Business
US: Stocks fall as investors pare risk on Middle East clash
Wall Street stocks finished sharply lower Friday (Jun 13) as Iran launched counterstrikes in response to an Israeli siege, leaving most…
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Business
Business
Europe: Shares tumble as Israel-Iran conflict escalates
EUROPEAN shares closed lower on Friday (Jun 13) as Israel’s wide-scale strike against Iran triggered a broad market selloff, with…
Business
Oil settles up 7% as Israel, Iran trade air strikes
Oil prices jumped on Friday (Jun 13) and settled 7 per cent higher as Israel and Iran traded air strikes, feeding investor worries that…
Business
Shein's planned Hong Kong listing to benefit from wider capital pool, analysts say
Shein’s planned listing in Hong Kong will help the online fast-fashion retailer avoid sharp investor scrutiny of its supply chains while…
Business
US: Wall St opens lower as Israel-Iran conflict hits risk appetite
Wall Street’s main indexes opened lower on Friday (Jun 13) after Israel’s deadly strike on Iranian nuclear facilities inflamed tensions in…
Business
Alibaba movie unit’s pivot, rebrand bring US$2 billion value gain
DAMAI Entertainment Holdings, formerly Alibaba Pictures Group, is shifting its focus from movies production to faster-growing…
Business
Thakral associate GemLife inks underwriting agreement for Australian IPO launching ‘very shortly’
The company holds an effective interest of 31.7 per cent in GemLife, a lifestyle resorts business in Australia Mainboard-listed Thakral…
Business
Hong Kong-listed ESR gets shareholders’ nod for privatisation
Shareholders of ESR Group on Friday (Jun 13) approved the scheme resolution proposed by a consortium of investors to acquire and privatise…
Business
Google Cloud and Digital Industry Singapore launch programme to spearhead AI development among companies
Digitally-mature companies keen on doing more in the area of artificial intelligence (AI) will now have the opportunity to tap a new…
Business
Celine Song’s “Materialists” Tries to Subvert the Rom-Com
In Lucy’s line of work, everything begins with the quantitative. Client lists of nonnegotiables read like a barrage of demographic data,…
Business
AI toys and games? Barbie maker Mattel teams up with OpenAI to create new products
Your next toy or game may be able to converse with you. Mattel, the El Segundo toy maker behind Barbie and Hot Wheels, said Thursday that…
Business
Temasek joins Microsoft, BlackRock and MGX to develop AI infrastructure
Temasek’s participation comes after the Kuwait Investment Authority joined earlier in June Temasek has joined a consortium backed by…
Business
US: Wall St opens lower as Middle East tensions rise
Wall Street’s main indexes opened lower on Thursday (Jun 12) as signs of rising tensions in the Middle East hurt risk sentiment and…
Business
Boustead Singapore reviews assets for potential sale to Reit for listing
No certainty that any transaction will materialise as a result of this process, says the engineering and technology group Boustead…
Business
French nuclear output concerns drive power prices up
Power prices throughout Europe have surged amid concerns that France might need to reduce its nuclear output, as reported by Reuters. The…
Business
DBS raises target price for Sheng Siong on steady earnings growth, margin superiority
DBS Research Equity on Tue (Jun 10) raised its target price for Sheng Siong to S$2.30 from S$2 on the back of strong earnings growth and…
Business
Mattel taps OpenAI to help it design toys, other products
Mattel, the maker of Barbie dolls and Hot Wheels cars, has signed a deal with OpenAI to use its artificial intelligence tools to design…
Business
Damage is done: China exports to US in May see biggest drop since Covid as trade flows reroute to Asean
While the US and China seemed to have avoided a devastating economic conflict with a framework agreement on Wednesday (Jun 11) after two…
Business
Closed Kazakhstan test site misrepresented as 'Pakistan nuclear facility'
Unrelated photos of people wearing protective gear emerging from hillside tunnels have been shared in posts that falsely claim they show…
Business
China stocks soar on AI, US-China trade hopes. Who are the country’s ‘Terrific Ten’ firms?
Chinese stocks have see-sawed since late last year, as investors reacted to factors ranging from government stimulus, artificial…
Business
Gold prices climb as Middle East tensions rise, US inflation eases
GOLD prices rose on Thursday, as rising Middle East tensions boosted demand for safe-haven assets, while softer-than-expected US inflation…
Business
Stocks to watch: CapitaLand Investment, TalkMed, Aspen
The following companies saw new developments that may affect trading of their securities on Thursday (Jun 12). CapitaLand Investment…
Business
Scrap Chagos Islands deal and agree new one, UN panel urges UK
A UN panel has urged the UK to renegotiate a deal returning the Chagos Islands to Mauritius, saying it "fails to guarantee" the rights of…
Business
US: S&P 500, Nasdaq open near record levels after May inflation data
The S&P 500 and Nasdaq opened near record levels on Wednesday (Jun 11), as a cooler-than-expected inflation report calmed concerns around…