Business
US: S&P 500, Nasdaq open higher on Alphabet boost; jobs data on tap
The S&P 500 and the Nasdaq opened higher on Wednesday (Sep 3) after Alphabet gained on a favourable antitrust ruling and investors awaited…
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Business
Business
MetaOptics looks to SGX Catalist debut for path to profitability
When Mark Thng first launched MetaOptics Technologies’ operations in June 2021, it was out of a tiny office in Roxy Square. The rent was…
Business
Tesla’s sales collapse continues in Europe’s biggest EV markets
Tesla’s sales slump is dragging on across almost all of Europe’s biggest electric vehicle markets, costing the company significant share…
Business
Nuveen partners with Temasek and Hunter Point for private credit push
Investment manager Nuveen’s private debt arm has partnered with Temasek and Hunter Point Capital, the company said on Wednesday (Sep 3),…
Business
Keppel DC Reit acquires remaining stake in 2 data centres from sponsor Keppel for S$8.4 million
The manager of Keppel DC Real Estate Investment Trust (Reit) has acquired the remaining 51 per cent interest in two artificial…
Business
Singapore stocks dip despite manufacturing rebound; STI down 0.2%
Local equities ended Wednesday (Sep 3) lower, even as data showed that manufacturing in Singapore improved slightly. The sector’s…
Business
CICT should up retail property exposure and reduce exposure to office spaces.
CapitaLand Integrated Commercial Trust (CICT) – the Republic’s oldest and largest real estate investment trust (Reit) – offers investors…
Business
BlackRock loses US$17 billion mandate at Dutch pension fund PFZW
BlackRock has lost a mandate worth US$17 billion with one of the largest pension funds in the Netherlands, amid concerns the world’s…
Business
Major liners’ Ebit margins expected to turn negative in H2 2025
The average earnings margins for the liner businesses of major ocean shipping companies fell to 8.4 per cent in the quarter to June, as…
Business
Major sea carriers’ Ebit margins expected to turn negative in H2 2025
The average earnings margins for the liner businesses of major ocean shipping companies fell to 8.4 per cent in the quarter to June, as…
Business
Thai bonds defy global drop as political crisis fuels rate bets
Thailand’s deepening political crisis is insulating its bonds from the global rout, as growing expectations of further interest-rate cuts…
Business
Big Food goes small: Kraft Heinz bets on simplicity to boost shares
Investment bankers had pitched a breakup to Kraft Heinz for years without success, sources said. The company finally agreed to a split…
Business
GE Aerospace’s Singapore and Malaysia projects to enjoy ‘significant portion’ of new US$75 million investment
Aviation giant GE Aerospace on Wednesday (Sep 3) announced plans to invest US$75 million across its Asia-Pacific (Apac) maintenance,…
Business
CNMC shares strike gold as yellow metal surges again; pure gold play on SGX hits S$0.765 new high
Shares of CNMC Goldmine surged by over 12 per cent on Wednesday (Sep 3) – continuing gains since the release of its outstanding H1 results…
Business
CNMC shares strike gold at new high of S$0.765 as yellow metal surges again
This comes on the back of gold prices’ steady rise in recent times, following a season of market volatility Shares of CNMC Goldmine surged…
Business
Hong Kong probes alleged insider trading by staff at HKEX, SFC
Hong Kong is probing allegations of insider dealing that involve at least two individuals at the stock exchange and the city’s financial…
Business
Citi appoints ex-JPMorgan banking veteran as Apac investment banking co-head
Citi has named Kaustubh Kulkarni as its new co-head of investment banking for Japan, Asia North and Australia and Asia South. Kulkarni…
Business
Citi appoints banking veteran as Apac investment banking co-head
Kaustubh Kulkarni is making the move after spending nearly three decades at JPMorgan Citi has named Kaustubh Kulkarni as its new co-head…
Business
HSBC AM joins peers with private equity fund targeting wealthy
HSBC Holdings’ asset management (AM) arm is launching a private equity strategy targeting wealthy clients, the latest move by a major…
Business
ANZ starts cutting jobs in institutional banking division
Precisely how many roles will be eliminated from the restructure remains unclear, and the bank has said that it will update investors on…
Business
Asia: Markets down as gold hits fresh high
Asia markets were down on Wednesday while gold extended its six-day rally after reaching a record high as investors sought safe havens…
Business
China’s chemicals makers reap reward of shift from oil to coal
Falling coal prices are shifting the profitability of China’s chemicals sector, away from traditional oil-based producers to the growing…
Business
Boustead surges 12.8% on the back of Reit listing application
The counter shoots up to S$1.68 as at 10.07 am, gaining S$0.19 from its previous close Shares of engineering and technology group Boustead…
Business
Hyflux got only $150 million bank loan for S$890 million project because of cash flow concerns
Even after Hyflux won its bid for the S$890 million Tuaspring project in March 2011, it managed to secure only a S$150 million bank loan.…