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Singapore stocks rise amid Fed rate-cut hopes; STI up 0.4%
SINGAPORE shares reversed earlier losses to close in the green on Thursday (Dec 12), with Asia-Pacific markets mostly in positive territory as mild inflation data from the United States...
Commerzbank to assign more employees to branches in revamp
COMMERZBANK is assigning more employees to work in its branches as it seeks to boost the business its does with clients and meet ambitious new targets.As part of a...
Stocks to watch: Del Monte Pacific, Trek 2000 International
THE following companies saw new developments that may affect trading of their securities on Thursday (Dec 12): Del Monte Pacific: The Philippine food-and-beverage manufacturer’s net loss deepened to US$22.2...
IFC, HSBC ink US$1 billion risk-sharing facility to boost trade financing in emerging markets
The two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countriesTHE International Finance Corporation (IFC), the World Bank’s private finance...
IFC, HSBC inks US$1 billion risk-sharing facility to boost trade financing in emerging markets
The two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countriesTHE International Finance Corporation (IFC), the World Bank’s private finance...
Bank of America promotes 387 employees to managing director: source
Bank of America (BOA) has promoted 387 employees to managing director roles in 2024, 16 per cent more than last year, a source familiar with the matter said on...
Apple working with Broadcom to develop AI chip: report
APPLE is working with Broadcom to develop its first server chip specially designed for artificial intelligence (AI) processing, the Information reported on Wednesday (Dec 11), citing sources with direct...
Nvidia challenge to investor suit spurned by Supreme Court
THE US Supreme Court dismissed an appeal by Nvidia, leaving it to face a lawsuit that accuses the company of misleading shareholders about its reliance on crypto-mining revenue in...
China is urging EV firms to invest in South Africa, official says
CHINA is encouraging its electric vehicle (EV) manufacturers to invest in South Africa as it seeks to broaden ties between the two nations. “We encourage the Chinese companies to...
Stability, rich talent pool in South-east Asia drive double-digit growth for Citi across inter-Asean trade corridors
Governments in the region are welcoming of supply chain shifts, says the bank’s co-head of corporate banking THE South-east Asia region is favoured for its relative stability, geographic location and...
