Business
Singapore shares rise, mirroring regional gains despite tariff kick-off; STI up 0.7%
Local stocks closed higher on Thursday (Aug 7), extending their winning streak to a fourth consecutive session, in line with broader gains…
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Business
Business
Chinese drone maker DJI shut out of Washington with US market at risk
Chinese-owned and operated DJI Technologies is up against an end-of-year deadline to keep its US business alive, and the drone maker is…
Business
Hyflux’s ex-director pleads guilty to disclosure-related charge, fined S$90,000 and barred from directorships
A former independent director of Hyflux pleaded guilty on Thursday (Aug 7) to being negligent in the insolvent water treatment firm’s…
Business
Hyflux’s ex-director Mitta fined S$90,000, barred from directorships; Olivia Lum’s trial starts Aug 11
A former independent director of Hyflux pleaded guilty on Thursday (Aug 7) to being negligent in the insolvent water treatment firm’s…
Business
Mining giants squeeze dividends with an eye toward funding growth
So far this earnings season, large miners are paying out their lowest dividends in years, as mineral prices slip and they need to retain…
Business
Singapore new corporate debt issuance up 34% to S$308 billion in 2024
The corporate debt market saw robust growth in 2024, with new debt issuances rising 34 per cent year on year to S$308 billion. This…
Business
China stocks close at highest level since 2021 on upbeat trade data
Investors remain focused on an Aug 12 deadline to see if Beijing and Washington will reach a durable tariff agreement. China stocks rose…
Business
Chinese EV company BYD is seeing surging European sales—while Tesla continues to tank
On August 5, new automotive industry data revealed how EV brands are faring in the U.K. and Germany, and the update marks yet another…
Business
DBS looks to volume growth to mitigate falling interest rates; stock soars to record high, hits S$50 mark
Shares of DBS soared to a record high on Thursday (Aug 7) – briefly hitting a milestone S$50 mark – as South-east Asia’s biggest lender…
Business
Chinese firms sell record amount of currency options in first half of 2025
Broad US dollar weakness has underpinned the renminbi, but domestic economic weakness and lingering trade uncertainty with the US have…
Business
Bank of England expected to cut interest rates
UK interest rates are widely expected to be cut on Thursday, taking the cost of borrowing to its lowest level for more than two years.…
Business
Siemens revenue climbs on robust demand for rail products
Like most manufacturers, the German manufacturer is also contending with higher tariffs Siemens’s revenue and orders rose in its fiscal…
Business
The Ashes 2005: Was Edgbaston the greatest Test match of all time?
Former England cricketers relive 2005's second Ashes Test at Edgbaston, regarded as one of the greatest matches of all-time. England won…
Business
Newspaper headlines: 'Labour's tax war' and 'banter off the menu'
Taxes are dominating the papers on Thursday morning, along with edits made to the upcoming series of MasterChef. Source link
Business
VietJet to hire more than 5,000 new Thai staff for expansion
VietJet Aviation plans to employ more than 5,000 new staff in Thailand as Vietnam’s biggest budget carrier accelerates flight and route…
Business
Soko Glam to Launch K-beauty Shops-in-shop at Space NK
Fresh off its acquisition by Ulta Beauty last month, U.K.-based beauty retailer Space NK is welcoming another retailer crossover. The…
Business
PR Agency Studio Beauty Acquires Wellness Firm Powers PR, Expands With Wellness Division
Studio Beauty, founded by Bex Meredith and Cindy Krupp, has acquired Powers PR for an undisclosed amount. Through the acquisition, Powers…
Business
UOB resumes guidance for FY2025 with trimmed forecasts amid Q2 earnings miss
UOB has resumed guidance on its full-year 2025 targets after briefly pausing them in the first quarter, but the projections are now…
Business
Sony lifts outlook on entertainment demand despite tariff threat
The company’s image sensors business faces weak handset demand as well as seismic shifts in the supply chain Sony Group raised its…
Business
Asia: Markets rise as Trump chip exemptions boost tech giants
Asian equities rose on Thursday, with big-name chip firms making big gains after Donald Trump said those investing in the United States…
Business
SingPost sells 10 HDB shophouses to Union Gas chairman for S$55.5 million
Singapore Post (SingPost) has sold 10 Housing & Development Board (HDB) shophouses for S$55.5 million, after putting them up for sale and…
Business
Sony Pictures Operating Income Jumps 76% in Q1 as Television Output Bolsters Results
Sony Pictures delivered a standout performance in the first quarter of fiscal 2025, with operating income climbing 76% year-on-year to…
Business
BlackRock’s GIP said to hire for South-east Asia infrastructure
The challenge around such ventures is creating a risk-reward structure that attracts enough private capital Global Infrastructure Partners…
Business
Lyft shares slide on weak sales, disappointing ride totals
Lyft shares slid in late on Wednesday (Aug 6) trading after the ride-hailing company reported revenue that fell short of Wall Street’s…