Entrepreneurship
Hiap Seng shares soar 75% after Indonesian oil giant Chandra Asri buys 11.9% stake
Shares end Wednesday at multi-year high of S$0.021; future partnership between both companies could be on the horizon, says Hiap Seng CEO Max Tan[SINGAPORE] Indonesian petrochemical producer Chandra Asri...
Morgan Stanley faces Finra probe on client-vetting: report
The firm has been working on fixing its client-screening practices after the US Federal Reserve for years raised concerns about risk-management controls in the firm’s wealth-management unitPublished Wed, Jul...
Chinese hackers exploit Microsoft flaws, US nuclear agency hit
[NEW YORK] Microsoft warned that Chinese state-sponsored hackers are among those exploiting flaws in its SharePoint software to break into institutions globally, with the US agency responsible for designing...
China shuns low-grade coal from Indonesia as imports collapse
[BEIJING] Indonesia bore the brunt of a sharp fall in China’s coal imports last month, underscoring how Chinese power plants have shifted away from lower-quality fuel due to persistent...
DFI Retail Group jumps 12.7% to three-year high on H1 profit growth
[SINGAPORE] Shares of DFI Retail Group hit its highest price in more than three years on Wednesday (Jul 23), after the supermarket and retail store operator posted higher underlying...
Temasek proposes 5-year, 10-year and 30-year tranches of offshore Chinese yuan bonds
[SINGAPORE] Temasek announced on Tuesday (Jul 22) a proposed notes issuance in a five-year tranche. This is in addition to the 10 and 30-year tranches. These will be issued...
Stocks to watch: SIA Engineering, SingPost, DFI Retail Group, Aztech Global, HPH Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 23):SIA Engineering: The aircraft maintenance provider on Tuesday reported a net profit...
Delta plans to use AI in ticket pricing draws fire from US lawmakers
[WASHINGTON] Three Democratic senators have pressed Delta Air Lines CEO Ed Bastian to answer questions about the airline’s planned use of artificial intelligence to set ticket prices, raising concerns...
Trump tariffs take US$1-billion bite out of GM earnings, shares fall
[BENGALURU] General Motors’ (GM) second-quarter earnings took a US$1.1-billion hit from tariffs, but the automaker still beat analyst expectations for the period on Tuesday (Jul 22), supported by strong...
Europe: Shares end lower as corporate results, trade anxiety weigh
EUROPEAN shares settled lower on Tuesday, with German equities logging their biggest one-day drop in two months as a batch of disappointing corporate reports and dimming prospects of a US-European Union...
