Lifestyle

China mulling probe into Apple’s app store fees, practices, Bloomberg News reports
China mulling probe into Apple’s app store fees, practices, Bloomberg News reports
February 5, 2025
CHINA’S antitrust regulator is preparing for a possible investigation into Apple’s policies and app store fees, Bloomberg News reported on Wednesday (Feb 5), citing people familiar with the matter. The...
GSK plans £2 billion share buyback, boosts long-term outlook
GSK plans £2 billion share buyback, boosts long-term outlook
February 5, 2025
The buyback comes after GSK saw earnings per share, excluding some items, at 23.2 pence in the fourth quarterGSK plans to buy back £2 billion (S$3.4 billion) of shares...
Investors eye more share buybacks, special dividends as DBS, OCBC, UOB release Q4 earnings
Investors eye more share buybacks, special dividends as DBS, OCBC, UOB release Q4 earnings
February 5, 2025
The local banking trio are due to report their fourth quarter and full year 2024 results in FebruaryINVESTORS are keenly watching the capital management plans of the Singapore banks,...
Philippine central bank to take ‘measured approach’ in easing as inflation steadies
Philippine central bank to take ‘measured approach’ in easing as inflation steadies
February 5, 2025
THE Philippine central bank will take a “measured approach” in easing policy rates, it said on Wednesday (Feb 5), as annual inflation held steady at 2.9 per cent in...
Coinbase urges US regulators to clear path for banks to offer crypto services
Coinbase urges US regulators to clear path for banks to offer crypto services
February 5, 2025
The administration is expected to reshape US policy on digital currency, but US bankers have so far remained cautious on cryptocurrenciesCOINBASE Global on Tuesday (Feb 4) renewed its call...
Gold hits record high as China-US tariff war drives safe-haven demand
Gold hits record high as China-US tariff war drives safe-haven demand
February 5, 2025
GOLD prices touched an all-time-high on Wednesday (Feb 5), underpinned by safe-haven demand after China responded to US tariffs, which were initially imposed by President Donald Trump on the...
Singapore shares down on tariffs drag; STI dips 0.2%
Singapore shares down on tariffs drag; STI dips 0.2%
February 5, 2025
SINGAPORE shares closed lower for the third consecutive day on Wednesday (Feb 5), after US President Donald Trump announced tariffs on China – the world’s second-largest economy and a...
GM’s Cruise to cut 1,000 jobs as robotaxi service shuts down
GM’s Cruise to cut 1,000 jobs as robotaxi service shuts down
February 5, 2025
GENERAL Motors (GM) is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo and sources familiar with the matter, part of...
Bank of Japan’s rate likely to go higher than consensus, ex-official says
Bank of Japan’s rate likely to go higher than consensus, ex-official says
February 4, 2025
THE Bank of Japan (BOJ) is likely to keep raising its benchmark rate to a level exceeding the current market consensus, and there’s a chance two more moves could...
China tariffs on US oil come as exports have slumped from peak
China tariffs on US oil come as exports have slumped from peak
February 4, 2025
THE first round of Chinese sanctions to hit US oil were received with a whimper, and traders are speculating that the move is unlikely to rattle American exports of...