Business
Citigroup lifts S&P 500 year-end target to 6,600
Citigroup raised its year-end target for the S&P 500 index to 6,600, betting on US President Donald Trump’s tax and spending bill boosting…
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Business
Business
Singapore Flyer operator Straco H1 profit down 49% at S$5.4 million
Tourist attraction developer and operator Straco has posted a 49 per cent decrease in net profit to S$5.4 million for the first half ended…
Business
SBS Transit H1 net profit falls 7.7% to S$31.1 million
SBS Transit recorded a net profit of S$31.1 million for the first half of 2025, 7.7 per cent lower than the year-ago period. Revenue fell…
Business
‘Not the marriage we expected’: analysts surprised by Simba’s acquisition of M1
The surprising union of M1 and Simba Telecom has left StarHub behind its competitors, analysts said. The deal defied industry expectations…
Business
Malaysia’s Petronas to boost international portfolio to 60% over next decade
The firm will build on its current international portfolio by integrating its domestic expertise with global partnerships Malaysia’s state…
Business
SIA to adjust conversion price of 1.625% convertible bonds in view of dividend
The revised amount of S$4.6761 takes into account the final dividend per share of S$0.30 National carrier Singapore Airlines (SIA) will…
Business
Hong Kong allowing listing applicants more privacy sparks wave of confidential filings
At least two dozen Chinese companies have confidentially filed for listing in Hong Kong this year and more are preparing to do so, two…
Business
Singapore stocks fall amid cautious market sentiment; STI down 0.2%
Local shares closed lower on the first trading day of the week, tracking a mixed performance across Asian markets, as investors braced for…
Business
Record short against Maersk backfires in trade-war defying rally
Shorting the stock of the world’s largest listed shipping company during a global trade war may seem like a sure bet. But the investors…
Business
India’s RBI said to have sold at least US$5 billion to boost rupee
If the trend persists, it could become RBI’s largest month of net dollar sales since January India’s central bank sold US dollars across…
Business
SGX trading liquidity jumps in July as volume done surges 44% to three-month high of 39 billion units
The Singapore Exchange Group (SGX Group) reported a three-month high in the trading value and volumes of its key products in July, as the…
Business
Goodyear India's Q1 profit falls on weak auto demand
Tyre maker Goodyear India reported a 43.6 per cent fall in first-quarter profit on Monday (Aug 11), hurt by dampened automobile demand.…
Business
Keppel DC Reit proposes sale of M1-issued NetCo bonds, preference shares
The manager of Keppel DC Real Estate Investment Trust (Reit) on Monday (Aug 11) proposed the disposal of all its NetCo bonds and…
Business
Currency traders focus on Australian dollar and euro for bearish US dollar bets
Options traders are using currencies such as the Australian dollar and euro to express bearish US dollar views after recent disappointing…
Business
Australian shares log record closing high on lithium boost
Australian shares rose to a record close on Monday (Aug 11), with lithium stocks leading index heavyweight miners higher, while investors…
Business
Goldman favours Asian high-grade debt again as growth risks rise
Asia investment-grade credit spreads widened by nearly six basis points on Aug 1, the most in four months, after the weaker-than-expected…
Business
CGSI downgrades UOB to ‘hold’ following softer loans growth expectation; near-term outlook ‘uncertain’
CGS International (CGSI) analysts Tay Wee Kuang and Lim Siew Khee on Friday (Aug 8) downgraded local bank UOB to a “hold” call from a…
Business
StarHub down 4.9% as M1 sale to Simba dashes hopes of its takeover of the telco
Shares of telco StarHub fell by nearly 5 per cent on Monday (Aug 11) after news of Keppel’s proposed sale of M1 to Simba Telecom. This has…
Business
StarHub down 6.6% as M1 sale to Simba dashes hopes of its takeover of the telco
Shares of telco StarHub fell by more than 6 per cent on Monday (Aug 11) after news of Keppel’s proposed sale of M1 to Simba Telecom, one…
Business
Temasek-backed entity to acquire 16% stake in Ayala’s healthcare arm
Health, the healthcare arm of the Philippines’ oldest conglomerate Ayala, said on Monday (Aug 11) that a private equity firm backed by…
Business
More Singapore companies charmed by US listings, but post-IPO trail not a pretty sight
Interest in listing on US exchanges has surged among Singapore companies, with 13 initial public offerings (IPO) in H1 2025, nearly thrice…
Business
More Singapore companies charmed by US listing, but post-IPO trail not a pretty sight
Interest in listing on US exchanges has surged among Singapore companies, with 13 initial public offerings (IPO) in H1 2025, nearly thrice…
Business
Asia: Markets waver to start key week for trade, US data
ASIAN markets mostly rose on Monday as investors eyed a week dominated by speculation about US inflation data and a prolonged pause for…
Business
Sembcorp Industries downgraded to ‘hold’ by Maybank on drop in net profit
Maybank equity analyst Krishna Guha downgraded his rating on Sembcorp Industries to “hold” on Monday (Aug 11), with a reduced target price…