Business
Stocks to watch: Keppel Reit, CLI, MPACT, Ultragreen.ai, Ossia
The following companies saw new developments that may affect trading of their securities on Thursday (Dec 11): Source link
Section
Business
Business
Harvey Norman operator Ossia sets up new units; buys leasehold property, Global Ten Realty
Harvey Norman operator Ossia on Wednesday (Dec 10) said it set up a new special purpose vehicle, Ossia Capital, to hold its property…
Business
Harvey Norman operator Ossia sets up new unit; buys leasehold property, Global Ten Realty
Harvey Norman operator Ossia on Wednesday (Dec 10) said it set up a new special purpose vehicle, Ossia Capital, to hold its property…
Business
Former Cathay cinema operator mm2 gets lifeline after High Court shields it from creditors for 4 months
The company will need to devote its “somewhat finite bandwidth” to restructuring in the coming weeks Former Cathay Cineplexes operator mm2…
Business
Indonesia to levy gold export duties from Dec 23
The taxes will rise to between 10% and 15% once the reference price reaches US$3,200 per troy ounce Indonesia will impose duties on…
Business
Coca-Cola names insider Henrique Braun as new CEO
COCA-COLA on Wednesday named insider Henrique Braun as its new CEO, replacing James Quincey, as packaged food companies try to adjust…
Business
Intel pursued deals that boosted CEO Tan Lip-Bu’s fortune: sources
Some chip-industry analysts have said in research notes that they welcomed Tan’s industry relationships. When the chairman of artificial…
Business
Connecting clients, portfolio companies is next for Japan’s MUFG in Asia-Pacific
Leveraging stakes in banks in Indonesia, Thailand, Vietnam and the Philippines enables MUFG to extend more support to its customers The…
Business
Operating autonomous vehicles in Singapore has ‘symbolic value’ despite small market size: Pony.ai CEO
It is partnering ComfortDelGro to launch commercial autonomous vehicle services in the city-state The Chinese self-driving technology firm…
Business
Oracle posts weak cloud sales, raising fear of delayed payoff
The company has taken out significant sums of debt and committed to leasing multiple data centre sites Oracle posted disappointing cloud…
Business
Bank of America CEO expects markets revenue to jump in fourth quarter
Bank of America CEO Brian Moynihan said on Wednesday he expects revenue from the bank’s markets business to rise between a high…
Business
European shares flat ahead of Fed decision; investors assess mixed corporate updates
EUROPEAN shares ended flat on Wednesday, as investors adopted a cautious stance ahead of the US Federal Reserve’s interest rate decision,…
Business
US stocks close higher after Fed cuts interest rates
WALL Street ended higher on Wednesday, after the Federal Reserve cut interest rates by a quarter percentage point and signalled that it…
Business
Divided US Fed lowers rates by 25 bps, signals pause and one 2026 cut as growth rebounds
The Federal Reserve cut interest rates on Wednesday in another divided vote, but signalled it will likely pause further reductions in…
Business
Musk’s fortune would more than double on US$1.5 trillion SpaceX
Musk’s path to becoming a trillionaire, whether it is through Tesla or SpaceX, is not without challenges The richest man in the world…
Business
Ultragreen.ai’s stabilising manager buys 2.3 million shares in fifth stabilising action since IPO
Citigroup Global Markets Singapore has now bought around 17.7 million shares of the medical technology company’s shares The stabilising…
Business
Customer experience tech startup Toku files preliminary prospectus for Catalist IPO
It will use the proceeds to fund R&D, market expansion and to improve its financial position Technology startup Toku on Wednesday (Dec 10)…
Business
Wall Street subdued at open ahead of Fed interest rate verdict
Wall Street’s main stock indexes opened little changed on Wednesday (Dec 10), ahead of a Federal Reserve monetary policy decision that is…
Business
Ever Glory to offer 2 million new shares at S$0.64 each ahead of proposed transfer to mainboard
It will raise around S$1.2 million in net proceeds if the offer is fully subscribed As part of its proposed transfer to the Singapore…
Business
Barclays joins bank rivals in buying stake in United Fintech
It has bought two fintechs this year, bringing its total to seven and giving it more than 200 employees across 11 locations globally…
Business
Temasek, top funds bid in Swiggy’s US$1.1 billion share sale
The fundraising underscores the Indian e-commerce market’s rapid expansion amid surging demand Global investors, including Temasek…
Business
Wingtech seeks to restore Nexperia control as chip feud lingers
Despite political progress, Nexperia’s Dutch HQ and its Chinese operations are locked in an internal feud Wingtech Technology has invited…
Business
Style Capital Exits LuisaViaRoma: Sources
MILAN – Style Capital is exiting luxury retailer LuisaViaRoma after four years, WWD has learned. Sources said that current chief executive…
Business
MPACT subsidiary sells Festival Walk Tower for close to HK$2 billion
The manager of Mapletree Pan Asia Commercial Trust (MPACT) announced on Wednesday (Dec 10) that its subsidiary – Festival Walk – will sell…