Culture
FLCT to divest commercial building in Australia for A$192.1 million, exiting Melbourne CBD office market
Frasers Logistics & Commercial Trust (FLCT) will divest an office building in Melbourne’s Central Business District (CDB) for A$192.1…
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Culture
Culture
China vows to regulate ‘irrational’ competition in EV industry
The Cabinet will urge the main automakers to fulfil commitments on supplier payment terms and promised to help them boost competitiveness…
Culture
Guinness-owner Diageo CEO step downs after tough two years, finance chief to lead in interim
Diageo CEO Debra Crew has stepped down after just two years in the job, the world’s biggest spirits maker said on Wednesday (Jul 16), with…
Culture
Cathay Cineplexes gets fresh payment demands of over S$3.3 million for Century Square, Causeway Point outlets
Embattled cinema chain Cathay Cineplexes has received more repayment demands of over S$3.3 million in rent arrears and other amounts, owed…
Culture
Cathay Cineplexes gets fresh demands to pay up S$3.3 million debt for Century Square, Causeway Point outlets
Embattled cinema chain Cathay Cineplexes has received more repayment demands – this time, a sum exceeding S$3.3 million in rental arrears…
Culture
Schneider in talks to buy Temasek’s stake in Indian JV
A potential transaction could value the whole venture at roughly US$5 billion including debt Schneider Electric is considering buying out…
Culture
Schneider in talks to buy Temasek’s stake in Indian JV: sources
A potential transaction could value the whole venture at roughly US$5 billion including debt Schneider Electric is considering buying out…
Culture
Singapore shares rise to new high; STI up 0.3%
Shares on the Singapore bourse closed higher on Wednesday (Jul 16), marking the third straight day the benchmark Straits Times Index (STI)…
Culture
UK fines Barclays US$56 million for lapses in financial crime control
It failed to evaluate money laundering risks while providing services to its clients Stunt & Co and WealthTek Britain’s financial…
Culture
Iata ‘watching very carefully’ for profiteering in tariff-exempt aerospace industry
The International Air Transport Association (Iata) is on the lookout for players in the aerospace industry attempting to profiteer by…
Culture
SoftBank-backed travel app Klook is said to consider US listing: sources
Klook, a travel and leisure booking platform, is exploring an initial public offering in the US that may raise as much as US$500 million,…
Culture
Low-cost carrier model not dead, but may not work at every airport: Iata chief
The budget airline model is not dead, but it does not always work at every airport, said Willie Walsh, director-general of the…
Culture
CCCS seeks public feedback on proposed takeover of Seaco by Stonepeak-linked company
The Competition and Consumer Commission of Singapore (CCCS) is seeking public feedback on the proposed acquisition of Global Sea…
Culture
Huawei tops China smartphone market for first time in years
Huawei Technologies took the top spot in China’s smartphone market for the first time in more than four years, a comeback fuelled by new…
Culture
Nvidia’s Huang says China’s open-source AI a ‘catalyst for progress’
Nvidia CEO Jensen Huang called China’s open-source artificial intelligence a “catalyst for global progress” and hailed the country’s…
Culture
Japan’s Nidec builds made-in-China EV motor to help Toyota catch rivals
Japan’s Nidec is building an almost totally “made-in-China” electric vehicle (EV) motor to help Toyota Motor compete in the world’s…
Culture
Flying taxi CEO is billionaire again after stock’s 160% rally
Four years after a much-hyped Spac deal followed by a swift collapse, shares of flying taxi company Joby Aviation have rallied to an…
Culture
Gold nudges higher as focus turns to US tariff negotiations
Keeping gold gains in check, the US dollar and benchmark US 10-year Treasury yields held near multi-week highs Gold prices edged higher on…
Culture
Chinese convertible bonds rally to decade-high on surging demand
Convertible bonds have emerged as one of the most popular asset classes in China this year, trouncing the performance of local stocks and…
Culture
Citigroup looks to issue its own stablecoin to smooth payments
Citigroup is considering issuing its own stablecoin, positioning the company as a possible early mover in the push by traditional banks to…
Culture
US tariffs could have pandemic-like impact on planemaker Embraer, CEO says
The 50 per cent tariff that US President Donald Trump plans to impose on Brazilian exports starting in August could hammer the revenue of…
Culture
TalkMed shareholders approve Tamarind Health’s privatisation offer
Shareholders of TalkMed on Tuesday (Jul 15) approved a proposed privatisation offer from Tamarind Health. Ninety-eight shareholders,…
Culture
US banking giants reap gains from dealmaking rebound
Large US banks expressed optimism about the investment banking outlook for the rest of the year after dealmaking rebounded in the second…
Culture
US dollar gains on yen after consumer price data
The US dollar gained against the Japanese yen and was little changed against the euro on Tuesday (Jul 15) in choppy trading, after data…