Automakers tap America's 250th, World Cup to rev up patriotism
DETROIT, July 2 : U.S. automakers have long infused their marketing campaigns with American pride and imagery. But this summer’s combination of the nation’s 250th birthday and World Cup matches taking place on U.S. soil has them going full George Washington. A promotion from Jeep-maker Stellanti ...
Cathay Pacific to resume Middle East flights
HONG KONG: Hong Kong's flagship airline Cathay Pacific announced on Thursday (Jul 2) that it will resume flights to the Middle East, as the United States and Iran signal that efforts to end the war remain viable.
Frasers Property said to be nearing deal for Cuppage Terrace
Kalpana Rashiwala - The price is expected to be between S$175 million and S$180 million
IHH Healthcare partners some Integrated Shield insurers to rein in private hospital bills
Genevieve Cua - The services of iExchange as a third-party administrator has dampened bill size growth to the low single digits
Cathay Pacific says to resume Middle East passenger services from September
BEIJING, July 2 : Hong Kong airline Cathay Pacific will resume its Middle East passenger flights starting from September, the carrier said on Thursday in a statement.• It said daily passenger flights to Dubai and four times weekly passenger flights to Riyadh will resume from September 1, and these ...
Analysis:Britain's Paramount-Warner review may be aimed at commitments, not a veto
LONDON, July 2 : Britain's threat to intervene in the $110 billion Paramount-Warner deal could be less about blocking the transaction than extracting commitments on UK news, children's TV and investment, with the cost of any delay increasing the government's leverage.Culture minister ...
Hong Kong Monetary Authority urges banks to drive global yuan adoption
[HONG KONG] Hong Kong Monetary Authority (HKMA) on Thursday (Jul 2) called on all banks to promote the cross-border use of the...
Singapore stocks rise on Thursday amid mixed regional showing; STI up 1.1%
Across the broader market, gainers edge out losers 329 to 239
EFTA successfully concludes free trade deal talks with Vietnam
ZURICH, July 2 : The European Free Trade Association said on Thursday it has successfully concluded negotiations with Vietnam on a free trade agreement, as its members seek to diversify commercial relations amid global tensions over tariffs.EFTA, whose members are Iceland, Liechtenstein, Norway and ...
Penguin delivers composite superstructure to Singapore navy
Lin Daoyi - Penguin Shipyard International has completed and delivered the first of six composite superstructure (CSS) for the Republic of Singapore Navy's new Multi Role Combat Vessel (MRCV). Using Saab’s unique technology, the CSS is the largest built in Singapore and one of the largest in Asia. Saab s ...
UK's Currys warns memory chip shortage will push up prices
LONDON, July 2 : Higher prices for smartphones, laptops and other electronics are inevitable later this year due to a global memory chip shortage, the boss of Currys, Britain's biggest consumer electricals retailer, warned on Thursday.Chief Executive Alex Baldock said AI and data centres were e ...
Singapore targets stronger business competitiveness and value unlocking with listcos
Lin Daoyi - SGX-listed companies are getting a boost in sustainability reporting and capability building, with the local bourse teaming up with sustainability reporting solutions provider Gprnt to enhance SGX’s ESGenome digital disclosure portal. The partnership was announced on July 2 by Minister for Sustain ...
India's Skyroot Aerospace readies country's first private orbital rocket launch
July 2 : Indian space startup Skyroot Aerospace said on Thursday it was preparing for the launch of its Vikram-1 rocket, the first attempt by an Indian private company to place a satellite in orbit.Founded by former Indian Space Research Organisation engineers, Skyroot is developing small rockets si ...
Great Eastern expands wealth advisory as it deepens push into HNW market
Ranamita Chakraborty - The insurer is seeking to ensure advisers are equipped with expertise and technical proficiency
Google loses fight against record US$4.95 billion EU antitrust fine
The ruling confirms Google Search’s abuse of a dominant position in the context of the Android operating system
Chanel buys historic French shirtmaker Charvet, ending 188 years of independence
Chanel’s acquisition of the Paris maison gives the luxury group deeper access to menswear and brings the world’s first specialist shirt tailor into its stable of heritage brands.
Japan’s yen jumps, traders alert to intervention risk
The yen has unwound all of its gains since Japan last intervened
Saudi Aramco ramps up exports, switches to spot sales
It resumed loadings from Ras Tanura, the world’s largest oil port after a halt of nearly four months
European shares slip as AI stocks weigh; US jobs data in focus
Europe’s lesser exposure to tech stocks helped limit its drag
Google loses fight against record €4.1 billion EU antitrust fine
BRUSSELS, July 2 : Alphabet's Google on Thursday lost its fight against a record fine imposed by EU antitrust regulators eight years ago for using its Android mobile operating system to block rivals, a court ruling likely to boost Europe's crackdown on Big Tech.The European Commission had ...
EU top court dismisses Google fight against record €4.1 billion EU antitrust fine
BRUSSELS, July 2 : Europe's top court on Thursday dismissed Alphabet unit Google's fight against a record fine imposed by EU antitrust regulators eight years ago for using its Android mobile operating system to block rivals.The European Commission had originally handed out a €4.34 billio ...
Japan government panel member calls for moderate BOJ rate hikes
He says delaying rate hikes can heighten inflation expectations and push up long-term interest rates
Vietnam central bank says global risks complicate policymaking
The country is facing mounting inflationary pressure due to its exposure to the international economy
China’s private refiners snap up Middle East oil as prices slide
Asian refiners are inundated with offers as shipments through Hormuz rise after an interim peace deal between US and Iran
UBS already has enough capital to meet new government requirements: Swiss central bank
Government wants to force UBS to raise the amount of common equity capital it holds domestically against its foreign operations to 100%
Nvidia offers revenue sharing model for aspiring AI startups
This will connect AI data centre operators with cloud service providers
Danantara Indonesia says financial report is still being processed
JAKARTA, July 2 : Sovereign wealth fund Danantara Indonesia said on Thursday that the companies under its control have all completed their financial statements for 2025, but the fund is still in the process of finishing its consolidated financial report for the year.Danantara executives previously s ...
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...
