News

Sembcorp expands Micron power deal to support AI growth
The chipmaker has begun construction on a Woodlands facility as part of a US$24 billion investment[SINGAPORE] Sembcorp Industries on Wednesday (Jan 28) said that its wholly owned subsidiary Sembcorp...
Hong Kong banks to see wealth ‘windfall’ as fees jump: report
Risk appetite also remains “firm” thanks to expectations of further interest rate cuts by the Federal Reserve through the yearPublished Wed, Jan 28, 2026 · 12:24 PM[HONG KONG] Hong...
Is social media harmful for kids? Meta and YouTube face trial after TikTok settles suit
TikTok has agreed to settle the first in a series of closely-watched product liability cases, bowing out on the eve of a landmark trial that could upend how social...
UPS to cut another 30,000 jobs as it doubles down on turnaround
Published Tue, Jan 27, 2026 · 11:09 PM[WASHINGTON] United Parcel Service on Tuesday (Jan 27) said it would cut up to 30,000 operational roles in 2026, adding to last...
STI breaches 4,900; DBS, OCBC, UOL, Jardine Matheson end at record highs
[SINGAPORE] Singapore shares breached the 4,900 mark on Tuesday (Jan 27), with the record-breaking momentum buoyed by overnight gains on Wall Street, a flight to safe-haven assets and optimism...
HSBC to close Raffles Place branch on Feb 28
Published Tue, Jan 27, 2026 · 11:24 AM[SINGAPORE] HSBC Holdings will close a key retail branch in Singapore’s financial district and open a wealth centre at the same building,...
Lockheed Martin, PG&E, Salesforce and Wells Fargo team up to help battle wildfires
Lockheed Martin, PG&E Corp., Salesforce and Wells Fargo are teaming up to help firefighters and emergency responders prevent, detect and fight wildfires more quickly.On Monday, the four companies said...
S&P 500, Dow open slightly higher with big tech results
Published Mon, Jan 26, 2026 · 10:42 PM[NEW YORK] The S&P 500 and the Dow opened slightly higher on Monday (Jan 26), as investors braced for a heavyweight run...
Banking trio ends lower, weighing on STI
Across the broader market, decliners outnumber gainers 310 to 259 after 1.6 billion securities worth S$1.7 billion change hands[SINGAPORE] Singapore shares finished mixed on Monday (Jan 26), with the...
Yen surges as intervention risks lurk
Published Mon, Jan 26, 2026 · 10:59 AM[SINGAPORE] The yen firmed 0.5 per cent to 154.84 per dollar as of 0052 GMT, after sharp spikes on Friday sparked speculation...
Vitol and Trafigura – traders at the heart of Trump’s Venezuela oil grab
The companies’ special licences to ship still-sanctioned barrels have given them a head start in a potentially lucrative tradeUS PRESIDENT Donald Trump has portrayed his takeover of Venezuela’s oil...
Mining stocks on cusp of supercycle as AI boom stokes metals
With a nearly 90% gain since the start of 2025, MSCI’s Metals and Mining Index has beaten semiconductors, banks and the Magnificent Seven cohort by a wide marginPublished Sun,...