Business - International Business Weekly

Stamford Land unit is being sued over alleged defects in Sydney project

The claims involve alleged deficiencies in the design and construction of Macquarie Park Village [SINGAPORE] Stamford Land on Friday (Jan 16) announced that its wholly owned subsidiary HSH Hotels (Australia)…

S&P 500, Nasdaq open higher as chip stocks extend rally

[NEW YORK] The S&P 500 and the Nasdaq opened stronger on Friday (Jan 16) as chipmakers returned to the driver’s seat in a volatile week that also marked the start…

JPMorgan eclipses Dimensional as world’s biggest active ETF firm

The bank’s asset management arm currently controls nearly US$257 billion in active ETFs worldwide [NEW YORK] JPMorgan Asset Management has a new superlative: The firm now hails as the world’s…

Mitsubishi to buy Texas, Louisiana shale gas assets for US$7.5 billion

This will give it a substantial natural gas operation near the US Gulf Coast and the energy export facilities developed there [TOKYO] Japanese trading house Mitsubishi will buy the US…

Porsche sales slump most in 16 years on poor China demand

Its sales are down 26% as the nation’s economic slowdown hit consumers across all income brackets [BERLIN] Porsche’s deliveries fell 10 per cent last year, following weak demand for electric…

About 30 SGX listcos show early interest in Value Unlock programme to lift valuations

Market participants say weak disclosure and poor investor engagement often drive mispricing on the exchange – gaps the initiative aims to close [SINGAPORE] Around 30 Singapore Exchange (SGX)-listed companies have…

Intel extends comeback as investors bet on foundry growth

The stock is up 31% to start 2026, the third-best performance in the S&P 500 Index [NEW YORK] Intel’s dramatic rally to start the year shows investors are increasingly optimistic…

Foreigners sell Asian equities in December on worries over valuations

They have sold local stocks worth US$1.2 billion in India, Taiwan, South Korea, Thailand, Indonesia, Vietnam and the Philippines [BENGALURU] Foreign investors net sold Asian equities in December, on lingering…

SIA, Air India ink pact for commercial cooperation

The airlines are exploring ways to enhance privileges beyond the current Star Alliance and KrisFlyer programmes [SINGAPORE] Singapore Airlines (SIA) has signed a commercial cooperation framework agreement with Air India…

Bank of Japan says sales of its ETF holdings to start next week

[TOKYO] The Bank of Japan said it will start selling its holdings of exchange-traded funds on Monday (Jan 19), a project that may take more than a century if it…

Jeffersonville Man Accused of Child Molestation Found Dead with Self-Inflicted Gunshot Wound

A suspect in a child molestation case shot himself dead while Jeffersonville police officers attempted to execute a search warrant on Thursday. The Jefferson Police Department received a report of…

Singapore stocks rise amid mixed Asian performance; STI up 0.3%

Across the broader market, advancers beat decliners 307 to 261 after 1.4 billion shares worth S$1.5 billion change hands [SINGAPORE] The Straits Times Index (STI) rose 0.3 per cent or…

Asean agrees on guidelines for quicker subsea cable fixes

They will update the existing 2019 guidelines with international best practices, while also harmonising repair protocols [SINGAPORE] Asean nations have moved to standardise the maintenance of the region’s subsea cables,…

Indian Man Brags About Catching Cobra, Dies After Being Bitten Thrice [VIDEO]

A tragic incident took place in the Indian state of Uttar Pradesh when a man who was bragging about catching a cobra was bitten by the snake thrice, killing him.…

Rio Tinto-Glencore merger may need asset sales to win over China

China’s antitrust regulator is likely to be concerned about a combined entity’s concentration in copper production and marketing [BEIJING/MELBOURNE] The proposed tie-up between Rio Tinto and Glencore could require asset…