Culture
Thai bonds defy global drop as political crisis fuels rate bets
[BANGKOK] Thailand’s deepening political crisis is insulating its bonds from the global rout, as growing expectations of further interest-rate cuts to support the sluggish economy boost demand for local...
Chinese Zara rival Urban Revivo steps up global push with new stores in fashion capitals
[SHANGHAI] China’s Urban Revivo will open a nearly 2,700-square-metre store in London on Wednesday (Sep 3), its second in the city this year, as the fast fashion retailer often...
Big Food goes small: Kraft Heinz bets on simplicity to boost shares
[NEW YORK] Investment bankers had pitched a breakup to Kraft Heinz for years without success, sources said. The company finally agreed to a split when it realised that two...
CNMC shares strike gold as yellow metal surges again; pure gold play on SGX hits S$0.765 new high
This comes on the back of gold prices’ steady rise in recent times, following a season of market volatility[SINGAPORE] Shares of CNMC Goldmine surged over 12 per cent on...
HSBC AM joins peers with private equity fund targeting wealthy
[LONDON] HSBC Holdings’ asset management (AM) arm is launching a private equity strategy targeting wealthy clients, the latest move by a major investment firm to boost its alternatives offerings...
ANZ starts cutting jobs in institutional banking division
Precisely how many roles will be eliminated from the restructure remains unclear, and the bank has said that it will update investors on the process at a strategy day...
China’s chemicals makers reap reward of shift from oil to coal
[BEIJING] Falling coal prices are shifting the profitability of China’s chemicals sector, away from traditional oil-based producers to the growing number of plants that use the solid fuel as...
Boustead surges 12.8% on the back of Reit listing application
The counter shoots up to S$1.68 as at 10.07 am, gaining S$0.19 from its previous close[SINGAPORE] Shares of engineering and technology group Boustead Singapore surged 12.8 per cent on...
Gold extends record run as US rate-cut bets lift appeal
[BENGALURU] Gold prices extended their record run on Wednesday (Sep 3), holding firm above the key US$3,500 level, driven by growing investor confidence that the US Federal Reserve will...
Google keeps Chrome and Apple deal but must share data in big antitrust ruling
GOOGLE won’t have to sell its Chrome browser, a judge in Washington said on Tuesday, handing a rare win to Big Tech in its battle with US antitrust enforcers,...
