News
Broadcom gives tepid forecast, missing loftiest expectations
BROADCOM, a chip supplier to companies like Alphabet and Apple, gave a lackluster revenue forecast for the current quarter, suggesting that the AI spending frenzy isn’t as strong as...
Trafigura flags trading headwinds as payouts outstrip profit
TRAFIGURA Group warned that market volatility may not translate to opportunities for its traders, as the commodity giant reported first-half results that showed its dividend payments exceeded net profit. US...
Nasdaq CEO says IPO demand boosted despite tariff worries, banks on Texas boom
[NEW YORK] Exchange operator Nasdaq is holding active talks with companies considering stock market debuts, CEO Adena Friedman said on Thursday, underscoring the US economy’s resilience despite tariff uncertainty...
Soaring demand for Nintendo Switch 2 boosts massive video game market
Benedict Corpuz has always been a “day one” type of person when it comes to fueling his video game habit.Beginning in his high school years, the 45-year-old flight attendant...
Great Eastern plans to delist through higher OCBC-backed bid: Bloomberg
The offer is expected to be fair and reasonable in accordance with Singapore’s listing guidelines[SINGAPORE] Great Eastern is considering options that include a plan to delist via an offer...
StanChart brings maximum interest rate on savings account to record 8.05%
[SINGAPORE] While local banks are dropping their interest rates on savings accounts, Standard Chartered Bank (StanChart) has raised its rates to an all-time high. Its revised interest rates, which...
Singapore shares rise on US rate-cut hopes, softer T-bill yields; STI up 0.4%
UOB economist, reacting to the sluggish retail sales print, expects retail sales to stay tepid this year [SINGAPORE] Local shares rose on Thursday (Jun 5) as softer US hiring...
Procter & Gamble to cut 7,000 jobs over two years in new restructuring plan
[OHIO] Procter & Gamble said on Thursday (Jun 5) it would cut 7,000 jobs, or about 6 per cent, of its total workforce over the next two years, as...
China warns BYD, rivals to self-regulate as price war heats up
[BEIJING] Chinese officials summoned the heads of major electric vehicle makers, including BYD, to Beijing earlier this week to address concerns about the long-running price war, according to people...
Peter Kwee, son and firm sued for over S$71 million over insolvency of Laguna club operator
[SINGAPORE] Motoring tycoon Peter Kwee has been sued – along with his 55-year-old son Kevin and their firm Laguna Hotel Holdings – for allegedly wrongfully and fraudulently extracting and...
Statista, TIA to award Singapore’s Top Fintech Companies for 2026
FOR the first time, Tech in Asia and global market research firm Statista will recognise Singapore’s top fintech companies.The list will include firms across these sectors:
Payments
Neobanking
Alternate finance
Wealth tech
Financial planning
Digital...
