Business
China bans all BHP iron ore cargoes as pricing dispute deepens
China’s state-run iron ore buyer has told major steelmakers and traders to temporarily halt purchases of all new BHP Group cargoes,…
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Business
Business
CapitaLand Investment, SC Capital launch industrial development fund focused on Gulf Cooperation Council markets
CapitaLand Investment (CLI) and SC Capital Partners have launched an industrial development fund focused on the Gulf Cooperation Council…
Business
Australia holds key rate, signals renewed price pressure
Australia’s central bank kept its key interest rate unchanged in a widely anticipated decision, while warning that third-quarter inflation…
Business
Zijin Gold soars in Hong Kong debut after world’s top IPO since May
The prospect of buying into an undervalued blue-chip stock attracts a marquee list of cornerstone investors, including GIC Zijin Gold…
Business
Asia: Stocks rise, gold hits record as rate cuts and shutdown loom
EQUITIES rallied for a second day and gold hit another record on Tuesday on growing Federal Reserve interest rate optimism, though traders…
Business
Singapore equities market rebound fuels demand for investor relations
More IPO aspirants are reaching out to IR agencies, prompting these firms to expand their teams and seek professionals with specialised…
Business
RHB, Maybank keep ‘buy’ call amid Singtel sell-down, say long-term growth outlook still intact
This is despite the near-term outlook and share price of its subsidiary Optus being clouded by recurring outages Analysts on Tuesday (Sep…
Business
BOJ debated chance of near-term rate hike, meeting summary shows
Bank of Japan board members debated the feasibility of raising interest rates in the near term with some suggesting the time for such a…
Business
Australia’s Aware Super buys into US$1.3 billion US warehouse deal
The investment comprises three Los Angeles properties spanning about 2.8 million square feet of building area, the A$200 billion…
Business
Huawei to double output of top AI chip as Nvidia wavers in China
Huawei Technologies is preparing to sharply ramp up production of its most advanced artificial intelligence (AI) chips over the next year,…
Business
OUE Reit unit prices S$150 million green notes due 2032 at 2.75%
Net proceeds will go exclusively towards projects that meet at least one eligibility category in the real estate investment trust’s green…
Business
Stocks to watch: UOB, OUE Reit, Keppel Pacific Oak US Reit
The following companies saw new developments that may affect trading of their securities on Tuesday (Sep 30): UOB: The bank announced on…
Business
Vietnam traders back gold reforms as draft plan is unveiled
The country’s prices have often run ahead of global rates, despite government efforts to reduce the difference Vietnam’s plans to loosen…
Business
The STI has soared over 12% this year. Here’s how much analysts predict it can still rise
Amid several global headwinds this year, analysts are positive on the Straits Times Index (STI), with many raising their targets recently.…
Business
UK shop prices rise at fastest pace since February 2024
Prices at British retailers rose at the fastest pace since February 2024 this month as food costs continued to increase rapidly and a…
Business
OpenAI partners with Etsy, Shopify on ChatGPT payment checkout
Merchants will have to pay a fee on completed purchases to the startup, and it does not affect their prices OpenAI on Monday (Sep 29)…
Business
Jefferies posts record revenue with dealmaking staging comeback
The biggest US banks have benefited from volatile markets, fuelled by changing policies under the Trump administration, which has roiled…
Business
Oil dips as traders zero in on prospect of more Opec+ supplies
OIL declined on signals that Opec+ will hike production again in November, tempering last week’s rally. West Texas Intermediate fell 3.4…
Business
US: Wall Street indexes climb as investors brush off government shutdown uncertainties
WALL Street indexes closed up on Monday with the Nasdaq leading gains as investors bought heavyweight technology stocks and shrugged off…
Business
Europe: Stocks gain on healthcare, luxury amid US shutdown watch
EUROPEAN shares ended slightly higher on Monday as gains in healthcare and luxury stocks offset weakness in banks and energy, while…
Business
ChatGPT launches new parental controls for teens amid growing safety concerns
The company behind ChatGPT, OpenAI, launched new parental controls for teen accounts on Monday, a month after a California family filed a…
Business
EA agrees to US$55 billion sale in largest leveraged buyout on record
The video-game maker is selling to a consortium that includes Saudi Arabia’s Public Investment Fund, and a fund founded by US President…
Business
Industrial property developer Soon Hock Enterprise files preliminary prospectus for IPO
It plans to use the proceeds to acquire new land sites and buildings, and to partially finance existing projects Industrial property…
Business
Tata Group loses US$73 billion in market value as risks grow
India’s Tata Group has lost about US$73 billion in market value this year, with a significant chunk of the erosion coming in recent weeks…