Leadership

STI up 0.5% on optimism around lower Fed rates
STI up 0.5% on optimism around lower Fed rates
May 16, 2024
SINGAPORE’S Straits Times Index (STI) rebounded on Thursday (May 16) in tandem with most regional gauges and Wall Street’s overnight rise. The rally was fuelled by a higher possibility...
Norway wealth fund blacklists Adani Ports citing ties to war
Norway wealth fund blacklists Adani Ports citing ties to war
May 16, 2024
Norway’s US$1.7 trillion sovereign wealth fund has decided to exclude Adani Ports & Special Economic Zone from its portfolio, citing “unacceptable” risks that the company is tied to human...
Japan’s Honda raises electrification investment to US billion through FY2030
Japan’s Honda raises electrification investment to US$65 billion through FY2030
May 16, 2024
JAPAN’S Honda Motor pledged to double its electrification and software investment to about US$65 billion over the 10 years running through the 2030 business year, it said on Thursday...
Siemens misses profit forecast as industrial business struggles
Siemens misses profit forecast as industrial business struggles
May 16, 2024
SIEMENS reported a drop in second-quarter earnings at its industrial business, the German engineering group said on Thursday (May 16), after a slowdown at its flagship factory automation division.The...
Eighth money laundering accused, Wang Dehai, expected to plead guilty on Jun 13
Eighth money laundering accused, Wang Dehai, expected to plead guilty on Jun 13
May 16, 2024
CYPRUS passport holder Wang Dehai is expected to plead guilty on Jun 13, court records on Thursday (May 16) show. He is the eighth of 10 foreign nationals embroiled...
Cisco forecasts fourth-quarter revenue above estimates on enterprise demand
Cisco forecasts fourth-quarter revenue above estimates on enterprise demand
May 16, 2024
CISCO Systems forecast fourth-quarter revenue above analysts’ low expectations on Wednesday (May 15) as the network equipment maker benefits from a pick up in enterprise spending and easing supply...
Asia: Markets track Wall Street records after US inflation data
Asia: Markets track Wall Street records after US inflation data
May 16, 2024
ASIAN equities rallied on Thursday after US data showed inflation cooled last month, fuelling speculation that the Federal Reserve will cut interest rates twice this year.The news sent all...
Money laundering accused Su Jianfeng slapped with six new charges for submitting forged documents to OCBC, Maybank
Money laundering accused Su Jianfeng slapped with six new charges for submitting forged documents to OCBC, Maybank
May 16, 2024
SU JIANFENG, one of the 10 foreign nationals embroiled in Singapore’s largest money laundering case, was handed six new forgery and fraud charges on Thursday (May 16).  He allegedly...
Gold prices edge higher as US dollar, yields soften
Gold prices edge higher as US dollar, yields soften
May 16, 2024
GOLD prices edged higher on Thursday (May 16), supported by a softer US dollar and lower Treasury yields after data signalled cooling US inflation, bolstering bets for an interest...
Commodities hit highest in a year, posing new inflation threat
Commodities hit highest in a year, posing new inflation threat
May 16, 2024
A KEY gauge for raw materials prices rose to the highest level in more than a year, throwing a wrench in central banks’ efforts to tamp down inflation.The Bloomberg...