Business
Merdeka Gold set for debut after Indonesia’s largest IPO of the year
Merdeka Gold Resources is set to begin trading in Jakarta on Tuesday (Sep 23) after the miner wrapped up Indonesia’s largest initial…
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Business
Business
Tycoon-backed Merdeka Gold shares soar on Indonesia’s biggest IPO this year
The miner is developing the Pani Gold Project in Gorontalo, poised to become one of the country’s largest gold mines and a major driver of…
Business
Trump team says TikTok deal nears, with Oracle, Silver Lake among investors
President Donald Trump this week will declare that a deal to divest TikTok‘s US operations from its Chinese owner ByteDance will meet…
Business
‘Baby Shark’ creator Pinkfong seeks to raise 76 billion won from Seoul IPO
The company behind Baby Shark, the most-watched YouTube video of all time, is seeking to raise as much as 76 billion won (S$70 million)…
Business
Stocks to watch: Keppel, Keppel DC Reit, mm2 Asia, China Medical System Holdings, Southern Alliance Mining
The following companies saw new developments that may affect trading of their securities on Tuesday (Sep 23): Keppel: The infrastructure…
Business
Keppel Asia Infrastructure Fund leads divestment of 800 Super at over S$600 million
The sale is expected to be completed before the end of the year, and is subject to approval from the relevant regulators The…
Business
Keppel DC Reit acquires Tokyo data centre for 82.1 billion yen, launches preferential offering to raise S$404.5 million
The new, freehold facility is contracted to a leading global hyperscaler for 15 years The manager of Keppel DC Reit on Monday (Sep 22)…
Business
Keppel DC Reit raising S$404 million from unitholders to help fund 82-billion yen Tokyo data centre buy
Under preferential offering, unitholders are entitled to 80 units for every 1,000 units owned at $2.24 each The manager of Keppel DC Reit…
Business
South Korean City Has Seized Crypto from 200+ Residents Over Unpaid Tax Bills
Cheongju, the capital and largest city of South Korea’s North Chungcheong Province, says it has seized crypto from 203 residents since…
Business
New US Fed governor Miran says interest rates should be around ‘mid-2%’
THE US Fed governor newly appointed by President Donald Trump argued on Monday for significantly lower interest rates, signaling that…
Business
Fed funds rate seen edging higher within range as costs rise
The effective federal funds rate, which has held near the bottom of the US Federal Reserve’s target range for its benchmark over the past…
Business
US: Tech giants help lift stocks to fresh records
Gains by tech giants Nvidia, Apple and Oracle helped propel US equity indices to fresh records Monday, overcoming early weakness and…
Business
Oracle names insiders Clay Magouyrk, Mike Sicilia as co-CEOs in surprise move
The promotion of the two executives underscores the tech industry and Wall Street’s focus on cloud computing strategy [AUSTIN, Texas]…
Business
Nvidia to invest US$100 billion in OpenAI
The partnership comes as competition intensifies among technology giants and startups to secure access to energy and chips needed for AI…
Business
Erika Kirk Recalls Moment She Saw Husband Charlie Kirk's Body and Shares Little 'Secret' That Strengthened Her Marriage
Erika Kirk, the grieving widow of Charlie Kirk, recounted the painful moment she saw her husband's body in the hospital after his…
Business
Netflix signs co-marketing deal with AB InBev to promote TV shows and beer
NETFLIX and Anheuser-Busch InBev have signed a global co-marketing deal to promote the streaming platform’s most-watched titles and the…
Business
Gold scales record high as markets brace for further rate cuts
GOLD surged to a record high on Monday (Sep 22), buoyed by investors’ heightened expectations of a dovish rate-cut path, ahead of remarks…
Business
AliExpress tries to draw brands on Amazon: sources
Alibaba Group Holding is trying to attract established brand names on Amazon.com to its global e-commerce site AliExpress, stepping up…
Business
Singapore stocks slip on Monday as US futures fall; STI down 0.1%
Decliners outnumber advancers 315 to 233 after 1.9 billion shares worth S$1.6 billion change hands Local stocks inched down on Monday (Sep…
Business
Mapletree Investments offloads Melbourne office building for over A$90 million, at steep discount
The price tag is almost 38% lower than its original purchase price of A$145 million in 2017 Temasek-owned real estate group Mapletree…
Business
Singtel faces another Optus crisis after fatal outage linked to three deaths in Australia
Singtel faces a fresh crisis at its Australian division Optus after the government started an investigation into an emergency call outage…
Business
HSBC’s Roberts says the bank’s future in Asia, Middle East
The future of HSBC Holdings is in Asia and the Middle East because of the amount of wealth and the capital flows between the two regions,…
Business
Amazon introduces Whole Foods 365 line to Singapore in brand test
Amazon.com’s Whole Foods Market is taking its house brands to Singapore, a test of how the private-label goods will fare in a market where…
Business
China’s central bank revives liquidity tool before long holiday
CHINA’S central bank has dusted off a liquidity instrument it last used eight months ago, part of a move to flood the banking system with…