News
Stocks to watch: OCBC, Singtel, Wilmar, Food Empire, Telechoice
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jul 18): OCBC, Singtel: The bank will partner the three local universities on...
Wells Fargo suspends China travel after employee exit ban: source
[NEW YORK] Wells Fargo has suspended all travel to China after a banker was blocked from leaving the country, a source familiar with the matter told Reuters on Thursday...
Oil jumps US$1 after further drone attacks on Iraq oil fields
[HOUSTON] Oil prices rose US$1 on Thursday (Jul 16) after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in the volatile region.Brent crude...
Wilmar to acquire up to 20% of Mumbai-listed joint venture with Adani
[SINGAPORE] Agri-specialist Wilmar International has agreed to acquire up to 20 per cent of the shares held by India’s Adani Commodities in the two companies’ joint venture (JV), for...
Julius Baer seeks to cut bonuses of bankers with risky books: sources
The move comes as the Swiss lender’s top management seek to reset and put the bank on a path for growth after a string of misstepsPublished Thu, Jul 17,...
Trek 2000 divests stake in Terrenus Energy valued at around S$8.2m
The shares are currently held as investment and do not generate any income or revenue for FY2024[SINGAPORE] Technology provider Trek 2000 International announced on Thursday (Jul 17) that it...
Companies look to AI to enable financial resilience amid global volatility: DBS survey
[SINGAPORE] Businesses around the world are rethinking long-term strategies as volatility rises, with generative artificial intelligence (Gen AI) tools of particular interest, based on the findings of a global...
Chinese shipyards’ market share falls to 52% amid US port fees concerns, says Bimco
[SINGAPORE] The market share of Chinese shipyards dropped by almost a third from January to June this year amid concerns about upcoming fees on Chinese ships entering US ports,...
China probes US$100 underwriting fee amid Xi price war clampdown
[BEIJING] China is investigating some of the nation’s top investment banks over bond underwriting fees that hit below US$100, as regulators expanded a crackdown on a long-standing price war...
Walmart eliminates hundreds of store-support and training jobs
The company aims to staff the academies differently based on the needs and number of participants and plans to add some new rolesPublished Thu, Jul 17, 2025 · 11:27...
