Business
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Volkswagen CEO faces acid test from unions over swingeing job cut plans
The plans will include significant cost reductions, the four plant closures and roughly 50,000 extra job cuts, sources say Published Mon, Jul 6, 2026 · 10:45 PM [LONDON/BERLIN] Volkswagen CEO…
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SK Hynix seeks access to AI investors in US$29 billion Nasdaq listing
THIS week’s US$29 billion US stock-market listing for SK Hynix may be the biggest-ever first-time share sale by a foreign company, but it is not just about raising cash. It…
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SK Hynix is said to weigh 0.5% fee payout in mega ADR offering
Published Sat, Jul 4, 2026 · 04:15 PM [SEOUL] SK Hynix is considering paying about 0.5 per cent of the proceeds from its US listing – one of the largest…
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Boustead healthcare unit acquires majority stake in medtech company via S$6 million equity injection
[SINGAPORE] Boustead Singapore unit Boustead Medical Care Holdings (BMCH) has acquired a 60 per cent stake in a urology robotics company through a S$6 million equity injection, the engineering and…
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Wall St opens higher after June jobs report eases rate-hike bets
Published Thu, Jul 2, 2026 · 09:42 PM [NEW YORK] Wall Street’s main indexes opened higher on Thursday (Jul 2) after a softer-than-expected employment report for June tempered expectations for…
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Koh Brothers Eco Engineering gets in-principle approval to move to SGX mainboard
The proposed transfer is expected to boost group’s visibility, give it access to wider investor base [SINGAPORE] Koh Brothers Eco Engineering has received in-principle approval to transfer its listing from…
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US dollar appreciation leaves Apac with slowest wealth growth in 2025: UBS
Currency effects have dragged the region’s share of global wealth, though it remains a long-term growth driver [SINGAPORE] The Asia-Pacific recorded the slowest growth in personal wealth in 2025, as…
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Simba’s 5G spectrum hurdle may accelerate Singapore’s telco market reset
Regional experience such as in Thailand suggests that consolidation often leads to more disciplined pricing [SINGAPORE] Singapore’s telco sector may be approaching a turning point, as mounting spectrum pressures on…
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Greenback declines for second straight day but set for weekly gain
Published Sun, Jun 28, 2026 · 05:37 PM THE US dollar fell for a second straight session on Friday (Jun 26) as recent economic data and a drop in oil…
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OpenAI defers public rollout of GPT‑5.6 as US seeks early access to frontier AI models
The decision underscores growing concern in Washington over the national security risks posed by powerful AI systems Published Sat, Jun 27, 2026 · 02:58 PM [BENGALURU] OpenAI said on Friday…
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Morgan Stanley sees US$5.5 trillion Asia energy investment boom driven by AI, energy security
The bank projects up to US$9 trillion in investment opportunities; coal and natural gas could make a comeback [SINGAPORE] Asia is on the cusp of a US$5.5 trillion energy investment…
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China to raise refined fuel export allowance in July, sources say
This may ease tight supplies after regional refiners cut output due to crude shortages from the Iran war Published Thu, Jun 25, 2026 · 02:44 PM CHINA will raise the…
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ByteDance seeks US$20 billion in its largest-ever offshore loan
Published Wed, Jun 24, 2026 · 01:15 PM [HONG KONG] ByteDance, the developer of TikTok, is in preliminary talks with banks for a borrowing of about US$20 billion, sources familiar…
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Morgan Stanley plans US$1.3 billion tower for Dallas expansion
The project extends the Texas city’s rise as a financial centre as Wall Street steps up efforts to lure talent in locations outside New York Published Tue, Jun 23, 2026…
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China keeps benchmark lending rates unchanged for 13th month in June
The steady loan prime rates (LPRs) signal authorities are in no rush to ease policy Published Mon, Jun 22, 2026 · 11:07 AM [SHANGHAI] China left benchmark lending rates unchanged…
