Culture
Six China IPOs debut in Hong Kong after raising HK$7 billion to cap banner year
With more than 300 companies filing to list, the momentum is set to carry into 2026 [SINGAPORE/HONG KONG] Six Chinese companies made their…
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Culture
Culture
LTA awards Obayashi Corp S$281m contract to design and build new Brickland MRT station
The new Brickland station, between Chao Chu Kang and Bukit Gombak stations on the North South line, is targeted to commence passenger…
Culture
Gold hovers near two-week low as investors book profits
Gold hovered near a two-week low on Tuesday (Dec 30) that it touched in the previous session, as year-end profit-taking caused all…
Culture
China’s reawakening puts Asia M&A on confident course for 2026
The country-focused PE firms have also been hunting overseas. The buoyant mood around deals is reverberating through Asia, with major…
Culture
Meta acquires Singapore-based startup Manus to bolster AI business
Meta Platforms has agreed to acquire Singapore-based artificial intelligence (AI) startup Manus, which makes an AI agent that it sells to…
Culture
Citigroup to take US$1.1 billion loss on Russian business unit sale
Other lenders have also scaled back, with Goldman Sachs gaining approval earlier this year to sell its business in Russia Citigroup said…
Culture
Oil settles up over 2% on dented peace hopes in Ukraine, tensions in Yemen
Strong Chinese waterborne crude imports are also helping tighten oil markets, said UBS analyst Giovanni Staunovo Oil prices settled more…
Culture
SoftBank to buy DigitalBridge in US$4 billion deal to bolster AI infrastructure push
The investment firm funds digital infrastructure sectors such as data centres, cell towers, fibre networks and others SoftBank will…
Culture
Blackstone’s AirTrunk is said to explore Singapore Reit IPO
Discussions with prospective advisers say the offering can raise more than US$1 billion, and take place as soon as 2026 [SINGAPORE/HONG…
Culture
Wall St opens lower as rally pauses in final week of 2025
Wall Street’s main indexes opened lower on Monday (Dec 29), as heavyweight technology stocks gave up some ground from last week’s gains…
Culture
Singapore stocks close lower amid silver rally; STI inches down 0.05%
Singapore stocks ended lower on Monday (Dec 29), tracking a mixed regional performance, while silver climbed above US$80 an ounce. The…
Culture
Singapore stocks close lower amid silver rally; STI inches down 0.1%
Singapore stocks ended lower on Monday (Dec 29), tracking a mixed regional performance, while silver climbed above US$80 an ounce. The…
Culture
mm2 Asia unit receives payment demand for S$18.9 million from creditor
A unit of embattled entertainment group mm2 Asia on Monday (Dec 29) said it has received a payment demand for S$18.9 million, even as the…
Culture
China to pay interest on digital yuan in bid to boost adoption
Whether the new interest-bearing arrangements will promote significantly wider adoption of the E-CNY remains unclear CHINA is about to…
Culture
China’s Leapmotor targets annual sales of more than four million units in a decade
Stellantis controls a joint venture that sells and produces cars for the company overseas Chinese electric vehicle (EV) maker Leapmotor…
Culture
Thai IPO drought may persist as issuers chase valuations abroad
The country’s benchmark stock index is Asia’s worst performer this year, declining about 9% Thailand’s beleaguered initial public offering…
Culture
Stocks mostly rise, precious metals slip in quiet Asian trade
Asian equities mostly rose on Monday (Dec 29) in quiet post-Christmas trading as investors look ahead to the release of minutes from the…
Culture
Nio shares climb as much as 6.7% on report of more CATL reliance
CATL will supply 100 kWh batteries to the Nio brand and 85 kWh batteries to the Onvo brand, says CnEVPost Shares of Chinese electric…
Culture
Nio shares climb 5.6% on report of more CATL reliance
CATL will supply 100 kWh batteries to the Nio brand and 85 kWh batteries to the Onvo brand, says CnEVPost Shares of Chinese electric…
Culture
India claims US$30 billion from Reliance Industries, BP for underproduction from gas field: sources
A tribunal has been hearing the dispute in India since 2016 over gas produced from two deepwater fields India is seeking over US$30…
Culture
China’s LandSpace gears up to take on Elon Musk and SpaceX
The country’s state-led space programme has historically been allergic to failed launches China’s rocket startup LandSpace has made no…
Culture
BOJ debated need for more rate hikes even after December move, summary shows
The central bank has said underlying inflation must durably hit its target to justify further rate hikes Bank of Japan (BOJ) policymakers…
Culture
Indonesia set to revamp benchmark rates for money market
Institutions use Jibor to determine interest rates for bank deposits, swaps and consumer loans, among other things Indonesia is set to…
Culture
China's BYD poised to overtake Tesla in 2025 EV sales
Growing Chinese auto giant BYD stands poised to officially surpass Tesla as the world’s biggest electric vehicle (EV) company in annual…