US Fed’s Jerome Powell says ‘higher and more persistent’ inflation possible
WASHINGTON (AFP) - Inflation could rise higher and stay there longer than expected as the US economy recovers from the...
Business
US stocks mixed as market digest earnings, Fed decision
NEW YORK (AFP) - The Nasdaq rallied while the Dow fell on Wednesday (July 28) as investors digested a slew...
US Federal Reserve keeps rates unchanged but cites ‘progress’ towards its goals
WASHINGTON (NYTIMES) - The Federal Reserve kept interest rates unchanged on Wednesday (July 28) and said it would continue buying...
Temasek among investors in Brookfield’s $9.5 billion global energy transition fund
NEW YORK (REUTERS) - Canadian investment firm Brookfield Asset Management said on Tuesday (July 27) it has raised US$7 billion...
CapitaLand Integrated Commercial Trust posts first-half DPU of 5.18 cents as revenue doubles post-merger
SINGAPORE (THE BUSINESS TIMES) - CapitaLand Integrated Commercial Trust (CICT), formerly known as CapitaLand Mall Trust, has posted a 75...
Keppel, Singapore LNG team up for natural gas liquid project on Jurong Island
SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure is teaming up with Singapore LNG Corporation (SLNG) and another industry partner for...
US tech giants’ record quarter gives way to growth skepticism
SAN FRANCISCO (BLOOMBERG) - Three of the world's largest companies - Apple, Microsoft and Alphabet - on Tuesday (July 27)...
Wall Street’s IPO fee machine under threat post-China crackdown
NEW YORK (BLOOMBERG) - China's regulatory crackdown threatens to reverse a surge in underwriting fees for United States investment banks...
Ant-backed Chinese bike-sharing start-up Hello scraps plans for US IPO
NEW YORK (BLOOMBERG) - Chinese bike-sharing giant Hello has formally scrapped plans for a United States initial public offering, becoming...
Bosch launches S-E Asian innovation hub in Singapore, in partnership with EDB New Ventures
SINGAPORE - German giant Bosch has launched its South-east Asia innovation hub in Singapore, as it seeks to develop a...