Culture
Asia: Stocks swing as traders bide time ahead of US rate decision
ASIAN stock markets were mixed on Wednesday as investors bided their time ahead of an expected US interest rate cut later in the day.…
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Culture
Culture
Skylink opens at S$0.245 following reverse takeover by Sincap
The company has been revived from a reverse takeover of home-grown commercial vehicle specialist Skylink Apac by Sincap Group Skylink…
Culture
China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers
China on Wednesday called the framework deal reached in Madrid to switch short-video app TikTok to US-controlled ownership a “win-win” and…
Culture
Carro raises US$60 million to capture Japanese used car demand in Asia Pacific
The company says it expects overall demand for used cars and plug-in hybrid electric vehicles from Japan to grow South-east Asia’s largest…
Culture
Nissan to shut design studios in US and Brazil and downsize London, Japan operations
The Japanese automaker says that the restructuring, which will be completed by the end of fiscal 2025, is aimed at streamlining its design…
Culture
China’s Chery Automobile seeks up to HK$9.1 billion in Hong Kong IPO
Chery Automobile is seeking to raise as much as HK$9.1 billion (S$1.5 billion) in a Hong Kong initial public offering (IPO), kicking off…
Culture
Morgan Stanley CIO favours 60/20/20 portfolio strategy with gold as inflation hedge
A 60/20/20 portfolio strategy that includes 20 per cent gold is a more resilient inflation hedge at a time when US equities are offering…
Culture
Trump says US has a buyer for TikTok
President Donald Trump said on Tuesday (Sep 16) that the US and China have a deal that will keep the short-video app TikTok operating in…
Culture
US: Wall Street opens higher on rate cut expectations
Wall Street’s main indexes opened higher on Tuesday (Sep 16) as investors priced in expected interest rate cuts from the Federal Reserve…
Culture
Apac family offices responded most vigorously to tariff turmoil globally: report
Family offices in the Asia-Pacific region responded more vigorously to tariff turmoils than their counterparts elsewhere, a report has…
Culture
Musk answers Tesla’s pay proposal with US$1 billion stock buy
ELON Musk responded to an unprecedented pay proposal from Tesla’s board by buying about US$1 billion worth of shares, sending the stock…
Culture
Indonesia weighs new central bank mandate; rupiah weakens
INDONESIAN lawmakers are weighing changes at the central bank that include a broader mandate and a lower bar for removing senior…
Culture
STI closes flat on Tuesday as regional peers gain
Decliners outnumber advancers 278 to 256 in the broader market, with 1.5 billion shares worth S$1.4 billion changing hands The Straits…
Culture
Food-delivery platform foodpanda to rely on affordability, convenience and quick commerce to drive growth
It has been eight months since Bhavani Shankar Mishra took over the hot seat as Singapore managing director for food-delivery platform…
Culture
China's Tencent aims to raise US$1 billion equivalent in dim sum bonds
Chinese gaming and social media leader Tencent Holdings is aiming to raise the equivalent of US$1 billion in a three-tranche offshore yuan…
Culture
Nvidia’s new RTX6000D chip for China finds little favour with major firms: sources
[BEIJING/SHANGHAI] Nvidia’s RTX6000D, its newest artificial intelligence (AI) chip tailored for the Chinese market, has seen only lukewarm…
Culture
Majority of BOK board members back future policy easing
South Korea’s monetary policy board said the economy needs more policy interest rate cuts in the coming weeks to address the hit to growth…
Culture
Great Eastern up 2.7%, hits highest price since trading resumption during market hours
Insurer’s shares were suspended in July 2024 after its free float fell under 10% following a failed takeover bid by its parent OCBC Great…
Culture
Australian pension funds to expand use of forex hedging as size grows
Australian pension funds will have to expand the use of foreign exchange hedging as the sector is likely to grow in size to become the…
Culture
Metro soars 6% on news of strategy revamp
The stock hit a two-year high in intraday trade after a BT report on the retailer’s plans to launch new retail concepts Shares of…
Culture
Japan's Nikkei hits record close for fourth day on chip gains ahead of Fed decision
Japan’s Nikkei share average closed at a record high for a fourth consecutive session on Tuesday (Sep 16), as investors scooped up…
Culture
Hong Kong equity deals boom as Chinese firms rush to market
Initial public offerings, secondary share sales and equity-linked transactions are all poised for a boom period Hong Kong bankers have…
Culture
Australia says social media ban will not age test all users
AUSTRALIA will not require social media giants to verify the ages of all users under its ban on under-16s using the platforms, Canberra…
Culture
ComfortDelGro, RATP consortium pre-qualifies for Copenhagen Metro bid
KBH Metro Partner, a consortium formed by ComfortDelGro (CDG) and RATP Dev, has been officially pre-qualified to bid for the upcoming…