Culture
Citigroup hires Nomura, Wells Fargo traders in foreign-exchange business push across Asia
[SINGAPORE] Citigroup has hired seven personnel, including former traders from Nomura International and Wells Fargo, to boost its foreign-exchange business in Asia. Nicky Lam, formerly of Nomura in Singapore,...
Hiew Yoon Khong’s exit: help list Mapletree or merge it with CapitaLand
Lay the foundations for Mapletree’s next chapter and let retail investors own equity in it HIEW Yoon Khong has been group chief executive officer of Temasek’s wholly owned Mapletree Investments...
SoftBank’s 40% slide since October underscores mounting worry over its giant OpenAI bet
Japanese tech investor leads AI selloff amid concerns over new pressure on OpenAI after Gemini 3.0 debut[TOKYO] Growing unease over frothy artificial intelligence valuations is weighing on shares of...
Japan’s Nikkei surges after Wall Street’s gains
[TOKYO] Japan’s Nikkei share average surged on Wednesday (Nov 26), with tech stocks leading the charge in a broad-based rally after Wall Street closed higher overnight on increasing prospects...
China likely to bid on building new Panama Canal ports
The Panama Canal Authority plans to award contracts for the two terminals in late 2026 and begin operations in 2029[PANAMA CITY] China is among parties interested in bidding to...
China buys at least 10 US soybean cargoes in new deals after Trump-Xi call: sources
[BEIJING] China bought at least 10 cargoes of US soybeans worth around US$300 million in contracts signed since Tuesday, two traders with knowledge of the deals said, a day...
RHB initiates coverage on Keppel Infrastructure Trust with ‘buy’ call
The analyst sets a target price of S$0.55 and says the trust should have a ‘modestly growing’ distribution profile[SINGAPORE] RHB on Wednesday (Nov 26) initiated coverage on Keppel Infrastructure...
Brookfield builds decarbonisation platform with maiden renewable investments in the Philippines, Thailand and Vietnam
The global investment firm aims to catalyse platforms that deliver reliable, low-carbon energy[SINGAPORE] Brookfield Asset Management has made its first renewables investments in the Philippines, Vietnam and Thailand as...
Gold drifts higher on US rate cut expectations
Markets are pricing in an 84% chance of a Fed rate cut next month, compared to 50% last week, according to CME Group data[BENGALURU] Gold prices nudged higher during...
Brookfield, GIC to weigh buyout of National Storage Reit: sources
The volume of mergers and acquisitions involving Australian companies as either targets or sellers has fallen to around US$70 billion this year[LONDON] Brookfield Asset Management and Singapore’s GIC are...
