Culture
Asian currencies to regain ‘much-needed’ stability in 2026: DBS report
Countries have also bypassed US to trade with one another in view of tariff risks[SINGAPORE] DBS analysts are upbeat about the region’s prospects for 2026, forecasting that Asian currencies...
Wilmar China unit found guilty of contract fraud, liable for 1.88 billion yuan in losses; looks to appeal judgement
It has been previously sued as an ‘accomplice’ in contract fraud related to palm oil trades [SINGAPORE] A subsidiary of Wilmar International has been found guilty of contract fraud...
Asia’s currency-defence war chest has swelled to US$8 trillion
[MUMBAI] Asia’s foreign-exchange reserves have surged to almost US$8 trillion, providing the authorities from Tokyo to Mumbai with ample ammunition if they need to step up defending their currencies.The...
Shipping giants race to speed up China-Peru trade with new route
The ports of Callao and Chancay are only about 50 miles apart, or a few hours by truck, and both are close to Lima. [LIMA] Competition to accelerate maritime...
Many US Fed members were inclined against December interest rate cut: minutes
Fed Chair Jerome Powell said last month that a further reduction in December was “not a foregone conclusion”MANY US Federal Reserve officials were leaning against another rate cut in...
SGX to reduce board lot size for securities above S$10
[SINGAPORE] Those investors who have been toying with the idea of adding blue-chip stocks to their portfolio but have been put off by their prices may now be able...
Keppel Reit trustee prices S$100 million perpetual securities at 3.28%
[SINGAPORE] The trustee of Keppel Real Estate Investment Trust (Keppel Reit), HSBC Institutional Trust Services (Singapore), on Wednesday (Nov 19) priced its offering of S$100 million worth of subordinated...
Nokia streamlines business to focus on AI infrastructure boom
It plans to restructure into two main divisions – mobile networks and network infrastructure[LONDON] Nokia is banking on the boom in artificial intelligence (AI) and will streamline its business...
Tech unicorns set to benefit from new SGX-Nasdaq dual-listing highway: observers
The new framework allows companies to pursue a dual listing on both Nasdaq and SGX through a single set of documents[SINGAPORE] Tech companies that aim for a Nasdaq listing...
US: Wall Street opens higher as Nvidia test looms
[NEW YORK] Wall Street’s main indexes opened slightly higher on Wednesday (Nov 19) following sharp losses earlier in the week, as investors set their eyes on Nvidia’s earnings which...
