News
Q3 reporting season kicks off with growth in S-Reits’ distributions
[SINGAPORE] The latest earnings season for Singapore-listed real estate investment trusts (S-Reits) has commenced, with seven trusts reporting their latest financial results or business updates over the past week.Of...
China baijiu makers try to woo sober Gen Z with milder liquor
[BEIJING] China’s struggling liquor distillers are pivoting to milder versions of the nation’s fiery baijiu in hopes of appealing to a younger generation of lighter drinkers.The country’s economic malaise,...
Oil slips on scepticism about US commitment to Russian oil sanctions
[HOUSTON] Oil prices fell on Friday (Oct 24) as scepticism crept into the market about the Trump administration’s commitment to sanctions on Russia’s two biggest oil companies over the...
China’s central bank pledges flexible monetary policy to support growth
[BEIJING] China’s central bank pledged on Friday (Oct 24) to calibrate the intensity, timing and pace of monetary policy based on economic conditions to support stable growth.The People’s Bank...
iFast Q3 net profit rises 54.7% to S$26 million on overall revenue growth
[SINGAPORE] Digital bank and wealth management platform iFast posted a 54.7 per cent rise in net profit to S$26 million for its third quarter ended Sep 30, from S$16.8...
MAS proposes more measures for investors to seek civil compensation from market misconduct
Proposals aim to facilitate self-organisation, provide access to funding and reduce legal barriers to civil action[SINGAPORE] The Monetary Authority of Singapore (MAS) is looking to enhance investors’ ability to...
JPMorgan to allow Bitcoin and Ether as collateral in crypto push
JPMORGAN Chase & Co plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of the year, in a...
Wee Hur shares up 3.4% after property arm named top bidder of Upper Thomson condo site
[SINGAPORE] Shares of Wee Hur jumped 3.4 per cent around midday on Friday (Oct 24) following the news of the group’s property arm and its controlling shareholder GSC Holdings...
Hao Mart sues PropNex unit, agent for more than S$3.5 million over Taste Orchard lease
Defendants say they represent landlord OG, and owe no obligation to the claimant to act in its best interests[SINGAPORE] Supermarket chain Hao Mart has filed a lawsuit against a...
EV truck maker Rivian is laying off hundreds amid a slowdown in demand
The electric truck and SUV company Rivian will lay off hundreds of employees in an attempt to save cash as federal support for electric vehicle adoption wanes under the...
