News

Australia to boost scrutiny of Big Four accounting firms after wave of scandals
Published Thu, Jul 16, 2026 · 04:04 PM[SYDNEY] Australia on Thursday (Jul 16) announced plans to increase its oversight of the Big Four accounting firms after a series of...
Asian LNG prices hit highest since March as US-Iran hostilities disrupt Hormuz shipping
A prolonged disruption would keep LNG supplies tight, particularly for Asia, where buyers rely heavily on Qatari cargoesPublished Thu, Jul 16, 2026 · 01:39 PMASIAN liquefied natural gas prices...
Macquarie upgrades STI 12-month target to 6,000, names its top picks
[SINGAPORE] Macquarie upgraded its 12-month target for Singapore’s benchmark Straits Times Index (STI) to 6,000, pointing to a “healthy cocktail” of macroeconomic tailwinds, rising domestic interest rates and supportive...
Coal dominance, fiscal constraints to temper South-east Asia’s clean energy boom
But there is also interest in ‘coal flexibility’ schemes, where coal plants complement renewable sources[SINGAPORE] Even as South-east Asia hit a record in renewable energy investments last year, the...
TSMC to invest another US$100 billion in US as Q2 profit blows past forecasts
Published Thu, Jul 16, 2026 · 11:28 AM — Updated Thu, Jul 16, 2026 · 03:20 PM[TAIPEI] TSMC, the world’s main producer of advanced AI chips and a major...
Shut out of China’s mega CXMT IPO, global investors hunt for creative backdoors
Many overseas investors are instead piling into brokers and even crypto derivatives tied to the blockbuster listing Published Thu, Jul 16, 2026 · 10:57 AMGLOBAL investors largely shut out of...
South Korea to halt new listings of single-stock leveraged ETFs
The ban will remain until market conditions stabilise, says the Financial Services Commission on Jul 16Published Thu, Jul 16, 2026 · 10:08 AM — Updated Thu, Jul 16, 2026...
South Korea to announce measures on single-stock leveraged ETFs soon
Measures to address such funds and ensure market stability are being discussed, the nation’s top financial regulator saidPublished Thu, Jul 16, 2026 · 10:08 AM[HONG KONG] South Korea will...
United Airlines warns of nearly US$6 billion fuel hit as oil-price surge weighs on outlook
It priced Q2 adjusted earnings of US$1.99 per share, topping analysts’ estimate of US$1.88Published Thu, Jul 16, 2026 · 09:11 AM[CHICAGO] United Airlines said on Wednesday (Jul 15) it expected nearly...
Gold steadies as soft US inflation, Iran war risks cloud US Fed rate outlook
Trump has pledged to intensify bombardment until Teheran stops attacking ships and opens HormuzPublished Thu, Jul 16, 2026 · 08:30 AM — Updated Thu, Jul 16, 2026 · 12:06...
SpaceX shares briefly slip below IPO price for first time
Published Thu, Jul 16, 2026 · 08:06 AMSPACEX shares slumped to their lowest level since the rocket, satellite, and artificial intelligence company went public, briefly falling below their initial...
Stripe, Advent offer to buy PayPal for more than US$53 billion, sources say
The acquisition would create one of the world’s largest global online payments companiesSTRIPE and private equity firm Advent International have made a joint offer to acquire PayPal for US$60.50 per...