Entrepreneurship

Bloomberg terminal back up after outage affects European bond sales
Published Wed, May 21, 2025 · 05:57 PM — Updated Wed, May 21, 2025 · 07:10 PM[LONDON] News and data company Bloomberg said its systems were returning to normal...
Should SingPost divest its headquarters building?
[SINGAPORE] The share price of Singapore Post (SingPost) said it all about investors’ attitude towards the national postal service provider’s latest set of financial results.The share price tanked 12...
Covid-19 testing demand surges as cases spike across Asia
Phase Scientific has developed the world’s first urine-based human papillomavirus test, and is planning to expand that business globallyPublished Wed, May 21, 2025 · 01:56 PM[BEIJING] Demand for Covid-19...
Labubu maker Popmart flagged for global expansion potential; CGSI initiates coverage
[Hong Kong] CGS International (CGSI) has initiated coverage on Pop Mart’s stock with an “add” rating, citing the group’s transformation from a toy retailer to an intellectual property (IP)-centric...
Nvidia CEO praises Trump move to scrap some AI export curbs
[TAIPEI] US export controls on artificial intelligence (AI) chips to China were “a failure” as they have cost American companies billions of US dollars in lost sales, Nvidia chief...
Temasek’s SeaTown to invest up to S$115 million in Singapore healthcare firm AddVita
[SINGAPORE] SeaTown Holdings, an investment manager indirectly owned by Temasek, said on Wednesday (May 21) it is committing up to S$115 million in Singapore healthcare and life sciences firm...
SingPost names Teo Swee Lian as chairman-designate; Simon Israel to retire after 9 years at helm
She will assume the role at the conclusion of the postal services provider’s next annual general meeting[SINGAPORE] Singapore Post (SingPost) has appointed Teo Swee Lian, 65, to the board...
PwC launches AI hub in Singapore with over US$4 million commitment
[SINGAPORE] PwC launched an artificial intelligence (AI) hub in Singapore on Wednesday (May 21), committing more than US$4 million over a three-year period. This venture is also supported by...
CapitaLand Investment launches 5 billion yuan China fund
[SINGAPORE] CapitaLand Investment (CLI) on Wednesday (May 21) announced the launch of its first onshore master fund in China, the CLI RMB Master Fund, with a total equity commitment...
Westpac to cut 1,500 jobs, simplify operations: report
The company says it regularly adjusts its workforce based on shifting investment prioritiesPublished Wed, May 21, 2025 · 07:44 AM[BENGALURU] Westpac Banking Corp (Westpac) is planning to cut more...
Chanel profit tumbles as luxury industry downturn hits sales
[PARIS] Chanel profit plunged last year as the closely held company splurged on expanding its retail network and marketing to remain visible amid a luxury industry downturn. Operating profit...
Europe: Shares close near nine-week high, powered by utility, telecom stocks
[BENGALURU] European stocks closed at near nine-week highs on Tuesday (May 20) with utilities and telecom firms leading gains, while some positive corporate earnings also bolstered sentiment.The pan-European Stoxx...