News
DBS, OCBC hit new records but UOB lags
The new records follow DBS’ appointment by the Chinese central bank to be the first local bank to serve as a yuan clearing lender[SINGAPORE] Shares of two local banks,...
Stock investing in 2026 demands diversification, active approach amid AI boom, geopolitical risks
Markets across Asia are likely to benefit from recent Fed rate cuts as well as a weaker US dollar[SINGAPORE] Diversification and active management are likely to become more important...
ExxonMobil’s latest Singapore facility signals that innovation can continue amid global challenges: DPM Gan
The move comes even as the company is set to lay off 10 to 15% of its Singapore workforce by end-2027[SINGAPORE] A new facility set up by oil giant...
JPMorgan lets rich European clients borrow against luxury cars
The Wall Street giant’s private bank will give clients the option of borrowing against classic, rare or custom-designed automobiles[LONDON] JPMorgan Chase is expanding its lending services to the wealthy...
IndiGo chaos unmasks fragility of India’s aviation market
The crisis that has engulfed the airline, and led to more than 580,000 passengers being stranded[NEW DELHI] In a matter of days, the reputation of India’s biggest airline was...
Elon Musk’s fortune soars above US$600 billion on new SpaceX valuation
The company is the biggest player in the orbital launch industry with its Falcon 9 rockets[NEW YORK] Elon Musk’s wealth has reached a new high, topping US$600 billion for...
Ford scales back EV ambitions, forecasts US$19.5 billion write-down
The company will focus on a family of smaller, affordable electric vehicles insteadFORD on Monday announced a major retreat from large electric vehicles, planning a write-off of about US$19.5...
Oil prices fall as supply outlook offsets disruptions in Venezuelan flows
[DENVER] Oil prices slid on Monday as investors balanced disruptions linked to escalating US-Venezuelan tensions with oversupply concerns and the impact of a potential Russia-Ukraine peace deal.Brent crude futures settled down...
LTA awards over S$300 million in contracts for 660 electric buses, including to BYD
[SINGAPORE] The Land Transport Authority (LTA) has awarded six contracts for 660 new electric buses, which will be progressively deployed for passenger service from end-2026, it said on Monday...
Interest in money market funds in Singapore falls 44% quarter on quarter to S$1.5 billion in Q3: Morningstar
[SINGAPORE] Singaporean investor interest in money market funds waned in the third quarter of 2025, with net inflows of S$1.5 billion, down 44 per cent from the S$2.7 billion...
