Business
Chevron seeks buyers for 50% stake in Singapore refinery: sources
US oil major Chevron has sought non-binding bids for the sale of its 50 per cent stake in Singapore Refining Company (SRC), including from…
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Business
Business
Indonesia central bank makes market intervention after rupiah depreciation
Indonesia’s central bank intervened in the foreign exchange market in a measured way on Thursday (Jun 19), an official said, after the…
Business
Japan to cut super-long bond sales by 10% to calm markets
Japan’s government plans to cut sales of super-long bonds by about 10 per cent from its original plan in a rare revision to its bond…
Business
Grab-GoTo merger talks face Indonesian regulatory hurdles: sources
[JAKARTA/SINGAPORE] Singapore-based Grab’s plan to acquire Indonesia’s GoTo to create a dominant South-east Asian ride hailing and food…
Business
Swiss National Bank cuts interest rate to zero in effort to stop franc inflows
The Swiss National Bank (SNB) cut its interest rate to zero, seeking to deter investors from pushing up the franc. The quarter-point…
Business
Swiss watch exports slump in May as US tariffs shake market
Asia exports slump as shipments to China, Japan and Hong Kong plunge by double digits in latest data Swiss watch exports dropped by almost…
Business
Philippines cuts key rate again as inflation stays below target
The Bangko Sentral ng Pilipinas reduced its overnight target reverse repurchase rate to 5.25% on Thursday The Philippine central bank…
Business
SingPost puts up 10 HDB shophouses for S$50 million in sale-and-leaseback bid
National postal service provider Singapore Post (SingPost) has put up 10 Housing & Development Board (HDB) shophouses for sale and…
Business
Hong Kong Monetary Authority says outlook for local currency uncertain
The city’s de-facto central bank has made the comments in response to the US Federal Reserve’s overnight decision to keep rates unchanged…
Business
Globally diversified equities remain attractive amid yet another Fed pause: analysts
Analysts continue to favour globally diversified equities, as the US Federal Reserve kept interest rates unchanged on Wednesday (Jun 18).…
Business
US recovers US$225 million stolen in crypto scam
The US government said on Wednesday it recovered US$225 million in the largest seizure yet of money stolen in a cryptocurrency confidence…
Business
Japan firms exit Tokyo exchange at record pace in delisting rush
Japanese companies are leaving the Tokyo Stock Exchange (TSE) at the fastest pace in over a decade, reflecting a surge in deals and…
Business
Microsoft prepared to abandon high-stakes talks with OpenAI: report
The startup requires approval from the tech giant to complete its transition into a public-benefit corporation, which it believes will…
Business
Asia: Stocks drop after Fed warning, oil dips with Middle East in focus
Asian stocks fell on Thursday after the Federal Reserve warned Donald Trump’s trade war would likely reignite US inflation and dampen…
Business
Bank of Japan’s gloomy projections suggest no rate hike this year: ex-top economist
The Bank of Japan is likely to hold off raising interest rates this year unless a dramatic, positive turn of events in US tariffs allows…
Business
PEC delists from SGX on Jun 19 after US$165 million acquisition by Liberty Energy Solutions
Engineering company PEC was delisted from the mainboard of the Singapore Exchange (SGX) at 9 am on Thursday (Jun 19), after Alliance…
Business
Alibaba Cloud to start second data centre in South Korea by June
The company operates 87 availability zones across 29 global regions and is China’s largest cloud provider Alibaba Group Holding will open…
Business
Blackstone’s ASK plans to hire 70 wealth bankers in India
The group has over 745 billion rupees in assets across alternative investment funds, portfolio management services and private wealth…
Business
Australia: Shares hit 2-week low as miners, gold stocks fall; Fed holds rate
RALIAN shares hit a two-week low in early trade on Thursday, weighed down by miners and gold stocks as the US Federal Reserve’s cautious…
Business
NAB pays A$751,200 penalty on breaches of consumer data rights rules
RALIA’S competition watchdog said on Thursday that the National Australia Bank had paid a fine of A$751,200 (S$629,000) over alleged…
Business
Standard Chartered cuts jobs in Singapore; moves them to India: Finance jobs portal
Dozens of staff at Standard Chartered have reportedly been laid off in Singapore in a fresh round of job cuts by the London-based bank.…
Business
Malaysia FX reserves at three-year high to aid ringgit stability
Malaysia’s increasing currency reserves are bolstering its defences against market volatility. The country’s net foreign exchange (FX)…
Business
Stocks to watch: DBS, UOB, Sats, Far East Orchard, GuocoLand, Elite UK Reit
THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 19): DBS: The lender inked a…
Business
Fidelity, BlackRock target Chinese demand for offshore funds
Fidelity International is poised to offer products that attract mainland investors chasing higher returns from overseas funds, according…