Business
Oil settles higher as Iran-Israel conflict enters sixth day
Oil prices settled higher on Wednesday in a volatile session as investors weighed the chance of supply disruptions from the Iran-Israel…
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Business
Business
Europe: Shares fall as Middle East tensions weigh; eyes on Fed decision
EUROPEAN shares declined on Wednesday as investors awaited the Federal Reserve’s monetary policy decision, with ongoing tensions in the…
Business
US Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees ‘meaningful’ inflation ahead
The US central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025,…
Business
Microsoft planning thousands more job cuts aimed at salespeople
Microsoft is planning to cut thousands of jobs, particularly in sales, as part of the company’s latest move to trim its workforce amid…
Business
US: Stocks flat after Fed decision as markets eye Iran
Wall Street stocks ended little changed on Wednesday after the Federal Reserve kept interest rates steady, while markets followed ongoing…
Business
Why California Remains the Epicenter for Gen Z Led Creator Startups
California has always attracted dreamers who are ready to go the extra mile, but Gen Z is reshaping that story. Armed with smartphones,…
Business
Sats prices US$100 million in fixed-rate notes at 4.648%
In-flight caterer and ground handler Sats on Wednesday (Jun 18) priced US$100 million in fixed-rate notes due Jun 23, 2030, at 4.648 per…
Business
Want to invest in nuclear energy? DBS cites opportunities in mining, utilities stocks
As global interest in nuclear energy surges, investors can gain exposure to the sector by betting on physical uranium or miners, utilities…
Business
Nippon Steel’s US$14.9 billion acquisition of US Steel closes, with big role for Trump
Nippon Steel’s US$14.9 billion acquisition of US Steel closed on Wednesday (Jun 18), the companies said, confirming an unusual degree of…
Business
DBS and Austrade ink deal to help Australian companies expand in South-east Asia
DBS and the Australian Trade and Investment Commission (Austrade) on Wednesday (Jun 18) inked an agreement to deepen investment links…
Business
US: Wall Street indexes open muted ahead of Fed's interest rate verdict
Wall Street’s main indexes opened subdued on Wednesday (Jun 18), ahead of the Federal Reserve’s monetary policy decision, as the…
Business
Malaysia to build 50% more gas-fired power capacity to meet data centre demand
Malaysia is expected to add 6-8 gigawatts of gas-fired power by 2030 to address growing electricity consumption driven by demand from data…
Business
Amid ongoing investigations into its supply chain unit, how did Fu Yu’s board end up with only one director?
A board dispute has left components manufacturer Fu Yu Corporation with no independent directors and only one executive director. Three…
Business
UBS, Pictet report data leak after cyberattack on provider, client data unaffected
Files containing details of tens of thousands of UBS employees were stolen, report says Swiss banks UBS and Pictet on Wednesday (Jun 18)…
Business
Far East Orchard secures £96 million for private fund to develop UK student accommodation
This supports the company’s pivot ‘towards an asset-light model and its objective of growing recurring fee-based income’ Far East Orchard…
Business
Grab’s US$1.5 billion convertible issue seen as prepping for competition and need for capital: Maybank
Grab’s recent move to upsize its five-year convertible note size to US$1.5 billion is timely given that the Asean digital sector – which…
Business
DBS aims to double Australian lending book in 5 years
DBS Group aims to double its Australian lending book in the next five years, its CEO Tan Su Shan said, as the Singapore-headquartered bank…
Business
UOB becomes direct participant in China’s cross-border clearing and settlement system
UOB and its wholly owned subsidiary UOB China have become direct participants in China’s Cross-border Interbank Payment System (CIPS), the…
Business
Meta offered US$100 million bonuses to poach OpenAI employees: CEO Altman
Meta offered US$100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker’s talent and strengthen its own…
Business
Singapore shares dip ahead of Fed decision; STI down 0.3%
Stocks on the local bourse fell on Wednesday (Jun 18), tracking the mixed performance in other Asian markets, as investors awaited the US…
Business
European, North Asian companies also eyeing the potential of JS-SEZ: UOB banker
The Johor-Singapore special economic zone (JS-SEZ) is drawing interest from companies not just from Singapore, but also from Europe and…
Business
Indonesia antitrust agency gives 'conditional' go-ahead for TikTok's Tokopedia takeover
The agency will continue to monitor whether the requirements are being implemented until June 17, 2027 Indonesia’s antitrust agency has…
Business
CEO’s wealth hits US$33 billion as unprofitable Chinese medicine firm’s stock soars
A blistering rally in a tiny, money-losing traditional Chinese medicine company’s stock has vaulted its founder’s net worth to among the…
Business
Defence, oil and other names: Analysts look at ways to invest amid Israel-Iran conflict
Recent attacks between Israel and Iran have caused investors to mull over where to place their bets next, especially with defence names…