Culture
Gold inches higher as dollar softens, focus shifts to US economic data
Markets are awaiting US GDP data due later in the day and Personal Consumption Expenditures data on Friday Gold prices nudged higher on…
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Culture
Culture
SGS bond demand to stay high as safe havens sought amid tariff risks, Middle East tensions: RHB
Demand for Singapore Government Securities (SGS) bonds is set to stay high amid investor caution, as traders flock to safe havens on…
Culture
CapitaLand India Trust prices S$100 million perpetual securities at 4.4%
DBS, UOB, JP Morgan Securities Asia and Deutsche Bank are the joint lead managers for the issuance CapitaLand India Trust (Clint) has…
Culture
Bumble to lay off 30% of global workforce as dating apps struggle
Bumble said on Wednesday (Jun 25) it would lay off nearly a third of its workforce, the latest cuts in a dating app industry striving to…
Culture
Foxconn nears deal to supply electric buses to Mitsubishi Fuso: report
The Japanese commercial automaker and Taiwanese chipmaker are looking to create a new company to oversee the buses, according to the…
Culture
Microsoft and OpenAI dueling over artificial general intelligence: report
OSOFT and OpenAI are at odds over a contractual provision related to artificial general intelligence, The Information reported on…
Culture
Stocks to watch: SIA, Sembcorp, Keppel, Cordlife, CapitaLand India Trust, Civmec, ASL Marine
The following companies saw new developments that may affect trading of their securities on Thursday (Jun 26): Singapore Airlines (SIA):…
Culture
Circle K owner misses estimates on lower fuel prices, demand
Circle K owner Alimentation Couche-Tard slightly missed earnings estimates for its fiscal fourth quarter earnings because of lower fuel…
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Shell says it isn’t in talks to take over oil rival BP
Speculation has been growing that the embattled company would become a takeover target Shell denied The Wall Street Journal report that it…
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Shell says it has no intention of making an offer for BP
Shell said it has no intention of making a takeover offer for BP, refuting an earlier report that two of Europe’s biggest companies were…
Culture
US Federal Reserve releases plan to relax key bank capital rule
The US Federal Reserve unveiled plans to roll back an important capital rule that big banks have said limits their ability to hold more…
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US Federal Reserve’s Powell says tariff-driven inflation remains a big question
US Federal Reserve chair Jerome Powell on Wednesday (Jun 25) said the US central bank is still struggling to determine the impact of…
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US: S&P 500, Nasdaq approach record high as Middle East tensions ease
Wall Street’s S&P 500 and Nasdaq indexes rose on Wednesday (Jun 25), hovering near a record peak, as a ceasefire between Israel and Iran…
Culture
Grab to pause changes to driver incentive scheme following backlash
Ride-hailing service Grab will pause planned changes to its driver incentive scheme, following a backlash about the impact on drivers’…
Culture
Ambani and Adani team up to use each other’s fuel pumps
Billionaires Mukesh Ambani and Gautam Adani have partnered to sell transportation fuels using their respective groups’ retail stations…
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Banks critical to help companies in more protectionist global economic order: Gan Kim Yong
Banks play a critical role in helping companies as they adapt to a more protectionist global economic order, said Deputy Prime Minister…
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Board directors must be mindful of family dynamics in businesses, says panellist
Independent directors serving on boards of listed family businesses need to be sensitive to power dynamics within the family, and identify…
Culture
Four dead, five injured in fire at ASL Marine unit’s Batam shipyard
All work on the affected vessel will be suspended until the cause of the fire is established Four workers have died and five were injured…
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Keppel partners AIIB for up to US$1.5 billion in Asia-Pacific green infrastructure deals
Asset manager Keppel has partnered Asian Infrastructure Investment Bank (AIIB) to facilitate up to US$1.5 billion worth of sustainable…
Culture
TSMC unit to issue US$10 billion of stock to counter forex swings
The moves grant TSMC Global more capital flexibility in managing exchange rate risks Taiwan Semiconductor Manufacturing Co’s overseas unit…
Culture
Thailand moves to recriminalise cannabis, shaking US$1b industry
Thailand’s government is moving to recriminalise cannabis, plunging into limbo an industry estimated to be worth over US$1 billion that…
Culture
Sembcorp unit’s acquisition of 49 MW Vietnam hydropower asset delayed
The company will take ‘regulatory uncertainties’ into account for new investments in the country The acquisition of a 49-megawatt (MW)…
Culture
Going around in circles: Do Singapore investors have the appetite for another telco listing?
Singapore’s public listing drought has left investors searching for any sign of life in the markets. It is understandable, then, that the…
Culture
Investment firm PAG raises 3.1 billion yuan in first yuan-denominated buyout fund: sources
Asia-focused investment firm PAG has raised 3.1 billion yuan (S$553 million) at the first close of its inaugural yuan-denominated buyout…