Culture
Yen hits 6-week high after faster-than-expected inflation support bets for a Dec BOJ rate hike
THE Japanese yen jumped to a six-week high against the dollar on Friday (Nov 29) after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate...
Britain’s jobs statistics crisis gives banks a growing headache
Britain’s banks may be putting extra money aside to cover bad loans due to confusion around the country’s faulty labour market data. Lenders use the unemployment rate alongside other metrics,...
Adani says his empire will emerge stronger after US bribery case
Indian billionaire Gautam Adani struck a combative tone in his first public remarks since US prosecutors indicted him in a US$250 million bribery scheme, saying “every attack” makes his...
European-focused S-Reits broaden their mandate, confident that continent has moved beyond the market trough
MARKET conditions in the European property sector are showing signs of improvement, which is expected to positively impact Singapore-listed real estate investment trusts (S-Reits) with exposure to this segment....
DBS buys back nearly S$15m of its shares; AGT Partners becomes Oiltek’s substantial shareholder
OVER the five trading sessions from Nov 22 to 28, institutions were net buyers of Singapore stocks, resulting in a net institutional inflow of S$188 million, reversing the net...
Rush to ‘value up’ may be Asia stocks’ best defence against Trump
A JAPAN-inspired strategy of seeking to boost shareholder returns, corporate governance and market valuations is spreading like a wildfire across Asia.From Seoul to New Delhi, governments and regulators are...
JPMorgan agrees to drop lawsuit against Tesla over stock warrants
US LENDER JPMorgan Chase agreed on Friday (Nov 29) to drop its lawsuit against Tesla that accused the electric vehicle maker of “flagrantly” breaching a contract between the two...
Major Canadian media sue OpenAI in case potentially worth billions
CANADA’S biggest news organisations on Friday (Nov 29) sued OpenAI, accusing it of using their articles without permission to help train its artificial intelligence chatbot ChatGPT in a case...
Simon Cheong’s AVJennings attracts S$326 million privatisation offer from US fund
SINGAPORE and Sydney dual-listed property player AVJennings (AVJ), which is controlled by real estate tycoon Simon Cheong, is set to be taken private after American real estate fund Proprium...
Dollar sees biggest weekly drop in a year as Trump trade stalls
THE US dollar is heading for the biggest weekly loss in a year, pulling back from the sharp run up fueled by speculation that Donald Trump’s policies will push...
