Business
HSBC plans risk transfer linked to 2 billion euros of corporate loans
HSBC Holdings plans to issue a significant risk transfer (SRT) linked to a portfolio of about 2 billion euros (S$2.9 billion) of corporate…
Section
Business
Business
China stock traders ponder how far blockbuster rally can go
AS CHINESE stocks in Hong Kong head for their best two-week rally since 2007, questions are arising over just how far this rebound can go.…
Business
DSV sells new shares for 5 billion euros without discount for DB Schenker deal
DSV has sold new shares for 5 billion euros (S$7.1 billion) without resorting to a discount, as a number of high-profile investors bought…
Business
UK Rolex dealer buys watch site Hodinkee backed by LVMH, Tom Brady
WATCHES of Switzerland Group is buying Hodinkee, a US watch enthusiast site backed by LVMH and Tom Brady that racked up losses after an…
Business
Global banks to trial Swift for digital currency transactions from 2025
3 min read Last Updated : Oct 04 2024 | 11:37 AM IST Swift, the global financial messaging provider, announced on Thursday that it will…
Business
Temasek in talks for US$1 billion-plus stake in India’s biggest snack maker
TEMASEK Holdings is in talks to buy a minority stake in Haldiram Snacks, sources familiar with the matter said, a transaction that may…
Business
SocGen launches series of US stock daily leverage certificates on SGX
FRENCH bank Societe General (SocGen) has announced the launch of a new series of US stock daily leverage certificates on the Singapore…
Business
Seven & i approaching buyers for retail, supermarkets units
SEVEN & i Holdings has approached potential buyers for its Ito-Yokado stores and supermarkets as it seeks to restructure in the face of a…
Business
Apollo Global in talks to buy aerospace parts maker Barnes Group: Report
Apollo has been an active acquirer of companies in the industrials sector in recent years 2 min read Last Updated : Oct 04 2024 | 9:09 AM…
Business
Asia: Crude stable after Israel-Iran surge, Hong Kong stocks resume gains
OIL prices stabilised on Friday (Oct 4) after soaring on fears about the Middle East crisis as investors await Israel’s response to Iran’s…
Business
Sudden shift in China metals sentiment drives LME Week optimism
METALS traders arriving in London for London Metal Exchange (LME) Week were in for a surprise as they caught up with friends and customers…
Business
Hot stock: Parkson Retail Asia surges as much as 16.2% upon watch list exit
SHARES of Parkson Retail Asia spiked on Friday (Oct 4) morning amid heavy trading volumes, following an announcement by the…
Business
Stock Market LIVE Updates: GIFT Nifty, weak global cues signal likely slower open for Sensex, Nifty
Stock Market LIVE Updates, Friday, October 4, 2024: GIFT Nifty futures, trading around 50 points behind Nifty futures at 7:42 AM,…
Business
Gold holds steady as traders wait for US payroll data
GOLD prices traded flat on Thursday (Oct 3) but were slightly down for the week, as market focus shifted to a crucial US payrolls report…
Business
Citadel boosts Asia fundamental equities headcount past 60
CITADEL’S US$64 billion hedge fund business has increased its Asia fundamental equities headcount to more than 60 people in just over…
Business
Singapore shares open lower on Friday; STI down 0.2%
SINGAPORE stocks declined at the opening bell on Friday (Oct 4), after geopolitical tensions in the Middle East left Wall Street and…
Business
US port strike ends, leaving cargo backlog
US East Coast and Gulf Coast ports began reopening late on Thursday (Oct 3) after dockworkers and port operators reached a wage deal to…
Business
Stocks to watch: UOB, Qian Hu
THE following companies saw new developments that may affect trading of their securities on Friday (Oct 4): UOB: The bank’s Sydney branch…
Business
Binance’s crypto market share drops to lowest level in four years
BINANCE’S rehabilitative efforts appear to be slow to take root, with the largest crypto platform’s share of trading volume in the roughly…
Business
Tesla plans four new batteries in 2026, including for robotaxi: report
TESLA plans to design four new versions of its in-house battery to power the Cybertruck, its forthcoming robotaxi and other electric…
Business
ExxonMobil expects third-quarter earnings were hit by lower oil prices
A SLUMP in oil prices probably reduced ExxonMobil’s third-quarter upstream earnings by US$600 million to US$1 billion, the oil major…
Business
Europe: Shares fall as Middle East jitters curb risk-taking
EUROPEAN shares declined on Thursday (Oct 3), as investors remained wary of risk-taking amid elevated geopolitical tensions in the Middle…
Business
US: Stocks fall amid caution over Middle East
WALL Street stocks slipped on Thursday (Oct 3), extending a downcast week as markets assessed tensions in the Middle East and awaited key…
Business
Will ESR-Logos Reit cash in on buying interest in short-lease hospitality assets?
Even if the price fetched is below the end-2023 valuation, it may be worthwhile for the Reit to strike a deal for its hotel and convention…