News
Wall Street forecasts windfall for big US banks from Fed plan to ease leverage rule
[BENGALURU] Large US global banks can expect as much as US$6 trillion in additional balance sheet capacity and billions in freed up capital under a Federal Reserve plan to...
S-E Asia’s e-commerce platform gross merchandise value growth rate eases: report
[SINGAPORE] South-east Asia’s total e-commerce platform gross merchandise value (GMV) grew at a slower rate of 12 per cent year on year in 2024, as the leading platforms focused...
Salesforce CEO says 30% of internal work is being handled by AI
Tech leaders have been increasingly vocal about the potential for AI to replace human workersPublished Thu, Jun 26, 2025 · 08:39 PM[NEW YORK] Salesforce chief executive officer Marc Benioff...
Singapore stocks rise on Thursday amid mixed regional trading, STI up 0.3%
[SINGAPORE] Local stocks ended higher on Thursday (Jun 26), amid mixed trading in the region.
The benchmark Straits Times Index (STI) rose 0.3 per cent or 12.48 points to 3,938.46....
China tech firms ramp up M&A deals with the blessing of Beijing
[BEIJING] After a chastening crackdown that wiped billions off their value and forced top executives out of the public eye, China’s technology giants are back in favour and on...
Japan hits M&A record of US$232 billion, driving Asia deals rebound
[TOKYO/HONG KONG] Japan is driving Asia’s mergers and acquisitions (M&A) rebound in 2025 with a record US$232 billion worth of deals in the first half, and bankers expect the...
Bank of Korea overhauls repo framework amid changing liquidity conditions
[SEOUL] The Bank of Korea (BOK) said it’s revamping its open market operation framework to increase its operational flexibility to manage liquidity, stabilise short-term rates, and respond during periods...
US dollar slips as Trump considers naming next US Fed chair early
[SINGAPORE] The US dollar dipped amid an increase of bets on US interest-rate cuts due to growing expectations that the next US Federal Reserve chairman is likely to ease...
Mars US$36 billion Kellanova deal waved ahead by US regulator
[SAN FRANCISCO] Mars’ US$36 billion takeover of snack maker Kellanova was given the green light by the US Federal Trade Commission (FTC) on the same day European Union regulators...
Civmec to acquire ship manufacturer Luerssen Australia for A$20 million
The aim of the deal is to solidify Australia’s sovereign shipbuilding capability[SINGAPORE] Australian construction engineering company Civmec will purchase Luerssen Australia from Naval Vessels Lurssen (NVL) Australia for A$20...
