News
India central bank proposes wider test for foreign control of firms
Published Tue, Jul 21, 2026 · 11:35 PM[MUMBAI] India’s central bank on Tuesday (Jul 21) proposed changes to foreign exchange management rules, broadening the conditions used to determine whether...
Ng Khee Siong, managing director of Borneo Motors parent Inchcape Singapore, resigns
[SINGAPORE] Ng Khee Siong, the managing director of Inchcape Singapore and Borneo Motors, has resigned. The company has begun a search for his replacement.Inchcape did not provide further details...
3M lifts annual profit forecast as industrial unit remains resilient
Published Tue, Jul 21, 2026 · 08:40 PM[BENGALURU] 3M lifted its full-year profit forecast on Tuesday (Jul 21) on the back of cost-control measures, price hikes and continuing strength...
Dollar steady as investors weigh Middle East jitters against softer inflation data
Lack of clarity on where the US-Iran conflict is headed has left the dollar in limboPublished Tue, Jul 21, 2026 · 08:14 PM[BENGALURU/HONG KONG] The US dollar held steady...
MoneyMax expects significant H1 profit growth amid strong pawnbroking performance
Group also points to support from its retail and trading of gold and luxury items segment[SINGAPORE] MoneyMax Financial Services on Tuesday (Jul 21) said that it expects to record...
Ben Affleck’s AI company is sold for more than $500 million
Netflix has revealed just how big it is betting on artificial intelligence, shelling out more than half a billion dollars for one of the early AI movers in Hollywood....
What is China’s Moonshot AI and why is it roiling markets?
The Beijing-based firm’s Kimi K3 AI model delivers performance that rivals offerings from OpenAI and AnthropicPublished Tue, Jul 21, 2026 · 05:14 PMCHINESE startup Moonshot AI released a new...
CGSI downgrades OCBC on sharp share price gain, less attractive yield, but raises target price
[SINGAPORE] CGS International (CGSI) downgraded OCBC to “hold” in its research report on Tuesday (Jul 21), citing limited upside following a sharp run-up in the lender’s stock price and...
Ant International raises US$1.2 billion in global expansion push
Published Tue, Jul 21, 2026 · 03:41 PM[HONG KONG] Ant International, the global arm of the Jack Ma-backed fintech company, has raised US$1.2 billion to bolster its expansion in cross-border...
Indian rupee’s return to near-record lows reflects RBI debate on intervention
Currency weakens 2% over July, nears record low of 97 to the US dollar; the central bank’s limited and intermittent moves have surprised tradersPublished Tue, Jul 21, 2026 ·...
