Culture
First Sponsor raises S$244 million from oversubscribed rights issue
It intends to use net proceeds to fund expansion plans, strengthen financial position and capital baseMAINBOARD-LISTED property developer First Sponsor Group on Wednesday (Sep 25) said it raised gross...
Global debt hits record US$312 trillion, climate finance a challenge, banking trade group says
Global debt hit a record high of US$312 trillion at the end of the second quarter, driven by borrowing in the United States and China, while a key debt...
US firm SI Group to shutter chemical manufacturing facility on Jurong Island
The company will continue supplying alkylphenol with other manufacturing facilities in Europe and the AmericasCHEMICALS company SI Group will close its alkylphenol manufacturing facility on Jurong Island in the second...
US: Wall St opens subdued as investors await Fed rate clues, data
Wall Street had a subdued start on Wednesday (Sep 25), with investors awaiting further indicators on the state of the economy and potential interest rate reductions, a week after...
Perennial opens four hotels at its S$1 billion Tianjin development
PERENNIAL marked the official opening of its hospitality cluster and the construction completion of its medical cluster at its transit-oriented development in Tianjin on Wednesday (Sep 25).The S$1 billion...
Visa sued by US in antitrust case over debit card markets
The US Justice Department sued Visa, alleging the global payments giant illegally monopolised the debit card market, in the Biden administration’s first major antitrust case in the financial services...
India asks Tamil Nadu state to intervene in Samsung workers strike
Labour minister Mansukh Mandaviya has urged the state government to intervene for an “early and amicable” resolutionIndia’s federal labour minister asked the southern state of Tamil Nadu to resolve...
Yen loses ground after China’s stimulus boost
THE yen lost ground to major currencies on Wednesday (Sep 25), while the renminbi hit its strongest level in over a year, as China’s aggressive stimulus package provided the...
Google complains to EU over Microsoft cloud practices
ALPHABET unit Google filed a complaint to the European Commission on Wednesday (Sep 25) against what it said were Microsoft’s anti-competitive practices to lock customers into Microsoft’s cloud platform...
Prosus sells entire stake in China’s Trip.com
This comes after Walmart sold its entire holding in Chinese e-commerce company JD.com for US$3.6 billionINTERNET investing company Prosus has sold its entire stake in online travel agency Trip.com...
