Business
News from Singapore
Ikea invests $1.8 billion in Europe price cuts to lure cautious consumers
The move comes after two consecutive years of falling revenue.
Ogilvy parent WPP to cut up to 1,000 more jobs by end-2026 in restructuring: report
The group reported better-than-expected first-half results earlier in August
South Korean policy chief who backed leveraged ETFs steps down
The presidential office does not immediately disclose the reason or name a successor
Global bond rout deepens as Japan yield breaks key 3% barrier
Borrowing costs rise worldwide as oil-fuelled inflation fears push central banks towards rate hikes.
Solar surpasses coal as China’s top source of power capacity
Solar capacity hit 1,286 gigawatts at the end of July, 31.5 per cent of China’s total installed power generati…
Australian, New Zealand dollars pause near multi-month peaks as bond selloff deepens
[SYDNEY] The Australian and New Zealand dollars loitered near multi-month highs on Tuesday (Sep 1) as a global…
Global AI boom fuels Asia factory expansion in August
The demand for AI-related products helped offset mounting cost pressures from conflicts around the world.
Shein makes lacklustre HK debut as investors fret about growth and regulatory risks
The fast-fashion giant's valuation now just slightly above a quarter of its US$100 billion peak in 2022.
Keppel DC REIT spends $1.5 billion on two freehold data centres in Japan
The REIT manager also plans to raise at least $600 million through a private placement on Sept 10.
‘Where will all the playgrounds go?’: Parents lament Marina Square closure for revamp in March 2027
Luxury residences, serviced apartments and offices will be introduced to the over 360,000 sq m site.
As China trust-tax deadline looms, wealthy clients explore options across Asia
Advisers note that some clients are underestimating the scope, and have been slow to act
UOB Private Bank appoints UBS’ Dominique Boer as Asean market head
Boer, who has held senior roles at UBS and Credit Suisse, will take up the position on Sep 17
Anthropic seals $44 billion cloud deal with Nvidia-backed Lambda
Nvidia has been using its financial resources to expand access to computing infrastructure.
California, Writers Guild ask court to reject Paramount request for $2.4 billion bond
Paramount is seeking the bond to address the costs of acquiring Warner Bros.
Oil prices rise as latest fighting resurrects Middle East supply disruption risks
Brent crude futures were up 56 cents, or 0.6 per cent, to US$91.05 a barrel at 8.44am.
Asia stocks edge lower as South Korea, Japan benchmarks decline
The MSCI Asia Pacific Index slips 0.2%
Anthropic seals US$35 billion cloud-computing deal with Nvidia-backed Lambda: Bloomberg
Deal is latest AI computing agreement tied to Nvidia
Bessent expects Japan to take action to boost yen, signals BOJ rate-hike chance
The yen gained against the dollar after Bessent’s comments.
Stocks to watch: Frasers Property, Keppel DC Reit, Mapletree Industrial Trust, SingLand, Olam
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesda…
Gold slips as renewed Mideast tensions keep Fed hike bets alive
Debasement trade is likely to continue into September, which will support the metal
GetGo launches cross-border car rentals to Malaysia
Users can book vehicles through the app and pick them up from the nearest car park.
Trump on possible Venezuela departure from Opec: ‘It’s up to them’
It follows UAE’s withdrawal from the organisation months ago
World’s second-richest country to auction luxury homes, goods from $2.4B money laundering case
Singapore, ranked the world’s second-richest country by GDP per capita in 2025, is preparing to sell more than…
Amazon sued by US Federal Trade Commission, 22 states over ad sales practices
The e-commerce company allegedly sometimes entered its own bids in auctions, ostensibly raising prices for oth…
Oil settles up by more than 2.5% as US and Iran resume military attacks
Brent rose as high as US $91.52 during the session
Europe’s Stoxx 600 falls as oil prices jump, but secures fifth monthly gain
EUROPEAN shares fell on Monday (Aug 31) as fresh US-Iran military strikes drove oil prices and bond yields hig…
US stocks: Wall Street closes lower as oil prices jump, indexes notch monthly gains
All three major indices fell for the day
Pay and perks: How banks in Singapore compete for wealth management talent
Non-monetary factors like work-life balance also shape choice of employer in talent war.