Business
Meta’s US$29 billion deal marks pivotal moment for private credit
The heavy hitters of private credit have been waiting for this moment for years. Major lenders, which often cater to companies with dented…
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Business
Business
Our Age of Zombie Culture
It’s not alive, but it’s not dead, either. It consumes a vast amount of resources. It’s mindless: what presents as its will is really a…
Business
Chinese tech financier released after probe: former colleague
Chinese tech financier Bao Fan has been released by Chinese authorities after vanishing from public view over two years ago while…
Business
US licenses Nvidia to export chips to China, official says
The commerce department has started issuing licences to Nvidia to export its H20 chips to China, a US official told Reuters on Friday (Aug…
Business
Europe: Shares post biggest weekly gain in 12 powered by financials
European shares posted their biggest weekly gain in 12 weeks on Friday (Aug 8), as banking stocks continued to drive the benchmark index…
Business
US: Nasdaq posts record closing high with tech gains, rate cut optimism
US stocks ended higher and the Nasdaq notched a record closing high for the second straight day on Friday (Aug 8) as technology-related…
Business
Skechers Beat Expectations in Q2 as Shoe Firm Continues on Path to Go Private
Skechers quietly released its second quarter earnings after the market closed on Friday as the company continues its work to go private.…
Business
Tariff Impacts at Under Armour and Allbirds Rattle Shoe Investors
Some shoe investors are heading for the hills over worries connected to lowered earnings guidance from Under Armour, Allbirds and Crocs…
Business
Talking the Talk, Fashion CEOs on the Future
Fashion’s bigwigs are not necessarily all-out control freaks. Some are, of course. But not every chief executive officer needs to have a…
Business
Sri Trang Agro-Industry swings to net loss of 786.8 million baht in Q2
Sri Trang Agro-Industry swung to a net loss of 786.8 million baht (S$31.3 million) for the second quarter ended June, from earnings of…
Business
CEO pulled Boeing out of nosedive, but new challenges approach
One year after taking the helm during Boeing’s deepest crisis in decades, CEO Kelly Ortberg has stopped the company’s freefall. Now, he…
Business
Sri Trang Gloves Q2 earnings drop by 79.6% to 77.1 million baht
Sri Trang Gloves posted a net profit drop of 79.6 per cent year on year to 77.1 million baht (S$3.1 million) for the quarter ended June,…
Business
US: Wall Street opens higher as Fed shake-up stokes dovish bets
Street’s main indexes opened higher on Friday (Aug 8) as US President Donald Trump’s temporary pick for a Federal Reserve governor post…
Business
OpenAI Launches GPT-5: Everything You Need to Know About Its Smarter AI, New Features, Google Integration
After weeks of leaks and rumors, OpenAI has officially launched its much-awaited model, GPT-5. The new model brings all of OpenAI's…
Business
Who is Blake Owens? Tech CEO Receives Pig's Head in Mail to in Chilling Warning Over Real Estate Tech
Blake Owens, a Las Vegas tech entrepreneur, was left in shock on July 29 as he received a creepy delivery after introducing AI tech for…
Business
US dollar softness to relieve pressure on Asia’s foreign exchange defenders
The worst may be over for Asia’s central banks that have ramped up efforts defending local currencies after a resurgent US dollar and…
Business
QAF H1 net profit drops by 69% to S$3.9 million
QAF posted a drop of 69 per cent in its net profit to S$3.9 million for the half-year of FY2025 ended June, impacted by a marginal dip in…
Business
Apac Realty’s H1 net profit more than doubles to S$11.3 million on higher home sales
Real estate services player Apac Realty’s net profit more than doubled to S$11.3 million for its first half ended Jun 30, 2025. This was…
Business
IPO for Centurion’s new Reit at ‘very advanced’ stage, launch likely in September
If all goes well, Centurion Corp may launch the initial public offering (IPO) of its new real estate investment trust (Reit) as soon as…
Business
Singapore stocks end Friday in the red amid mixed Asia markets; STI down 0.4%
Local stocks ended its rally to close lower on Friday (Aug 8), following a mixed performance across Asian markets as investors navigated a…
Business
UOB-Kay Hian posts 12.9% lower net profit for H1
Earnings per share for the half-year fell to S$0.106, from S$0.1264 in the year-ago period UOB-KAY Hian posted a 12.9 per cent…
Business
Hong Leong Finance H1 net profit down 38.7% to S$32.2 million on compressed net interest margins
Hong Leong Finance posted a 38.7 per cent year-on-year fall in net profit to S$32.2 million for the six months ended Jun 30, 2025. This…
Business
China July car sales growth slows on weak hybrid demand, price war curbs
China’s car sales growth slowed in July partly due to weaker demand for hybrids, as regulators in the world’s biggest auto market crack…
Business
China tells brokers to stop touting stablecoins to cool frenzy: sources
China told local brokers and other bodies to stop publishing research or hold seminars to promote stablecoins, seeking to rein in the…