Culture
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 limited its upsidePublished Thu, Aug 7, 2025 · 03:40...
UOB resumes guidance for FY2025 with trimmed forecasts amid Q2 earnings miss
[SINGAPORE] UOB has resumed guidance on its full-year 2025 targets after briefly pausing them in the first quarter, but the projections are now broadly lower.The bank now expects net...
Asia: Markets rise as Trump chip exemptions boost tech giants
[HONG KONG] Asian equities rose on Thursday, with big-name chip firms making big gains after Donald Trump said those investing in the United States would be exempted from a...
SingPost sells 10 HDB shophouses to Union Gas chairman for S$55.5 million
[SINGAPORE] Singapore Post (SingPost) has sold 10 Housing & Development Board (HDB) shophouses for S$55.5 million, after putting them up for sale and leaseback earlier this year. The buyer...
South Korea says Samsung, SK Hynix will not be subject to 100% US chip tariffs
Published Thu, Aug 7, 2025 · 10:42 AM[SEOUL] South Korea’s top trade envoy Yeo Han-koo said on Thursday that Samsung Electronics and SK Hynix will not be subject to...
Manulife buys Comvest to build US$18.4 billion private credit unit
[TORONTO] Manulife Financial agreed to buy a majority stake in Comvest Credit Partners, creating a US$18.4 billion private credit platform as the insurer accelerates its expansion into alternative investments.The...
UOB shares fall over 2% following lower Q2 net profit of S$1.34 billion reported
[SINGAPORE] Shares of UOB fell by more than 2 per cent on Thursday (Aug 7) in early trade, on the back of the local bank’s second-quarter results. It saw...
Gold inches higher as US dollar weakens on Fed rate cut hopes
[BENGALURU] Gold prices edged higher on Thursday (Aug 7), helped by a weaker US dollar on growing expectations of a Federal Reserve rate cut next month, while investors awaited...
Private credit fuels a ‘buy now, pay later’ lending boom in Asia
[HONG KONG] Maria Hazel Regalado, a 48-year-old mother of four in the Philippines, needed a computer last year so she could work from home. Regalado, who helps manage rental...
Hyundai, GM plan to jointly develop five vehicles, including electric van
Published Thu, Aug 7, 2025 · 08:05 AM[SEOUL] Hyundai Motor and General Motors (GM) plan to jointly develop five vehicles that will hit the market in 2028, including an...
