Fashion
Oil settles lower as hopes dim for US-China trade and supply worries ease
[NEW YORK] Oil prices fell by more than US$1 a barrel on Wednesday as investors doubted that upcoming US-China trade talks will result in a breakthrough, while hopes for an Iran-US...
US Fed holds back on rate cut, citing rising risk of higher inflation; economy is solid but faces tariff threat
[WASHINGTON] The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen, further clouding the economic outlook as the US central...
Isetan Tampines to shutter in Nov 2025
[SINGAPORE] Department store operator Isetan Singapore will close its outlet at Tampines Mall in November 2025, it announced on Tuesday (May 6).
Speaking to The Straits Times, a company spokesperson...
EU considers tariffs on Boeing jets
Published Wed, May 7, 2025 · 07:05 PM[FRANKFURT] The European Union intends to propose tariffs on Boeing jets, as it prepares to retaliate further if trade talks with Washington...
Volvo Cars to cut 5% of jobs at South Carolina plant as tariffs bite
The changes would affect about 125 of the 2,500 employees at its factory in South CarolinaPublished Wed, May 7, 2025 · 06:31 PM[STOCKHOLM] Volvo Cars said on Wednesday (May...
Singapore stocks track regional gains on Wednesday; STI up 0.1%
[SINGAPORE] Local stocks ended higher on Wednesday (May 7), tracking gains in the region.The benchmark Straits Times Index (STI) gained 0.1 per cent or 4.96 points to 3,865.37. Across...
UOB halts earnings guidance amid macro uncertainties, but remains ‘committed’ to S$3 billion capital return plan
[SINGAPORE] Singapore’s third-largest lender UOB will suspend its 2025 earnings guidance, with plans to resume this once the macroeconomic situation stemming from US tariffs stabilises.At the same time, the...
Alibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
[SHANGHAI] Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click on product links to shop on Alibaba’s Taobao platform.
The...
Ex-Pavilion Energy chief Alan Heng to lead Singapore’s new central gas entity
[SINGAPORE] Singapore has established a new government-owned entity to centralise natural gas procurement, and appointed Alan Heng, who previously led gas trader Pavilion Energy, as its chief executive.The formation...
New Singapore GasCo entity to centralise gas procurement; ex-Pavilion Energy chief Alan Heng to lead outfit
[SINGAPORE] Singapore has established a new government-owned entity to centralise natural gas procurement, and has appointed Alan Heng, who previously led gas trader Pavilion Energy, as its chief executive.The...
