Leadership
Yuan hits strongest in more than a year as flows offset fundamentals
THE Chinese currency extended a recent advance to levels unseen in more than a year, as traders mulled signs of corporate buying amid broad US dollar weakness.The offshore yuan...
DBS consumer banking head Jeremy Soo to succeed UOB’s Susan Hwee as Nets chair
NETWORK for Electronic Transers (Nets) has appointed Jeremy Soo, DBS’ head of consumer banking and managing director, as its chairman, effective Sunday (Sep 1).He succeeds UOB’s Susan Hwee, who...
Singapore shares open higher on Friday; STI up 0.4%
SINGAPORE shares rose on Friday (Aug 30) morning, after US indices were mixed and Europe’s main stock index closed higher overnight. The Straits Times Index (STI) was up 13.54...
Stocks to watch: SIA, GuocoLand, Tan Chong International, Cordlife, IHH Healthcare
THE following companies saw new developments that may affect trading of their securities on Friday (Aug 30):
Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin
ELON Musk and his electric vehicle company Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping the cryptocurrency dogecoin and conducting insider trading,...
US: Stocks close mixed but Dow hits new record
WALL Street had a mixed showing on Thursday with the Dow reaching a fresh record after economic data indicating stronger second quarter GDP growth than initially estimated.The Dow Jones...
Shell plans wide cuts in oil exploration division, sources say
Shell plans to scale back its oil and gas exploration and development workforce by 20 per cent as CEO Wael Sawan widens his cost-saving drive to the highly profitable...
Tan Chong sinks into the red in H1 with HK$35.9 million net loss
AUTO dealer Tan Chong International posted a net loss of HK$35.9 million (S$6 million) for the first half of its 2024 fiscal year ended Jun 30 – a reversal...
