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STI inches up on Wednesday, mirroring regional indices
[SINGAPORE] The Straits Times Index (STI) closed higher on Wednesday (Jul 23), mirroring regional indices.The STI inched up 0.6 per cent or 23.02 points to 4,231.28.Across the broader market,...
Citi targets Middle East ultra-rich with push to hire private bankers
[DUBAI] Citigroup’s private bank is planning a hiring drive for the Middle East region as part of the Wall Street giant’s global expansion of its services to the ultra-wealthy.
James...
Alibaba launches open-source AI coding model, touted as its most advanced to date
The launch comes amid intensifying competition among Chinese technology companies in the global artificial intelligence development racePublished Wed, Jul 23, 2025 · 02:07 PM[BEIJING] Alibaba Group announced on Wednesday...
Starbucks opens free study rooms in China to lure back customers
[BEIJING] Starbucks has launched free “study rooms” in some of its China outlets, the company’s latest initiative to help boost consumer traffic as domestic competition surges in its second-biggest...
Indonesian oil giant Chandra Asri buys 11.9% stake in Hiap Seng Industries; shares up 58.3%
Future partnerships between both companies could be on the horizon, says Hiap Seng Industries [SINGAPORE] Indonesian petrochemical producer Chandra Asri has purchased an 11.9 per cent stake in the...
Asian local-currency bond sales reach record on risks to US dollar
[CHICAGO] US President Donald Trump’s unpredictable policy moves are driving investor demand for Asian local-currency bonds, spurring fresh interest in the region.Companies and non-sovereign issuers in Asia-Pacific have sold...
BOJ’s Uchida warns of downside risks to economy on trade uncertainty
[KOCHI, Japan] Bank of Japan Deputy Governor Shinichi Uchida said risks to economic activity and prices were skewed to the downside due to “extremely high” uncertainty over trade policy, even...
RBA seen cutting three more times by early 2026, matching market
[SYDNEY] Economists expect Australia’s central bank will deliver three more interest-rate cuts by early 2026, up from two seen previously, bringing their outlook into line with money market pricing....
Shares in Japanese, South Korean automakers surge on Tokyo trade deal
[TOKYO] Japanese automakers led a surge in the Nikkei share average to a one-year peak on Wednesday (Jul 23) after Tokyo reached a trade deal with Washington, ending a...
Vietnam stocks near record on reform hopes, trade deal optimism
[SINGAPORE] Vietnam’s stock benchmark is closing in on a record high, fuelled by optimism over sweeping political reforms and clarity on a trade deal with the US.The government is...
