News
Future-proofing accountants in an AI-driven world
Far from replacing accountants, artificial intelligence is creating opportunities for the profession to evolve into more strategic, analytical, and trusted advisory rolesARTIFICIAL intelligence (AI) is rapidly transforming the global...
US: Wall Street retreats from record closing highs as economic worries mount
Bitcoin-related stocks have reversed on Monday’s gains as the cryptocurrency backed away from record highs [NEW YORK] US stocks closed lower on Tuesday (Oct 7) as investors, deprived of...
Mercedes posts worst quarterly China sales since 2016 as demand crisis deepens
[FRANKFURT] Mercedes-Benz Group’s China sales tumbled 27 per cent in the third quarter to their lowest level in almost a decade as luxury demand in the country remains weak...
StarHub prices S$200 million perpetual securities at 3.35%
Net proceeds from the issue will be used to finance the group’s general corporate funding requirements and investments[SINGAPORE] StarHub has priced S$200 million in subordinated perpetual securities at 3.35...
Yen, euro extend slide against US dollar as politics calls the shots
[LONDON] Political developments drove currency markets again on Tuesday (Oct 7) with the yen falling to a two-month low after Sanae Takaichi’s leadership victory in Japan, while the euro...
Stablecoins could suck US$1 trillion from emerging markets banks in next three years: Standard Chartered
[LONDON] The boom in US dollar-backed stablecoins, helped by President Donald Trump’s crypto policies, could suck US$1 trillion worth of deposits out of emerging economy banks in the next...
Singapore shares continue to rally; STI up 1.1%
[SINGAPORE] Singapore shares closed higher on Tuesday (Oct 7), buoyed by local bank DBS’ continued rally. The benchmark Straits Times Index (STI) rose 1.1 per cent or 50.55 points...
BHP sharpens Asia focus; bets on copper, potash over rare earths
Asia’s demand resilience underscores the mining giant’s commitment to the region[SINGAPORE] BHP is doubling down on Asia as the centre of gravity for global commodity demand, while placing long-term...
Envy’s ex-directors seek bankruptcy after being found liable for breach of duties in nickel trading fraud
Judicial Commissioner Mohamed Faizal finds that Lee Si Ye and Ju Xiao breached their duties as directors of Envy group of companies[SINGAPORE] A director of the insolvent Envy group...
Are you affected by tariffs? Here’s how the Business Adaptation Grant can help you
Singapore companies affected by tariffs can tap the new Business Adaptation Grant (BizAdapt) to defray costs related to adapting their business operations and strengthening supply chain resilience.The grant supports...
