News
California hammered as national job cuts jump to a five-year high
Job cuts across the country are the highest they have been in five years, led by layoffs in California and cutbacks in Washington.California employers announced 173,022 job cuts from...
CapitaLand Ascott Trust, Sheng Siong Group to replace Olam Group, Yangzijiang Financial on STI reserve list
[SINGAPORE] Hospitality player CapitaLand Ascott Trust and supermarket chain operator Sheng Siong Group will be joining the Straits Times Index’s (STI) reserve list, following the December quarterly review.They will...
STI slips 0.4% amid fears of US economy slowdown
Across the broader market, decliners edge out gainers 259 to 256 after nearly 1.6 billion securities worth S$1.3 billion change hands[SINGAPORE] The city-state’s benchmark index closed lower on Thursday...
Hepmil founders chose Publicis acquisition over fresh funding round, citing M&A risks
Karl Mak, the startup’s CEO and co-founder, says the team was not confident of executing its own M&A deals[SINGAPORE] While planning for its next phase of growth in the...
Rio Tinto outlines plan to cut costs, raise productivity at strategy day
[MELBOURNE] Rio Tinto CEO Simon Trott outlined a plan to focus on cost cuts and productivity gains at his first strategy day on Thursday (Dec 4) as he undertakes...
Data centres are expensive. Reits are ‘powerful tools’ to raise capital – and Singapore benefits
[SINGAPORE] Data centres are expensive - to construct and to operate, as they are also power-guzzling.Amid the AI boom, as demand from hyperscalers for computing power drive up the...
Trump wants Asia’s ‘cute’ Kei cars to be made and sold in US
The ultra-compact cars are tailored to narrow roads with an affordable price tag to match their size[TOKYO] US President Donald Trump, apparently enamoured by the pint-sized Kei cars he...
Asian markets stumble as traders struggle to hold Fed cut rally
Bets on a US reduction on Wednesday have surged to around 90% in the past two weeks[HONG KONG] Asian markets struggled to maintain their early momentum on Thursday (Dec...
Ship rates spiking 467% marks upended trade across commodities
Freight rates have eased slightly from a peak at the end of November, but elevated costs are reverberating across the shipping market[HONG KONG] Rates to ship commodities from energy...
M&A boom fuels record decline in Japan’s listed companies
The country is mirroring the decline in listings in developed markets that has been going on for decades[TOKYO] Japan has nearly as many listed companies as the US, with...
