Culture
Australia: Banks, miners lift stocks; Trump’s Iran-Israel truce announcement boosts sentiment
RALIAN shares rose on Tuesday, led by gains in banks and miners, as US President Donald Trump’s announcement of the Iran-Israel ceasefire…
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Culture
Culture
Acrophyte Hospitality Trust mulls suspending or reducing distributions under strategy review
The manager says it faces challenges in funding the capital expenditures that many of its properties require The managers of Acrophyte…
Culture
Stoneweg European Business Trust invests 50 million euros in fund with early-stage data centre sites
The manager of Stoneweg European Business Trust (Sert) announced on Tuesday (Jun 24) that the stapled trust has made a 50 million euros…
Culture
Stocks to watch: OCBC, Lum Chang, Suntec Reit, Acrophyte Hospitality Trust, Stoneweg Europe Stapled Trust, ICP
The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 24): OCBC: The lender on Monday…
Culture
Tesla sued over Model S crash that killed three in New Jersey
TESLA was sued on Monday by the estates of three people killed last September when their 2024 Model S equipped with Autopilot and Full…
Culture
Nissan’s new CEO faces investor grilling over job cuts, losses and mounting debt
NISSAN Motor chief executive officer Ivan Espinosa’s first shareholder meeting will be overshadowed by tough questions over tariffs,…
Culture
A US$4 billion Hong Kong family office makes first crypto foray
A MONEY manager to some of Hong Kong’s richest individuals will start investing in crypto, as more favourable regulations attract a wider…
Culture
US Fed official says open to July interest rate cut
A key US central bank official called on Monday for an interest rate cut as early as July if inflation effects from President Donald…
Culture
Europe: Stocks fall in wake of US-Iran tensions
EUROPEAN stocks stumbled on Monday. The pan-European Stoxx 600 index closed 0.28 per cent lower at 535.03, after touching its lowest level…
Culture
MAS turns down ex-NTUC Income CEO’s request to meet chairman Gan Kim Yong over Allianz matter
The Monetary Authority of Singapore (MAS) said on Monday (Jun 23) that it has rejected former NTUC Income chief executive Tan Suee Chieh’s…
Culture
Japanese megabanks weigh Middle East evacuations, JPMorgan limits travel
[TOKYO/NEW YORK] Several major Japanese banks are considering evacuating staff from the Middle East and Wall Street giant JPMorgan has…
Culture
US: Wall Street indices open muted as investors await Teheran’s response to US strikes
Wall Street’s main indices opened subdued on Monday (Jun 23) as investors awaited Iran’s possible response to US airstrikes on its nuclear…
Culture
Lum Chang Creations lodges preliminary document for Catalist IPO
Interior fit-out business Lum Chang Creations has lodged a preliminary prospectus on Monday (Jun 23) for a Catalist listing on the…
Culture
Young investor demand for alternative assets is reshaping Wall Street’s playbook
Wall Street has a new favourite investor. They are young, they are affluent and they’re sceptical that traditional markets can deliver…
Culture
Stellantis shares fall as new CEO avoids big shake-up of top jobs
Stellantis new CEO Antonio Filosa started his tenure on Monday (Jun 23) by retaining his previous role as head of the key North American…
Culture
Looming Hormuz blockade threatens Asia’s energy lifeline, unsettling oil market
Oil and liquified natural gas (LNG) buyers in Asia have been unsettled by the Iranian parliament greenlighting a plan to close the Strait…
Culture
Possible Hormuz blockade threatens Asia’s energy lifeline, unsettling oil market
Oil and liquified natural gas (LNG) buyers in Asia have been unsettled by the Iranian parliament greenlighting a plan to close the Strait…
Culture
Private-hire group urges Grab to delay bonus revamp, over fears that drivers’ earnings will be hurt
The National Private Hire Vehicles Association (NPHVA) has urged Grab to delay changes to its driver incentive scheme, saying it is…
Culture
Singapore stocks fall amid mixed regional trading following US strikes on Iran
Local stocks ended lower on Monday (Jun 23) amid a mixed trading session in the region, after the US launched strikes on three of Iran’s…
Culture
OCBC says ‘no intention’ to convert Great Eastern Class C non-voting shares to ordinary shares in five years
OCBC exit offer is final; it does not plan to launch another offer in the foreseeable future OCBC said it has “no intention” to convert…
Culture
Global airlines halt Middle East flights as war disruptions reach Dubai
Major global airlines extended flight cancellations to the Persian Gulf, disrupting air traffic to critical hubs such as Dubai after the…
Culture
Nomura CEO’s pay more than doubles after profit hits record
Nomura Holdings more than doubled Kentaro Okuda’s pay last year, rewarding the chief executive officer for guiding Japan’s largest…
Culture
Wing Tai Properties sells entire equity interest in Topworth Enterprises for £43 million
Wing Tai Properties announced on Monday (Jun 23) that its indirect wholly owned Europe subsidiary had sold British Virgin…
Culture
Japanese ships transiting Strait of Hormuz to minimise time in Gulf
Japan’s Nippon Yusen and Mitsui O.S.K. Lines said on Monday they have instructed their vessels to minimise the time spent in the Gulf as…