News

UBS closes China fund sales unit as domestic competition proves too much
The bank has struggled to grow WE.UBS, its digital wealth management platform tied to the businessPublished Thu, Sep 10, 2026 · 03:02 PM[SHANGHAI/HONG KONG] UBS will shut its Chinese...
Singapore-Sydney route gets sixth airline as EgyptAir enters market
The move adds to a recent capacity surge on the route, but incumbents SIA and Qantas will likely be insulated[SINGAPORE] The Singapore-Sydney air corridor is set to gain a...
Singapore’s Aster plans to raise naphtha cracker utilisation, executive says
It has run its naphtha-fed cracker at a rate ranging from 75% to 80% in the last five monthsPublished Thu, Sep 10, 2026 · 01:19 PM[SINGAPORE] Singapore’s Aster Chemicals...
Payment firms to co-develop framework to recognise AI agents that purchase on users’ behalf
This comes as the industry prepares for the growth of agentic global consumer commercePublished Thu, Sep 10, 2026 · 12:10 PM[BENGALURU] Ant International, Mastercard and Visa have launched an...
Jefferies fund wins Singapore asset freeze against Radiant World
Earlier, it won of a worldwide freezing order against the same defendants in London’s High CourtPublished Thu, Sep 10, 2026 · 11:12 AM[NEW YORK] A fund run by Jefferies...
Samsung, SK Hynix payouts test South Korea’s reform drive as investors seek more
Unlike other indices, the Kospi trades at just 4.3 times of expected 2027 earningsPublished Thu, Sep 10, 2026 · 10:15 AM[SINGAPORE/SEOUL] Eye-popping shareholder-return plans from Samsung Electronics and SK...
Stocks to watch: DBS, Sembcorp, Kore US Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Sep 10): DBS : The local bank on Wednesday said it “categorically rejects”...
ECB set to hike as Iran war fuels fresh inflation fears
Published Thu, Sep 10, 2026 · 07:13 AM[FRANKFURT] The European Central Bank looks set to raise interest rates on Thursday (Sep 10) for the second time this year, seeking...
Apple joins foldable phone race with US$1,999 passport-shaped iPhone Duo
[CUPERTINO, California] Apple on Wednesday (Sep 9) redefined its flagship smartphone with the launch of the Duo, a folding US$1,999 iPhone, betting its design and promises of data privacy will let...
Oil hits US$105 as Middle East flareup heightens supply worries
Published Thu, Sep 10, 2026 · 06:07 AM — Updated Thu, Sep 10, 2026 · 10:22 PMBRENT oil spiked to US$105 a barrel as rising tensions in the Middle...
Khaw Boon Wan to step down as SPH Media Trust chairman
He will hand the role to Chan Yeng Kit, who will continue as CEO; changes are set to take effect from Oct 1[SINGAPORE] SPH Media Trust (SMT) chairman Khaw...
Barclays lifts S&P 500 index’s year-end target to 7,950 on strong earnings 
Published Wed, Sep 9, 2026 · 11:10 PM[LONDON] Barclays raised its year-end target for the benchmark S&P 500 index to 7,950 from 7,800 on Wednesday (Sep 9), following a...