News
High Court interprets vital term of Competition Act in case of price-fixing by warehouse operators
‘By object’ under section 34 of the act refers to conduct that has ‘manifest anti-competitive economic rationale’[SINGAPORE] The High Court has defined a vital term of the Competition Act...
KPMG Australia brings in independent chairman after whistleblower allegations prompt leadership exodus
Published Thu, Jul 2, 2026 · 08:48 AM[SYDNEY] KPMG Australia on Thursday (Jul 2) named Michael Ebeid, the former boss of public service broadcaster SBS, as its first independant...
As Trump reports $2.2 billion in 2025 income, ethics experts raise alarms
Ethics experts sounded the alarm Wednesday after new financial disclosure reports revealed that President Trump’s income ballooned to $2.2 billion in 2025, with $1.4 billion coming from various new...
Alibaba, payment firm will pay US$600 million to resolve US probe
Published Thu, Jul 2, 2026 · 06:54 AMCHINESE tech giant Alibaba Group Holding and its US digital payment processor agreed to pay US$600 million to resolve a federal investigation...
Oil falls for a third straight day after US-Iran talks conclude in Doha
The discussions produced ‘positive progress’ on issues related to the US-Iran memorandum, says QatarPublished Thu, Jul 2, 2026 · 06:16 AM — Updated Thu, Jul 2, 2026 · 12:06...
European shares close lower after rally, as concerns over US Fed rates and Iran peace deal linger
The US Fed Chair says policymakers will decide whether to raise interest rates when they begin their next meetingPublished Thu, Jul 2, 2026 · 05:37 AMEUROPEAN shares slipped on...
Meta is building a cloud business to sell excess AI computing power
It will run the data centres and chips that power the models and charge developers to access themPublished Wed, Jul 1, 2026 · 10:58 PMMETA Platforms is developing plans...
Sony to end production of physical PlayStation discs in 2028
The company becomes the first major console maker to fully abandon physical mediaPublished Wed, Jul 1, 2026 · 09:56 PMSONY Group will end production of physical discs for its...
Samudera Shipping acquires DBS property holding company Crest10 for S$21 million
It calls this a chance to own a strategically located commercial premises for its own use and/or for investment[SINGAPORE] Samudera Shipping Line has acquired Crest10, a DBS property holding...
SGX to roll out post-trade custody model, changes to bid mechanics in July, cut board lots in October
Investors will be able to buy single units of instruments priced above S$100 when the change kicks in[SINGAPORE] The Singapore Exchange (SGX) will allow depository agents to hold SGX-listed...
