Business News
Curated business and financial news from top sources across Asia — banking, fintech, healthcare, enterprise, and markets.
Pimco fund beating 97% of peers cuts Magnificent Seven to bet on Asia
Wall Street is growing sceptical over whether high valuations, soaring AI spending can justify further gains
Read more →KKR buys stake in Malaysia’s Avisena in healthcare push
The investment will drive the healthcare company’s next phase of growth; financial details have not been given
Read more →India’s key money market gets unusually quiet at start of trade
The freeze in activity has implications for monetary policy
Read more →Economists see final ECB hike next week in split with markets
The Strait of Hormuz “has become the swing factor for the ECB’s future decisions”
Read more →Barclays steps up Singapore wealth push with launch of private bank booking centre, its second in Asia-Pacific
The lender previously exited the wealth business in Singapore and Hong Kong in 2016
Read more →Volkswagen plans to slash 50,000 more jobs amid dire need to reduce costs
The new cuts announced on Sep 3 bring total reductions to around 100,000
Read more →Top automakers urge US Congress to permanently ban Chinese cars
Companies such as BYD and Geely are quickly gaining market share around the world
Read more →StanChart sees China-Asean growth accelerating as ‘China Plus N’ strategy takes hold
Bank sees growing use of the renminbi for payments, financing and liquidity management as Chinese companies expand across the region
Read more →Addvalue secures US$5 million in new orders across space, radio units
The group’s order book now stands at about US$20.2 million
Read more →Lululemon cuts outlook again, highlighting to-do list for new CEO
Sales of its leggings fell about 20%
Read more →‘Most of the good ones aren’t looking’: Singapore fintechs flag challenge of finding talent with both finance and tech skills
Beyond internships to build up the pipeline, observers say the task at hand is to find experienced hires
Read more →US Fed’s Waller says safety premium for Treasuries is gone, pushing neutral rate higher
Waller‘s comments helped push Treasury yields lower on Thursday
Read more →Nvidia to buy Hugging Face for US$13 billion in big bet on open AI models
Shares of the company were up 1.5% after the deal was announced
Read more →Green jet fuel levy for air cargo deferred for a year
[SINGAPORE] A green jet fuel levy for air cargo will be deferred for a year and start from Oct 1, 2027, for flights...
Read more →Yen rallies sharply as markets raise bets on Bank of Japan rate hikes; US dollar drops
A Bank of Japan rate hike this month is nearly fully priced in by markets
Read more →Singapore records S$1.3 billion inflow of funds in Q2, led by higher allocation funds: Morningstar
The financial services firm notes increasing underlying interest in local equities today
Read more →Malaysia's finance ministry hires adviser to assess AirAsia’s funding needs
South-east Asia’s largest budget carrier seeks fresh capital amid mounting financial pressure
Read more →Malaysia’s central bank holds rates again, says growth momentum to continue in 2027
Bank Negara Malaysia maintains its overnight policy rate at 2.75%
Read more →‘Stratospheric’ US$127 billion from India’s diaspora to aid rupee
An aggressive push by lenders in hubs such as Dubai, Singapore and London helps to drive the surge in inflows
Read more →Australian dollar hovers near 13-year high on kiwi as rate outlooks diverge
The kiwi bounced 0.2 per cent to US$0.5863
Read more →From tokens to outcomes: Google Cloud’s global startups head sees AI cost shift, expands Singapore push
Darren Mowry is looking to grow the customer service and support, engineering and ecosystem teams
Read more →Yen traders brace for holiday intervention risk around Bank of Japan
The country has spent a record US$96.4 billion over the past month to support the yen
Read more →UBS opens institutional fund strategies to Asia’s wealthy – with US$5 million buy-in
The lender is wooing family offices and the ultra-rich with exclusive strategies, deeper portfolio analytics
Read more →