Leadership
Asia: Markets retreat after tech losses hobble Wall Street
ASIAN markets mostly fell on Friday following a broadly negative lead from Wall Street, where tech giants led a sell-off on profit-taking, while traders are on intervention watch as...
Singapore shares edge up at Friday’s open; STI up 0.2%
SINGAPORE equities began trading in positive territory on Friday (Jun 21), mirroring overnight gains in Europe.
As at 9.01 am, the Straits Times Index (STI) opened 0.2 per cent...
American Airlines’ flight attendants prepare to strike
A UNION representing flight attendants for American Airlines Group said on Thursday they are preparing to strike after contract negotiations with the carrier failed to produce an agreement this...
SingPost appoints financial adviser for strategic review of Australia business
This is part of the national postal service provider’s plans to achieve scale in the countrySINGAPORE Post (SingPost) announced on Friday (Jun 21) its appointment of Merrill Lynch Markets...
Yen’s six-day slump highlights risk of Japan intervention
THE yen capped its longest losing streak since March and closed at a 34-year low, ramping up the risk that Japanese officials will once again step in to prop...
Oil prices rise on US crude draw; jobs data feeds rate cut hopes
OIL futures climbed on Thursday after the US Energy Information Administration (EIA) reported a draw on crude oil and data showing a cooling jobs market that stoked hopes the...
Nestle, Coke take cautious approach to catering to Ozempic users
NESTLE’S new food brand for people taking weight-loss drugs like Wegovy will note that the meals are high in protein, fibre and nutrients, but will not name the blockbuster...
Biden to ban US sales of Kaspersky software over ties to Russia: source
THE Biden administration on Thursday (Jun 20) will announce plans to bar the sale of Kaspersky Lab’s antivirus software in the United States, a person familiar with the matter...
US: S&P 500, Nasdaq open higher on Nvidia boost
The S&P 500 and the Nasdaq opened higher on Thursday (Jun 20), propelled by a rally in Nvidia, while investors assessed the recent batch of economic data and commentary...
China says EU mandated its EV firms turn over ‘unprecedented’ amounts of data
THE European Commission sought an unprecedented amount of detailed information on Chinese automakers’ supply chains during its investigation into the country’s subsidised electric vehicle imports, China’s commerce ministry said...