News

‘We want to be a dominant player’: DBS targets S$100 billion in cross-border flows by 2030
The lender plans to roll out same-day outbound remittances from China by the second half of 2026 [SINGAPORE] DBS is aiming to reach S$100 billion in consumer cross-border flows...
Choppy markets threaten ECB’s ‘good place’ but rates still firmly on hold
The euro zone’s central bank has been on hold since ending a year-long run of rate cuts in JunePublished Thu, Feb 5, 2026 · 09:14 AM[FRANKFURT] The European Central...
Boeing to cut around 300 defence division supply chain jobs
The workforce reduction comes at a time when companies are paring jobs and closely monitoring headcountPublished Thu, Feb 5, 2026 · 08:07 AM[LOS ANGELES] Boeing is eliminating about 300...
Oil prices climb 3% as market awaits US-Iran talks
Opec members Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq export most of their crude via the Strait of Hormuz, mainly to AsiaPublished Thu, Feb 5, 2026...
European stocks close at record high even as tech, healthcare drag
Denmark’s stock index has slid 6.7%, marking its steepest one-day fall since July 2025Published Thu, Feb 5, 2026 · 05:55 AM[BENGALURU] European shares closed at a record high on...
US software stocks hit by Anthropic wake-up call on AI disruption
Published Thu, Feb 5, 2026 · 12:02 AM[NEW YORK] US software stocks extended their slide on Wednesday, driven by fears of disruption caused by artificial intelligence, with some analysts...
Washington Post begins widespread layoffs, sharply shrinking storied newspaper’s reach
The cuts come days after the newspaper scaled back its coverage of the 2026 Winter OlympicsPublished Wed, Feb 4, 2026 · 11:09 PM — Updated Thu, Feb 5, 2026...
Dow edges up as Lilly, Super Micro earnings cushion software jitters
Published Wed, Feb 4, 2026 · 10:42 PM[NEW YORK] The S&P 500 opened largely flat and the Dow marginally higher on Wednesday (Feb 4), following upbeat results from Eli...
New York Times added 1.4 million digital subscribers in 2025
Published Wed, Feb 4, 2026 · 10:37 PM[NEW YORK] The New York Times added 1.4 million digital-only subscribers in 2025, including about 450,000 in the last quarter of the...
Automakers in China roll out longer-term financing plans to spur demand
Customers buying Dongfeng Nissan’s Sylphy Classic model will need to make a daily repayment of as low as 27 yuan over 8 yearsPublished Wed, Feb 4, 2026 · 09:35...
EC World Reit loses appeal over unauthorised mortgage of key Hangzhou property; manager to seek re-trial
The manager says the legal defeat will not require further adjustments to financial statements [SINGAPORE] The manager of EC World Real Estate Investment Trust (Reit) on Wednesday (Feb 4)...
Tesla’s China-made EV sales extend gains despite industry slowdown
Deliveries of Model 3 and Model Y made at Shanghai plant are up 9.3% from a year-ago periodPublished Wed, Feb 4, 2026 · 06:52 PM[BEIJING] Tesla’s China-made electric vehicle...