chinese shipyards’ market share falls to 52% amid US port fees concerns, says Bimco
The market share of Chinese shipyards dropped by almost a third from January to June this year amid concerns about upcoming fees on…
Culture
China probes US$100 underwriting fee amid Xi price war clampdown
China is investigating some of the nation’s top investment banks over bond underwriting fees that hit below US$100, as regulators expanded…
Culture
Scale AI to cut 14% of staff following Meta investment
Scale AI is laying off hundreds of employees from its data-labelling business, one-month after Meta Platforms invested US$14.3 billion in…
Culture
How Chinese consumer brands are muscling into South-east Asia
EVERY tourist arriving in Ho Chi Minh City visits the 110-year-old Ben Thanh Market. Its surrounding streets pulse with local eateries,…
Culture
Fed’s Williams says tariff economic impact is only just starting
Federal Reserve Bank of New York President John Williams said Wednesday that monetary policy is in the right place to allow central…
Culture
New details in Air India crash probe shift focus to plane’s captain: WSJ
A COCKPIT recording of dialogue between the two pilots of the Air India flight that crashed last month indicates the captain turned off…
Culture
Haagen-Dazs maker prices debt for 4.4 billion euros payout to owners
Froneri International, the maker of Haagen-Dazs ice cream, is wrapping up commitments for a debt deal to help fund one of the largest…
Culture
NSALE Outfits Under $100 - Southern Curls & Pearls
Hiiiiii friends! If you’re shopping the Nordstrom Anniversary Sale, you know things are selling out quickly! But don’t worry, I’ve rounded…
Culture
mm2 Asia seeks to delay S$54 million bond repayment by six years
Embattled entertainment group mm2 Asia has proposed to amend a S$54 million-bond deal that was set for redemption in December. In a…
Culture
US: Wall St opens higher as inflation data, earnings take centre stage
Wall Street’s main indexes opened higher on Wednesday (Jul 16) as investors sifted through new inflation data and digested a fresh round…
Culture
HRnetGroup appoints 10 new business leader co-owners
HRnetGroup has appointed 10 new business leader co-owners, following the retirement and departure of certain leaders, to bring its total…