South Korea's currency chief says in talks with Japan, allies
SEOUL, July 2 : South Korea's vice finance chief on Thursday said Seoul is closely communicating with Japan and other key allies on foreign exchange issues, and warned that the won has become significantly misaligned relative to economic fundamentals."We are always working closely with Jap ...
DBS, Samsung Securities ink MOU to advance wealth management collaboration across Asia
Chloe Lim - The tie-up covers four areas, such as access to the South Korean market for the Singapore lender’s clients
DBS, Samsung ink MOU to advance wealth management collaboration across Asia
Chloe Lim - The tie-up covers four areas, such as access to the South Korean market for the Singapore lender’s clients
Business jet departures in Middle East drop 30% during Iran war
Take-offs between Feb 28, when the war started, and Jun 28 fall to 15,171, from 21,529 in the year-ago period
Samsung Group details plans to invest $90 billion in South Korea's central region
SEOUL, July 2 : Samsung Group detailed plans on Thursday to invest 140 trillion won ($90 billion) for production of display panels, batteries, chips and chip materials in the central province of Chungcheong.• Samsung Display to spend 67 trillion won in Asan and Cheonan, while Samsung Electronics t ...
AEM says US court has dismissed Advantest’s patent infringement complaint
Shikhar Gupta - But court has granted Advantest leave to file an amended complaint
Microsoft, Singapore’s Lightstorm, Singtel join consortium to build India-South-east Asia undersea cable
The network will span 3,600 km and have landing stations in Machilipatnam in Andhra Pradesh, where Meta and Alphabet have announced data...
OpenAI proposes handing Trump administration 5% stake, FT reports, amid growing US scrutiny of AI firms
The move follows growing public backlash in the US over AI’s potential to cause economic upheaval, including layoffs
OpenAI proposes handing US government 5% stake, FT reports, amid growing US scrutiny of AI firms
The move follows growing public backlash in the US over AI’s potential to cause economic upheaval, including layoffs
OpenAI proposes giving the US government a 5% stake: FT
The proposal coincides with growing pressure from the Trump administration on major US AI firms
China Resources New Energy shares triple on debut after Asia’s biggest IPO of 2026
The strong start for the renewable power operator offers a confidence boost for issuers and investors
Serenity Park condo owners lower asking price to S$440 million in second shot at collective sale
Ry-Anne Lim - This is around 13% lower than the S$505 million guide price marketed earlier this year
OpenAI proposes handing Trump administration 5% stake, FT reports
July 2 : OpenAI has discussed giving a 5 per cent stake to the U.S. government, the Financial Times reported on Thursday.The proposed arrangement would involve other U.S. AI companies handing over a similar stake to the government, the report said, adding that it was not clear if the other AI firms ...
US regulator probes US$100 million insider trading linked to Chinese brokerages Futu, Tiger Brokers: sources
Traders bought US options in Chinese brokerages right before a May 22 crackdown
Japan likely reaped record tax revenues last year, sources say
TOKYO, July 2 : Japan's tax revenue likely exceeded 84 trillion yen ($516.92 billion) in fiscal 2025 to hit a record for the sixth straight year, two government sources said on Thursday.The increase may help Prime Minister Sanae Takaichi's administration reduce its reliance on fresh debt i ...
BYD set to overtake Tesla again in fully electric car sales
The carmaker’s shares rise 8.4% on Thursday, its biggest intraday gain since February 2025
Maybank trims 2026 STI target to 5,500, says weak IPO debuts could dampen market
Shikhar Gupta - Still, its head of research asserts that the core re-rating thesis for Singapore stocks is intact
Chanel vs Dior: Why luxury’s two biggest reboots are under scrutiny
Matthieu Blazy has sparked immediate demand at Chanel, while Jonathan Anderson is taking a longer view at Dior. In a tougher luxury market, both houses are fighting harder for growth.
Exclusive-Japan shifts to ambush intervention tactics against yen short sellers, sources say
TOKYO, July 2 : Japanese officials are abandoning their habit of telegraphing intervention risks, instead signalling a more targeted campaign to squeeze speculators and raise the cost of betting against the battered yen, two sources familiar with the matter said.Departing from the calibrated jawboni ...
SoftBank's LY, Bain raise Kakaku bid again with $4.1 billion valuation
TOKYO, July 2 : SoftBank's LY Corp and Bain Capital have again raised their bid for Kakaku.com, valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and widening the gap over a rival offer from Sweden's EQT.In the legally binding offer unveiled late on ...
SoftBank's LY, Bain raise Kakaku bid again, widen lead over rival EQT offer
TOKYO, July 2 : SoftBank's LY Corp and Bain Capital have raised their bid for Kakaku.com again, valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and widening their lead over a rival offer from Sweden's EQT.In the legally binding offer announced late ...
Asian shares fall as chipmakers drag; US jobs data looms
SYDNEY: Asian shares skidded on Thursday (Jul 2) as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for US jobs data that could gives hints about the risk of interest rate hikes.Oil prices hit new four-month lows, with Brent crude off 0.8 per c ...
Grab completes US$425 million acquisition of US-based Stash Financial
Shikhar Gupta - It plans to eventually introduce Stash’s investing solutions, including an AI Money Coach, in South-east Asia
DBS seen to benefit from China’s tighter grip on wealth flows: report
Singapore’s more diversified, offshore, and policy-supported model looks cleaner, leaving its banks best-positioned to benefit
El Nino may pile pressure on Asean food prices as dry weather meets fuel and fertiliser shock
Evan See - Rice and palm oil prices could spike in a ‘Godzilla’ El Nino, with poultry and livestock prices also at risk
Japan records leap in currency-driven bankruptcies triggered by yen weakness
45 firms fail in the first half of 2026, 30% up from a year earlier
SK Hynix to spend $64 billion on memory chip plants under broader AI investment plan
SEOUL, July 2 : SK Hynix said it would invest 100 trillion won ($64.38 billion) to build new chip plants, including one for NAND flash memory, as part of a massive South Korean investment drive aimed at spreading returns from the AI boom beyond Seoul. The projects in the central city of Cheongju out ...
SK Hynix to spend $64 billion on flash memory chip plants under broader AI investment plan
SEOUL, July 2 : SK Hynix said it would invest 100 trillion won ($64.38 billion) to build new chip plants, including one for NAND flash memory, as part of a massive South Korean investment drive aimed at spreading returns from the AI boom beyond Seoul. The projects in the central city of Cheongju out ...
SK Hynix to spend $64 billion on chip plants under broader AI-driven investment plan
SEOUL, July 2 : SK Hynix said on Thursday it planned to invest 100 trillion won ($64.38 billion) to build new NAND memory chip and packaging factories as part of a massive investment programme aimed at addressing a shortage driven by the AI boom.The projects in the country's central city of Che ...
SK Hynix to build $51 billion NAND memory chip factory by 2029
SEOUL, July 2 : SK Hynix said on Thursday that it plans to invest 80 trillion won ($51.46 billion) to build a new factory for NAND memory chip production by 2029 to address a shortage driven by the AI boom. SK Hynix plans to start construction of the new fab, called M17, in the South Korean city of ...
Ever Glory United to pursue dual listing in Hong Kong
Felicia Tan - Ever Glory United Holdings announced, on July 1, that it intends to pursue a dual primary listing of its shares on the Main Board of The Stock Exchange of Hong Kong (SEHK). According to the company, which recently transferred to the Singapore Exchange’s (SGX) Mainboard on Dec 29, 2025, says it wou ...
Singapore High Court interprets vital term of Competition Act in case of price-fixing by warehouse operators
Tay Peck Gek - ‘By object’ under section 34 of the Act refers to conduct that has ‘manifest anti-competitive economic rationale’
High Court interprets vital term of Competition Act in case of price-fixing by warehouse operators
Tay Peck Gek - ‘By object’ under section 34 of the act refers to conduct that has ‘manifest anti-competitive economic rationale’
High Court interprets vital term of Competition Act on market rivalry restriction
Tay Peck Gek - ‘By object’ under section 34 of the act refers to conduct that has ‘manifest anti-competitive economic rationale’
