Business
MPACT 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 Ltd will sell…
Section
Business
Business
IMF wades into debate over yuan, warns on risk of trade tensions
It’s lending its voice to a debate over distortions caused by a weaker exchange rate The International Monetary Fund linked China’s…
Business
HSBC’s senior bankers hid behind co-head roles, CEO Georges Elhedery says
Since taking charge, he has nearly halved the size of the bank’s operating committee HSBC’s chief executive officer Georges Elhedery said…
Business
Airbus CEO concedes likely defeat to Boeing in order race this year
The planemaker remains ahead of its US rival in deliveries and the pipeline of outstanding orders Airbus CEO Guillaume Faury conceded…
Business
3 Keppel subsidiaries put up for voluntary liquidation
The wholly owned units are Keppel Enterprise FinHub, Keppel Enterprise Services, and Keppel People Services Asset manager Keppel said on…
Business
SGX’s November securities turnover value up 18%, driven by index stocks and Reits
The trading value and volume of securities on the Singapore Exchange (SGX) rose in November, driven by interest in index stocks and real…
Business
Coupang CEO resigns over historic South Korean data breach
Coupang chief executive officer Park Dae-jun resigned over his failure to prevent South Korea’s largest-ever data breach, which set off a…
Business
Singapore stocks inch down ahead of Fed policy decision
Singapore stocks ended lower on Wednesday (Dec 10), ahead of a policy decision by the US Federal Reserve. The benchmark Straits Times…
Business
Singapore stocks close flat ahead of Fed interest rate decision
Singapore stocks ended lower on Wednesday (Dec 10), ahead of a policy decision by the US Federal Reserve. The benchmark Straits Times…
Business
12,000 Marriott suppliers in Singapore, Malaysia, Indonesia to get same-day invoice financing by OCBC
The partnership gives the hospitality group’s SME suppliers quick and seamless access to capital, and enables them to be more sustainable…
Business
HSBC set to pay about US$300 million to settle French criminal case
The full agreement would cover the fine to end the PNF case as well as the tax bill HSBC Holdings is poised to pay around US$300 million…
Business
Nintendo sheds US$14 billion value after chip squeeze fears grow
The gaming pioneer faces rising memory costs, which threaten to impair margins for its Switch 2 console Nintendo’s shares fell as much as…
Business
Analysts upbeat on Singapore’s office Reits, naming one ‘uniquely positioned’ to tap rental upside
The coming year is looking promising for office Singapore real estate investment trusts (S-Reits), said analysts. The sector has begun to…
Business
Analysts upbeat on Singapore’s office Reits, naming one ‘uniquely leveraged’ to tap rental upside
The coming year is looking promising for office Singapore real estate investment trusts (S-Reits), said analysts. The sector has begun to…
Business
Asian utilities slow to confront climate risk
ASIA might need to grow up when it comes to protecting its power sector against climate-related loss and damage, a new report has…
Business
Nvidia builds location verification tech that could help fight chip smuggling
Nvidia has built location verification technology that could indicate which country its chips are operating in, according to sources…
Business
E-commerce firm Meesho notches US$8.8 billion valuation in blockbuster India debut
The country’s IPO fundraising in 2025 is expected to surpass last year’s record US$20.5 billion Shares of e-commerce firm Meesho jumped…
Business
Amazon announces US$35 billion investment in India
Major US tech firms have poured billions of US dollars into the country this year Amazon plans to invest more than US$35 billion in India…
Business
Amazon to invest over US$35 billion in India on AI, exports
Amazon plans to invest more than US$35 billion in India by 2030 to expand its operations by boosting artificial intelligence (AI)…
Business
Amazon says it will invest $35 billion in India by 2030 on AI, exports
Major US tech firms’ pledges in the country underscore its emergence as a hub for cloud, AI and deep-tech growth E-COMMERCE giant Amazon…
Business
Olam Group says unit secures US$1.12 billion dual currency loan
OLAM Group said on Wednesday its unit olam food ingredients (ofi) had secured a multi-tranche dual currency term loan facility aggregating…
Business
Olam unit bags US$1.12 billion dual currency loan facility
It will be used to refinance ofi’s existing loans and for general corporate purposes Agribusiness conglomerate Olam Group said on…
Business
Asian stocks in retreat as traders eye Fed decision, tech earnings
ASIAN markets retreated on Wednesday following a tepid day on Wall Street as investors bided their time ahead of a highly anticipated…
Business
Gold edges lower as dollar climbs to near one-week high ahead of Fed verdict
Gold inched lower on Wednesday (Dec 10), as the dollar rose after a US jobs report indicated a stronger-than-expected labour market,…