Business
What’s next for Ong Beng Seng’s HPL?
While Hotel Properties Ltd (HPL) maintains a “business as usual” stance after founder Ong Beng Seng’s exit from management and his…
Section
Business
Business
Stocks to watch: CICT, CapitaLand Ascendas Reit, Lendlease Global Commercial Reit, Frasers Hospitality Trust, Sunpower
The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 5): CapitaLand Integrated…
Business
CFTC to allow listed spot crypto trading on registered exchanges
The digital assets industry has seen progress under US President Donald Trump’s administration, as bills such as the Genius Act and…
Business
CapitaLand Integrated Commercial Trust posts 3.5% rise in H1 DPU to S$0.0562
CapitaLand Integrated Commercial Trust’s (CICT) distribution per unit (DPU) rose by 3.5 per cent to S$0.0562 for its first half ended Jun…
Business
Hong Kong’s new listing rules seen as helping hot market to stay hot
Hong Kong’s changes to its listing rules are likely to pave the way for one of the world’s hottest markets for initial public offerings…
Business
Figma sheds US$11 billion in market value days after blockbuster IPO
FieldCEO Dylan Field owns about 54.2 million the company shares worth about US$5 billion after selling 2.35 million shares in the IPO…
Business
Australia activates Blackrock’s A$1 billion super battery which will be world’s most powerful
The country leads globally in rooftop solar per capita, which floods the grid with cheap daytime power but also creates challenges for…
Business
Intel’s credit rating downgraded by Fitch on demand challenges
H downgrading US chipmaker Intel’s credit rating by one notch on Monday, according to a note by the ratings agency, which assigned a…
Business
Michael Saylor’s Strategy makes its third-largest bitcoin purchase ever
Michael Saylor’s Bitcoin juggernaut is at it again, buying near the highs with the kind of capital-markets firepower no other crypto firm…
Business
Amazon to cut Wondery staff, reorganise audio business
Amazon.com is breaking up the operations of its Wondery podcast network as part of a broad reorganisation of the business. About 110…
Business
European shares rebound after Friday’s selloff, Swiss stocks fall
EUROPEAN shares closed higher on Monday, rebounding from six-week lows as a surge in banking stocks offset a decline in Swiss shares…
Business
Europe: Shares rebound after Friday’s selloff, Swiss stocks fall
EUROPEAN shares closed higher on Monday, rebounding from six-week lows as a surge in banking stocks offset a decline in Swiss shares…
Business
Palantir reports revenue up 48%, cites ‘astonishing’ AI impact
Palantir Technologies reported a 48 per cent increase in revenue for the second quarter to more than US$1 billion, citing the “astonishing…
Business
US: Stocks rebound as markets shrug off economic worries
Wall Street stocks rallied on Monday as investors jumped on a market pullback, shrugging off economic worries and focusing on the rising…
Business
Amazon cuts 110 jobs in reorganization of Wondery audio division
Amazon on Monday said it is cutting 110 roles from its audio division Wondery as part of a restructuring effort. The cuts reflect an…
Business
RevPAR is mixed across Frasers Hospitality Trust’s markets in Q3
Frasers Hospitality Trust saw its revenue per available room (RevPAR) drop in three of the five key markets in which it operates for the…
Business
Lendlease Global Commercial Reit posts 1.8% higher DPU of S$0.018 for H2 FY2025
Lendlease Global Commercial Real Estate Investment Trust (Reit) posted a marginal improvement of 1.8 per cent in its distribution per unit…
Business
Spotify to raise premium subscription price in select markets from September
Spotify Technology shares gained in premarket trading after the company announced it is raising premium subscription prices across many…
Business
US: Wall Street opens higher following Friday's dramatic selloff
Street’s main indexes opened higher on Monday (Aug 4) after a sharp pullback in the previous session, as markets priced in prospects of…
Business
Lendlease Global Commercial Reit to divest office component of Jem to Keppel for S$462 million
Lendlease Global Commercial Reitwill be divesting the office component of the Juong commercial-retail development Jem to Keppel for S$462…
Business
Emerging market funds adjust bets as ‘sell the dollar’ trade loses appeal
THE US dollar’s bounceback in July is convincing some emerging market investors to bet that it will keep rising in coming months. T Rowe…
Business
German economy minister: Europe must catch up in global chip race
Katherina Reiche, German Minister for Economic Affairs and Energy, speaks at a press conference at the Infineon chip factory. The occasion…
Business
Tesla approves 96 million share award to CEO Elon Musk
Tesla disclosed in a filing on Monday (Aug 4) it has awarded CEO Elon Musk 96 million shares of the company, worth about US$29 billion.…
Business
Tesla approves share award worth US$29 billion to CEO Elon Musk
Tesla has granted CEO Elon Musk shares worth about US$29 billion, in a new pay deal aimed at keeping the billionaire entrepreneur at the…