Business
UOB-Kay Hian posts 12.9% lower net profit for H1
Earnings per share for the half-year fell to S$0.106, from S$0.1264 in the year-ago period UOB-KAY Hian posted a 12.9 per cent…
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Business
Business
From rubber roots to risk management: Singapore’s 60-year mastery of global trades
As Singapore turns 60 this weekend, its journey from colonial rubber-trading outpost to one of the most sophisticated commodities…
Business
Nextdoor cuts 12% of workforce in quest for profitability
Nextdoor Holdings, the neighbourhood social networking company, is eliminating 12 per cent of its workforce, part of a broader effort by…
Business
Stocks to watch: UOB, SGX, Genting, Sembcorp, Singapore Land, Riverstone, Daiwa, BHG Retail
The following companies saw new developments that may affect trading of their securities on Friday (Aug 8): UOB: Trade loans are expected…
Business
Stockton Rush’s Name Deserves to Live in Infamy
The Coast Guard’s report on the man behind the Titan disaster ought to be mandatory reading for all aspiring entrepreneurs. Source link
Business
Trump says Intel CEO is 'highly conflicted,' calls for his resignation
Chipmaker Intel is the latest tech company facing political pressure from President Trump. On Thursday, Trump called for the immediate…
Business
Ireit Global DPU drops to 0.71 euro cent for H1 due to Berlin vacancy
Ireit Global posted a 26 per cent fall year on year in distribution per unit (DPU) to 0.71 euro cent for the half-year of FY2025 ended…
Business
Centurion H1 net profit falls 38% to S$73.9 million on net fair value loss
Centurion Corporation, a provider of purpose-built dormitories for workers and students, saw its first half-year of FY2025 net profit drop…
Business
US: Wall Street opens higher on tariff exemption hopes
Street’s main indexes opened higher on Thursday (Aug 7), buoyed by optimism that major technology companies could avoid US President…
Business
Million-year-old stone tools found on Indonesian island could unravel mystery of ‘hobbit’ humans
Humans may have crossed mainland Southeast Asia to occupy surrounding islands much earlier than previously thought, according to a new…
Business
Chinese drone maker DJI shut out of Washington with US market at risk
Chinese-owned and operated DJI Technologies is up against an end-of-year deadline to keep its US business alive, and the drone maker is…
Business
Hyflux’s ex-director pleads guilty to disclosure-related charge, fined S$90,000 and barred from directorships
A former independent director of Hyflux pleaded guilty on Thursday (Aug 7) to being negligent in the insolvent water treatment firm’s…
Business
VietJet to hire more than 5,000 new Thai staff for expansion
VietJet Aviation plans to employ more than 5,000 new staff in Thailand as Vietnam’s biggest budget carrier accelerates flight and route…
Business
UOB resumes guidance for FY2025 with trimmed forecasts amid Q2 earnings miss
UOB has resumed guidance on its full-year 2025 targets after briefly pausing them in the first quarter, but the projections are now…
Business
Are sovereign wealth funds dumping Israeli investments?
The Norwegian government on Tuesday said it would review its sovereign wealth fund’s investment in Israel after the Scandinavian country’s…
Business
For Argentine farmers, Milei's free-market reforms fall short
Fruit producers in Argentina complain that the economic reforms undertaken by President Javier Milei have not gone far enough in helping…
Business
Insurer AIG posts higher quarterly profit on underwriting strength
American International Group (AIG) reported a higher second-quarter profit on Wednesday (Aug 6), powered by strong underwriting gains and…
Business
Saudis raise crude prices to Asia after Opec+ adds barrels
Saudi Arabia raised crude prices for a second consecutive month, signalling confidence in demand for its barrels as Organization of the…
Business
How Europe is vying for rare earth independence from China
Solvay's rare earths processing facility in western France is one of only two in Europe For almost 80 years rare earth metals have been…
Business
André Aciman on Reading—and Misreading—Emotions
Each of the novellas that make up André Aciman’s new book, “Room on the Sea,” picks apart the intricacies of how people comprehend the…
Business
EuroSports Global explains reasons for keeping Melvin Goh as executive chairman and CEO
EuroSports Global said its board’snominatingcommittee had independently assessed the charges against executive chairman and chief…
Business
Indonesia’s Pertamina and PLN partner for 530MW geothermal energy projects
Indonesia’s state-owned energy company PT Pertamina and state electricity provider PT PLN have reportedly entered an agreement to develop…
Business
Carro targets US IPO with over US$3 billion valuation: sources
Singapore-based Carro, South-east Asia’s largest used-car online marketplace, is preparing for a US initial public offering as early as…
Business
Uber boosts buybacks by US$20 billion after upbeat forecast
Uber Technologies announced US$20 billion in new stock buybacks after sharing a better-than-expected third-quarter forecast and quarterly…