Leadership
USD weakens against SGD as tariff uncertainty roils markets
[SINGAPORE] The US dollar fell to its weakest point against the Singapore dollar since November 2024, as markets continued to be volatile following continued global trade uncertainty.The greenback has...
Alibaba’s Jack Ma wants AI to serve, not lord over, humans
[BEIJING] Alibaba co-founder Jack Ma, a longstanding advocate for artificial intelligence (AI), warned that AI should not replace humans but work instead to meet their every need.The Chinese billionaire,...
Tariff volatility set to benefit SGX; Macquarie upgrades shares, lifts target price
[SINGAPORE] As tariffs decimate the financials sector, the Singapore Exchange (SGX) is set to position itself as a defensive option with its suite of hedging products, said Macquarie analyst...
Sats JV to upgrade Marina Bay Cruise Centre
[SINGAPORE] Sats announced on Friday (Apr 11) that terminal operator Sats-Creuers Cruise Services (SCCS) will lead refurbishment works for Marina Bay Cruise Centre Singapore (MBCCS).The S$40 million upgrading works...
EU, China will look into setting minimum prices on electric vehicles, EU says
[BERLIN] The European Union and China have agreed to look into setting minimum prices of Chinese-made electric vehicles (EVs) instead of tariffs imposed by the EU last year, a...
Oil settles down over 3% as investors reassess Trump’s tariff flip
OIL prices settled more than US$2 per barrel lower on Thursday, wiping out the last session’s rally, as investors reassessed a planned pause in sweeping US tariffs and focus shifted...
Chinese tea chain Chagee launches US IPO defying stock slump
[NEW YORK] Chagee Holdings, a Chinese bubble tea chain, is seeking to raise US$411 million in an initial public offering (IPO) in the US, despite spiking stock volatility from...
Prada agrees to buy Versace for US$1.38 billion despite tariffs
The purchase, the largest in Prada’s 112-year history, returns Versace to Italian ownership [PARIS] Prada agreed to buy Versace for US$1.38 billion in cash in a deal aimed at...
