Business
Thakral’s associate GemLife in advanced talks to IPO on Australian exchange via stapled securities
There is still no assurance or certainty that the proposed IPO would proceed and close successfully, says the company Property investor…
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Business
Petrobras targets Africa for oil exploration region outside Brazil
Petrobras, the Brazilian state-run oil company, is setting its sights on Africa as its primary region for oil exploration activities…
Business
Russia cuts interest rates from two-decade high as economy slows
Friday's decision was the first time Russia's central bank has moved to cut rates since September 2022 (Alexander NEMENOV) Russia's…
Business
Procter & Gamble’s job cuts raise questions over possible impact on Singapore operations, new facility plans
Procter & Gamble (P&G) has so far stayed silent about how its planned reduction of about 15 per cent of its global non-manufacturing…
Business
Procter & Gamble’s job cuts raise questions over possible impact on 2,300 staff and operations in Singapore
Procter & Gamble (P&G) has so far stayed silent about how its planned reduction of about 15 per cent of its global non-manufacturing…
Business
Venture capital investment is rising in Los Angeles — and not just for AI startups
Early this year, private equity firm Blackstone bet big on the future of artificial intelligence by investing $300 million in a Chatsworth…
Business
Hello Kitty owner overtakes Toyota in stock turnover
Shares of Sanrio, which was added to MSCI’s Japan index last month, jumped 12% in May Hello Kitty owner Sanrio surpassed Japan’s biggest…
Business
India focuses on growth with larger-than-expected 50 bps cut in key rate; slashes reserve ratio
The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points on Friday, a third consecutive reduction,…
Business
Collage of 'Philippine traffic conditions' misuses Vietnam photo
Supporters of President Ferdinand Marcos have misrepresented a photo of a congested road in Vietnam as depicting gridlock in the…
Business
Great Eastern seeks to delist through OCBC exit offer of $30.15 per share
OCBC has made a S$0.9 billion conditional exit offer at $30.15 per share for the 6.28 per cent stake in Great Eastern it does not own, in…
Business
Soaring demand for Nintendo Switch 2 boosts massive video game market
Benedict Corpuz has always been a “day one” type of person when it comes to fueling his video game habit. Beginning in his high school…
Business
Colombia reports 33% drop in deforestation in early 2025, with major progress in Amazon parks
BOGOTA, Colombia (AP) — Colombia saw a 33% drop in deforestation in the first quarter of 2025 compared to the same period last year, the…
Business
Your 5 most burning questions about the new Nintendo Switch 2, answered
The Nintendo Switch 2 console has officially been released, as retailers opened their doors at midnight — 9 p.m. here on the West Coast —…
Business
Tesla Stocks Plummet as Trump-Musk Breakup Finally Begins
President Trump told reporters he was “disappointed” in Elon Musk, and Tesla’s stock took a nosedive minutes later. This comes as the…
Business
UK sales of new Tesla cars slump by more than a third amid Musk backlash
Tesla has sold 15,002 cars in the UK so far this year, down by 7.8% in the same period last year.Photograph: Bloomberg/Getty Images Sales…
Business
US: Wall Street opens higher as investors focus on trade, key jobs data
stock indexes opened higher on Thursday (Jun 5) after signs of tariff negotiations between the US and China, while investors looked ahead…
Business
World Bank U-turn ends loan ban to Uganda over gay rights
The World Bank says it is lifting a ban on loans to Uganda that it had put in place two years ago when the country passed a draconian new…
Business
Alphabet to keep hiring engineers while AI advances
Alphabet’s chief executive officer Sundar Pichai said his company will keep expanding its engineering ranks at least into 2026, stressing…
Business
StanChart brings maximum interest rate on savings account to record 8.05%
While local banks are dropping their interest rates on savings accounts, Standard Chartered Bank (StanChart) has raised its rates to an…
Business
Vinarchy sets out winemaking investment plans
Vinarchy has unveiled a plan to “realign and strengthen” its winemaking operations in Australia. The wine major said it will create two…
Business
Procter & Gamble to cut 7,000 jobs over two years in new restructuring plan
Procter & Gamble said on Thursday (Jun 5) it would cut 7,000 jobs, or about 6 per cent, of its total workforce over the next two years, as…
Business
Acrophyte Hospitality Trust proposes disposal of Michigan hotel for US$6.7 million
Acrophyte Hospitality Trust has proposed the disposal of a hotel in the US city of Auburn Hills in Michigan for a consideration of around…
Business
China warns BYD, rivals to self-regulate as price war heats up
Chinese officials summoned the heads of major electric vehicle makers, including BYD, to Beijing earlier this week to address concerns…
Business
High Court partially allows Goh Jin Hian’s appeal, finds he did not breach duty by not probing IPP’s red flags
The High Court has partially allowed an appeal by Goh Jin Hian, a former director of insolvent marine fuel supplier Inter-Pacific…