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KPMG Cuts 500 Staff, Spares Audit Team Amid Scandal Fallout
KPMG Australia axes 500 staff including 50 partners after audit scandal. Audit division spared despite being central to misconduct. Treasury considers breaking up Big Four.
STI Falls 1.2% on August 19 as Bank Stocks Slip; Meyka Rates Index Hold
Singapore’s STI index fell 1.2% on August 19 as DBS, OCBC, and UOB slipped. The three banks account for 57% of the index’s weight, raising concentration concerns despite a strong 24% year-to-date rally.
Shiprocket IPO Listing: Shares Debut at 35% Premium on NSE as ₹1,617.48 Crore Issue Delivers Strong Gains
Shiprocket IPO delivered a strong stock market debut on Wednesday, August 19, 2026, listing at ₹131 per share on the NSE. That marks a 35.05% premium over the IPO’s upper price band of ₹97. The ₹1,617.48 crore issue pushed Shiprocket’s market capitalization to ₹9,531 crore at listing. Strong investor demand throughout bidding translated directly into…
SpaceX Hits 100 Launches in 2026 as Falcon 9 Sends 24 Starlink Satellites Into Orbit
SpaceX reached its 100th launch of 2026 on August 18, sending another batch of Starlink satellites into orbit aboard a Falcon 9 rocket. This marks the third consecutive year SpaceX has hit the century mark for annual launches. The vast majority of 2026’s missions have carried Starlink satellites, reinforcing the company’s dominant position in commercial…
Orient Electric Launches Ecotech Volt Fan With 10-Hour Battery Backup on August 19
Orient Electric launches Ecotech Volt BLDC fan with 10-hour battery backup at Rs 4,594 on sale. Uses 28W motor, 50% less energy than conventional fans, available in two colors.
Harland & Wolff’s Samson and Goliath Cranes Set for £3.1 Million Overhaul as Belfast Shipyard Modernises
Harland & Wolff’s Samson and Goliath cranes are set for a £3.1 million overhaul, owner Navantia UK confirmed this week. The iconic yellow gantry cranes have towered over Belfast’s skyline for more than five decades. Work has already begun on Goliath, the older of the pair, with Samson to follow once that refurbishment finishes. The…
CBA Shifts 9M Customers to Virgin Rewards as Qantas Points Lose Value
Commonwealth Bank relaunches loyalty program with Yello points on October 1, favoring Virgin Velocity over Qantas. 9 million customers now earn points on home loans, savings, and insurance alongside credit cards.
Zoho’s Sridhar Vembu Flags 500% Memory Price Surge, Warns of Business Crisis
Zoho founder Sridhar Vembu warns memory prices up 500% in 12 months, driven by AI data centre demand. DDR5 kits now cost 10x their lowest prices. Software companies face margin pressure.
Global Bond Yields Hit 30-Year Highs on August 19 as Oil Soars Past $91
Global bond yields surge to 30-year highs as Middle East tensions spike oil to $91/barrel and stall U.S.-Iran peace talks. Japan’s 10-year yield hits highest level since 1996.