Business
Top Singapore fund Lion Global wins with ‘forgotten’ small-caps
The company sees the small- and mid-cap strategy continuing to succeed over the longer term as well Lion Global Investors’ strategy of…
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Business
Business
Top Singapore fund LionGlobal wins with ‘forgotten’ small-caps
The company sees the small- and mid-cap strategy continuing to succeed over the longer term as well Lion Global Investors’ strategy of…
Business
Keppel Reit raises S$113 million in private placement for Sydney mall buy
The manager of Keppel Reit on Thursday (Oct 9) announced that the private placement to raise S$113 million for its majority purchase of…
Business
China stocks rise post-break as AI buzz outshines tepid spending
Traders are now turning their attention to policy signals ahead of the Communist Party’s Oct 20 to 23 meeting, where the blueprint for the…
Business
Gold pauses after record rally on safe-haven demand
Markets are pricing in an additional 25-basis-point cut each in October and December Gold eased on Thursday (Oct 9), as investors booked…
Business
BOJ will find another rate hike this year difficult, says ex-deputy governor
The Bank of Japan (BOJ) can raise interest rates if prospects of durably meeting its 2 per cent inflation target improve, but would…
Business
HSBC plans to take Hang Seng Bank private in US$37 billion deal
The firm, based in London, is known as an anchor of commerce between the Asia-Pacific region and the rest of the world HSBC Holdings is…
Business
HSBC plans to privatise Hang Seng at US$37 billion valuation
The lender plans to refrain from share buybacks in the coming three quarters as it seeks to restore its capital ratio to its operating…
Business
SoftBank’s Graphcore plans £1 billion chip investment in India
The US’s tensions with China have helped the country rise in prominence for global tech companies, but its AI infrastructure is still…
Business
Stocks to watch: Keppel Reit, OUE Reit
The following companies saw new developments that may affect trading of their securities on Thursday (Oct 9): Keppel Reit: The manager of…
Business
Seven & i struggles to win back investors after failed takeover
The company is reshaping itself under a new chief executive by selling weaker assets, buying back two trillion yen worth of shares and…
Business
Malaysia’s data centre boom looks poised to continue despite power, labour concerns
Spillover of demand from Singapore is turning Johor into South-east Asia’s fastest-growing data centre hub Data centre operators in…
Business
Crypto exchange Gemini launches Australian arm
Cryptocurrency exchange Gemini said on Thursday (Oct 9) that it has launched an Australian operation as the firm expands into the country,…
Business
Fed minutes show caution over inflation even as officials cut rates
Federal funds futures contracts suggest investors see rate cuts likely in October and December US Federal Reserve officials showed a…
Business
US: S&P 500, Nasdaq end higher as tech strength outweighs Fed concerns
Technology shares boosted US stocks to a higher close on Wednesday (Oct 8) as investors, lacking economic data during the government…
Business
Europe: French stocks revive after turmoil; Stoxx at record highs
European shares climbed to record highs on Wednesday (Oct 8), powered by strong gains in French and Spanish stocks, and steelmakers…
Business
Will A.I. Trap You in the “Permanent Underclass”?
The “lumpenproletariat,” according to “The Communist Manifesto,” is “the social scum, that passively rotting mass thrown off by the lowest…
Business
Euro, yen slide for third straight day versus US dollar
The euro and the yen were headed for a third straight daily loss against the US dollar, pressured by political turmoil in France and…
Business
US: Wall Street indices open higher with Fed remarks in focus
Wall Street’s main indices opened higher on Wednesday (Oct 8) following a blip in a steady rally, as investors awaited fresh clues from…
Business
SGX securities trading volume surges 50.8% in September on stronger equities demand
The Singapore Exchange (SGX) reported a 50.8 per cent year-on-year rise in its securities turnover volume, as demand for local equities…
Business
Tesla’s cheaper Model Y and 3 face uphill battle in Europe
The company hopes the cheaper cars will revive sales after global deliveries fell in 2024 for the first time Tesla’s lower-priced versions…
Business
Singapore stocks track regional decline; STI down 0.4%
Across the broader market, advancers outnumber decliners 310 to 276, after 1.7 billion securities worth S$1.3 billion change hands Local…
Business
Chinese 450 billion yuan optics firm Innolight weighs Hong Kong listing: sources
Zhongji Innolight, a Chinese maker of optical communication modules and devices, is considering a listing in Hong Kong, according to…
Business
Industrial property developer Soon Hock Enterprise to offer 21.6 million shares at S$0.58 apiece in mainboard listing
The company expects to raise net proceeds of about S$34.6 million, part of which will be used for land-site and building acquisitions…