Sembmarine posts $647.2m loss for H1, but sees improvement in H2
SINGAPORE (THE BUSINESS TIMES) - Sembcorp Marine posted a loss of $647.2 million for the first half of FY2021, widening...
Business
STI rises 1.2% amid regional rally on US Federal Reserve’s decision
SINGAPORE (THE BUSINESS TIMES) - The steady-as-she-goes stance taken by the United States Federal Reserve meeting overnight gave markets across...
US stocks gain on ‘spectacular’ earnings season
NEW YORK (AFP) - Wall Street stocks advanced on Thursday (July 29) following solid US growth data and earnings, but...
Electric-vehicle maker Nikola founder charged with fraud in rebuke to Wall Street
NEW YORK (NYTIMES) - In a warning shot to a thriving corner of Wall Street, federal authorities on Thursday filed...
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)...
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....