News

US: Stocks mixed as traders shake off tariff uncertainty
[NEW YORK] US stocks shook off some early gloom about Donald Trump’s imminent tariff announcement to close mixed on Monday, with the S&P 500 bouncing into positive territory from a six-month...
DBS, UOB, OCBC chiefs’ salary packages still lag global peers
The trio of local banks on the STI are smaller in terms of revenue, but appear to be making their money work harder[SINGAPORE] Piyush Gupta, who on Mar 28...
US: Wall Street opens sharply lower on tariff worries
[NEW YORK] US stock indexes opened sharply lower on Monday (Mar 31) as investors shied away from risky assets on mounting concerns that the Trump administration’s upcoming announcement of...
Germany’s DHL to acquire US pharma logistics firm Cryopdp
This is part of the German company’s efforts to grow its operations in the pharma sector[DUSSELDORF, Germany] DHL said on Monday (Mar 31) it will acquire US pharmaceutical logistics...
Want to be bossed around by an algorithm? Try L.A.’s ‘first full-scale AI powered gym’
The genius knows all. It knows my height, my weight, my hydration, my cardio stamina — even, regrettably, my body’s visceral fat percentage. I’m standing on a bioelectrical impedance...
ECB’s Lagarde says keeping inflation in check is a ‘constant battle’
[PARIS] President Christine Lagarde said that the European Central Bank can’t relent on inflation, with the US administration’s trade policy creating uncertainty.“It is a daily struggle,” she told France...
Japan’s Nikkei closes near 8-month low on US tariff jitters
[TOKYO] Japan’s Nikkei share average closed near an eight-month low on Monday (Mar 31), following sharp losses on Wall Street in the previous session, as investors assessed the risk...
Stocks slide; bonds, gold buoyed as tariffs stoke recession fears
[LONDON] Major global share markets fell sharply on Monday (Mar 31) and gold surged to another new record after US President Donald Trump said tariffs would essentially cover all...
UBS expands wealth service to target Australia’s mining capital
[SYDNEY] UBS Group promoted Tim Clemenger to be its first client adviser for wealth management based in Perth, the Swiss bank’s latest move to attract more rich Australians.Clemenger will...
Seoul overtakes Paris in beauty boom with dealmakers rushing in
[SEOUL] As South Korean cosmetics gain popularity in the US, the world’s biggest market for beauty products, personal care startups in the east Asian country are seeing a surge...
Sinarmas Land minorities should be incensed by lowball offer from its controlling shareholder
The deal comes only a few months after a key unit of the group acquired a property company from Top Global at a premium to NAV[SINGAPORE] Lowball offers are...
Yangzijiang Financial places S$139.3 million in treasury shares for maritime investments 
It says this is in line with its strategy to capitalise on industry tailwinds driven by increasing decarbonisation[SINGAPORE] Yangzijiang Financial has raised net cash proceeds of S$139.3 million through...