News
Management booted out as Japan’s shareholders flex their muscles in AGMs
[TOKYO] Japan’s annual general meetings in June saw a CEO voted out and an entire board of directors replaced in a sign shareholders are increasingly holding management to account...
Tesla reports lower car sales, extending slump
[NEW YORK] Tesla reported another hefty drop in auto sales on Wednesday, extending a difficult period amid intensifying electric vehicle competition and backlash over CEO Elon Musk’s political activities.The...
Japan’s bond market faces first 30-year sale since issuance cut
[TOKYO] Japan’s auction of 30-year sovereign notes on Thursday (Jul 3) is shaping up as a barometer of policymakers’ success in quelling debt-market turmoil that pushed yields on the...
Tesla sales continue to slide amid competition and backlash against Elon Musk
As Elon Musk scrambles to restore Tesla’s reputation and deliver on promises of autonomous driving technology, vehicle sales for the company continued to fall last quarter.Tesla delivered 384,122 vehicles...
Microsoft to cut about 9,000 jobs amid hefty AI bets
[NEW YORK] Microsoft will lay off nearly 4 per cent of its workforce, or about 9,000 people, the company said on Wednesday (Jul 2), in the latest job cuts...
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...
