Samsung forecasts strong chip demand as Q2 profit jumps
SEOUL (REUTERS) - The world’s top maker of memory chips and smartphones posted a 54 per cent jump in operating profit...
Business
Singapore banks’ shares surge after MAS lifts dividend cap; higher payouts expected
SINGAPORE - Shares of Singapore's three listed banks rose strongly on Thursday (July 29) after the Monetary Authority of Singapore...
Here’s how China cracked down on its biggest companies
BEIJING (AFP) - With market-trembling new rules and investigations, Beijing's crackdown on its most prominent companies has seeped into nearly...
China stocks rally as Beijing intensifies effort to calm market
HONG KONG (BLOOMBERG) - Stocks in China and Hong Kong jumped on Thursday (July 29), after authorities intensified efforts to calm...
Robinhood, gateway to ‘meme’ stocks, raises $2.85 billion in IPO
NEW YORK (REUTERS) - Robinhood Markets, the owner of the trading app which emerged as the go-to destination for retail...
Keppel divests stake in Chengdu real estate firm for $324 million
SINGAPORE (THE BUSINESS TIMES) - Keppel Land China will divest 100 per cent of its equity interest in Chengdu Shengshi...
mm2 Asia gets offer for Cathay cinema business from Kingsmead Properties
SINGAPORE - Singapore-listed mm2 Asia has received an offer for its Cathay cinema business from local financial investment firm Kingsmead...
China state media seeks to calm investor nerves after stock rout
BEIJING (BLOOMBERG, AFP) - A move by Chinese state media to reassure investors shaken by Beijing’s regulatory crackdown saw a mixed...
Robinhood says US watchdogs probing staff meme stock trading ahead of IPO
WASHINGTON (REUTERS) - Robinhood Markets disclosed on Tuesday (July 27) it has received inquiries from United States watchdogs asking whether...
4 international companies to set up base in Punggol Digital District, creating about 2,000 jobs
SINGAPORE - Four international companies have confirmed their plans to set up base in Punggol Digital District, a move that...