Business
Firefly Aerospace IPO: Stock price will be closely watched today as SpaceX rival makes Nasdaq debut
A commercial spaceflight company that specializes in small- to medium-lift launch vehicles is hoping to have a giant-sized first day of…
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Business
Business
The Download: how AI is improving itself, and hidden greenhouse gases
Last week, Mark Zuckerberg declared that Meta aims to achieve smarter-than-human AI. He seems to have a recipe for achieving that goal,…
Business
‘We are a big tanker; we are shifting’: UOB’s Wee Ee Cheong takes long-term view on trade loans
Trade loans remain a relatively small portion of UOB’s total portfolio, but their contribution to the bank’s balance sheet is expected to…
Business
Azalea’s Astrea 9 bonds over 3 times subscribed, draw more than S$3.4 billion in demand
Investor demand for the latest Astrea private equity (PE) bonds has surged, with total subscriptions surpassing S$3.4 billion across all…
Business
Singapore Land posts 7% higher earnings of S$111.4 million for H1
Its revenue rises 8% to S$368.3 million on the back of higher contributions from property investments and technology operations Property…
Business
Bank of England cuts rates to 4% after narrow 5-4 vote
The Bank of England (BOE) cut interest rates on Thursday (Aug 7) but four of its nine policymakers – worried about high inflation – sought…
Business
Keppel raises S$6.3 billion in private funds for education and data centre assets
Keppel has secured S$6.3 billion in funds under management so far this year for its private fund strategies, including education assets…
Business
Genting Singapore H1 profit falls 34% to S$234.7 million on weaker gaming, room revenue
Resort and casino operator Genting Singapore reported a 34 per cent drop in profit for the first half of the year to S$234.7 million.…
Business
The Expectation of Price Controls and Federal Investment in Defense-Critical Minerals
One obvious problem is dependence on subsidized Chinese minerals. A less obvious one is the expectation of future price controls. Source…
Business
Under Armour Unveils New UA Halo Collection, Signaling a New Era for the Brand’s Footwear
Under Armour is entering a new era of athletic footwear with the launch of the UA Halo collection. Built for the modern athlete, the Halo…
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…
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