Business
Singapore shares boosted by retail sales growth; STI up 0.3%
The Straits Times Index (STI) settled higher on Tuesday (Aug 5) for the second consecutive session, supported by stronger-than-expected…
Swedan Margen
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Business
Alibaba to shut premium Hema X outlets after rivalry heats up
The move marks a strategic retreat from a model that failed to gain traction against Walmart’s Sam’s Club and Costco Wholesale Alibaba…
News
King Princess’s Homecoming
After the Civil War, the German-born Jewish businessman Isidor Straus moved with his family to New York City. Straus was enterprising and…
Business
Hong Kong resumes currency intervention spree amid low rates
Hong Kong’s brief pause from defending its beleaguered currency proved to be short lived, as the authorities were forced to buy local…
News
Taiwanese authorities detain three over alleged theft of TSMC chip secrets
Taiwanese authorities have detained three people for allegedly stealing technology trade secrets from Taiwan Semiconductor Manufacturing…
Fashion
Malaysia seeks RM1.4 billion for palm oil replanting over next five years
Malaysia’s commodities ministry said on Tuesday (Aug 5) that it would seek to boost the allocation for palm oil replanting to RM1.4…
Business
Hong Kong asks insurers to move investing roles from Singapore, in push to compete on talent
Life insurers have become the latest target in Hong Kong’s efforts to compete with Singapore in retaining talent and capital. Over the…
News
Texas Governor Greg Abbott Orders Arrest of Democrats Who Fled State in Private Jet to Block Redistricting Vote
Texas Governor Greg Abbott has ordered law enforcement to arrest dozens of Democratic lawmakers from the state who fled to block a…
Business
Joby says Blade deal ‘massive accelerant’ in air taxi drive
Joby Aviation said that it plans to buy the helicopter rideshare business of Blade Air Mobility for as much as US$125 million in stock or…
Business
Asia: Markets track Wall Street rally on Fed rate cut bets
Stock markets rose on Tuesday as investors grow increasingly confident the Federal Reserve will cut interest rates next month, despite…
News
China’s record renewables build-out is wasting power as grid lags
China’s breakneck expansion of renewable power continues to set records, but an increasing amount of that wind and solar energy is being…
Business
Dasin Retail Trust’s China unit could face legal action if it fails to pay back offshore loans
Dasin Retail Trust announced on Monday (Aug 4) that its China subsidiary Zhongshan Yuanxin Commercial Property Management could face a…
Business
Australia to provide A$135 million bailout for Trafigura lead, zinc smelters
The Australian government said on Tuesday it will provide A$135 million (S$112.5 million) in financial support for two smelters owned by…
News
Ong Beng Seng convicted in Iswaran corruption case: What’s next for the HPL empire?
While Hotel Properties Ltd (HPL) maintains a “business as usual” stance after founder Ong Beng Seng’s exit from management and his…
Business
Stocks to watch: CICT, CapitaLand Ascendas Reit, Lendlease Global Commercial Reit, Frasers Hospitality Trust, Sunpower
The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 5): CapitaLand Integrated…
Business
CICT H1 DPU up 3.5% rise on Ion Orchard contribution; Reit buying rest of CapitaSpring for S$1 billion
CapitaLand Integrated Commercial Trust’s (CICT) distribution per unit (DPU) rose by 3.5 per cent to a new high of S$0.0562 for its first…
Business
Australia activates Blackrock’s A$1 billion super battery which will be world’s most powerful
The country leads globally in rooftop solar per capita, which floods the grid with cheap daytime power but also creates challenges for…
Business
Intel’s credit rating downgraded by Fitch on demand challenges
H downgrading US chipmaker Intel’s credit rating by one notch on Monday, according to a note by the ratings agency, which assigned a…
Business
Michael Saylor’s Strategy makes its third-largest Bitcoin purchase ever
Michael Saylor’s Bitcoin juggernaut is at it again, buying near the highs with the kind of capital-markets firepower no other crypto firm…
News
Texas Republicans issue arrest warrants for Democrats who fled state to thwart redistricting vote
Texas Gov. Greg Abbott ordered the arrest Monday of Democratic state legislators who've fled the state, as a partisan standoff escalated…
News
DOJ launches grand jury probe of Russiagate hoax
Attorney General Pam Bondi has ordered federal prosecutors to take action on Director of National Intelligence Tulsi Gabbard's criminal…
News
Whistleblower accuses intelligence officials of pressing analysts to support Trump-Russia hoax
Director of National Intelligence Tulsi Gabbard has revealed how an intelligence officer and other analysts were pressured to say that…
Business
Amazon cuts 110 jobs in reorganization of Wondery audio division
Amazon on Monday said it is cutting 110 roles from its audio division Wondery as part of a restructuring effort. The cuts reflect an…