News
Chinese managers take reins at TikTok Shop in US as sales miss goal
[SEATTLE] ByteDance, TikTok’s parent company, has been replacing US-hired staff near Seattle with managers connected to China, aiming to replicate its e-commerce success in Asia after sales fell short...
Meta in talks for scale AI investment that could top US$10 billion
[NEW YORK] Meta Platforms is in talks to make a multibillion-dollar investment into artificial intelligence startup Scale AI, according to people familiar with the matter. The financing could exceed...
Arina East Residences sells 10 out of 107 units at average price S$3,000 psf as booking opens
[SINGAPORE] Freehold development Arina East Residences sold about 9 per cent of its 107 units on Saturday (Jun 7), at an average price of about S$3,000 per square foot.According...
UBS’s US$26 billion capital hit isn’t quite as bad as it seems
THE US$26 billion headline capital charge to protect Swiss taxpayers from the risk that UBS Group ever fails is worse than anyone expected. And yet UBS’s shares jumped as...
Group CEO Ng Chin Siau increases his stake in Q & M
[SINGAPORE] Over the five trading sessions from May 30 to June 5, institutions were marginal net sellers of Singapore stocks, with net institutional outflow of S$32 million compared to...
Keppel DC Reit set to join STI from Jun 23
[SINGAPORE] Following the Straits Times Index’s (STI) June quarterly review, Keppel DC Reit will be entering the index, replacing Jardine Cycle & Carriage, effective from Jun 23. This increases...
Jobs at the Port of Los Angeles are down by half, executive director says
Job opportunities at the Port of Los Angeles are dwindling as President Trump’s steep tariffs take a hit on global trade and a major economic engine for the regional...
Trump says decision on Fed chair will be out soon
Published Sat, Jun 7, 2025 · 08:13 AM[WASHINGTON] President Donald Trump said on Friday that a decision on the next Federal Reserve chair will be coming out soon, adding...
New push in Europe to curb children’s social media use
[LUXEMBOURG] From dangerous diet tips to disinformation, cyberbullying to hate speech, the glut of online content harmful to children grows every day. But several European countries have had enough...
Crude climbs on US jobs report, China talks
[HOUSTON] Crude rose more than US$1 a barrel on Friday, posting its first weekly gain in three weeks after a favourable US jobs report and resumed trade talks between...
