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Singdao Times
Singdao Times
Latest Singapore News, Events and Headlines

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Asia’s factories feeble despite China bounce, feeds global recession fears

elean 1 July
3 minutes

TOKYO (REUTERS) – Asia’s manufacturing activity stalled in June as many companies were hit by supply disruptions caused by China’s strict Covid-19 lockdowns, while sharp economic slowdown risks in Europe […]

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India raises taxes on gold, oil as rupee plunges to record low

elean 1 July
3 minutes

MUMBAI (BLOOMBERG) – India tightened exports of oil and imports of gold in an all-out effort to support the rupee, which plunged to a new low on Friday (July 1). The currency fell […]

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Cuscaden to own 61.7% of SPH Reit upon close of offer

elean 1 July
1 minute

SINGAPORE (THE BUSINESS TIMES) – The chain offer for SPH Reit has closed with valid acceptances in respect of 402.9 million units, representing about 14.36 per cent of total issued […]

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Crypto billionaire Zhu Su’s good class bungalows may be up for sale after collapse of Three Arrows

elean 1 July
1 minute

SINGAPORE – The market is pondering the fate of at least two good class bungalows (GCBs) belonging to crypto-billionaire Zhu Su and his family. Market sources who are familiar with […]

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Australian housing prices fall as interest rates rise

elean 1 July
2 minutes

SYDNEY (BLOOMBERG) – Australia’s two biggest housing markets, Sydney and Melbourne, led a fall in home values during June as rising interest rates further choked buyer demand. Sydney prices slid […]

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BT Money Hacks Podcast: Currencies emerging as investors’ weapon of choice against inflation

elean 1 July
1 minute

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. Although foreign exchange trading carries a high level of risk that may not […]

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Keppel Infrastructure Trust to take 50% stake in owner of Marina East desalination plant

elean 1 July
2 minutes

SINGAPORE (THE BUSINESS TIMES) – Keppel Infrastructure Trust (KIT) has entered into a non-binding term sheet to purchase from its sponsor a 50 per cent stake in Marina East Water […]

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More AXA Singapore employees depart while others wait for clear manpower plan

elean 1 July
1 minute

SINGAPORE – Three senior officers left AXA Singapore in June following the firm’s exit from the motor and general insurance business. Chief digital and transformation officer Tomasz Kurczyk, who joined […]

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South Korea June exports log slowest growth in 19 months amid soaring inflation

elean 1 July
2 minutes

SEOUL (REUTERS) – South Korea’s June exports grew at their slowest pace in 19 months as soaring inflation constrains global demand for Korean goods, widening the trade gap and fuelling […]

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Grayscale sues US regulator after its Bitcoin ETF is rejected

elean 1 July
2 minutes

NEW YORK (AFP) – Grayscale, which said it managed the world’s largest Bitcoin fund, said it would sue the US Securities and Exchange Commission (SEC) after the regulator turned down […]

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US income and spending lag behind inflation, a sign of economic fragility

elean 1 July
2 minutes

NEW YORK (NYTIMES) – Americans’ income and spending failed to keep pace with rising prices in May, the latest sign that the fastest inflation in a generation is chipping away […]

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After US stock market’s worst start in 50 years, some see more pain ahead

elean 1 July
4 minutes

NEW YORK (NYTIMES) – Wall Street set records in the first half of the year, none of them good. The US economy is on the cusp of a recession, battered […]

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Tesla’s EV market share seen plunging to 11% by 2025 from over 70% now

elean 1 July
2 minutes

NEW YORK (BLOOMBERG) – Tesla is likely to lose its position as the dominant electric-vehicle (EV) maker in the US to GM or Ford by 2025 as competitors release a […]

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Bitcoin falls below US$19,000, further shaking crypto markets

elean 1 July
1 minute

BENGALURU (REUTERS) – Bitcoin dropped 6.1 per cent to US$18,866.77 at 4am on Friday (July 1) Singapore time, putting the biggest and best-known cryptocurrency down US$1,226.41 from its previous close […]

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Blockchain.com cooperating with investigations into Three Arrows

elean 1 July
2 minutes

NEW YORK (BLOOMBERG) – Blockchain.com, a creditor of Three Arrows Capital, said it was cooperating with ongoing investigations into the troubled crypto hedge fund. Blockchain.com and Deribit, a crypto derivatives […]

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US stocks fall as S&P 500 concludes worst first half since 1970

elean 1 July
2 minutes

NEW YORK (AFP) – Wall Street stocks fell on Thursday (June 30), a fitting end to a bruising first half of 2022, finishing solidly lower after US data showed persistently […]

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More industrial space available in government land sales for second half of 2022

elean 30 June
2 minutes

SINGAPORE (THE BUSINESS TIMES) – The Government has increased its supply of industrial space via its land sales programme for the second half of 2022. There are four sites on […]

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New Zealand to enter recession in 2023 as confidence slumps: BNZ

elean 30 June
2 minutes

WELLINGTON (BLOOMBERG) – New Zealand will enter a recession next year that could be deeper than expected, Bank of New Zealand (BNZ) economists said after a survey showed business sentiment […]

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JPMorgan says crypto’s deleveraging cycle won’t last much longer

elean 30 June
2 minutes

SINGAPORE (BLOOMBERG) – The current phase of deleveraging in cryptocurrencies is at an advanced state and may not last much longer, according to JPMorgan Chase & Co. Multiple crypto company […]

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China AI giant SenseTime shares dive as much as 51% as lockup expires

elean 30 June
2 minutes

HONG KONG (BLOOMBERG) – Chinese artificial intelligence software maker SenseTime Group slumped as much as 51 per cent in Hong Kong on Thursday (June 30), after a lockup of its shares […]

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