Culture
Reits and tech lead net institutional inflows; Frencken chair and DHLT CEO raise their stakes
Over the five trading sessions from Jun 20 to 26, institutions remained net sellers of Singapore stocks, with net institutional outflow of…
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Culture
Culture
Big banks pass Fed’s stress test, setting stage for payouts
[WASHINGTON, DC] A group of large US banks comfortably cleared the Federal Reserve’s annual stress test, setting the stage for lenders to…
Culture
Citigroup sees bigger IPOs as private deals bulk up valuations
A wave of big initial public offerings (IPOs) is building as emerging growth companies stay private for longer and bulk up their…
Culture
Best performing S-Reits post double-digit total returns in H1
The S-Reit sector delivered a stable performance in the first half of 2025, with the iEdge S-Reit index gaining 0.6 per cent to 1,010.73…
Culture
Wall Street’s booming June is big bet against economy doomsayers
Wall Street is throwing a summer party with markets just closing out their best cross-asset advance in more than a year on receding fears…
Culture
OpenAI turns to Google's AI chips to power its products: source
OpenAI recently began renting Google’s artificial intelligence (AI) chips to power ChatGPT and its other products, a source close to the…
Culture
Hong Kong-listed China Medical System seeks secondary listing on SGX
Hong Kong-listed China Medical System (CMS) is seeking a secondary listing on the mainboard of the Singapore Exchange (SGX) in July this…
Culture
Hong Kong’s sixfold jump in share sales drives boom year in Asia
Hong Kong’s having a banner year as it marches towards becoming the second-largest market globally for share sales for the first time…
Culture
Elon Musk says first Tesla drove itself from factory to customer
Tesla chief executive Elon Musk said a Tesla Model Y SUV drove itself from the company’s factory near Austin to a customer’s home in the…
Culture
Meta seeks US$29 billion from private capital firms for AI data centres, FT reports
Meta Platforms is seeking to raise US$29 billion from private capital firms to build artificial intelligence (AI) data centres in the US,…
Culture
GuocoLand's Dora Chng on condo buyer preferences.
As customers’ needs evolve, having a flexible layout can be a big draw for discerning condo buyers here, according to Dora Chng,…
Culture
Oil steadies after report of planned Opec+ August output hike
Oil prices edged up slightly on Friday (Jun 27), recovering from a midday drop into negative territory following a report that Opec+ was…
Culture
Wealthy Silicon Valley investors in line for US$17 billion windfall in US senate Republican tax Bill
Silicon Valley’s favourite tax break may be getting an upgrade. Venture capitalists, along with successful tech founders and early startup…
Culture
Europe: Stocks rise as US-China trade tensions ease; auto stocks jump
European stocks closed at an over one-week high on Friday (Jun 27), fuelled by a rally in automakers, as investors took more risks on…
Culture
US: S&P 500, Nasdaq hit record closing highs amid trade negotiations, rate cut bets
Wall Street extended its rally on Friday (Jun 27), sending S&P 500 and Nasdaq to all-time closing highs as trade deal hopes fuelled…
Culture
MAS fines 5 payment firms S$960,000 for anti-money laundering lapses
The Monetary Authority of Singapore (MAS) has fined five major payment institutions a total of S$960,000 for breaches of its anti-money…
Culture
OCBC trims 360 Account interest rates for the second time in 2025
OCBC will cut interest rates for its 360 Account, in line with lower interest rate expectations. With effect from Aug 1, the maximum…
Culture
US: S&P 500, Nasdaq touch record highs after tame inflation data
The S&P 500 and the Nasdaq opened at record highs on Friday (Jun 27) as a benign inflation report supported hopes for a dovish policy…
Culture
S-E Asia tech funding hits US$2 billion in H1 2025, yields unicorn in Sygnum: Tracxn
Digital asset group Sygnum has emerged as the sole new unicorn from South-east Asia in the first half of 2025, data platform Tracxn said…
Culture
Sygnum is sole new unicorn from South-east Asia in H1 2025: report
Digital asset group Sygnum has emerged as the sole new unicorn from South-east Asia in the first half of 2025, data platform Tracxn said…
Culture
CCCS okays Tamarind Health’s proposed acquisition of TalkMed
The Competition and Consumer Commission of Singapore (CCCS) has cleared Tamarind Health’s proposed acquisition of tertiary healthcare…
Culture
Swiss-American eye care firm Alcon launches expanded Tuas manufacturing facility
Alcon, a Swiss-American pharmaceutical and medical device company specialising in eye care products, opened its expanded manufacturing and…
Culture
Mystery US$33 billion Chinese medicine fortune collapses in days
When Yat-Gai Au was worth US$33 billion on paper, he was not in his Hong Kong office. One week later, when his net worth plunged to…
Culture
Singapore stocks track overnight Wall Street gains on Friday; STI up 0.7%
Local stocks tracked overnight Wall Street gains to end higher on Friday (Jun 27). The benchmark Straits Times Index (STI) rose 0.7 per…