Latest Reporting by Straits Times — Business
20 Stories IndexedJapan’s benchmark 10-year bond yield reaches 3% level for first time in 30 years
The five-year rate is at a record high, and the two-year yield is at a 31-year peak.
Solar surpasses coal as China’s top source of power capacity
China’s solar power capacity reached 1,286 gigawatts by July, accounting for 31.5% of the nation’s total installed generation capacity. This level overtook coal, making solar the largest source of power capacity in the country. The shift reflects rapid growth in renewable infrastructure and a decline in coal’s share.
Global AI boom fuels Asia factory expansion in August
Asian factories expanded output in August as AI product demand rose, offsetting higher costs from global conflicts. The growth highlights the role of AI in sustaining manufacturing activity amid economic headwinds.
Shein shares slide as much as 10% in long-awaited Hong Kong trading debut
Fast-fashion giant's valuation now just slightly above a quarter of its US$100 billion peak in 2022.
Frasers Property acquires Cuppage Terrace in Orchard Road area for $175 million
The asset is located next to The Centrepoint, Frasers’ flagship property on Orchard Road.
Keppel DC Reit spends $1.5 billion on two freehold data centres in Japan
Keppel DC REIT announced a $1.5 billion investment to acquire two freehold data centre sites in Japan, expanding its Asian footprint. The deal adds significant data infrastructure capacity in the region. The REIT also plans to raise at least $600 million via a private placement on September 10.
Marina Square mall to close in March 2027 for redevelopment; new luxury homes and hotel to be added
Marina Square mall will close in March 2027 for a major redevelopment that will replace the retail complex with luxury residences, a serviced apartment, a hotel and office space across its 360,000 sqm site. The project aims to transform the area into a mixed‑use precinct, shifting its focus from shopping to high‑end residential and hospitality offerings.
Anthropic seals $44 billion cloud deal with Nvidia-backed Lambda
Nvidia has been using its financial resources to expand access to computing infrastructure.
California, Writers Guild ask court to reject Paramount request for $2.4 billion bond
Paramount is seeking the bond to address the costs of acquiring Warner Bros.
Oil prices rise as latest fighting resurrects Middle East supply disruption risks
Brent crude futures were up 56 cents, or 0.6 per cent, to US$91.05 a barrel at 8.44am.
Bessent expects Japan to take action to boost yen, signals BOJ rate-hike chance
The yen gained against the dollar after Bessent’s comments.
GetGo launches cross-border car rentals to Malaysia
Users can book vehicles through the app and pick them up from the nearest car park.
Pay and perks: How banks in Singapore compete for wealth management talent
Non-monetary factors like work-life balance also shape choice of employer in talent war.
Wall Street closes lower as oil prices jump, indexes notch monthly gains
The Dow Jones Industrial Average fell 374.09 points, or 0.7 per cent, to 53,185.90.
Shein valued at $33.5 billion in Hong Kong market debut
But the valuation is well below what it commanded during private fund-raising rounds in 2022.
UltraGreen.ai share-price plunge poses early test for SGX’s push for a wider variety of IPOs
The sell-off underscores the challenges of understanding specialised businesses.
Singapore, Indonesia operationalise local currency transaction framework
Appointed cross currency dealers can settle bilateral transactions in rupiah and Singdollar.
Honda, Nissan to roll out jointly developed vehicle software, control units in FY2029
Software has become a key battleground for automakers as vehicles take on more autonomous-driving functions.
Victoria Beckham’s fashion and beauty brand posts its first profit
High-end fashion and beauty brands are dealing with a tricky demand environment.