Yellen says Japan explained 2022 FX intervention, Nikkei reports
Advertisement Business FILE PHOTO: U.S. Treasury Secretary Janet Yellen reacts during a meeting with UK Finance Minister Rachel Reeves in Rio de Janeiro, Brazil, on [more]
Historic river parade launches Paris Olympics
A HISTORIC boat parade down the River Seine launched the Paris Olympics with spectacular French flair Friday, as the City of Light welcomed the world’s [more]
Japan touts G20 reaffirmation of forex commitments as key achievement
RIO DE JANEIRO :Japan sees the reaffirmation in the latest G20 joint communique of existing commitments against excessive foreign exchange volatility as one of the [more]
Serving up Singaporean flavours in London
[LONDON] Since opening in February, London restaurant Singapulah has not just brought a taste of Singapore to the British capital, but also helped its ingredient [more]
Michigan state pension fund makes $6.6 million bitcoin ETF investment
The State of Michigan Retirement System, which oversees some $143.9 million in pension fund assets for state employees, has invested $6.6 million in the ARK [more]
Paris Olympics broadcasters diverge on AI approach
The Paris Olympics will be a showcase of generative AI for American viewers but European audiences won't see a similar approach, a contrast that reflects [more]
Amazon under second investigation in Milan for tax evasion, sources say
Advertisement Business FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. REUTERS/Pascal Rossignol/File Photo [more]
Dollar treads water after tame US inflation report, yen rally stalls
NEW YORK :The dollar ended little changed on Friday, pressured by a fall in Treasury yields after a tame U.S. inflation report that investors said [more]
Fed gets good news on inflation as data bolsters case for September rate cut
US Federal Reserve policymakers on Friday (Jul 26) got fresh evidence of progress on inflation, fuelling expectations they will use their meeting next week to [more]
Parkway Life Reit H1 2024 DPU rises 3.5% despite fall in net property income
PARKWAY Life Real Estate Investment Trust (Reit) posted a 3.5 per cent rise in distribution per unit (DPU) to S$0.0754 for its first half ended [more]
US: Wall St opens strong as megacaps recover; inflation data in focus
Wall Street’s main indexes opened higher on Friday (Jul 26), with the Nasdaq taking the lead as most megacap tech and chip stocks recovered from [more]
Global equity funds draw fifth weekly inflow on earnings hopes
Global equity funds witnessed fresh investments in the week through July 24 despite a selloff in leading technology stocks as investors remained optimistic about a [more]
Chinese EV battery maker CATL posts 13.4% jump in second-quarter profit
Advertisement Business FILE PHOTO: People stand at the booth of battery maker CATL during the first China International Supply Chain Expo (CISCE) in Beijing, China [more]
Apollo Funds to take IGT Gaming, Everi private in $6.3 billion deal
:Private equity firm Apollo Funds will take International Game Technology's gaming and digital business and Everi Holdings private in an all-cash deal that values the [more]
Keppel Infrastructure Trust reverses into the red with a loss of S$23.9 million in H1 2024
Revenue falls 5.8 per cent to S$1 billion from S$1.1 billion, mainly driven by lower revenue from Ixom and distribution income from Aramco Gas PipelinesKEPPEL [more]
SIA Engineering net profit rises 23% to S$33.2 million in Q1 on healthy MRO demand
AIRCRAFT maintenance provider SIA Engineering Company (SIAEC) reported a net profit of S$33.2 million for the first quarter ended Jun 30 of its 2024/25 financial [more]
Daily Debrief: What Happened Today (Jul 26)
Stories you might have missedSingapore office rents climb 3.1% in Q2, reversing decline in Q1: URAOFFICE rents in the central region of Singapore rose 3.1 [more]
Singapore stocks slip slightly after MAS maintains monetary policy; STI down 0.1%
Across the broader market, gainers outnumber losers 349 to 186, as 1.1 billion securities worth S$1.1 billion change handsSINGAPORE shares ended slightly lower on Friday [more]
ECB’s cyber security test shows ‘room for improvement’ for banks
FRANKFURT : Euro zone banks have "room for improvement" in their cyber security, starting with how they would keep their business running after a hack, [more]
Japan’s JERA to launch new gas-fired power plant to avoid electricity shortages
GOI, Japan : Japan's biggest power generator JERA said on Friday it will start a unit of a new 2.34 gigawatt (GW) gas-fired power station [more]
Take Five: Scores on the doors for Big Tech
:It's a big week for central banks, with policymakers in the United States, Japan and Britain all due to reconsider lending rates and markets on [more]
Can Kamala Harris beat Donald Trump?
The vice-president is polling better than Joe Biden, but is not yet in winning territoryA WEEK is a long time in politics, and this has [more]
Nvidia supplier SK Hynix to invest $6.8 billion in South Korea chip plant
SEOUL :The world's second-largest maker of memory chips, SK Hynix, said on Friday it had decided to invest about 9.4 trillion won ($6.8 billion) in [more]
China weighs tenfold fee increase on high-frequency traders
China is considering a fee hike of at least tenfold on high-frequency trading, its latest attempt to rein in some quantitative strategies deemed by regulators [more]