Companies & Markets
More central banks increasing domestic gold storage, diversifying overseas vaulting: survey
The World Gold Council says 93% of respondents reported already holding the metal, up from 81% last year
Yum to sell struggling Pizza Hut chain for US$2.7 billion
Pizza Hut’s share of Yum’s revenue has declined every year since 2019
MPACT prices S$200 million of green bonds at 2.53%
Moody’s has assigned a “Baa2” rating to these bonds
Binance set to lose EU licence bid, permission to offer services in the bloc: sources
The company believes it has met the relevant requirements to be MiCA authorised, a spokesperson said
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Oil drops nearly 3% to 3-month low as markets weigh US-Iran peace deal
Shippers are awaiting reassurance on safety to cross the strait
China signs up 26 financial institutions to digital yuan cross-border payment platform
It supports 24-hour digital payment links with foreign central banks and overseas financial institutions
Boustead Singapore unit renews contract with Australian government for S$60 million
Move is expected to have positive material impact on profitability and EPS in the financial year ending Mar 31, 2027
Trading platform Robinhood to cut 10% of workforce in restructuring
The move comes as companies across sectors continue to scrutinise headcount and management structures
SpaceX set to vault past Amazon in market value as shares extend IPO surge
SpaceX’s options activity is set to begin as soon as Tuesday
SGX mulls new coking coal and steel contracts, executive says
The development of these contracts are at an early stage
