Business
Internet asks why woman marrying fiance over what he did at birthday dinner
A viral Reddit post has sparked widespread debate about whether a woman should go ahead with her plans to marry her fiance, after she…
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Business
Business
JPMorgan Q1 profit tops estimates
JPMorgan Chase topped first-quarter profit estimates on Friday (Apr 11), driven by record equities trading and higher fees from debt…
Business
Tesla U.S. Sales Plunge as G.M. and Others Make Gains
Tesla’s sales in the United States fell almost 9 percent in the first three months of the year even as the overall market for electric…
Business
Nickel scam accused paid S$7 million for 8 luxury cars and S$1 million for vintage car plate: dealer
Alleged nickel fraudster Ng Yu Zhi was said to have splurged about S$7 million on eight luxury cars – five of them transferred to his wife…
Business
BlackRock misses long-term flow expectations amid Asia outflows
The world’s largest asset manager BlackRock pulled in a less-than-expected US$83 billion of client money to its investment funds in the…
Business
Taiwan’s Vanguard to hasten construction of Singapore factory
Taiwan’s Vanguard International Semiconductor said on Friday (Apr 11) it will speed up construction of its 12-inch wafer fab in Singapore…
Business
EBITDA Explained: Beyond the Buzzword
EBITDA, short for Earnings Before Interest, Taxes, Depreciation, and Amortization, is a term that gets thrown around a lot in finance. But…
Business
Indonesia’s US$48 billion social security fund eyes doubling equities exposure
Indonesia’s US$48 billion social security fund BPJS Ketenagakerjaan, the country’s largest institutional investor, aims to raise the share…
Business
Singapore shares settle lower on Friday; STI down 1.8%
The Straits Times Index (STI) closed down on Friday (Apr 11), along with most regional indices. The STI declined 1.8 per cent or 65.3…
Business
Tesla Halts Orders in China on U.S. Imported Models
Tesla has stopped accepting new orders in China for two car models that it imports from a factory in the United States, after the Chinese…
Business
Apple's iPhone 16 hits Indonesia stores after months long ban
Smartphone buyers were cheered by shopkeepers in Jakarta on Friday (Apr 11) after Apple’s latest smartphone went on sale following a…
Business
CapitaLand Investment bullish on healthcare’s real estate needs
As South-east Asia’s population ages, more physical spaces are needed for the healthcare and wellness services that people will require in…
Business
Tokyo: Nikkei slumps on trade war worries, stronger yen
Japan’s Nikkei share average slumped on Friday (Apr 11) in a brutal end to a volatile week as investors worried about the economic fallout…
Business
Gold versus Bitcoin – a battle for portfolio diversification
As US President Donald Trump’s eye-watering tariffs triggered a tanking of the world’s markets in the past week, the paths of two…
Business
Shein gains UK approval for London IPO, awaits China nod: sources
Online fast-fashion retailer Shein has secured approval from Britain’s Financial Conduct Authority (FCA) for its planned initial public…
Business
Tesla China scraps ‘order now’ option for two imported EVs
Tesla’s website in China has removed the ‘order now’ option for Model S and Model X electric vehicles (EVs), which are both imported, just…
Business
Crumbling bridges slow traffic and the economy in Germany. Can more money fix the problem?
BAD SCHANDAU, Germany (AP) — Germany's reputation for efficiency is taking a hit from crumbling concrete. Cracks and collapses are also a…
Business
Novartis pledges US$23 billion US investment as tariffs loom
Trump has repeatedly said he intends to impose tariffs on pharmaceuticals, citing the industry’s reliance on manufacturing sites around…
Business
Google lays off hundreds of employees in Android, Pixel Group: The Information
Alphabet’s Google on Thursday (Apr 10) laid off hundreds of employees in its platforms and devices unit, which works on the Android…
Business
TikTok drives ByteDance’s 29% growth while China business slows
ByteDance’s revenue jumped 29 per cent to US$155 billion in 2024, after online video phenom TikTok drove a worldwide expansion that helped…
Business
Indonesian coffee chain Fore says its IPO oversubscribed by 200 times
The seven-year old company is the first domestic coffee chain to list on the bourse Indonesian coffee chain Fore said on Friday (Apr 11)…
Business
Bain seeks to raise at least US$7 billion for new Asia PE fund
Bain Capital is looking to raise billions of US dollars for its next Asia fund and a special situation fund in the region, as it moves to…
Business
How TikTok’s Parent, ByteDance, Became an A.I. Powerhouse
The Chinese internet giant ByteDance has made some of the world’s most popular apps: TikTok and, in China, Douyin and Toutiao. In the…
Business
USD weakens against SGD as tariff uncertainty roils markets
The US dollar fell to its weakest point against the Singapore dollar since November 2024, as markets continued to be volatile following…