Business
RHB Bank’s Singapore unit key to regional growth plan, targets
Singapore, part of Malaysia’s fourth-biggest banking group RHB, will be key in driving its regional expansion plans and help meet targets…
Section
Business
Business
China venture capital funds tap global investors for US$2 billion in comeback
China’s largest venture capital houses are tapping the market for at least US$2 billion in new funds, re-engaging with the country’s…
Business
UN talks with rival leaders of Cyprus fail to reach deal on new border crossings
UNITED NATIONS (AP) — The United Nations chief said Thursday that he would have liked more results from his meetings with the rival…
Business
US: S&P 500, Nasdaq end at record highs after solid retail data
Wall Street stocks rose to fresh record highs on Thursday (Jul 16) as markets focused on solid US retail sales data and corporate earnings…
Business
Amazon’s AWS cloud computing unit cuts jobs
Amazon cut jobs in its Amazon Web Services cloud computing unit on Thursday (Jul 17), a spokesperson confirmed following a Reuters…
Business
Samsung chairman Lee’s long legal saga ends with acquittal
Samsung Electronics executive chairman Lee Jae-yong was cleared of all charges related to accounting fraud and stock manipulation by South…
Business
India’s private market boom set to continue, as investors keep shunning China
A surge in the value of private equity (PE) deals signed in India in the first half of this year, coupled with the inking of the country’s…
Business
False posts about Pakistan banknote redesign surface online
Pakistan's central bank, which has sole authority to print currency in the country, has dismissed baseless claims about a new 1,000-rupee…
Business
EasyJet boss hits out over French air traffic walkouts
The two-day strike by French air traffic controllers at the beginning of July disrupted travel for tens of thousands of people at the…
Business
TSMC profit surges again after AI drives big jump in sales
The company’s performance underscores resilient demand for high-end artificial intelligence chips from the likes of Nvidia and Advanced…
Business
Trek 2000 International divests stake in Terrenus Energy valued at around S$8.2 million
Technology provider Trek 2000 International announced on Thursday (Jul 17) that it will be disposing its 4.3 per cent stake in Terrenus…
Business
Thailand seeks ways to curb gold price impact on currency
Thailand’s central bank and the finance ministry are discussing ways to address currency moves that are not aligned with fundamental…
Business
Rachel Kushner’s Advice to Writers
The novelist Rachel Kushner recently taught a class at Stanford that concerned, as the course catalogue advertised it, “the sacred art of…
Business
mm2 Asia seeks to delay S$54 million bond repayment by six years
Embattled entertainment group mm2 Asia has proposed to amend a S$54 million-bond deal that was set for redemption in December. In a…
Business
These California tech hubs are set to dominate the AI economy
Despite suggestions it has been losing its edge, California is way ahead of others when it comes to the hottest technology right now:…
Business
US: Wall St opens higher as inflation data, earnings take centre stage
Wall Street’s main indexes opened higher on Wednesday (Jul 16) as investors sifted through new inflation data and digested a fresh round…
Business
HRnetGroup appoints 10 new business leader co-owners
HRnetGroup has appointed 10 new business leader co-owners, following the retirement and departure of certain leaders, to bring its total…
Business
Inditex plans to revive budget brand Lefties in France, explore new markets
Lefties previously operated in France from 2009 until 2012. Details regarding the location(s) where the brand will launch in France remain…
Business
Schneider in talks to buy Temasek’s stake in Indian JV
A potential transaction could value the whole venture at roughly US$5 billion including debt Schneider Electric is considering buying out…
Business
Stellantis discontinues hydrogen fuel cell vans in Europe
Stellantis has announced it will discontinue its hydrogen fuel cell technology development program. The program was targeting future sales…
Business
Nvidia is the first $4-trillion company. Here are three things to know
SAN FRANCISCO — Nvidia is already the world’s most valuable company being one of the biggest beneficiaries of the global artificial…
Business
Citi to boost Japan investment banking headcount up to 15%, executive says
Citigroup plans to raise its investment banking headcount in Japan by 10 to 15 per cent over the next year and make new hires in…
Business
ASML orders beat expectations after AI spending fuels demand
ASML Holding’s orders in the second quarter beat estimates after the artificial intelligence (AI) boom drove demand for its sophisticated…
Business
Small but rising Japanese opposition party warns against near-term BOJ rate hike
The Bank of Japan should hold off raising interest rates until the economy achieves a stronger recovery, Sohei Kamiya, head of the small…