Credit Suisse finds multiple failings but no criminal conduct in Archegos debacle
NEW YORK (NYTIMES) - Credit Suisse suffered humiliation and shareholder wrath this year when it lost US$5.5 billion (S$7.4 billion)...
Business
CDL Hospitality Trusts first-half DPS falls 19.2% despite higher property income
SINGAPORE (THE BUSINESS TIMES) - CDL Hospitality Trusts' (CDLHT) distribution per stapled security (DPS) fell 19.2 per cent to 1.22...
Asia shares down, set for worst month since March 2020
SHANGHAI (REUTERS) - Asian shares slipped on Friday (July 30), with a gauge of regional equities set for its biggest...
Singapore services, manufacturing firms stay optimistic on outlook, surveys show
SINGAPORE - The business expectations of Singapore firms in the manufacturing and services sectors remained positive, although manufacturing firms were...
Nomura Q1 profit dives 66% on slowdown in trading, Archegos loss
TOKYO (REUTERS) - Nomura Holdings, Japan's biggest brokerage and investment bank, on Friday (July 30) reported a 66 per cent...
Temasek, DBS launch $677m debt financing platform for tech firms in Asia
SINGAPORE - State investor Temasek and DBS Bank will jointly launch a US$500 million (S$677 million) growth-stage debt financing platform....
Exxon and Chevron ride plastics boom to cash-flow bonanzas
HOUSTON (BLOOMBERG) - Exxon Mobil Corp and Chevron Corp swung to their biggest profits since pre-pandemic days amid surging demand...
URA awards tender for plot at Lentor Central to GuocoLand; to be developed for mixed use
SINGAPORE - Property giant GuocoLand has won the tender for a 99-year leasehold plot at Lentor Central after lodging the...
Keppel swings back to $300 million first-half profit, quadruples dividend
SINGAPORE - Keppel Corporation has bounced back into the black for the first half with all its key business units...
SIA trims quarterly losses to $409 million
SINGAPORE - Sequential improvement in passenger numbers and a robust cargo performance saw Singapore Airlines (SIA) cut its first quarter...