Business
Singapore’s Carro eyes M&A, Australia foray ahead of potential dual listing
It will also be the first major automotive tech and commerce startup from Singapore to go public in the US Carro, South-east Asia’s…
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Business
Business
CEO egos must be kept in check to prevent them from becoming ‘emperors’: Ho Ching
Ho has been conferred SID’s honorary fellowship during its conference on Friday The top business leaders typically display a…
Business
Japan's Nikkei ends at record high as chip-related shares gain on Wall Street boost
Japan’s Nikkei share average ended at a closing high for a second straight session on Friday (Sep 12), as chip-related stocks tracked Wall…
Business
More room for further DBS rally given clear dividend outlook, strong yields: analysts
There is more room for DBS’ share price to continue rising in the months ahead given the bank’s strong dividend outlook, analysts said.…
Business
DBS rally still has legs; it could scale new heights of over S$57 on robust dividend moves
It’s committed to S$0.24 annual core dividend step-up; while OCBC, UOB remain on payout ratios pegged to earnings, which could fluctuate…
Business
Giorgio Armani’s Dual Wills Chart Path for Potential Stake Sale, IPO
MILAN – Giorgio Armani left not one but two wills, one dated March 15 and the other April 5. They were made public on Friday morning on…
Business
SGX to launch index that tracks non-STI listcos: Chee Hong Tat
The STI is currently made up of the 30 largest companies by market capitalisation, but represents only a portion of SGX’s listed companies…
Business
SGX to launch index that tracks listcos beyond STI: Chee Hong Tat
The STI comprises the 30 largest companies by market capitalisation, but represents only a portion of SGX’s listed companies The Singapore…
Business
Global EV sales growth slows to 15% in August, research firm says
GLOBAL sales of fully electric and plug-in hybrid vehicles grew 15 per cent in August from a year ago, marking the slowest rate since…
Business
JPMorgan postpones ECB rate cut forecast to December after policy meeting
JPMORGAN now expects the European Central Bank to lower interest rates in December this year compared to its prior forecast of a…
Business
Asia: Stocks surge into weekend with US rate cut ‘seemingly locked in’
ASIAN markets surged again on Friday, tracking record highs across Wall Street, after US inflation and jobs data all but set in stone a…
Business
SK Hynix shares hit record with news of AI memory milestone
SK Hynix’s stock climbed as much as 5.9 per cent on Friday (Sep 12) to a record after the company announced it had completed development…
Business
Yangzijiang Financial soars 8.3% amid heavy trading
Shares of investment management company Yangzijiang Financial rose on Friday (Sep 12) morning, fuelled by heavy trading. The counter rose…
Business
Yangzijiang Financial soars 8.3% as most traded SGX counter by volume
Shares of investment management company Yangzijiang Financial rose on Friday (Sep 12) morning, fuelled by heavy trading. The counter rose…
Business
Yangzijiang Financial soars 8.3% to record high, tops SGX as most-traded counter
The company will be added to STI’s reserve list, comprising the five highest-ranking non-constituents of the index by market…
Business
Yangzijiang Financial closes 7.4% higher amid heavy trading, hits record in intra-day trade
The company will be added to STI’s reserve list, comprising the five highest-ranking non-constituents of the index by market…
Business
A key BMW dealer in China expects to ‘suffer’ before rebound
Sime Darby also sells the German luxury vehicles in eight other markets, including Indonesia, Thailand, Australia, Singapore and Malaysia…
Business
Gold set for fourth weekly rise as US data lifts rate-cut hopes
Gold prices rose on Friday (Sep 12) and were headed for a fourth consecutive weekly gain, as fears of a weakening US labour market…
Business
CapitaLand Commercial C-Reit’s public offer 535 times subscribed; 2.29 billion yuan raised from its Shanghai IPO
CapitaLand Investment, CapitaLand China Trust, CapitaLand Development to hold 20% of offer units CapitaLand Investment (CLI) on Friday…
Business
Stocks to watch: CapitaLand Investment, CapitaLand China Trust, Frasers Hospitality Trust, TalkMed, Low Keng Huat, IReit Global
The following companies saw new developments that may affect trading of their securities on Friday (Sep 12): CapitaLand Investment (CLI);…
Business
Hong Kong stock ETFs get record China money on AI, biotech craze
Mainland retail traders are being lured by the outperformance of the city’s equities Hot themes from artificial intelligence (AI) to…
Business
Winklevosses’ crypto exchange Gemini raises US$425 million in IPO
Nasdaq has agreed to buy US$50 million worth of shares in a private placement at the initial public offering price Gemini Space Station…
Business
Paramount Skydance prepares bid for Warner Bros Discovery, source says
PARAMOUNT Skydance is preparing a bid to buy Warner Bros Discovery, a source familiar with the matter told Reuters on Thursday,…
Business
FTC launches inquiry into AI chatbots of Alphabet, Meta and others
THE US Federal Trade Commission on Thursday said it is seeking information from several companies including Alphabet, Meta Platforms and…