News
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...
Bezos unloads US$737 million of Amazon stock in year’s first sale
[SAN FRANCISCO] Jeff Bezos sold 3.3 million Amazon.com shares in recent days, netting US$736.7 million.The sale, which coincided with his star-studded wedding to Lauren Sanchez in Venice, is part...
Cathay Cineplexes gets S$3.4 million payment demand from landlord of shuttered Jem outlet
[SINGAPORE] Embattled cinema chain Cathay Cineplexes on Tuesday (Jul 1) received a statutory demand from lawyers representing the landlord of its shuttered outlet at Jem shopping mall, asking that...
Hong Kong steps up defence of FX peg as fixed range tested again
[HONG KONG] Hong Kong’s de facto central bank ramped up purchases of the city’s currency as it sought to defend a peg that has been strained by volatility in...
Stocks to watch: Nio, Lendlease Global Commercial Reit, mm2 Asia
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 2): Nio: The electric vehicle maker delivered 24,925 vehicles in June, an...
Tesla’s sluggish sales return to the fore after robotaxi debut
[AUSTIN] Tesla’s rally off the back of launching a limited driverless taxi service is about to be tested by what analysts expect will be another downbeat quarterly sales report.The...
Biggest US banks hike dividends, announce share buybacks after acing stress tests
[NEW YORK] US banking giants announced plans on Tuesday to raise their third-quarter dividends after clearing the Federal Reserve’s annual health check last week. The moves come after the lenders...
