News
Standard Chartered cuts jobs in Singapore; moves them to India: Finance jobs portal
[SINGAPORE] Dozens of staff at Standard Chartered have reportedly been laid off in Singapore in a fresh round of job cuts by the London-based bank.The move affected about 80...
Malaysia FX reserves at three-year high to aid ringgit stability
[KUALA LUMPUR] Malaysia’s increasing currency reserves are bolstering its defences against market volatility.The country’s net foreign exchange (FX) reserves rose to US$94.7 billion at the end of April, according...
Fidelity, BlackRock target Chinese demand for offshore funds
[HONG KONG] Fidelity International is poised to offer products that attract mainland investors chasing higher returns from overseas funds, according to sources familiar with the matter.The global asset manager...
COE woes: When emotions get in the way of efficiency
SINGAPORE’S policymakers have always had an eye on efficiency. But efficiency may not be a convincing aim for citizens – as seen, for instance, with the perennial hot topic...
Europe: Shares fall as Middle East tensions weigh; eyes on Fed decision
EUROPEAN shares declined on Wednesday as investors awaited the Federal Reserve’s monetary policy decision, with ongoing tensions in the Middle East adding to market uncertainty.The pan-European Stoxx 600 index closed 0.36...
Microsoft planning thousands more job cuts aimed at salespeople
Published Thu, Jun 19, 2025 · 06:12 AM[NEW YORK] Microsoft is planning to cut thousands of jobs, particularly in sales, as part of the company’s latest move to trim...
Sats prices US$100 million in fixed-rate notes at 4.648%
[SINGAPORE] In-flight caterer and ground handler Sats on Wednesday (Jun 18) priced US$100 million in fixed-rate notes due Jun 23, 2030, at 4.648 per cent.The Series 003 notes will...
Want to invest in nuclear energy? DBS cites opportunities in mining, utilities stocks
[SINGAPORE] As global interest in nuclear energy surges, investors can gain exposure to the sector by betting on physical uranium or miners, utilities companies and reactor manufacturers, said DBS...
Malaysia to build 50% more gas-fired power capacity to meet data centre demand
[KUALA LUMPUR] Malaysia is expected to add 6-8 gigawatts of gas-fired power by 2030 to address growing electricity consumption driven by demand from data centres, an industry official said.The...
Waymo expands service area in Los Angeles and San Francisco
Waymo, the autonomous taxi company that’s offered rides in Los Angeles since November, is expanding its service area in the city.Starting Wednesday, the driverless taxis will roam more than...
