News
EU weighs cutting 20 banks from Swift in new Russia sanctions
The European Union (EU) is considering cutting more than 20 banks from Swift, the international payments system, as well as lowering a price cap on Russian oil and banning...
Riverstone and Ho Bee Land chairmen make fresh share purchases
[SINGAPORE] Over the five trading sessions from May 16 to 22, institutions were net sellers of Singapore stocks, with net institutional outflows of S$65 million, adding to net outflows...
AI is changing shopping. Will consumers buy in?
Carolyn Bennett remembers flipping through a yellow telephone book in the 1980s to find carpet stores and workers who refinished wood to help renovate her home.Today, the 67-year-old uses...
Advisory firm Glass Lewis backs Toyota chairman re-election
Akio Toyoda’s position at the automaker has come under scrutiny over governance concernsPublished Sat, May 24, 2025 · 01:15 PM[TOKYO] Advisory firm Glass Lewis has recommended shareholders re-elect Toyota Motor...
Salesforce is back in talks to acquire Informatica
[NEW YORK] Salesforce is in talks to acquire software company Informatica, rebooting a pursuit that fell through last year, sources familiar with the matter said. If a deal is...
Oracle to buy US$40 billion of Nvidia chips for OpenAI’s US data centre: report
[BENGALURU] Oracle will spend around US$40 billion on Nvidia’s higher-performance chips to power OpenAI’s new US data centre, the Financial Times (FT) reported on Friday (May 23).The data centre,...
US Justice Department reaches deal with Boeing to allow planemaker to avoid prosecution
[WASHINGTON] The US Justice Department (DOJ) said on Friday (May 23) it has struck a deal in principle with Boeing to allow it to avoid prosecution in a fraud...
Trump shocks with US Steel-Nippon approval but details elusive
[NEW YORK] US President Donald Trump on Friday (May 23) announced a partnership between United States Steel and Japan’s Nippon Steel, shocking markets with an agreement he said would...
Europe: Stocks close week lower on Trump’s EU, Apple tariff threats
[BENGALURU] European shares closed sharply lower on Friday (May 23) after US President Donald Trump ramped up threats of tariffs on the European Union and smartphone giant Apple, reigniting...
Apple is back in Trump’s crosshairs over where iPhones are made
Apple Chief Executive Tim Cook can’t seem to catch a break.Last month, Apple appeared to secure a major win when the Trump administration agreed to remove tariffs on certain...
