Business
Fed’s Williams says tariff economic impact is only just starting
Federal Reserve Bank of New York President John Williams said Wednesday that monetary policy is in the right place to allow central…
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Business
Business
Fed’s New York president says tariff economic impact is only just starting
US Federal Reserve Bank of New York President John Williams said that monetary policy is in the right place to allow central bankers to…
Business
Hong Kong’s US$25 billion pile of soured debt spurs talks to form ‘bad bank’
The pile of non-performing loans (NPLs) at Hong Kong lenders has grown so large that some in the industry have discussed the creation of a…
Business
Stocks to watch: ST Engineering, Frasers Logistics & Commercial Trust, mm2 Asia, HRnetGroup
The following companies saw new developments that may affect trading of their securities on Thursday (Jul 17): ST Engineering: The group…
Business
Stocks to watch: ST Engineering, FLCT, mm2 Asia, HRnetGroup, Ossia
The following companies saw new developments that may affect trading of their securities on Thursday (Jul 17): ST Engineering: The group…
Business
Tesla readies a six-seat version of the Model Y for China
Tesla is preparing to launch a longer, six-seat version of its Model Y sport utility vehicle in China, where the carmaker has been losing…
Business
Couche-Tard abandons 6.8 trillion yen bid to acquire Seven & i
Canada’s Alimentation Couche-Tard has abandoned its 6.8 trillion yen (S$59 billion) bid to buy Seven & i Holdings, saying the Japanese…
Business
Goldman Sachs profits jump as CEO eyes more merger activity
Goldman Sachs reported a jump in second-quarter profits on Wednesday behind significant increases in financial advisory revenues that…
Business
Haagen-Dazs maker prices debt for 4.4 billion euros payout to owners
Froneri International, the maker of Haagen-Dazs ice cream, is wrapping up commitments for a debt deal to help fund one of the largest…
Business
US firms passing some cost hikes to consumers: Fed survey
Many US firms passed along “at least a portion of cost increases” to consumers in recent weeks, as businesses faced higher prices linked…
Business
United Airlines profits dip but says Newark has rebounded
United Airlines reported a drop in second-quarter profits on Wednesday on higher costs and predicted a rise in travel as geopolitical…
Business
Google to unveil new Pixel hardware on August 20 with AI in focus
The company’s market share in the US smartphone segment is tiny compared with Apple and Samsung Alphabet’s Google will debut new…
Business
Three-quarters of US teens use AI companions despite risks: study
Nearly three in four American teenagers have used AI companions, with more than half qualifying as regular users despite growing safety…
Business
Oil settles down; build in US fuel inventories offsets signs demand growing
Oil prices settled marginally lower on Wednesday as US fuel inventory builds and concerns about wider economic impact from US tariffs…
Business
Europe: Chip stocks drag shares lower after ASML’s warning
EUROPEAN shares fell on Wednesday, with chip stocks hit hard after ASML flagged a hit to its revenue growth, while reports of US President…
Business
JPMorgan is now worth more than three largest rivals combined
In recent years, Wells Fargo has been stuck under an asset cap, Citigroup has been undergoing a painful overhaul and BOA has been dragged…
Business
US stocks end higher, shrugging off Powell firing fears
Wall Street stocks finished higher on Wednesday, shrugging off a mid-session swoon after US President Donald Trump denied plans to fire…
Business
Coats Group to Buy OrthoLite for $770 Million
Coats Group plc wants to expand its positioning as a supplier in components. The British multinational company inked a deal to acquire…
Business
Rachel Kushner’s Advice to Writers
The novelist Rachel Kushner recently taught a class at Stanford that concerned, as the course catalogue advertised it, “the sacred art of…
Business
mm2 Asia seeks to delay S$54 million bond repayment by six years
Embattled entertainment group mm2 Asia has proposed to amend a S$54 million-bond deal that was set for redemption in December. In a…
Business
US: Wall St opens higher as inflation data, earnings take centre stage
Wall Street’s main indexes opened higher on Wednesday (Jul 16) as investors sifted through new inflation data and digested a fresh round…
Business
Christie’s Fine Jewelry, Luxury Goods Sales Spike in First Half of 2025
GOING FOR GOLD: Demand for fine jewelry is rising, regardless of whether those gems are selling in luxury stores, or at auction. On…
Business
HRnetGroup appoints 10 new business leader co-owners
HRnetGroup has appointed 10 new business leader co-owners, following the retirement and departure of certain leaders, to bring its total…
Business
FLCT to divest commercial building in Australia for A$192.1 million, exiting Melbourne CBD office market
Frasers Logistics & Commercial Trust (FLCT) will divest an office building in Melbourne’s Central Business District (CDB) for A$192.1…