Business
Walmart-backed Flipkart to shift base back to India from Singapore
Flipkart will shift its holding company from Singapore to India, the e-commerce company said on Tuesday (Apr 22), as its parent Walmart…
Section
Business
Business
Bitcoin rallies 20% during market turmoil to diverge from tech
Bitcoin advanced to the highest level since early March, fueling optimism that the biggest digital token is finally breaking free of a…
Business
CDL unit raises offer for M&C New Zealand to NZ$2.80 a share
The higher offer reflects 60% premium to 1-month volume weighted average share price of NZ$1.75 City Developments Ltd’s (CDL) wholly owned…
Business
Indian banks hit record as new RBI liquidity rules boost outlook
The rally – led by private lenders – reflects growing investor confidence that the sector’s credit growth is recovering from last year’s…
Business
Singapore stocks continue to rally on Tuesday; STI up 1%
Singapore stocks ended higher on Tuesday (Apr 22), even as other Asian markets delivered a mixed performance amid trade uncertainty. The…
Business
Offshore renminbi funding costs in Hong Kong sink to record low
The cost to borrow the offshore renminbi in Hong Kong dropped to the lowest since data became available in 2013, putting pressure on the…
Business
Ericsson expands manufacturing in India to make antennas
The company expects to export a significant portion of the antennas manufactured in India after meeting domestic needs Sweden’s Ericsson…
Business
Miami housing market suffers "breathtaking" collapse in demand
The Miami housing market's pandemic boom is finally coming to a slowdown, as inventory rises and sales fall amid growing uncertainty over…
Business
Paragon Reit unitholders give nod to privatisation offer
Unitholders of Paragon Real Estate Investment Trust (Reit) approved the scheme resolution proposed by Cuscaden Peak’s Times Properties to…
Business
The yen strengthens past 140 per dollar for the first time since September
The yen advanced past the psychological level of 140 against the US dollar as investors sought alternatives to the greenback amid…
Business
Chinese tech firms eye US listings despite widespread ructions
Beijing Smart Walnut Education Technology, a provider of services that help children learn to code, is one of several Chinese firms…
Business
UBS to sell India wealth business to 360 ONE, take 5% stake in India partner
This deal will see the firm relinquish equity control in its India onshore wealth business while taking up the offshore wealth business of…
Business
UBS resets India strategy with 360 ONE deal
UBS said on Tuesday (Apr 22) that it would sell its Indian wealth business to 360 ONE WAM and take a stake of nearly 5 per cent, worth…
Business
Meta appoints new Singapore country director Nicole Tan
She will spearhead digital innovation and AI opportunities for businesses in the country Meta has appointed Nicole Tan as its new country…
Business
‘The people’s pope’: what the papers say about the death of Pope Francis
The death of Pope Francis has reverberated around the world, with the Catholic leader remembered by millions as a Jesuit pontiff who…
Business
China’s Nio delays Europe launch of Firefly EV to third quarter
The company will sign a contract to sell cars into Singapore this week, CEO William Li says China’s Nio said on Tuesday (Apr 22) it would…
Business
China’s Nio looks to European partners to overcome expansion challenges
Nio, which is preparing to launch its lower-priced Firefly and Onvo sub-brands in Europe, is recalibrating its expansion strategy due to…
Business
Air India keen to take Boeing jets refused by China airlines
Air India is looking to take Boeing planes rejected by Chinese carriers, sources familiar with the matter said, joining the ranks of Asian…
Business
JPMorgan to expand San Francisco office in boost to downtown
JPMorgan Chase is expanding its San Francisco office and committing its marquee healthcare conference to the city for another year,…
Business
Gold rises to a record US$3,500 as traders seek safe havens
Gold surged past US$3,500 an ounce for the first time before paring some gains, as concern that President Donald Trump could fire Federal…
Business
Metals billionaire Anil Agarwal seeks mining reboot amid debt overhaul, Saudi push
Indian billionaire Anil Agarwal is inching closer to finishing a long-planned breakup of his metals-to-energy conglomerate Vedanta, a move…
Business
ESR-Reit Q1 NPI up 31.3% at S$82.5 million on acquisitions, asset enhancements
The manager of ESR-Reit on Tuesday (Apr 22) posted a 31.3 per cent rise in net property income (NPI) for the first quarter to S$82.5…
Business
Circle plans stablecoin-powered cross border payment network
Circle Internet Group is launching a payments network designed to allow financial institutions and technology firms to settle cross-border…
Business
Keppel Infrastructure Trust posts 27.7% higher Q1 distributable income of S$65 million ahead of GMG acquisition
Keppel Infrastructure Trust (KIT) on Tuesday (Apr 22) reported a jump in distributable income of 27.7 per cent to S$65 million, from…