Culture
Asia: Market trade lower; oil prices spike after US strikes on Iran
Oil prices surged and Asian markets traded lower on Monday on concerns of disruption to energy markets after US air strikes on Iran’s…
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Culture
Culture
UBS downgrades Thai stocks to neutral as political woes weigh
Group strategists downgraded Thai stocks to neutral from overweight, citing recent political uncertainty which could impact policy…
Culture
Montage is said to hire banks for US$1 billion Hong Kong listing
The US has been trying to curb Beijing’s ambitions to build a domestic semiconductor industry, Chinese chip designer Montage Technology…
Culture
Changi Airport Group exploring possible new flights to Semarang, Palembang, Belitung in Indonesia
There could potentially be new flight connections between Singapore and three Indonesian destinations – Semarang in Central Java,…
Culture
Air India crash risks fuelling up to 30% jump in insurance premiums
The airline’s fleet is insured for about US$20 billion in total, with an annual premium near US$30 million, according to data from…
Culture
Stocks to watch: OCBC, Fu Yu, Keppel Infrastructure Trust
The following companies saw new developments that may affect trading of their securities on Monday (Jun 23): OCBC: The lender has…
Culture
FedEx founder and executive chairman Frederick Smith has died, CEO tells staff
More than 500,000 employees worldwide handle approximately 17 million shipments each day at the company Federal Express’ (FedEx) founder…
Culture
Shipping on high alert in Middle East After US strikes on Iran
The shipping industry was placed on high alert on Sunday (Jun 22) with warnings that Tehran could retaliate against commercial vessels…
Culture
Central banks in Asia are becoming wary of currency intervention
Some of emerging Asia’s biggest central banks look to be dialling back their interventions in the currency market. The central banks of…
Culture
Sustainable investors hold their ground as energy, defence stocks surge
Regional wars, tariff threats and the US’ pro-fossil fuel policies have sent defence and energy stocks soaring in 2025, but not all is…
Culture
Currency traders ditching the US dollar for euro on option bets
The euro is taking on a bigger role in the global currency options market as traders skirt around the US dollar given the risks from…
Culture
Hong Kong stock rally shakes up investor playbook for China
Wall Street entered 2025 with bullish bets on onshore Chinese stocks, counting on Beijing’s stimulus drive to cushion the blow from US…
Culture
Tesla to roll out robotaxis in overdue step towards Musk dream
Tesla is rolling out its first robotaxis on the streets of Austin after almost a decade of hype from Elon Musk, kicking off a precarious…
Culture
Despite softer retail outlook, most S-Reits with Singapore retail assets record double-digit positive rent reversions
Seven Singapore-listed real estate investment trusts (S-Reits) with local retail assets have recorded improvements in revenue and net…
Culture
US investors, Asia’s ultra-rich drive growth in Asia-Pacific private credit
A slight uptick in private-credit fundraising in Asia-Pacific (Apac) last year has given market players optimism for a positive 2025, even…
Culture
SunMoon Food CEO Zhang Ye boosts interests
Over the four trading sessions from Jun 13 to 18, institutions were net sellers of Singapore stocks, with net institutional outflow of…
Culture
Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites
A US attack on Iranian nuclear sites could lead to a knee-jerk reaction in global markets when they reopen, sending oil prices higher and…
Culture
World Bank and IMF climate snub ‘worrying’, says COP29 presidency
The hosts of the most recent UN climate talks are worried international lenders are retreating from their commitments to help boost…
Culture
Tesla to build first grid-scale power plant in China
Tesla announced on Friday (Jun 20) that it signed an agreement to build its first grid-scale energy storage power station project in…
Culture
Meta launches US$399 Oakley AI glasses with 3k video recording
The company is planning to introduce higher-end glasses with a display to view notifications and the camera view finder later this year,…
Culture
Circle gets buy rating after Senate passes stablecoin bill
The company behind USDC has seen its shares rise more than 600% since they started trading earlier this month Circle Internet Group’s…
Culture
Apple sued by shareholders for allegedly overstating AI progress
The company shares have lost nearly one-fourth of their value since their Dec 26, 2024 record high Apple was sued on Friday (Jun 20) by…
Culture
Former EMA board director now leads energy firm H2G; predecessor stays on amid court case
Former Energy Market Authority (EMA) board director Pek Hak Bin has been appointed chief executive of energy transition firm H2G Green, as…
Culture
US may target Samsung, Hynix, TSMC operations in China: sources
The US Department of Commerce is considering revoking authorisations granted in recent years to global chipmakers Samsung, SK Hynix and…