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News from Singapore
AI drama frenzy sends Chinese broadcaster Mango’s shares soaring 64%
The rally was sparked by The Later Journey To The West, China’s first fully AI-generated long-form TV drama.
China’s renminbi hits 3½-year high as yen’s strength weighs on US dollar
China’s renminbi inched higher to a fresh 3-½-year high against the US dollar on Sept 3.
CapitaLand Investment retrenches 90 Singapore staff in 2026 as part of restructuring
The number makes up about 4 per cent of the listed company's 2,200-strong Singapore workforce.
High Court rejects US$5m claim against Babel Finance co-founder over crypto fund collapse
Parastate Labs' investment was wiped out during a mass liquidation of Babel's trading accounts in 2022
Yen traders brace for holiday intervention risk around Bank of Japan
The country has spent a record US$96.4 billion over the past month to support the yen
ByteDance gets $37.6b loan, Asia’s second-largest in 2026
This is Asia’s second-largest dollar-denominated borrowing in 2026.
Hongkong Land eyes billion-dollar property deals, Blackstone asset amid Japan push
Entering the country is a key step in parent Jardine Matheson’s pivot to become a portfolio manager
Shares, bonds rally as markets await Fed signals; yen jumps
The market’s immediate focus is the pivotal US payrolls report on Sept 4.
Pension investor IFM sets up Singapore office to deploy private debt capital in Asia
The Australia-based firm plans to utilise up to US$300 million in funds out of the new office
SK Hynix, other chip stocks climb as Asian equities advance
MSCI’s Asia-Pacific equities gauge rises 1.1%, rebounding from the prior session’s sell-off
UBS opens institutional fund strategies to Asia’s wealthy – with US$5 million buy-in
The Swiss bank is wooing family offices and the ultra-rich with exclusive strategies and deeper portfolio anal…
Dollar debasement is favouring Singapore’s currency, analysts say
The Singapore dollar is tracking the US currency in an inverse direction more closely than any other in Asia.
Gold holds gain as Trump’s war comments ease inflation jitters
Renewed Iran war fighting has rekindled fears of a war that fuels inflation, a headwind for bullion
US Fed says ‘positive’ economic outlook facing heightened uncertainty
Economic activity nationwide increased “modestly” since early July.
Microsoft reveals Azure cloud sales in financial reporting shift
Its Azure sales trail Amazon’s US$42.2b quarterly cloud sales but exceed Google’s US$24.8b in the same period.
Singtel leads August buybacks with S$55.6 million purchase of nearly 13 million shares
In first eight months of the year, telco’s S$948 million buybacks account for half the market total
Oil edges down as investors weigh uncertainty over US-Iran strikes
Prices retreat on tentative signs of the latest flare-up easing
Meet the humans behind ‘Wendy and Wayne’, OCBC’s wealth avatars
Terissa Chang and Ethan Peh are both OCBC employees and former cabin crew.
European shares hit by rising bond yields, energy-driven inflation concerns
The retail sector fell 2.3%
US stocks: Wall Street ends higher as stocks reclaim some shine
All three major indices closed higher for the day
Wall Street ends higher as stocks reclaim some shine
The Dow Jones Industrial Average rose 0.56 per cent while the S&P 500 gained 0.46 per cent, to 7,666.63.
First electric Range Rover will cost buyers more than $264,000
Orders are now open for what is one of the most expensive electric SUVs on the market.
American Airlines boosts premium seating on 777 jets as upscale travel grows
The first retrofitted aircraft will begin commercial service on Wednesday (Sep 2) from New York to Buenos Aire…
Uber to lay off 10% of its workers in biggest cuts since Covid-19
The layoffs are Uber’s largest since May 2020, when the pandemic forced it to shed 6,700 jobs.
S&P 500, Dow post slim gains at open
[NEW YORK] The benchmark S&P 500 and the blue-chip Dow indexes opened marginally higher on Wednesday (Sep 2), …
Radiant World facing UK lawsuit from Jefferies-run fund
It is the first legal filing in UK courts over fallout from concerns the company provided falsified documents
Singapore factory activity expands in August, even as supply chain crisis from Iran war deepens
The purchasing managers’ index rose for the 13th consecutive month in August.
Which Apple laptop to buy: MacBook Air or MacBook Neo?
Turns out there are still some excellent reasons to cough up the extra money for a MacBook Air.
US dollar rises to 2-week high; Middle East conflict and rate paths in focus
The greenback tends to benefit from higher oil prices
Uber to cut 3,300 jobs in company overhaul to reduce management layers
The cuts will reduce the number of managers in the company by 20%
UK fines Citibank London US$6 million over Russia sanctions breaches
[LONDON] Britain on Wednesday (Sep 2) fined Citibank £4.7 million (US$6.35 million) under its Russia sanctions…
Iraq's oil exports rose to around 2.34 million bpd in August
This is up from about 1.35 million bpd in July
Citigroup fined $8 million in Britain for Russia sanctions breaches
Most of the breaches occurred in the months after Russia’s invasion of Ukraine in 2022.
STI up 0.6% even as Asian markets slump amid bond sell-off, inflation fears
City Developments Ltd leads the gainers on Singapore’s blue-chip index
World’s second-richest country sees core inflation rise to 2% in July
Singapore’s core inflation accelerated to 2% in July, driven by a sharp rebound in electricity and gas prices …
How Japan’s bond rout is turning the tide of global capital
Higher yields are drawing Japanese investors home, threatening a vital pillar of global debt demand.
New service lets Singaporeans drive rental cars to Malaysia
Singaporeans can now drive cars across the Causeway into West Malaysia thanks to a new cross-border feature re…
Singapore’s Marina Square mall to shutter next year for expansion
Singapore’s Marina Square Shopping Mall will shut down on March 31 next year for a major redevelopment that wi…
Thai billionaire Charoen Sirivadhanabhakdi’s company buys Singapore’s shophouse complex for $138M
Frasers Property, controlled by Thai billionaire Charoen Sirivadhanabhakdi, has acquired a cluster of prime fo…
US dollar hits 7-week high, Middle East conflict and rate paths in focus
The US dollar hit a seven-week high on Sept 2 as investors turned to the US currency.