News
Singapore shares buck regional trend; STI up 0.4%
[SINGAPORE] Shares on the Singapore bourse ended higher on Wednesday (May 28), even as other regional markets languished in the red.In Singapore, the benchmark Straits Times Index (STI) rose...
Shein working towards Hong Kong listing after London IPO stalls
[HONG KONG] Shein is working towards a listing in Hong Kong after the online fast-fashion retailer’s proposed initial public offering (IPO) in London failed to secure the green light...
Tencent Music buys SM Entertainment stake in K-pop bet
[SEOUL] A Tencent Holdings subsidiary is snapping up a nearly 10 per cent stake in SM Entertainment valued at about US$180 million, marking a rare Chinese investment into a...
Asia: Stocks track Wall Street rally as trade fears ease, eyes on Japan debt
[HONG KONG] Asian equities rose on Wednesday following a Wall Street rally as traders cheered forecast-beating US consumer confidence data and a drop in bond yields, with eyes now...
Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad
[SHANGHAI] Chinese e-commerce firm PDD Holdings saw first-quarter net profit fall 47 per cent to 14.7 billion yuan (S$2.6 billion) as its domestic platform suffered from intense local competition...
New Zealand central bank cuts cash rate by 25 bps
Published Wed, May 28, 2025 · 10:39 AM[WELLINGTON] New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 3.25 per cent on Wednesday, as...
SingHealth Duke-NUS’ AI spin-off inks MOUs with Roche, ST Engineering to improve healthcare operations
[SINGAPORE] Enigma Health, a healthcare artificial intelligence (AI) spin-off from SingHealth Duke-NUS Academic Medical Centre, has inked separate memorandums of understanding (MOUs) with Swiss pharmaceutical giant Roche and Singapore...
SingHealth Duke-NUS’ AI spinoff inks MOUs with Roche, ST Engineering to improve healthcare operations
[SINGAPORE] Enigma Health, a healthcare artificial intelligence (AI) spinoff from SingHealth Duke-NUS Academic Medical Centre, has inked separate memorandums of understanding (MOUs) with Swiss pharmaceutical giant Roche and Singapore...
Nomura faces rare vote over shareholder’s name-change proposal
[TOKYO] Nomura Holdings has received a shareholder proposal that it will put to a vote for the first time in 13 years at a general meeting next month, as...
Toyota sends first half of US$500 million pledge to air taxi maker
Joby says recently it now aims to start commercial services in Dubai by early 2026 after having previously targeted the end of this year.Published Wed, May 28, 2025 ·...
Oil prices ease as US-Iran talks, Opec+ plans spur supply concerns
[HOUSTON] Oil prices settled 1 per cent lower on Tuesday as investors worried about a supply glut after Iranian and US delegations made progress in their talks and on expectations that...
Salesforce to acquire Informatica for $8 billion in latest AI push
Software company Salesforce said Tuesday it’s buying Informatica, which provides businesses with artificial-intelligence-powered data management tools, for $8 billion. The acquisition, one of Salesforce’s largest purchases, underscores how Bay...