Lifestyle
US banks see high deposit costs, investment banking boost
US LENDERS’ second-quarter profits were squeezed by dampening loan demand and the high interest they paid to hold on to deposits, but a flurry of bond sales boosted their...
US: Wall Street falls as megacap tech, chip stocks lead sell-off
WALL Street tumbled at the open on Wednesday (Jul 17), with the Nasdaq slumping over 1 per cent as declines in major chip and tech stocks led broad-based losses...
China solar firms ink deals with Saudis for global expansion
TWO major Chinese solar manufacturers will build plants worth US$3 billion in Saudi Arabia, highlighting efforts to globalise their production bases as they face margin pressures at home.
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Trump says Taiwan should pay for defence, sending TSMC stock down
TAIWAN should pay the US for its defence as it does not give the country anything, Republican presidential candidate Donald Trump told Bloomberg Businessweek, sending shares of Taiwanese chip...
Allianz seeks 51% Income Insurance stake in 1.5 billion-euro deal
GERMAN financial services giant Allianz plans to acquire 51 per cent of Singapore-based insurer Income Insurance at S$40.58 per share. The deal amounts to some 1.5 billion euros (S$2.2...
PBOC questions more banks on bond holdings in push to cool rally
CHINA’S central bank started a fresh round of checks on bond investments at banks as it prepares to cool a record-breaking rally, according to sources familiar with the matter.Local...
Singapore shares inch up at Wednesday’s open; STI up 0.1%
SINGAPORE stocks opened slightly stronger on Wednesday (Jul 17), tracking a rally on Wall Street after the Dow and S&P 500 notched fresh records.The Straits Times Index (STI) rose...
Miner BHP hits guidance with record iron ore production
BHP Group’s iron ore output climbed 6 per cent in the three months to the end of June, taking the global mining giant to a record 260 million tonnes...
