Culture
Opec+ makes another large oil output hike in market share push
[LONDON] Opec+ agreed on Sunday (Aug 3) to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain...
Perennial setting up 500 million yuan general hospital in Shanghai
[SINGAPORE] Singapore-based real estate and healthcare company Perennial Holdings announced on Thursday (Jul 31) that it has entered into a partnership with the Lujiazui Administrative Bureau of the China...
Asian markets with strong policy support stand to gain as Fed defies Trump’s demand to cut rates
[SINGAPORE] The US Federal Reserve’s decision to defy President Donald Trump’s demands by keeping interest rates unchanged for the fifth straight time was broadly in line with market expectations....
Lufthansa reports higher-than-expected Q2 earnings
Published Thu, Jul 31, 2025 · 01:23 PM[BERLIN] Lufthansa on Thursday reported better second-quarter results than expected, boosted by low oil prices and currency effects, and confirmed its full-year...
Seatrium to pay over S$240 million to Brazilian, Singapore authorities over corruption offences
[SINGAPORE] Seatrium is putting a long-running corruption case behind it with the payment of financial penalties of more than S$240 million to the authorities in Brazil and Singapore. On...
First Reit reports lower H1 DPU of S$0.0113 on FX depreciation, enlarged unit base
Rental and other income for H1 2025 falls 2.9% to S$50.5 million from S$52 million[SINGAPORE] The manager of First Reit reported a 5.2 per cent fall in H1 2025...
Tariffs hit Inchcape’s Asia-Pacific sales, shares drop 10%
[LONDON] British car distributor Inchcape reported weaker first-half results on Tuesday (Jul 29) as US tariffs dampened demand for high-end vehicles in the Asia-Pacific region, hitting sales and sending...
China’s Premier Li Qiang proposes global AI cooperation organisation
[SHANGHAI] Chinese Premier Li Qiang on Saturday (Jul 26) proposed establishing an organisation to foster global cooperation on artificial intelligence (AI), calling on countries to coordinate on the development...
LVMH in talks to offload fashion label Marc Jacobs: sources
[NEW YORK] French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs, sources familiar with the matter told Reuters on Friday...
Rising affluence, rate cuts fuelling housing market, but economic uncertainty is a wild card: Knight Frank
[SINGAPORE] Interest rate cuts, growing affluence and low unemployment rates spell good news for Singapore’s private residential market, but a cocktail of challenges could test the otherwise resilient sector....
