South Korean billionaire's risky bet pays off, as SK Hynix debuts in New York
SEOUL, July 10 : When South Korean billionaire Chey Tae-won attends a bell-ringing ceremony on Friday for SK Hynix's $26.5 billion Nasdaq listing, it will mark the ultimate payoff of a bet many once considered risky: buying a loss-making chipmaker that has since become an AI powerhouse.SK Group ...
Circle wins final regulatory approval to establish US trust bank, shares rise
July 10 : Circle said on Friday it has received a final regulatory approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank, sending the stablecoin giant's shares surging 10 per cent in premarket trading.Here are some details: • The charter allows Ci ...
Preventive health offers new opportunities in private healthcare as patient needs develop: IHH
Evan See - The private healthcare provider launches programme focusing on personalised preventive health, longevity
UK to regulate cloud service providers Microsoft, Google and others to protect financial stability
LONDON, July 10 : Britain on Friday designated cloud service providers Microsoft, Google, Amazon and Oracle as 'critical third parties', bringing them under direct regulatory oversight to protect the country's financial system."As banks, insurers and financial market infrastructu ...
EU tells Instagram, Facebook to change addictive features or risk fines
BRUSSELS, July 10 : The EU charged Meta Platforms' Instagram and Facebook on Friday with breaching its tech rules, with regulators targeting features they say are designed to keep users hooked and demanding changes to autoplay and infinite scroll or risk fines.The European Commission's pre ...
Singapore stocks rise as banks hit new highs; STI up 0.7%
Across the broader market, gainers outnumber losers 350 to 221
SoftBank, PayPay in talks to invest in Seven & i, Bloomberg reports
TOKYO, July 10 : SoftBank Corp and mobile payments operator PayPay are in talks to invest in retail giant Seven & i Holdings, Bloomberg News reported on Friday.The investment will likely total several hundred billion yen and Sumitomo Mitsui Card, a unit of Sumitomo Mitsui Financial Group, may al ...
Shein wins Chinese approval for Hong Kong IPO
Shein’s last private fundraising round in May 2023 valued it at US$66 billion
Shein is said to move ahead with preparations for Hong Kong IPO
It may seek to launch the offering as soon as in the coming months, if regulatory approval is secured
Global Invacom announces investigation into suspected theft of components
Teo Zheng Long - UK-based but Singapore-listed satellite company Global Invacom Group (SGX: QS9 ) has been alerted on July 7 regarding a suspected theft of both its own and customer-owned components valued at approximately US$700,000 ($903,000) at cost, from its sub-contract manufacturer’s facilities in the Philip ...
Oil, AI and a wobbly yen: JP Morgan’s Raisah Rasid on what investors should consider now
Claressa Monteiro - Geopolitical tensions, AI volatility, and yen intervention risk - Claressa Monteiro gets this week’s market signals from Raisah Rasid from JP Morgan...
How social enterprises can play a crucial role in mining of critical minerals
Vivien Ang - Traceability and responsible sourcing, local economic development are among the benefits
EnGro Corp expects ‘significant improvement’ in its 1HFY2026 earnings
Teo Zheng Long - EnGro Corporation (SGX: S44 ) expects to report a “significant improvement” in its net profit for 1HFY2026 ended June 30. The company says that the improvement is primarily driven by higher sales volume from its core businesses and the increase in unrealised fair value gains in its venture capit ...
'Powerhouse' Singapore continues world domination as maritime centre for 13th consecutive year
Lin Daoyi - The world’s leading maritime centre is once again Singapore according to the 2026 Xinhua-Baltic International Shipping Centre Development (ISCD) Index. The Lion City has topped the ranking since the annual report was first published in 2014. Jointly published by the Baltic Exchange and China’s X ...
Binance eyes more Asia licences as crypto adoption grows, says co-CEO
The cryptocurrency exchange's co-CEO Richard Teng believes blockchain will be the future of financial services, but says wider adoption will depend on greater regulatory clarity and increased institutional participation.
BOJ may raise growth forecast, maintain vigilance to inflation risk
It’s due to release its quarterly report, including fresh growth and price forecasts, this month
BOJ may raise growth forecast, maintain vigilance to inflation risk, sources say
TOKYO, July 10 : The Bank of Japan may revise up its economic growth forecast for fiscal 2026 and keep its focus on the risk of an inflation overshoot as rising costs from a weak yen and strong AI demand offset some of the declines in oil prices, said three sources familiar with its thinking.The BOJ ...
Australian shares snap four-day decline as miners, banks rise
[SYDNEY] Australian shares snapped a four-day losing streak on Friday (Jul 10) after an upbeat session on Wall Street, even as a...
Price retreat offers buying opportunity for CNMC Goldmine: Lim and Tan
Lin Daoyi - Lim and Tan Securities believes that CNMC Goldmine’s recent price weakness offers an opportunity for investors to enter the counter. Analyst Chan En Jie maintains the company’s “buy” rating at a higher valuation of $1.90 in his July 10 report compared to the previous $1.53 target. At current ...
Labour faction blocks Volkswagen rescue plan: sources
CEO Oliver Blume is battling to make the sprawling automotive group leaner in the face of growing competition
Volkswagen rescue plan 'short on specifics' after tense stakeholder talks
Volkswagen is under unprecedented pressure to restructure its business model
SK Hynix's shares jump 14% in marquee US debut as AI euphoria persists
July 10 : SK Hynix's U.S.-listed shares jumped 14 per cent in their Nasdaq debut following its $26.5 billion share sale, in a sign of resilient investor enthusiasm for semiconductor stocks that have recently pulled back after a dizzying rally. The South Korean chipmaker is the latest to ride a ...
SK Hynix's shares indicated to jump 20% in marquee US debut
July 10 : SK Hynix's U.S.-listed shares were indicated to jump 20 per cent in their Nasdaq debut following its $26.5 billion share sale, signalling strong enthusiasm in semiconductor stocks despite a recent pullback.The South Korean chipmaker is the latest to ride a frenzy of investor interest ...
SK Hynix's marquee US debut set to test AI appetite
July 10 : SK Hynix's U.S. trading debut on Friday following a $26.5 billion share sale will be a key test of investors' belief in the durability of the AI boom, coming after a recent pullback in semiconductor stocks.Its American Depositary Receipts were indicated to open at $178.07 per sha ...
SK Hynix's marquee US debut to test AI appetite
July 10 : SK Hynix's U.S. trading debut on Friday following a $26.5 billion share sale will be a key test of investors' belief in the durability of the AI boom, coming after a recent pullback in semiconductor stocks.Chip stocks have lost some momentum in recent weeks after a stellar run, p ...
SK Hynix set for marquee US debut in test for AI appetite
July 10 : SK Hynix's U.S. trading debut on Friday following a $26.5 billion share sale will be a key test of investors' belief in the durability of the AI boom, coming after a recent pullback in semiconductor stocks.Chip stocks have lost some momentum in recent weeks after a stellar run, p ...
Deloitte Singapore set to move out of Shenton Way base to new campus at Orchard Central in 2027
Ry-Anne Lim - The consultancy will be occupying JustCo’s new co-working space in Orchard in the interim
Italian aristocrat sells pair of Neil Road shophouses for S$40.88 million
Kalpana Rashiwala - A Singapore vehicle linked to Luca Padulli paid S$17.5 million in 2011 for the freehold property, which was extensively restored
Italian aristocrat sells Neil Road shophouse pair for S$40.88 million
Kalpana Rashiwala - A Singapore vehicle linked to Luca Padulli paid S$17.5 million in 2011 for the freehold property, which was extensively restored
Hanwha Ocean sold around $2 billion in dollar-won forward market, source says
SEOUL, July 10 : South Korean shipbuilder Hanwha Ocean sold around $2 billion in the dollar-won forward market on Friday, a source familiar with the matter told Reuters. Hanwha Ocean was not immediately available to provide official comment. The source declined to be identified due to the sensitivit ...
GIC announces senior leadership appointments, including deputy group CIOs
Deon Loke - Changes will come into effect on Oct 1
How much ground can China’s motorcycle brands gain in Singapore?
Derryn Wong - The likes of Zontes and CFMoto have zoomed into the top ranks for new registrations, with competitive prices and attractive designs
Marco Polo Marine subsidiary to charter out two vessels to Siemens Gamesa
Lin Daoyi - PKR Offshore, a subsidiary of Mainboard-listed Marco Polo Marine (MPM), has signed a framework agreement to lease out two commissioning service operation vessels (CSOVs) to offshore wind turbine manufacturer Siemens Gamesa Renewable Energy. The two vessels will be deployed to support Siemens Gamesa ...
South Korean chip titan SK hynix raises US$26.5 billion in blockbuster US listing
The South Korean chip giant's debut would be the largest US listing by a foreign firm.
