Business
Protect investors, but give private market fund managers flexibility, industry players tell MAS
The transparency of private market funds, the amount they charge in fees, and the methods of valuation were among key points raised in the…
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Business
Business
Julius Baer focuses on costs as CEO sets ‘realistic’ goals
The Zurich-based wealth manager will seek 130 million Swiss francs (S$205 million) in cost reductions to 2028 US Baer is stepping up its…
Business
Julius Baer’s new goals fail to impress in setback for CEO
Julius Baer Group unveiled fresh targets aimed at cutting costs and setting the Swiss wealth manager on the road to better profitability,…
Business
Singapore hedge fund Arrowpoint capitalised on May market turmoil
Singapore’s multi-strategy hedge fund Arrowpoint Investment Partners has made gains by exploiting market dislocations triggered by global…
Business
Germany approved €485m in arms exports to Israel since October 2023
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting…
Business
Hong Leong-led consortium secures S$692 million green loan from DBS, OCBC for Tengah’s first private mixed-use project
A consortium led by Hong Leong Holdings has secured a S$692 million green loan to finance the development of Tengah’s first nature-centric…
Business
Online broker Tiger to double Hong Kong headcount, targets offshore China wealth
Tiger Securities plans to double its headcount in Hong Kong over the next two to three years as the online brokerage targets a bigger…
Business
HK Express airfares dragged down by rising competition out of Hong Kong, CEO says
An accelerating fall in the price of air tickets from recent high levels is the biggest challenge at Cathay Pacific’s budget arm HK…
Business
Asia: Markets rise as traders eye possible Trump-Xi talks
Asian stocks rallied on Tuesday as investors kept tabs on developments in the China-US trade war amid speculation the countries’ leaders…
Business
Frasers unit to buy S$48 million Yishun cinema complex from Golden Village
A wholly owned subsidiary of Frasers Property has agreed to buy a cinema complex in Yishun Central from Golden Village Multiplex and lease…
Business
TSMC says tariffs have some impact but AI demand robust
[HSINCHU, Taiwan] US tariffs are having some impact but demand for artificial intelligence (AI) remains strong and continues to outpace…
Business
Bank of Japan urged to keep or slow bond taper pace from fiscal 2026
The Bank of Japan (BOJ) received a sizeable number of requests to maintain or slightly slow the pace of tapering in its bond purchases…
Business
Australia central bank pondered outsized rate cut in May, decided to be predictable
Australia’s central bank considered cutting interest rates by an outsized 50 basis points last month as “insurance” against global trade…
Business
Australia cracks down on crypto ATMs as scams, fraud uncovered
There are now more than 1,800 machines in the country compared to just 23 in 2019, according to Austrac data Australia’s financial crimes…
Business
Widjaja family’s Sinarmas Land offer closes with 98.65% resultant shareholding
Property development group Sinarmas Land requested the Singapore Exchange (SGX) to suspend trading of its shares with effect from 9 am on…
Business
Toyota to take key supplier private in US$33 billion deal
Toyota Motor will take forklift-maker Toyota Industries private in a US$33 billion deal, the companies said on Tuesday (Jun 3), a landmark…
Business
Australia raises minimum wages by 3.5% as inflation eases
By Renju Jose and Stella Qiu SYDNEY (Reuters) -Australia's independent wage-setting body on Tuesday raised the national minimum wage by…
Business
Electric trucks are the latest threat to oil demand in China
MORE and more Chinese trucks are being powered by batteries, another sign that oil-based fuels are getting shoved to the sidelines in an…
Business
Stocks to watch: CapitaLand Ascendas Reit, Sinarmas Land, Oxley Holdings
THE following companies saw new developments that may affect trading of their securities on Tuesday (Jun 3): CapitaLand Ascendas Reit…
Business
Asia’s top-rated bonds lifted by pullback from US Treasuries
Bonds in Australia and Singapore are getting a lift from rising questions about the appeal of Treasuries, as fears that a proposed US tax…
Business
Merck held talks to buy biotech MoonLake for over US$3 billion: FT
K has held talks to buy Swiss biotech MoonLake Immunotherapeutics for more than US$3 billion, the Financial Times reported on Monday,…
Business
Vanguard files for new ex-China emerging markets ETF
ASSET management giant Vanguard Group plans to launch a new exchange-traded fund (ETF) that will target emerging markets while excluding…
Business
Microsoft cuts hundreds more jobs after firing 6,000 last month
The AI boom has roiled the tech labour market because companies are prioritising AI-focused jobs and harnessing the technology to save…
Business
Google Deepmind CEO says global AI cooperation ‘difficult’
Artificial intelligence pioneer and head of Google’s Deepmind, Demis Hassabis on Monday said that greater international cooperation around…