News
Evonik to cut 3,200 jobs worldwide by 2029, as it extends restructuring programme
Published Thu, Jun 18, 2026 · 04:44 PMEVONIK Industries will cut 3,200 jobs worldwide by the end of 2029, including 2,150 positions in Germany, the German chemicals group said...
Indonesia central bank raises policy rates again to support rupiah
It raised the seven-day reverse repurchase rate to 5.75 per cent, the highest level since May 2025Published Thu, Jun 18, 2026 · 03:45 PM — Updated Thu, Jun 18,...
Nikkei gauge crosses 71,000 on US-Iran peace deal
Published Thu, Jun 18, 2026 · 03:43 PM[TOKYO] Japan’s Nikkei share gauge surged past key 71,000 level for the first time on Thursday (Jun 18) after the United States...
Trump says Apple to partner with Intel on US chip design, production
The partnership helps Apple to diversify its manufacturing base as it seeks additional chip capacityPublished Thu, Jun 18, 2026 · 03:03 PM[WASHINGTON] US President Donald Trump said in a...
Asian refiners brace for surge in Persian Gulf oil after US-Iran ceasefire agreement
Published Thu, Jun 18, 2026 · 01:56 PM[SINGAPORE] An impending wave of oil that’s been trapped inside the Strait of Hormuz is set to be unleashed on Asia, suddenly...
Hormuz oil flows may recover to only 70% after Iran war: Goldman
Published Thu, Jun 18, 2026 · 12:55 PMOIL flows going through the Strait of Hormuz may recover to only about 70 per cent of their prewar level, according to...
Indonesia, Philippines set to hike rates as caution prevails
Published Thu, Jun 18, 2026 · 11:33 AMTWO of Asia’s beleaguered central banks are poised to tighten monetary policy further, staying on guard in case inflation and currency risks...
Hillhouse seeks US$600 million loan to fund data centre operator DayOne investment: sources
The move highlights the massive funding financial institutions must provide for DayOne’s global expansionPublished Thu, Jun 18, 2026 · 10:08 AM[SINGAPORE] Asset manager Hillhouse Investment is in talks with...
Singapore’s Carro enters Australia market with acquisition of used-car platform CarPlace
[SINGAPORE] Online automotive marketplace Carro said on Thursday (Jun 18) that it has acquired Australian used-car platform CarPlace.The Singapore-headquartered company did not disclose the size of its stake in...
Palm oil stocks set to surge as Indonesia said to be scaling back export overhaul: analysts
Brokerages, including UOBKH and RHB, are moving to upgrade battered plantation stocks across the board[SINGAPORE] Indonesian palm oil equities are positioned for a dramatic and rapid reversal following a...
