Culture
Will 2025 herald an IPO revival in China?
PRIVATE equity (PE) and venture capital (VC) funds in China had another gloomy year in 2024, but many in the industry are hoping that a…
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Culture
Culture
Sunac can’t rule out second offshore debt overhaul
Defaulted property developer Sunac China Holdings said it can’t rule out a second offshore debt restructuring as a prolonged property…
Culture
Buffett's US$277b cash hoard after selling Apple is a warning
Warren Buffett has been selling a lot of stock, and that revelation is inducing his many admirers to follow suit. His Omaha,…
Culture
US stock market races reality check in high-bar earnings season
The US stock market’s strongest two-year rally since the dot-com bubble is heading for its next big test as companies start releasing…
Culture
Why Singapore is bringing blockchain into mutual funds
Most people see “blockchain” and “funds” in the same sentence and immediately think of pools of money betting on cryptocurrencies such as…
Culture
US extends deadline for Nippon Steel to end US Steel bid to June
The Committee on Foreign Investment in the United States (CFIUS) approved an extension of the deadline for Nippon Steel to abandon its…
Culture
JPMorgan asks staff to return to office five days a week, prompting complaints
US BANK JPMorgan Chase on Friday asked its employees who are on hybrid work schedules to return to the office five days a week starting in…
Culture
Big media pulls plug on Venu sports streaming service before launch
WALT Disney, Fox and Warner Bros Discovery on Friday (Jan 10) abandoned plans to launch Venu Sports, their live sports joint venture,…
Culture
Japan’s NTT appoints banks for US$1 billion data centre Reit IPO in Singapore: sources
JAPAN’S Nippon Telegraph & Telephone Corp (NTT) has appointed Bank of America and UBS to work on a US$1 billion data centre real estate…
Culture
EDB executive vice-president Tan Kong Hwee to be appointed CEO of Ipos
TAN Kong Hwee, executive vice-president of the Singapore Economic Development Board (EDB), will be appointed the chief executive of the…
Culture
Investors must diversify to navigate ‘world of uncertainty’ in 2025
Focus on defensive strategies, particularly around Asia and countries with minimal trade exposure, say investment strategists INVESTMENT…
Culture
Prada among suitors for Versace, newspaper reports
ITALY’S Prada is among the potential suitors looking at fashion group Versace which Capri Holdings has put up for sale, daily Il Sole 24…
Culture
Gold dazzled last year, but may lose some lustre in 2025
With the Year of the Snake upon us, market watchers are split on how the precious metal will fare after a record-breaking 2024 WHEN…
Culture
S&P assigns ‘BBB-’ rating for Stoneweg European Reit on stable outlook
S&P Global Ratings has assigned Stoneweg European Real Estate Investment Trust (Stoneweg E-Reit) a “BBB-” long-term issuer credit rating,…
Culture
Property a big winner: Potential Malaysia beneficiaries from Johor-Singapore SEZ
While there are probable Singapore winners arising from the Johor-Singapore Special Economic Zone (JS-SEZ), analysts believe that there…
Culture
Miyoshi chief executive slapped with S$22,400 fine for accounting irregularity
THE chief executive and executive director of Miyoshi, Andrew Sin Kwong Wah, has been fined S$22,400 for failing to recognise an…
Culture
Ultraman toymaker becomes a billionaire after frenzied Hong Kong IPO
THE frenzy over a toymaker’s Hong Kong initial public offering has created a new billionaire. Zhu Weisong, founder and chairman of Bloks…
Culture
Asia: Markets drift lower as US jobs data looms
EQUITIES fell again in Asia on Friday (Jan 10) as traders prepared for the release of US jobs data that could play a key role in the…
Culture
Nvidia partnership puts MediaTek stock on course for record high
INCREASED collaboration with Nvidia has pushed investor optimism over the artificial intelligence (AI) growth potential for MediaTek to a…
Culture
Fu Yu’s largest shareholder requisitions EGM to oust directors amid poor performance
FU YU’S largest shareholder has called for an extraordinary general meeting (EGM) to remove two directors amid dropping shareholder value…
Culture
PBOC says it will temporarily halt buying of government bonds
CHINA’S central bank said it will temporarily halt its buying of government bonds, after the benchmark yield slid to a record low this…
Culture
PBOC halts bond buying to defend yuan as economic gloom worsens
CHINA’S central bank said it will suspend buying government bonds, its latest attempt to temper investor bets on weak economic growth that…
Culture
Wall Street bonuses to jump by double digits at big banks
ATOP Wall Street’s largest investment banks, executives are locking in plans to award traders and dealmakers their biggest bonus increases…
Culture
Millennium hedge fund spinoff Modular expands to Hong Kong
MILLENNIUM Management spinoff Modular Asset Management plans to expand to Hong Kong, the latest hedge fund arrival as the city tries to…