Culture
Vitol plans to cut costs by taking aluminium from London Metal Exchange warehouses in Malaysia: sources
ENERGY and commodities trader Vitol is attempting to reduce its storage costs with plans to remove significant amounts of aluminium from…
Section
Culture
Culture
Fed officials signal interest rates likely on hold for a while
SEVERAL Federal Reserve officials confirmed on Thursday (Jan 9) that the US central bank will likely hold interest rates at current levels…
Culture
Europe: Markets rise as mining, healthcare surge amid bond market jitters
EUROPEAN markets ended on Thursday (Jan 9) on a high note, driven by a rally in healthcare and mining sectors, despite uncertainties over…
Culture
Firm dollar adds pressure to sterling and euro
The US dollar charged ahead on Thursday (Jan 9), underpinned by rising Treasury yields, putting the yen, sterling and euro under pressure…
Culture
Sats and WFS clinch 14 new cargo and ground handling contracts from Air India
IN-FLIGHT caterer and ground handler Sats and its wholly-owned subsidiary Worldwide Flight Services (WFS) have been awarded 14 new…
Culture
Ong Beng Seng acquires 150,000 more shares in Hotel Properties for S$537,000
PROPERTY tycoon Ong Beng Seng has acquired 150,000 shares in Hotel Properties Limited (HPL) via an off-market transaction for S$3.58 per…
Culture
China car sales maintain growth pace in 2024, EV and hybrid sales hit record
CHINA’S car sales maintained their growth pace in 2024 as sales of electric vehicles and plug-in hybrids in the world’s largest auto…
Culture
Apollo to boost staffing for Japan and Asia wealth, top regional executive says
APOLLO Global Management plans to expand in Japan and add staff to its Asia wealth business, its regional top executive said, as global…
Culture
Hyundai Motor Group to invest record 24.3 trillion won in South Korea this year
SOUTH Korea’s Hyundai Motor Group said on Thursday (Jan 9) that it planned to boost domestic investment by 19 per cent to a record high of…
Culture
Maybank initiates Parkway Life Reit at ‘buy’ with S$4.10 target on strong growth prospects
The analyst expects its acquisition in France, in-built rent escalation in Singapore to support DPU growth MAYBANK Securities has…
Culture
Thai central bank rebuffs demand for steps to boost inflation
THAILAND’S central bank is comfortable with the outlook for subdued inflation as it focuses the monetary policy to ensure financial…
Culture
Gold subdued; investors await US data for cues on Fed’s policy path
GOLD prices were subdued on Thursday (Jan 9) as rising yields and a stronger US dollar weighed, while investors awaited US data for…
Culture
Singapore shares retreat at Thursday’s open; STI down 0.5%
SINGAPORE shares started trading in negative territory on Thursday (Jan 9), mirroring overnight losses in European markets. As at 9.01 am,…
Culture
Stocks to watch: Suntec Reit, China Everbright Water, Tan Chong International
THE following companies saw new developments that may affect trading of their securities on Thursday (Jan 9): Suntec Real Estate…
Culture
Japan’s Seven & i Holdings reports 24% drop in third-quarter profit
Profit fell to 128 billion yen (S$1.1 billion) in the period from September to November Japan’s Seven & i Holdings, operator of the…
Culture
BlackRock to cut about 1% of its employees; asset managing giant has over 20,000 staff
BLACKROCK told employees it’s cutting roughly 1 per cent of its workforce after it committed more than US$25 billion for acquisitions last…
Culture
Blackstone’s infrastructure fund for individuals raises more than US$1 billion
BLACKSTONE is betting individuals will turn the firm into a bigger force in roads, ports and data centres. The alternative asset manager…
Culture
Fed minutes show officials were eager to slow interest-rate cuts
FEDERAL Reserve officials in December adopted a new stance on rate-cutting amid elevated inflation risks, deciding to move more slowly in…
Culture
Gordon Tang and wife increase cash offer for Suntec Reit to S$1.19 a unit
THE mandatory conditional cash offer made by property tycoon Gordon Tang and his wife Celine to acquire all the units of Suntec Real…
Culture
MAS equities market review group to complete report by August
THE Monetary Authority of Singapore (MAS) group undertaking a review of the equities market is targeting to complete its report by August…
Culture
Car dealer Tan Chong expects unrealised loss of HK$29 million for FY2024
TAN Chong International said on Wednesday (Jan 8) that it expects to record an unaudited unrealised loss of HK$29 million (S$5.1 million)…
Culture
Japan’s Seven & i deal related to national security: economy minister
JAPANESE economy minister Ryosei Akazawa said on Wednesday (Jan 8) he believed a potential foreign acquisition of retail giant Seven & i…
Culture
Japan flags foreign takeover of 7-Eleven owner as a national security issue
A POTENTIAL foreign acquisition of Japanese retail giant Seven & i would be “heavily related” to national security, Japan’s Economy…
Culture
iShares MSCI Asia ex-Japan Climate Action ETF crosses US$1.22 billion in AUM
IN over a year since its launch, the iShares MSCI Asia ex-Japan Climate Action ETF has surpassed US$1.22 billion in assets under…