Culture
US: Wall Street indices open higher with Fed remarks in focus
[NEW YORK] Wall Street’s main indices opened higher on Wednesday (Oct 8) following a blip in a steady rally, as investors awaited fresh clues from Federal Reserve officials on...
SGX securities trading volume surges 50.8% in September on stronger equities demand
[SINGAPORE] The Singapore Exchange (SGX) reported a 50.8 per cent year-on-year rise in its securities turnover volume, as demand for local equities maintained its momentum on the local bourse....
Tesla’s cheaper Model Y and 3 face uphill battle in Europe
The company hopes the cheaper cars will revive sales after global deliveries fell in 2024 for the first time[GDANSK] Tesla’s lower-priced versions of its staple Model Y SUV and...
Shippers not expected to pay higher freight rates because of US port fees: Bimco
This is because more than half of the Chinese-built ships are below a stipulated size or are US-owned, and several liner operators have pledged not to raise rates [SINGAPORE]...
Singapore stocks track regional decline; STI down 0.4%
Across the broader market, advancers outnumber decliners 310 to 276, after 1.7 billion securities worth S$1.3 billion change hands[SINGAPORE] Local shares ended Wednesday (Oct 8) lower, tracking a broader...
Nestle bows out of initiative to reduce dairy’s climate impact
[DUBAI] Less than two years ago, a group of the world’s biggest food companies, including Nestle, Danone and Kraft Heinz, announced a major alliance to cut methane emissions from...
Chinese 450 billion yuan optics firm Innolight weighs Hong Kong listing: sources
[HONG KONG] Zhongji Innolight, a Chinese maker of optical communication modules and devices, is considering a listing in Hong Kong, according to people familiar with the matter.The Shandong-based company...
Industrial property developer Soon Hock Enterprise to offer 21.6 million shares at S$0.58 apiece in mainboard listing
Post-IPO, Soon Hock will have a share capital of 310.6 million shares, taking its market cap to an estimated S$180.1 million[SINGAPORE] Industrial property developer Soon Hock Enterprise has launched...
Thai central bank unexpectedly holds rates, trims growth forecast
Policymakers leave the door open to more easing if the glum outlook for the economy deteriorates further[BANGKOK] Thailand’s central bank left its key interest rate steady on Wednesday (Oct...
Temasek-backed Foundation Healthcare mulls US$300 million Singapore IPO: sources
[SINGAPORE] Foundation Healthcare, backed by Temasek Holdings, is considering an initial public offering (IPO) that could value the medical group at more than US$1 billion, according to people with...
