Leadership
Singapore stocks end lower even as regional markets rally; STI slips 0.1%
SINGAPORE shares closed lower on Tuesday (May 7), bucking a regional rally and overnight gains in the US. The benchmark Straits Times Index (STI) fell 0.1 per cent or...
China’s CICC may cut investment banking headcount by at least 10% this year
China International Capital Corp (CICC) may reduce its investment banking headcount by at least 10 per cent this year, two people with knowledge of the matter said, as a...
BP profits drop to US$2.7 billion, refinery outage offsets higher output
BP reported on Tuesday (May 7) first-quarter earnings of US$2.7 billion, down 40 per cent from a year earlier and missing forecasts due to lower energy prices and a...
Amazon’s AWS commits extra S$12 billion to boost Singapore cloud infrastructure
AMAZON Web Services (AWS) will commit an extra S$12 billion to its existing Singapore cloud infrastructure over the next four years, doubling its investment in the Republic. The move...
New Thai finance chief wants monetary, fiscal policies aligned
THAILAND’S new Finance Minister Pichai Chunhavajira has urged the central bank to support government policies in sign that he will bat for lower interest rates just like his predecessor,...
Swiss-Asia Financial Services fined S$2.5 million for breaches of anti-money laundering rules
WEALTH and fund management company Swiss-Asia Financial Services (SAFS) was issued a composition penalty of S$2.5 million for breaching the Monetary Authority of Singapore’s (MAS) anti-money laundering and countering...
Singapore-based Princeton Digital gets green loan for US$1.5 billion Asia AI hub
PRINCETON Digital Group secured a US$280 million green loan to help finance a US$1.5 billion data centre it’s building in southern Malaysia, a first for the Asian infrastructure operator...
European oil giants consider shifting their listings to the US
TWO European energy giants, TotalEnergies of France and Shell of Britain, are considering moving their stock listings to New York, as pressure mounts for them to improve their valuations,...
