Aspen sinks into RM13.8 million net loss for first half
MALAYSIAN developer Aspen (group) Holdings reported a RM13.8 million (S$4.5 million) net loss for th...
PUBLISHED Aug 09, 06:12 PM
Business closures, layoffs to rise, but Singapore will get through crisis: PM Lee
Business closures, retrenchments and unemployment are all likely to rise in the coming months, said...
PUBLISHED Aug 09, 10:12 AM
India bans import of 3.5t rupees defence items in buy-local push
[MUMBAI] India will stop importing more than 100 items used by its armed forces in a bid to boost lo...
PUBLISHED Aug 09, 02:49 PM
175 new Covid-19 cases in Singapore, including 1 in the community
[SINGAPORE] There were 175 new coronavirus cases confirmed as of Sunday noon taking Singapore's tota...
PUBLISHED Aug 09, 03:58 PM
Chinese firms dominate bid to build Congo dam
[JOHANNESBURG] Chinese and Spanish developers that want to build Africa's biggest hydropower plant i...
PUBLISHED Aug 09, 03:26 PM
AIA inks exclusive regional partnership with healthtech startup Holmusk
INSURER AIA has inked an exclusive regional partnership with healthtech startup Holmusk to provide d...
PUBLISHED Aug 09, 06:47 PM
OCBC takes knife to offshore support sector exposure; Q2 profit down 40%
OCBC's Q2 net profit fell by a larger-than-expected 40 per cent after it took S$350 million in provi...
Kodak's US$765m government loan on hold pending probe
[NEW YORK] The federal agency that announced a US$765 million loan to Eastman Kodak less than two we...
PUBLISHED Aug 09, 01:06 PM
Twitter expressed interest in buying TikTok's US operations: sources
[NEW YORK] Twitter has approached TikTok's Chinese owner ByteDance to express interest in acquiring...
PUBLISHED Aug 09, 12:42 PM
Gold falls after positive jobs data, London fix sparks selloff
[NEW YORK] Gold fell from a record as better-than-expected US jobs data signalled the economic rebou...
PUBLISHED Aug 08, 06:48 AM
iFast cites Bloomberg report after SGX query about its 13% share surge
SHARES of mainboard-listed iFast Corporation rose 13 per cent on Friday, prompting queries from the...
PUBLISHED Aug 08, 05:50 AM
Stocks to watch: OCBC, DBS, UOB, CapitaLand, Genting, Wilmar
THE following companies saw new developments that may affect trading of their shares on Friday:
PUBLISHED Aug 07, 08:48 AM
With reliefs yet to unwind, Singapore banks sit uneasy about final impact of Covid-19
SINGAPORE banks charted a sharp dive in earnings as benchmark rates collapsed in the second quarter...
PUBLISHED Aug 08, 05:50 AM
Fashion giant H&M suspends employees over use of racial slur
[STOCKHOLM] Fashion giant H&M said on Thursday it has suspended a number of employees over the u...
PUBLISHED Aug 07, 04:09 PM
Accordia Golf ups offer price by 3.4b yen; Hibiki to vote in favour of sale
ACCORDIA Golf, the sponsor of mainboard-listed Accordia Golf Trust (AGT), is now willing to fork out...
PUBLISHED Aug 08, 03:18 PM
CapitaLand under continued business pressure, but looking for growth openings
WHILE CapitaLand expects continued pressure on its business in H2 2020 amid the ongoing pandemic, it...
PUBLISHED Aug 08, 05:50 AM
Beijing's top Hong Kong office says US sanctions are 'clowning actions' and 'ridiculous'
[HONG KONG] Beijing's top representative office in Hong Kong said on Saturday that sanctions imposed...
PUBLISHED Aug 08, 02:18 PM
Despite agreement, China purchase of US agriculture lags
[NEW YORK] Seven months after the United States and China signed a preliminary agreement to temper t...
PUBLISHED Aug 09, 03:11 PM
More Chinese tech might park operations in Singapore if US data security tensions escalate
SINGAPORE may be an intuitive alternative for Chinese companies to park their ex-China operations as...
PUBLISHED Aug 08, 05:50 AM
Saudi Aramco's Q2 net profit plunges 73.4% on lower oil prices
[DUBAI] Saudi state oil group Aramco on Sunday reported a 73.4 per cent fall in second-quarter...
PUBLISHED Aug 09, 03:28 PM
OCBC swallows bitter pill on offshore sector
OCBC took a knife to its offshore support vessels exposure, providing in full against bad loans for...
PUBLISHED Aug 08, 05:50 AM
Food ordering startup Eatsy shutters operations
EATSY, a Singapore-based restaurant ordering and payment startup, has fully ceased operations.
PUBLISHED Aug 08, 05:50 AM
Hot stock: Genting Singapore falls 4.9% after posting S$163.3m Q2 loss
SHARES of Genting Singapore tumbled 4.9 per cent on Friday, after the resort operator on Thursday po...
Hot stock: SGX queries iFast after shares rise 12%
THE Singapore Exchange (SGX) on Friday morning queried mainboard-listed wealth management and broker...
Wirecard suspected of lending to partner firms before collapse
[ASCHHEIM] German prosecutors suspect Wirecard AG extended large loans to partner companies before i...
PUBLISHED Aug 08, 06:36 AM
Australia's Victoria reports deadliest day of Covid-19 pandemic
[SYDNEY] Australia's second-most populous state, Victoria, reported its deadliest day of the Covid-1...
PUBLISHED Aug 09, 12:54 PM
First Singaporean man charged over Wirecard scandal
IN THE first case before the Singapore courts associated with scandal-hit German payments company Wi...
PUBLISHED Aug 07, 08:28 AM
Singapore lawyers urged not to enter into business deals with clients
[SINGAPORE] The Court of Three Judges, the highest disciplinary body in the legal profession, on Fri...
PUBLISHED Aug 08, 07:41 AM
Lessons from a crisis for Singapore
SINGAPORE recorded its first Covid-19 infection on Jan 23. More than six months on, the virus shows...
PUBLISHED Aug 08, 05:50 AM
QAF multiplies H1 earnings 13 times to S$28.2 million
WITH a pandemic-fuelled bread boom, QAF, the maker of Gardenia bread, has multiplied its net profit...
PUBLISHED Aug 07, 07:30 PM
CapitaLand H1 profit plunges 89% to S$96.6m on Covid-19 restrictions, tenant support
CAPITALAND posted an 89 per cent drop in net profit to S$96.6 million for the six months ended June...
PUBLISHED Aug 07, 08:31 AM
Man Utd, Inter favourites for Europa League in unique German finale
[PARIS] Manchester United, Inter Milan and Sevilla headline a quintet of former champions travelling...
PUBLISHED Aug 09, 02:56 PM
Malaysian ex-finance minister charged in graft case
[KUALA LUMPUR] Malaysia's ex-finance minister, now a key opposition figure, was charged with corrupt...
PUBLISHED Aug 07, 01:35 PM
Thriving on optimism
AS a graduate fresh off a Colombo Plan scholarship, finance industry veteran Seck Wai-Kwong, then in...
PUBLISHED Aug 08, 05:50 AM
Chinese electric-vehicle maker XPeng files for US IPO
[GUANGZHOU] Chinese electric-car startup Xpeng Motors has filed for a US initial public offering (IP...
PUBLISHED Aug 08, 03:00 PM
Japan unsuccessful in lifting auto tariffs early in UK trade deal
[TOKYO] Japan and Britain agreed to lift auto tariffs for a post-Brexit trade agreement in 2026 desp...
PUBLISHED Aug 09, 01:36 PM
Venture’s H1 net profit down 28.2%; interim dividend raised
MAINBOARD-LISTED Venture Corp posted a 28.2 per cent fall in net profit to S$130.5 million for the s...
PUBLISHED Aug 07, 06:25 PM
Philippines needs 1.56t pesos recovery stimulus, lawmaker says
[MANILA] The Philippines needs 1.56 trillion pesos (S$43.64 billion) to help it recover from a recor...
PUBLISHED Aug 09, 03:04 PM
StarHub cuts H1 dividend to 2.5 S cents, service revenue slumps 15% in Q2
STARHUB'S net profit fell 5.6 per cent to S$37.3 million for the second quarter ended June 30, 2020,...
China's once-booming mask makers struggle after price drop
[BEIJING] Tens of thousands of mask-making companies mushroomed across China at the start of the cor...
PUBLISHED Aug 08, 01:57 PM
France's Macron to host donor conference for blast-stricken Lebanon
[PARIS] French President Emmanuel Macron will host US President Donald Trump and other political lea...
PUBLISHED Aug 09, 03:48 PM
First person in Singapore charged over Wirecard scandal
IN THE first case before the Singapore courts associated with scandal-hit German payments company Wi...
PUBLISHED Aug 08, 05:50 AM
MUFG Bank and Israeli fintech to launch startup financing joint venture in Singapore
JAPAN’S MUFG Bank is set to launch a joint venture (JV) with an Israeli fintech in Singapore this ye...
PUBLISHED Aug 07, 05:01 PM
Venture raises interim dividend despite 28.2% fall in H1 profit
MAINBOARD-LISTED Venture Corp posted a 28.2 per cent fall in net profit to S$130.5 million for the s...
PUBLISHED Aug 08, 05:50 AM
Barclays being probed by UK privacy watchdog on accusations of spying on staff
[BENGALURU] Barclays is being probed by the United Kingdom's privacy watchdog, the Information Commi...
PUBLISHED Aug 09, 02:35 PM
Oil spill threatens ecological disaster as Mauritius declares emergency
[PORT LOUIS] Fuel spilling from a Japanese bulk carrier that ran aground on a reef in Mauritius two...
PUBLISHED Aug 09, 01:23 PM
MAS nudges finance firms to cap dividends, as it did for Singapore banks
THE Monetary Authority of Singapore (MAS) on Friday urged finance companies incorporated in Singapor...
PUBLISHED Aug 07, 05:57 PM
Food ordering startup Eatsy shutters operations
EATSY, a Singapore-based restaurant ordering and payment startup, has fully ceased operations.
PUBLISHED Aug 07, 01:27 PM
Tencent-backed Chinese realty company KE Holdings eyes US$2b US IPO
[BENGALURU] KE Holdings, a China-based real estate services provider backed by Tencent, said on Frid...
PUBLISHED Aug 08, 07:00 AM
US: Slowing job growth, stimulus worries weigh on Nasdaq
[NEW YORK] The Nasdaq closed lower on Friday, as data showed a sharp slowdown in US employment growt...
PUBLISHED Aug 08, 05:53 AM
IReit to take full ownership of Spanish portfolio from Tikehau Capital, DPS at 2.85 cents for H1
IREIT Global on Friday announced its proposed acquisition of the balance 60 per cent interest of a S...
PUBLISHED Aug 08, 05:58 AM
Far East Orchard sinks into S$853,000 net loss for first half
HOTEL operator and property developer Far East Orchard has fallen into the red with a S$853,000 net...
QAF's H1 profit jumps 13 times to S$28.2 million
THE dough has risen for QAF, the maker of Gardenia bread, as its net profit multiplied 13 times on-y...
PUBLISHED Aug 08, 05:50 AM
Air India jet with more than 180 passengers skids and cracks in half
[NEW DELHI] An Indian jetliner trying to land during a torrential downpour in southern India on Frid...
PUBLISHED Aug 08, 07:57 AM
Asian markets spooked by US-China tech row
ASIA markets fell on Friday following a knee-jerk reaction towards President Donald Trump's executiv...
PUBLISHED Aug 08, 05:50 AM
Can China beat US in the financial cold war?
CHIPS, Chats, and Swift. They refer to the machinery of international finance that gives America ext...
PUBLISHED Aug 08, 05:50 AM
Tencent loses US$30b as WeChat ban rocks China stocks, yuan
[SHANGHAI] The Trump administration's move to ban US residents from doing business with Tencent Hold...
PUBLISHED Aug 07, 02:17 PM
Japan kept Singapore-based activist investor in limbo over key Toshiba vote: sources
[TOKYO] Activist fund Effissimo Capital Management, the biggest investor in Toshiba, was kept in lim...
PUBLISHED Aug 08, 01:35 PM
Is TikTok a good buy? It depends on what's included
TIKTOK is going to get acquired - or die trying.
PUBLISHED Aug 08, 05:50 AM
Singapore Business Federation urges companies to consider retrenchment only as a last resort
THE Singapore Business Federation (SBF) has urged employers to protect the Singaporean core and reta...
PUBLISHED Aug 07, 04:53 PM
Hong Kong markets watchdog says it does not think sanctions will affect financial firms
[HONG KONG] Hong Kong's markets watchdog is not aware of any aspect of US sanctions imposed on Hong...
PUBLISHED Aug 08, 03:00 PM
Debt collectors' profits soar with people flush and easy to find
[NORFOLK] Bolstered cash collections helped profits more than triple at two of the largest publicly...
PUBLISHED Aug 08, 02:25 PM
Wall Street has a plan to remove racist fans from Italian football
[MILAN] Ivan Gazidis was just months into his role as chief executive officer of AC Milan when he sa...
PUBLISHED Aug 08, 03:15 PM
Asia: Shares fall after Trump takes aim at China tech firms
[TOKYO] Asian shares tumbled on Friday after US President Donald Trump ratcheted up already-heighten...
PUBLISHED Aug 07, 01:08 PM
Quarz, Black Crane to vote against Sabana-ESR merger
FUND managers Quarz Capital Management and Black Crane Capital said in an open letter on Friday that...
PUBLISHED Aug 07, 08:30 AM
Genting Singapore falls after posting losses, cutting dividend
SHARES of Genting Singapore tumbled 4.9 per cent on Friday, after the resort operator on Thursday po...
PUBLISHED Aug 08, 05:50 AM
Patience and conviction will pay off eventually
IT HAS been painfully frustrating investing in value stocks in Malaysia (in fact in value stocks in...
PUBLISHED Aug 08, 05:50 AM
Paris imposes face mask order for outdoor markets, River Seine strollers
[PARIS] Parisians and holidaymakers strolling along the banks of the River Seine or browsing open-ai...
PUBLISHED Aug 09, 02:40 PM
Prime US Reit posts H1 DPU of 3.52 US cents, 5.1% above forecast
PRIME US Reit's distribution per unit (DPU) stood at 3.52 US cents for its first half ended June 30,...
PUBLISHED Aug 07, 08:26 AM
AIMS Apac Reit proposes issue of S$125m in perpetual securities at 5.65%
THE trustee of AIMS Apac Reit has priced S$125 million of perpetual securities at 5.65 per cent, as...
PUBLISHED Aug 07, 10:30 AM
Mark Zuckerberg's fortune surpasses US$100b
[NEW YORK] Mark Zuckerberg's net worth passed US$100 billion for the first time on Thursday after Fa...
PUBLISHED Aug 07, 11:25 AM
Court dismisses HC Surgical shareholder's application to sue CEO
MINORITY shareholder Serene Tiong will not be able to sue HC Surgical Specialists’ (HCSS) chief exec...
PUBLISHED Aug 07, 10:49 AM
China's hottest tech stocks are about to move twice as much
[NEW YORK] Get ready for 20 per cent moves in some of China's most volatile and sought-after equitie...
PUBLISHED Aug 07, 02:13 PM
Death toll from Indian passenger aircraft accident rises to 18
[KOZHIKODE] The death toll from an Indian passenger aircraft accident has risen to 18, while 16 peop...
PUBLISHED Aug 09, 02:08 PM
Hong Leong Finance posts 30.5% fall in H1 earnings, cuts interim dividend
HONG Leong Finance, the financial services arm of Hong Leong Group, had a 30.5 per cent fall in net...
PUBLISHED Aug 07, 09:16 PM
Blackstone, Brookfield among firms eyeing Indian malls: report
[MUMBAI] Blackstone Group and Brookfield Asset Management are among private equity firms looking to...
PUBLISHED Aug 08, 02:51 PM
Busted retailers use bankruptcy to break leases by the thousands
WITH the pandemic intensifying the plight of US retailers, companies from J Crew to the owner of Ann...
PUBLISHED Aug 08, 05:50 AM
KS Energy defends suitability of Kris Wiluan to remain CEO, chairman
OFFSHORE and marine firm KS Energy is standing by the suitability of Indonesian tycoon Kris Wiluan t...
PUBLISHED Aug 07, 10:55 PM
Daily Debrief: What Happened Today
Stories you might have missed
PUBLISHED Aug 07, 06:30 PM
STI closes 0.53% lower on Friday as Trump takes fire at China tech
THE Straits Times Index (STI) fell 13.59 points or 0.53 per cent to 2,545.51 on Friday as US preside...
PUBLISHED Aug 07, 05:46 PM
Federal Reserve unveils alternative to Facebook's Libra
[WASHINGTON] Noting security concerns posed by Facebook's digital currency Libra, the Federal Reserv...
PUBLISHED Aug 07, 06:51 AM
Soilbuild Construction, BBR, Hotel Properties and Koyo warn of H1 losses
FOUR more Singapore-listed companies warned of net losses for their results for the six months ended...
PUBLISHED Aug 07, 11:19 AM
Gold smashes record high as safety rush intensifies
[BENGALURU] Gold smashed a record high on Friday as a safety rush fuelled by the worsening coronavir...
PUBLISHED Aug 07, 12:38 PM
With Brexit behind him, Boris Johnson tries to stop Scotland from leaving UK
[LONDON] Barely six months after Britain broke away from the European Union, Prime Minister Boris Jo...
PUBLISHED Aug 08, 11:55 AM
BlackRock pushing harder on social aspects in ESG thrust
BLACKROCK, the world's largest asset manager with US$7.4 trillion in assets under management as of e...
PUBLISHED Aug 08, 05:50 AM
The havoc wreaked by the pandemic across the world
IT has been six months since the first imported case of Covid-19 virus landed on our shores. The fir...
PUBLISHED Aug 08, 05:50 AM
EC World Reit’s Q2 DPU down 10.4% on income conservation
EC World Reit, commonly seen as a proxy to China’s e-commerce logistics growth, posted a distributio...
PUBLISHED Aug 07, 10:24 PM
Singapore stocks open lower on Friday; STI down 0.5%
SINGAPORE shares opened lower on Friday, as lender OCBC Bank posted a larger-than-expected fall in Q...
PUBLISHED Aug 07, 09:33 AM
Electric-vehicle startup Canoo said to be in talks for Hennessy SPAC deal
[TORRANCE] Hennessy Capital Acquisition Corp IV is in advanced talks to merge with Canoo, a company...
PUBLISHED Aug 08, 01:54 PM
Malaysia's Mahathir, 95, to set up new political party
[KUALA LUMPUR] Malaysia's Mahathir Mohamad, 95, said Friday he was setting up a new political party...
PUBLISHED Aug 07, 08:01 PM
Hong Kong: Stocks tumble as Tencent sinks
[HONG KONG] Hong Kong stocks finished sharply lower Friday, with market heavyweight Tencent battered...
PUBLISHED Aug 07, 04:20 PM
Steep discounts for Hong Kong's foreclosed homes may portend property price slump
SOME Hong Kong foreclosed homes have been recently sold at steep discounts, adding to signs that the...
PUBLISHED Aug 08, 05:50 AM
Singapore Business Federation urges firms to turn to retrenchment only as a last resort
THE Singapore Business Federation (SBF) has urged employers to protect the Singaporean core, retain...
PUBLISHED Aug 08, 05:50 AM
Trump issues orders for US ban on WeChat, TikTok in 45 days
[WASHINGTON] US President Donald Trump issued executive orders on Thursday banning any US transactio...
PUBLISHED Aug 07, 10:11 AM
Asian Pay TV Trust’s Q2 net profit down 32.5% on higher costs
MAINBOARD-LISTED Asian Pay TV Trust recorded a 32.5 per cent drop in net profit to S$4.74 million fo...
PUBLISHED Aug 07, 05:54 PM
Quarz, Black Crane to vote against Sabana-ESR merger
FUND managers Quarz Capital Management and Black Crane Capital said in an open letter on Friday that...
PUBLISHED Aug 08, 05:50 AM
Brave new world - the millennial effect
THE smartphone-wielding, athleisure-wearing and environmentally conscious generation known as the mi...
PUBLISHED Aug 08, 05:50 AM
Reits (August 8-9, 2020)
Highest-yielding real estate investment trusts
PUBLISHED Aug 08, 05:50 AM
Broker's take: KGI downgrades ARA H-Trust to 'neutral' on slower recovery
KGI Securities has downgraded ARA US Hospitality Trust (ARA H-Trust) to "neutral" with a lowered tar...
PUBLISHED Aug 07, 04:19 PM
Yeo Hiap Seng sinks into red for H1, cites Covid-19 impact
BEVERAGE maker Yeo Hiap Seng (YHS) posted a net loss of S$6.73 million for the six months ended June...
PUBLISHED Aug 07, 08:34 PM
China pharma tycoon's fortune fastest-surging among world's 500 richest
[HONG KONG] In the fight against the coronavirus, a vaccine trial is almost always a boost for pharm...
PUBLISHED Aug 07, 12:21 PM
Trump hammers China over coronavirus as US health secretary heads to Taiwan
[WASHINGTON] US President Donald Trump on Thursday intensified his attacks on China for its handling...
PUBLISHED Aug 07, 07:45 AM
ShopBack to officially launch in Vietnam on Aug 8
CASHBACK startup ShopBack will officially launch its website and mobile app in Vietnam on Aug 8, aft...
PUBLISHED Aug 07, 03:51 PM
New Zealand PM Jacinda Ardern, buoyed by Covid success, launches re-election bid
[WELLINGTON] New Zealand Prime Minister Jacinda Ardern launched her campaign for a second term by re...
PUBLISHED Aug 08, 02:15 PM
Creating an anti-fragile portfolio
I ONCE worked as an equity derivatives intern at Credit Suisse First Boston in London. As at other i...
PUBLISHED Aug 08, 05:50 AM
US sanctions Hong Kong's Carrie Lam over China crackdown
[WASHINGTON] The US is placing sanctions on 11 top Chinese officials and their allies in Hong Kong,...
PUBLISHED Aug 07, 10:48 PM
Brazilian billionaire Lemann leads initiative to build Covid-19 vaccine factory
[SAO PAULO] Brazilian billionaire Jorge Lemann's foundation and other business interests will fund t...
PUBLISHED Aug 08, 01:35 PM
US dollar climbs after jobs data but logs seventh straight weekly fall
[NEW YORK] The US dollar bounced on Friday after US job growth for July helped ease some investor wo...
PUBLISHED Aug 08, 08:51 AM
Canaccord Genuity hires advisers to explore sale
[TORONTO] Canaccord Genuity Group, Canada's largest non-bank brokerage, is exploring strategic optio...
PUBLISHED Aug 08, 02:46 PM
SICCI, ESG offer SMEs support to expand into Uttar Pradesh
SINGAPORE'S small and medium-sized enterprises (SMEs) looking to expand overseas should consider the...
PUBLISHED Aug 08, 05:50 AM
China warns US against 'dangerous moves' on Taiwan: Xinhua
[WASHINGTON] Chinese Defense Minister Wei Fenghe warned his US counterpart in a phone call Thursday...
PUBLISHED Aug 07, 06:54 AM
IReit expands presence in Spain with acquisition from Tikehau
IREIT Global on Friday proposed to buy the remaining 60 per cent interest in a Spanish office portfo...
PUBLISHED Aug 08, 05:50 AM
Iceland may introduce LGBTQ workers 'certificate' for businesses
[REYKJAVIK] The first country in the world to certify equal pay between the genders is floating the...
PUBLISHED Aug 08, 09:30 AM
Gold hits new record high, on track for ninth weekly rise
[BENGALURU] Gold scaled a new all-time peak on Friday and was set for its ninth straight weekly gain...
PUBLISHED Aug 07, 09:40 AM
Gold roars past US$2,000 in a perfect storm
GOLD contracts started the week on a positive note Monday morning on safe-haven buying, as the worse...
PUBLISHED Aug 08, 05:50 AM
Quebec pension fund suffers with too many malls, not enough tech
[QUEBEC] Caisse de Depot et Placement du Quebec posted a 2.3 per cent loss in the first half of 2020...
PUBLISHED Aug 08, 12:30 PM
A triumphant return for Jekyll & Hyde
THOUGH the pandemic continues to take a toll, there are still reasons to raise a glass. One of them...
PUBLISHED Aug 08, 05:50 AM
Nokia's new CEO outlines neutral stance in superpower tech wars
[ESPOO] Nokia Oyj chief executive officer (CEO) Pekka Lundmark said the Finnish networks maker plans...
PUBLISHED Aug 08, 01:10 PM
Sterling revives on hopes of a UK-EU trade and services deal
THE British pound has risen sharply since the beginning of July, mainly on hopes of a steeper reviva...
PUBLISHED Aug 08, 05:50 AM
Japan in deal to buy AstraZeneca's Covid-19 vaccine
[TOKYO] Japan will buy 120 million doses of AstraZeneca Plc's experimental Covid-19 vaccine from ear...
PUBLISHED Aug 07, 07:51 PM
StarHub angling for growth even as Q2 net profit falls 5.6%
STARHUB is on the prowl for merger and acquisition (M&A) opportunities, its management suggested...
PUBLISHED Aug 08, 05:50 AM
Telemedicine firm Hims Inc in talks to go public via Oaktree blank-cheque company: sources
[SAN FRANCISCO] Hims Inc, a telemedicine company that sells wellness and healthcare products, is in...
PUBLISHED Aug 08, 01:25 PM
242 new Covid-19 cases in Singapore, including 1 in the community and six imported
[SINGAPORE] There were 242 new coronavirus cases confirmed as of Friday noon (Aug 7), taking Singapo...
PUBLISHED Aug 07, 03:36 PM
Five key milestones in Singapore's sustainability journey as it turns 55
WITH climate change increasingly threatening our existence, sustainability has taken on a mainstream...
PUBLISHED Aug 08, 05:50 AM
US lifts advice to avoid all foreign travel due to pandemic
[WASHINGTON] The United States on Thursday lifted a warning to its citizens to avoid all foreign tra...
PUBLISHED Aug 07, 06:49 AM
STI closes 0.53% lower as Trump fires at China tech
THE Straits Times Index (STI) fell 13.59 points or 0.53 per cent to 2,545.51 on Friday as US preside...
PUBLISHED Aug 08, 05:50 AM
South Korean doctors strike over plan to boost medical student numbers
[SEOUL] Thousands of South Korean trainee doctors went on strike on Friday, protesting outside parli...
PUBLISHED Aug 07, 04:27 PM
HC Surgical shareholder fails in bid to sue chief executive
MINORITY shareholder Serene Tiong will not be able to sue HC Surgical Specialists' (HCSS) chief exec...
PUBLISHED Aug 08, 05:50 AM
At Talkspace, startup culture collides with mental health concerns
[NEW YORK] In 2016, Ricardo Lori was an avid user of Talkspace — an app that lets people text and ch...
PUBLISHED Aug 08, 12:50 PM
US job growth slows sharply in July
[WASHINGTON] US employment growth slowed considerably in July amid a resurgence in new Covid-19 infe...
PUBLISHED Aug 07, 08:49 PM
Aveva is in exclusive talks to buy SoftBank-backed OSIsoft
[CAMBRIDGE] Aveva Group is in advanced talks to acquire industrial software maker OSIsoft for about...
PUBLISHED Aug 08, 10:03 AM
Lost Seoul: South Korean middle-class dreams spoiled by soaring house prices
[SEOUL] Even with unemployment spiking as the coronavirus pandemic swept South Korea in February, Ba...
PUBLISHED Aug 07, 12:11 PM
UPS, FedEx flex price power on delivery surge, driving up shares
[NEW YORK] United Parcel Service (UPS) and FedEx shares jumped after the couriers said they are rais...
PUBLISHED Aug 08, 02:41 PM
Suez's US$3.5b waste unit draws interest from German retail tycoon
[PARIS] Suez SA's planned sale of a continental European waste management business is attracting ear...
PUBLISHED Aug 08, 10:36 AM
Prime US Reit posts H1 DPU of 3.52 US cents, up 5.1% from forecast
PRIME US Reit's distribution per unit (DPU) stood at 3.52 US cents for its first half ended June 30,...
PUBLISHED Aug 08, 05:50 AM
Trump demand for extra Biden debate rejected
[WASHINGTON] The US election debates commission on Thursday turned down the Trump campaign's push to...
PUBLISHED Aug 07, 06:48 AM
Two Black staff members quit Bon Appétit magazine as tensions over race continue
[NEW YORK] The tensions over race at Condé Nast's food magazine continue.
PUBLISHED Aug 08, 12:58 PM
US wholesale inventories decline further in June
[WASHINGTON] US wholesale inventories fell less than initially estimated in June, likely reflecting...
PUBLISHED Aug 07, 11:10 PM
Facebook employees to work from home until July 2021
[BENGALURU] Facebook Inc will allow employees to work from home until July 2021 due to the coronavir...
PUBLISHED Aug 07, 03:35 PM
Thai craft beer brewers tap out on International Beer Day
[BANGKOK] Thai beermaker Toon's hoppy Sandport brew will be out of stock on Friday's International B...
PUBLISHED Aug 07, 01:25 PM
Facebook Gaming finally clears hurdle, arriving in App Store
[NEW YORK] For six months, Facebook tried to get Apple to approve its new Facebook Gaming app so it...
PUBLISHED Aug 07, 10:20 PM
Hilton sees demand rebounding to pre-Covid levels by 2022
[BENGALURU] Hilton Worldwide Holdings Inc said on Thursday it expects its room occupancy rates to im...
PUBLISHED Aug 07, 12:35 PM
Pfizer to make Gilead's Covid-19 treatment remdesivir
[BENGALURU] Pfizer said on Friday it signed a multi-year agreement to make Gilead Sciences' antivira...
PUBLISHED Aug 07, 10:08 PM
Raytheon lobbies Japan to replace Lockheed’s US$300m radar deal
[TOKYO] US defence company Raytheon is lobbying Japanese lawmakers to replace Lockheed Martin Corp a...
PUBLISHED Aug 07, 11:06 PM
Corporate digest
THE Monetary Authority of Singapore (MAS) on Friday urged finance companies incorporated in Singapor...
PUBLISHED Aug 08, 05:50 AM
Venezuela's PDVSA changes oil deals to include shipping as sanctions bite: documents
[MEXICO CITY] Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring i...
PUBLISHED Aug 08, 08:56 AM
Indonesia imposes 10% VAT on Facebook, Disney, TikTok
[JAKARTA] Indonesia has added more technology companies that will be obligated to apply 10 per cent...
PUBLISHED Aug 07, 03:28 PM
Two Thai protest leaders arrested as discontent rises
[BANGKOK] Thai police on Friday detained two activists in the first arrests against an increasingly...
PUBLISHED Aug 07, 09:44 PM
Hong Kong to offer free virus testing to whole city, says local media outlet
[HONG KONG] Hong Kong will offer free virus tests to all residents, reported local media outlet HK01...
PUBLISHED Aug 07, 02:40 PM
US job growth slows sharply in July amid a virus resurgence
US EMPLOYMENT growth slowed considerably in July amid a resurgence in new Covid-19 infections, offer...
PUBLISHED Aug 08, 05:50 AM
One stranded tanker signals peril of trading with Venezuela
[CARACAS] In May, a fleet of ships set sail for fuel-starved Venezuela with Iranian gasoline, stunni...
PUBLISHED Aug 07, 03:49 PM
On-demand classes worth your while
SINGAPORE'S gyms and fitness studios have reopened, but going for in-person workout classes is no lo...
PUBLISHED Aug 08, 05:50 AM
Oil slips below US$45 per barrel on demand concerns but posts weekly rise
[NEW YORK] Oil prices fell nearly 2 per cent on Friday, limiting their weekly gain due to concerns t...
PUBLISHED Aug 08, 05:39 AM
Brazilian food processor offers 5,200 new jobs in modernisation push, pandemic response
[SAO PAULO] Food processor JBS SA is hiring 5,200 additional workers in Brazil, seeking to boost out...
PUBLISHED Aug 08, 10:55 AM
Formula One's betting push is driven by data
[SILVERSTONE] Betting on Formula One, despite the sport having more data at its disposal than it kne...
PUBLISHED Aug 08, 02:37 PM
Europe: Stocks end week with gains on telecoms, tech boost
[BENGALURU] European shares closed higher on Friday, marking weekly gains as investors focused on a...
PUBLISHED Aug 08, 05:49 AM
Sun Life sets up Singapore branch office
CANADA based insurer Sun Life Financial Inc has set up a branch office in Singapore, where it has se...
PUBLISHED Aug 07, 08:26 PM
Asian refiners to ask for less crude after Saudi cut underwhelms
[SINGAPORE] Several Asian refiners struggling with weakening demand will ask Saudi Arabia for less c...
PUBLISHED Aug 07, 04:42 PM
Airbus shareholders in US file fraud lawsuit over disclosures, corruption probes
[BENGALURU] Airbus was sued on Thursday by shareholders who accused the European planemaker of secur...
PUBLISHED Aug 07, 06:59 AM
Darco unit withdraws from proposed purchase of Canwaco; requests US$1m refund
THE Vietnamese subsidiary of Darco Water Technologies is pulling out of its proposed acquisition of...
PUBLISHED Aug 07, 06:43 PM
Hollywood studios unlikely to buy movie chains, even if they can
[LOS ANGELES] When a federal judge terminated the Paramount Decrees on Friday, movie-theatre investo...
PUBLISHED Aug 08, 09:20 AM
Yum China eyes Hong Kong listing as early as Sept
[HONG KONG] Yum China Holdings is targeting a second listing in Hong Kong as early as September, peo...
PUBLISHED Aug 07, 03:15 PM
Pentagon awards United Launch Alliance, SpaceX launch contracts
[WASHINGTON] The Pentagon said on Friday it awarded United Launch Alliance (ULA) and SpaceX US$653 m...
PUBLISHED Aug 08, 12:22 PM
WarnerMedia ousts top streaming executives as part of restructuring
[NEW YORK] WarnerMedia's Bob Greenblatt and Kevin Reilly, executives who oversaw its HBO Max streami...
PUBLISHED Aug 08, 08:20 AM
China July exports rise at fastest pace in 7 months, but imports fall
[BEIJING] China's exports rose at the fastest pace in seven months in July, while imports declined,...
PUBLISHED Aug 07, 12:22 PM
Thailand’s CP Group expands e-commerce with purchase of HK-based Chilindo
[BANGKOK] Thailand's top agro-industrial conglomerate, Charoen Pokphand Group, said on Friday it wil...
PUBLISHED Aug 07, 09:26 PM
British Airways makes progress with job cuts
[LONDON] British Airways said on Friday it was making progress with its plan to cut 12,000 jobs to h...
PUBLISHED Aug 07, 04:52 PM
US judge denies bail to two men accused of aiding ex-Nissan boss Ghosn's escape
[BOSTON] A US district judge on Friday denied bail to two Massachusetts men accused of helping orche...
PUBLISHED Aug 08, 02:05 PM
US: Wall Street opens lower on Sino-US tensions, slowing jobs growth
[NEW YORK] US stocks opened lower on Friday as data showed a sharp slowdown in US employment growth...
PUBLISHED Aug 07, 09:48 PM
More European nations tighten virus curbs as global deaths top 700,000
[BERLIN] More countries across Europe imposed new travel restrictions and containment measures on Th...
PUBLISHED Aug 07, 06:56 AM
US dollar nurses losses ahead of non-farm payrolls data
[TOKYO] The US dollar nursed losses against major currencies on Friday ahead of the US non-farm payr...
PUBLISHED Aug 07, 09:48 AM
Richemont to ask shareholders permission for conditional share capital increase
[ZURICH] Richemont, the owner of Cartier, gave details of its proposed shareholders' loyalty scheme...
PUBLISHED Aug 07, 02:41 PM
Uber's quarterly sales tumble, ending a decade of growth
[NEW YORK] Uber Technologies generated more revenue from delivering food than transporting people fo...
PUBLISHED Aug 07, 10:47 AM
ESPN hikes streaming service price by US$1, with sports returning
[BURBANK] Walt Disney Co is raising the price of its ESPN+ streaming service for new subscribers by...
PUBLISHED Aug 08, 08:59 AM
Sukuk issuance set for 5% decline after 4 years of growth: report
Regardless, Moody's is expecting rapid growth in sukuk issuance over the the longer term
PUBLISHED Aug 07, 05:51 PM
US job gains may have stalled in July amid virus spike
[WASHINGTON] The promising jobs recovery in May and June may have come to a screeching halt in July...
PUBLISHED Aug 07, 10:38 AM
US mortgage rates plunge to record low 2.88% for 30-year loans
[NEW YORK] Mortgages rates have found another record low, potentially boosting a housing market that...
PUBLISHED Aug 07, 01:12 PM
Hong Kong, Shanghai: Stocks open down
[HONG KONG] Hong Kong stocks started slightly lower Friday morning as US lawmakers struggle to hamme...
PUBLISHED Aug 07, 09:58 AM
HK activist Joshua Wong files court challenge to 2019 poll disqualification
[HONG KONG] Hong Kong pro-democracy activist Joshua Wong filed a court challenge on Friday against h...
PUBLISHED Aug 07, 12:57 PM
Sri Lanka president, brother tighten grip after big poll win
[COLOMBO] Sri Lanka's parliamentary elections handed President Gotabaya Rajapaksa and his brother an...
PUBLISHED Aug 07, 02:30 PM
Australia says 1.5m workers in Victoria to get wage subsidy
[SYDNEY] Nearly half the workers at private companies in Australia's Victoria will receive a federal...
PUBLISHED Aug 07, 09:44 AM
Tanker line Stena Bulk taps used cooking oil in green push
[GOTHENBURG] Stena Bulk AB, one of the world's biggest tanker lines, plans to run some of its ships...
PUBLISHED Aug 07, 04:20 PM
Standard Life Aberdeen H1 profit falls 30%
[LONDON] British asset manager Standard Life Aberdeen's pre-tax profit fell 30 per cent to £195 mill...
PUBLISHED Aug 07, 02:43 PM
Fortescue reviews plans that threaten 60,000 year-old Australian site
[MELBOURNE] Fortescue Metals Group said on Friday it will review plans at an iron ore mine in Wester...
PUBLISHED Aug 07, 06:45 PM
Australia's economic recovery slowed by coronavirus second wave: RBA official
[SYDNEY] Australia's economic recovery will be slower than hoped and unemployment will stay high for...
PUBLISHED Aug 07, 01:44 PM
Fleetwood gets his golf groove going at PGA Championship
[SAN FRANCISCO] England's Tommy Fleetwood found his groove at the PGA Championship on Friday, shooti...
PUBLISHED Aug 08, 01:20 PM
Australia: Shares fall as resurgent virus spurs fears of unemployment
[BENGALURU] Australian shares retreated on Friday, with miners leading losses, as heightened coronav...
PUBLISHED Aug 07, 10:04 AM
Tokyo: Shares falter on weak Asia markets, profit-taking
[TOKYO] Tokyo shares closed lower on Friday, with investors cautious on soft Asian markets and weak...
PUBLISHED Aug 07, 02:20 PM
US taxman gives businesses a break for donations to charitable funds
[WASHINGTON] United States businesses donating to charitable funds in exchange for a state tax credi...
PUBLISHED Aug 08, 01:20 PM
Malaysia: Shares close lower on Friday
MALAYSIA share prices closed lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Ind...
PUBLISHED Aug 07, 05:20 PM
Europe: Stocks steady at open, before US jobs data
[LONDON] European stock markets steadied at the start of trading on Friday awaiting key jobs data in...
PUBLISHED Aug 07, 03:38 PM
Malaysia's June factory output dips 0.4% year on year
[KUALA LUMPUR] Malaysia's industrial production fell a marginal 0.4 per cent in June from last year,...
PUBLISHED Aug 07, 01:15 PM
Tokyo: Stocks open flat ahead of key US data
[TOKYO] Tokyo stocks opened flat on Friday as investors took a wait-and-see attitude ahead of key US...
PUBLISHED Aug 07, 08:38 AM
Japan lifts final restrictions on French beef
[PARIS] France said Friday that Japan has agreed to lift the last remaining restrictions on imports...
PUBLISHED Aug 07, 10:58 PM
Seoul: Stocks edge up as investors await US stimulus, jobs data
[SEOUL] South Korean shares on Friday tracked global equities higher, as investors awaited the next...
PUBLISHED Aug 07, 11:05 AM
Seoul: Stocks rise ahead of US jobs data; US-China tensions weigh
[SEOUL] South Korean shares ended higher on Friday, ahead of the release of US jobs data, although s...
PUBLISHED Aug 07, 03:29 PM
UK's Sunak says BoE forecasts show improvement, but hardship lies ahead
[LONDON] British finance minister Rishi Sunak said on Friday the Bank of England's new economic fore...
PUBLISHED Aug 07, 03:22 PM
Thai July consumer mood rises for third straight month as virus restrictions ease
[BANGKOK] Thai consumer confidence increased for a third straight month in July due to relief measur...
PUBLISHED Aug 07, 03:18 PM
Australia: Shares slip as dour GDP outlook, Sino-US rift weigh
[SYDNEY] Australian shares closed lower on Friday after the central bank downgraded its outlook for...
PUBLISHED Aug 07, 03:02 PM
Malaysia: Stocks open lower on Friday
MALAYSIA share prices opened lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Ind...
PUBLISHED Aug 07, 09:25 AM
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