News
US: Wall Street opens slightly lower after weak jobs data; Tesla rises
Published Wed, Jul 2, 2025 · 09:46 PMUS STOCKS opened lower on Wednesday (Jul 2) as surprisingly weak US private jobs data raised concerns about the labour market, while...
STI closes at record high of 4,010.77 as investors seek safe haven
The index closes 0.5% higher while across the broader market, gainers beat decliners 302 to 186 after 1.3 billion securities worth S$1.5 billion were transacted[SINGAPORE] Singapore’s benchmark index reached...
UOB Thailand, Frasers Property team up to help companies expand in Asean
[SINGAPORE] UOB Thailand and Frasers Property Industrial Thailand have signed a strategic memorandum of understanding (MOU) on Wednesday (Jul 2) to jointly promote industrial development and support cross-border business...
GrabCab, Singapore’s newest taxi operator, hits the roads with over 40 cabs to be rolled out in July
[SINGAPORE] Singapore’s sixth and newest taxi operator GrabCab has hit the roads, with over 40 cabs to be rolled out in July, and more cabs expected in the next...
SoftBank’s Ampere deal faces in-depth US probe in threat to AI ambitions
[NEW YORK] SoftBank Group’s US$6.5 billion acquisition of semiconductor designer Ampere Computing is facing a potentially lengthy probe by the US government.The Federal Trade Commission (FTC), one of two...
Major Chinese ports keep Iranian oil flowing despite sanctions
[SINGAPORE] Some of China’s largest ports have received Iranian crude this year, supporting a multi-billion oil trade and highlighting a significant gap in US efforts to curb funds for...
Asia: Markets mixed as trade deal cut-off looms
[HONG KONG] Asian markets swung on Wednesday amid trade war worries after Donald Trump said he would not push back next week’s tariff deadline, with Tokyo taking a hit...
Singapore’s STI hits new high as investors flock to safe havens amid global risks
[SINGAPORE] The Straits Times Index (STI) notched a new record of 4,011.78 points on Wednesday (Jul 2) as Singapore draws a rush of investors seeking safe havens from geopolitical...
Canned-food producer Del Monte Foods files for bankruptcy
The company has both liabilities and assets estimated between US$1 billion and US$10 billionPublished Wed, Jul 2, 2025 · 10:34 AM[NEW YORK] Canned fruit company Del Monte Foods filed...
Del Monte Foods files for bankruptcy; SGX-listed parent has over US$700 million exposure to US unit
[SINGAPORE] Del Monte Pacific (DMP) is expected to take a body blow from the failure of its US unit, as the latter accounts for a big chunk of its...
