News
Explaining California’s billionaire tax: The proposals, the backlash and the exodus
The battle over a new tax on California’s billionaires is set to heat up in the coming months as citizens spar over whether the state should squeeze its ultra-rich...
Gold, silver hit fresh highs as Trump’s Greenland tariffs rattle European markets
[SINGAPORE] Gold and silver scaled new all-time highs on Monday (Jan 19), as investors continued to pour money into safe-haven assets following the Trump administration’s latest tariff salvo –...
L.A.’s defense industry is booming. Federal funding crunch could change that
When former Space X engineer Josh Giegel launched his North Hollywood tech company Gambit in 2023, he had a vision for the battlefield of the future, one with fewer...
Singapore stocks fall amid heightened geopolitical tensions; STI down 0.3%
Across the broader market, losers outnumber gainers 319 to 250 after two billion securities worth S$1.3 billion change hands[SINGAPORE] Singapore stocks ended lower on Monday (Jan 19) amid heightened...
From Changi vaults to Asian markets, silver rallies even as caution grows
Heavy investor buying has pushed the metal into a persistent supply deficit despite softening industrial and jewellery demand [SINGAPORE] From bullion vaults in Changi to trading desks across Asia,...
Thailand approves US$2 billion PCB manufacturing investment by joint venture
[BANGKOK] Thailand’s investment board said on Monday (Jan 19) it had approved an investment worth US$2.08 billion by a joint venture led by Taiwan’s Zhen Ding Technology, the world’s...
India’s central bank proposes linking Brics’ digital currencies: sources
US President Donald Trump has previously said the bloc alliance is “anti-American” and he threatened to impose tariffs on its members[MUMBAI/NEW DELHI] India’s central bank has proposed that Brics...
Britain eases rules for companies to raise funds
[LONDON] Britain’s revamped framework for raising capital came into force on Monday, aiming to make it easier and cheaper for listed and private companies to secure funds as it...
CGSI downgrades DBS to ‘hold’ on ‘muted’ Q4 performance forecast; S$60.50 target price unchanged
FY2026 could post a larger-than-expected drop in earnings due to downside risks, says CGSI [SINGAPORE] CGS International (CGSI) has downgraded its call on DBS to “hold” from “add”, citing...
Sunway’s RM11 billion IJM bid questioned over Bumiputera rights
Sunway is largely controlled by Malaysian tycoon Jeffrey Cheah Fook Ling, who is ethnic Chinese[KUALA LUMPUR] Sunway’s proposed RM11 billion (S$3.5 billion) takeover of IJM is drawing political scrutiny...
