News
Philippine wealth fund to invest in port company Asian Terminals
The Philippine sovereign wealth fund has pursued a few deals since its inception in 2023[MANILA] Philippine sovereign wealth fund Maharlika Investment plans to acquire a minority stake in Asian...
Asian markets retreat ahead of US jobs as tech worries weigh
ASIAN markets extended losses with Wall Street on Tuesday as investors jockeyed for position ahead of key US jobs and inflation data, while sentiment remains subdued by worries over...
ExxonMobil’s latest Singapore facility signals that innovation can continue amid global challenges: DPM Gan
The move comes even as the company is set to lay off 10 to 15% of its Singapore workforce by end-2027[SINGAPORE] A new facility set up by oil giant...
McKinsey plots thousands of job cuts in slowdown for consulting industry
The firm’s revenue growth has flatlined in the last five years, leading to a reset after rapid hiring over the prior decade[NEW YORK] As McKinsey partners gathered in the...
Elon Musk’s fortune soars above US$600 billion on new SpaceX valuation
The company is the biggest player in the orbital launch industry with its Falcon 9 rockets[NEW YORK] Elon Musk’s wealth has reached a new high, topping US$600 billion for...
Europe: Stocks recover, banks lead; ECB decision, US data in focus
EUROPEAN shares ended higher on Monday in broad-based gains led by banks, kicking off a week packed with central bank decisions and delayed US economic data on a positive note,...
What happens to Roombas now that the company has declared bankruptcy?
Roomba maker IRobot filed for bankruptcy and will go private after being acquired by its Chinese supplier Picea Robotics.Founded 35 years ago, the Massachusetts company pioneered the development of...
US: Wall Street opens higher as investors gear up for data-packed week
WALL Street’s main indexes opened higher on Monday (Dec 15), rebounding from a tech-driven rout last week, while investors braced for a barrage of economic data that could set...
German regulator orders oversight, limits on GIC-backed online bank N26
[FRANKFURT] Germany’s financial regulator BaFin on Monday (Dec 15) announced stricter oversight of Berlin-based online bank N26, including limits on new business in the Netherlands and the instalment of...
Interest in money market funds in Singapore falls 44% quarter on quarter to S$1.5 billion in Q3: Morningstar
[SINGAPORE] Singaporean investor interest in money market funds waned in the third quarter of 2025, with net inflows of S$1.5 billion, down 44 per cent from the S$2.7 billion...
Raffles Education leads most active pack on SGX with 43 million shares traded; price jumps 24%
Counter hits peak of S$0.133 on Monday; volume is 4 times its average daily figure[SINGAPORE] Raffles Education led the pack of actives on the Singapore Exchange (SGX) on Monday...
Asean Power Grid projects could attract more Chinese investor interest in 2026
Clean-power manufacturers from China have been expanding in Indonesia, could seize more opportunities with cross-border projects[SINGAPORE] China’s clean-power players and investors are poised to expand their footprint in South-east...