Business
Singapore stocks rise as markets cheer US-China trade truce; STI up 0.2%
Across the broader market, losers outnumber gainers 313 to 292, after 1.8 billion securities worth S$1.8 billion change hands Local stocks…
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Business
Intel CEO Tan Lip-Bu pledges to ‘refocus’ chip giant on AI, foundry
Intel chief executive officer Tan Lip-Bu said he is working to “refocus” the beleaguered chip company on engineering after its struggles…
Business
China’s cheap air fares hurt profit recovery for state carriers
Stubbornly cheap international air fares for Chinese travellers are hurting attempts by the country’s biggest carriers to claw their way…
Business
Nomura profit beats estimates on stock trading, M&A advisory
Nomura Holdings’ profit beat analysts’ expectations last quarter, buoyed by equity trading and advising on mergers. Net income fell 6.4…
Business
Only 18% of investors rate SGX listcos’ disclosures as ‘very transparent’ despite quarterly engagements: study
Research by Stewardship Asia Centre also highlights a disconnect between investors and corporates on key priorities Transparency has…
Business
BYD’s mini-car ambitions may be a wake-up call for Japan
The company plans to debut its all-electric ‘kei’ car at the Japan Mobility Show BYD’s Japanese mini-car will not go on sale until the end…
Business
Singapore's Lighthouse Canton to invest over US$1.5b in India; eyes private credit, real estate
Singapore-based asset manager Lighthouse Canton plans to invest over US$1.5 billion in India in the next few years, with a focus on…
Business
Singapore's Lighthouse Canton to invest over US$1.5 billion in India; eyes private credit, real estate
Singapore-based asset manager Lighthouse Canton plans to invest over US$1.5 billion in India in the next few years, with a focus on…
Business
Indonesia’s Chandra Asri in talks with lenders to fund US$1 billion deal to buy Singapore’s Esso stations
Chandra Asri Pacific, an Indonesian energy and chemicals firm, is in talks with competing consortiums of lenders for loans to back its…
Business
Novartis Q3 operating income up 6% on new drug sales
Third-quarter operating income, adjusted for special items, rose to US$5.46 billion Swiss drugmaker Novartis, on a deal-making spree this…
Business
SGX ETF market hits record S$16.3 billion AUM in Q3 on strong gold, Reit demand
It records net inflows of S$736 million in the quarter, bringing the total to S$1.4 billion in the year to date The exchange-traded fund…
Business
HSBC is bullish on 2025 despite hit from Madoff provision
HSBC Holdings raised its profitability outlook for 2025 even as earnings slid following an unexpected US$1.1 billion provision tied to…
Business
Citigroup to tie up with Coinbase to boost digital payments for institutional clients
Citigroup and cryptocurrency exchange Coinbase plan to collaborate on digital asset payment solutions for the US bank’s institutional…
Business
Sunseap founder’s firm teams up with Chinese nuclear giant on Indonesian solar import project
Frank Phuan’s Equator Renewables Asia is set to import clean power from the Riau Islands into Singapore Equator Renewables Asia – a new…
Business
Roger Vivier Is Coming Up Roses for Holiday
FLOWER POWER: Roger Vivier is making good use of its new Paris headquarters, located in a lavish 18th-century mansion in…
Business
Banks not told of power plant initially to prevent information leak, court told
Hyflux had initially withheld from bank lenders certain information about the Tuaspring project including a power plant to protect its…
Business
Banks initially not told of power plant to prevent information leak, court told
Hyflux had initially withheld from bank lenders certain information about the Tuaspring project including a power plant to protect its…
Business
Banks initially not told of Tuaspring power plant to prevent information leak, court told
It was kept from lenders to protect company’s strategy from rivals, Olivia Lum’s counsel says Hyflux had initially withheld from bank…
Business
iX Biopharma proposes placement to raise gross proceeds of at least $5 million as it eyes US expansion
The placement price represents a discount of 9.7% to the volume weighted average price (VWAP) of S$0.1107 per share Mainboard-listed iX…
Business
iX Biopharma proposes placement to raise gross proceeds of at least S$5 million as it eyes US expansion
The placement price represents a discount of 9.7% to the volume weighted average price (VWAP) of S$0.1107 per share Mainboard-listed iX…
Business
Bill Gates says China is outspending the world on nuclear power
The Asian nation has a commanding lead in developing and manufacturing a wide range of green solutions In the race to develop the next…
Business
Indonesian bonds are top pick for Schroders on Purbaya, BI bets
Schroder Investment Management favours Indonesian bonds and the rupiah as its top picks in Asia, betting that government efforts to boost…
Business
Asia: Markets cool as Trump begins Japan visit
The buoyant mood has been defying tumultuous trade tensions between Beijing and Washington Asian markets opened slightly cooler on Tuesday…
Business
Green data centres: Singapore companies call for new inter-agency body, innovative financing
Other suggestions include setting up a central agency to procure green energy, similar to Singapore GasCo A new inter-agency body, a…