Business
Asia: Stocks rally as Iran-Israel ceasefire holds, oil claws back some losses
Most equities extended a global rally on Wednesday (Jun 25) after Iran and Israel agreed to a ceasefire that ended more than a week of…
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Business
Business
China seizes moment to globalise yuan as US dollar doubts mount
China is launching a sweeping campaign to promote the yuan’s global role, seizing what officials see as a rare strategic opening. With the…
Business
China urges AIIB to step up cross-border development funding, says global aid drying up
Chinese officials have increasingly emphasised ties with South-east Asia, which last year overtook the EU to become the US$19 trillion…
Business
China makes pitch for more private cash in cross-border projects
China’s Finance Minister Lan Fo’an has urged a greater role for private investment in ensuring sustainable funding for cross-border…
Business
Heat pumps and EVs making progress, UK climate advisers say
Mark Poynting Climate reporter, BBC News More people are buying electric cars and installing heat pumps than ever before, but those…
Business
Bank of Japan board divided over rate pause and inflation risks, June summary shows
Some Bank of Japan (BBOJ) policymakers called for keeping interest rates steady for the time being due to uncertainty over the impact of…
Business
ST Engineering divests entire equity interest in US-based construction manufacturer LeeBoy for US$290 million
Singapore Technologies Engineering (ST Engineering) on Tuesday (Jun 24) announced that it will be selling its entire equity interest in ST…
Business
ST Engineering divests entire equity interest in US-based construction player LeeBoy for US$290 million
Singapore Technologies Engineering (ST Engineering) on Tuesday (Jun 24) announced that it will be selling its entire equity interest in ST…
Business
Rod Stewart on Glastonbury: 'I wish they wouldn't call it the tea time slot'
Mark Savage Music Correspondent "Did you know I can run 100 meters in 19 seconds?" Rod Stewart, Sir Rod Stewart, is boasting about his…
Business
New Zealand-based Xero forks out over US$2.5 billion to buy US fintech firm Melio
The deal will be funded through a placement to raise US$1.2 billion, a US$400 million unsecured credit facility, among others Xero, New…
Business
Stocks to watch: Sembcorp Industries, ST Engineering, Frasers Centrepoint Trust
The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 25): Sembcorp Industries: The…
Business
Target explores factory-direct shipping model used by Temu
Target is testing the delivery of products directly to customers’ homes from factories, said sources familiar with the matter, an effort…
Business
Sembcorp unit prices S$300 million fixed rate notes at 3.55%
The offering is close to seven times oversubscribed against the target issuance size Sembcorp Industries announced on Wednesday (Jun 25)…
Business
China’s wealth fund pulls plug on US$1 billion private equity sale
China’s sovereign wealth fund has pulled its planned sale of US$1 billion in US fund stakes tied to some of the biggest names in private…
Business
Ping An builds HK$180 billion stake in China banks on dividend bet
Ping An Insurance Group, as well as other Chinese insurers, have ramped up investments in the nation’s biggest banks on a bet that the…
Business
Daiwa plans 100 billion yen real estate fund as Japan market booms
Daiwa Securities Group plans to launch a real estate fund with two partners, tapping investor demand for a piece of Japan’s booming…
Business
BlackBerry raises annual revenue forecast on robust demand for cybersecurity services
The Waterloo-based company’s expects revenue between US$234 million and US$244 million for the unit, from its prior forecast of US$230…
Business
Should this lab-grown burger really be served in restaurants?
Inside an anonymous building in Oxford, Riley Jackson is frying a steak. The perfectly red fillet cut sizzles in the pan, its juices…
Business
FedEx forecasts profits below analysts’ target, shares dive 5% after hours
FedEx signalled caution ahead with a forecast for the current quarter that was short of the target set by analysts, and shares of the…
Business
US: Iran-Israel ceasefire lifts stocks
Wall Street stocks jumped on Tuesday (Jun 24) as an Iran-Israel ceasefire appeared to hold through its first day and oil prices continued…
Business
Lilly Pulitzer Creates Collection for Penny’s Flight Foundation Charity
Penny’s Flight: Lilly Pulitzer is showing its charitable side. The Oxford Industries-owned brand has co-designed a special print for a…
Business
Lyon relegated: French club demoted to Ligue 2 over finances
French club Lyon have been demoted to Ligue 2 because of the poor state of their finances. The club were provisionally demoted by the…
Business
Mastercard partners with Fiserv to support new FIUSD token as stablecoin competition is expected to grow
Mastercard has announced a partnership with global fintech Fiserv’s new stablecoin, FIUSD, in an effort to make the stabilized…
Business
England vs India: Ben Duckett one of world's best batters - Jonathan Agnew
Josh Tongue must also be given praise after he twice blew away India's tail to finish with seven wickets in the match. India should have…