Business
AI, power, and longevity to drive next decade of transformational innovation: UBS
Investors should consider allocating part of their portfolios to transformational innovation as a way to diversify risks in an…
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Business
Business
Singapore shares move in tandem with Wall Street rally
Buoyed by the overnight Wall Street rally, Singapore shares rose on Tuesday (Jul 1), with about the top one-third counters by weighting…
Business
BNP Paribas completes 5.1 billion-euro acquisition of AXA Investment Managers
The acquisition allows BNP to manage long-term savings for insurers and pension funds with around 850 billion euros in assets Paribas said…
Business
House prices see biggest monthly fall for over two years
UK house prices saw their biggest monthly fall for more than two years in June, according to mortgage lender Nationwide. Prices fell by…
Business
MAS proposes to improve complex product labelling and disclosures for investors
Investors in Singapore may soon gain clearer disclosures and improved guidance for complex investment products if a set of amendments…
Business
No compulsory financial advice needed for most retail investors under proposed MAS changes
Retail investors may soon be able to invest in products that are deemed complex without seeking the now-mandatory financial advice, even…
Business
Two Chinese chip firms plan 12 billion yuan IPOs, bet US export curbs to spur growth
Two Chinese artificial intelligence chip startups are seeking to raise a combined 12 billion yuan (S$2.1 billion) in initial public…
Business
Prudential commences third tranche of US$2 billion share buyback scheme
Asia-focused insurer Prudential on Tuesday (Jul 1) announced the commencement of the third and final tranche of its US$2 billion share…
Business
Chip-design firm SkyeChip is close to a Malaysian IPO, CEO says
Malaysian semiconductor designer SkyeChip is “close” to an initial public offering after posting consecutive years of revenue and profit…
Business
Chief Rabbi says 'vile Jew-hatred at Glastonbury' a 'national shame'
The UK's Chief Rabbi has strongly criticised "the airing of vile Jew-hate at Glastonbury" after a live broadcast of Bob Vylan's…
Business
From banks to tech: Job cuts and layoffs for 2025
In 2025, a growing number of corporations globally have announced job cuts, as macroeconomic pressures, restructuring efforts, and…
Business
Liquidators file legal proceedings against Standard Chartered Bank over 1MDB fraud
Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1MDB have initiated legal proceedings against…
Business
Standard Chartered Bank faces US$2.7 billion lawsuit over alleged role in 1MDB fraud
The move is the latest in a wide-ranging effort to recover money belonging to 1Malaysia Development Berhad — Liquidators seeking to recoup…
Business
Standard Chartered faces US$2.7 billion lawsuit over alleged role in 1MDB fraud; bank ‘emphatically rejects’ claims
Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) have…
Business
China raises quota for foreign investment, ending 13-month pause
The QDII programme allows local institutional investors who meet certain conditions to buy foreign securities, bonds, and commodities…
Business
Landmark EU tech rules holding back innovation, Google says
Alphabet’s Google will on Tuesday warn EU antitrust regulators and its critics that landmark European Union rules aimed at reining in Big…
Business
Chinese automakers grab record hybrid market share in Europe
Chinese automakers continued to expand their European foothold in May, capturing the highest share ever of hybrid-car sales and the…
Business
Chinese money fires up Hong Kong shares
[SHANGHAI/HONG KONG] Chinese investors are piling into Hong Kong shares lured by lower valuations and the city’s strategic position in…
Business
Inside the Challenges Befalling Black-owned Brands in 2025 — and How They’re Facing Them
Black beauty brand founders are facing waning support. Founders and executives told WWD that the galvanization they saw in the wake of…
Business
With WhatsApp Partnership, L’Oréal Paris Wants People to Ask Beauty Genius — Not ChatGPT — for Beauty Help
L’Oréal Paris is betting big on Beauty Genius. The brand, whose parent company L’Oréal has gained status as a leader in beauty-tech in…
Business
Asia: Stocks rise on trade deal hopes, Tokyo hit by tariff warning
Asian stocks rose on Tuesday amid optimism countries will strike US trade deals, though Tokyo’s Nikkei sank after Donald Trump threatened…
Business
Three senior Mizuho FX/rates traders exit in Singapore, London
Three senior executives have left Mizuho Financial Group’s foreign-exchange and rates trading teams in Singapore and London, according to…
Business
KKR starts financial advisory platform to widen choices for Singapore consumers
Global asset manager KKR has started a platform for financial advisory (FA) firms that will give customer more choices. Launched on…
Business
PwC Singapore appoints 11 new partners across different practices
PwC Singapore has named 11 new partners as it responds to increasing demand for industry-focused advice and cross-border capabilities. The…