Business
Azalea’s Altrium funds close at over US$200 million each
Both funds have attracted investors that include institutions, private banks, family offices, external asset managers and high-net-worth…
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Business
Business
Airline stocks IndiGo, SpiceJet gain after govt slashes ATF rates
Aviation stocks, IndiGo, SpiceJet, ATF rates 2 min read Last Updated : Oct 01 2024 | 12:15 PM IST InterGlobe Aviation (IndiGo) and…
Business
Nippon Steel invests in Mlion, eyes stronger Asean foothold
The Japanese steel giant hopes to leverage Mlion’s position as a market leader in the steel sheet piling sector SINGAPORE-headquartered…
Business
US East Coast dockworkers head toward strike after deal deadline passes
DOCKWORKERS on the US East Coast and Gulf Coast were expected to strike on Tuesday morning after a midnight deadline passed with no sign…
Business
Ringgit’s surge pressures Singapore shoppers and Malaysians working across borders
Observers say it could continue strengthening, but that a return to below the 3.00 level against the Singdollar is unlikely The Malaysian…
Business
Gold holds ground as investors await US data for further clues
GOLD price held its ground on Tuesday (Oct 1), following a decline of nearly 1 per cent in the previous session, as investors awaited…
Business
Venture Corp appoints Wong Chee Kheong as group CEO
TECHNOLOGY company Venture Corporation has named Wong Chee Kheong, 62, as its group chief executive officer (CEO) effective Nov 1. In his…
Business
Stocks to watch: Japfa, Keppel, Mapletree Industrial Trust, Venture, CapitaLand Ascott Trust, QAF
THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 1): Source link
Business
CapitaLand Ascott Trust to acquire lyf Funan Singapore at S$263 million agreed value
CAPITALAND Ascott Trust (Clas) has proposed to acquire Victory SR Trust (VSRT), which directly holds a 100 per cent interest in lyf Funan…
Business
CapitaLand Ascott Trust to buy lyf Funan Singapore at S$263 million agreed value
CAPITALAND Ascott Trust (Clas) has proposed to acquire Victory SR Trust (VSRT), which directly holds a 100 per cent interest in lyf Funan…
Business
China’s top banks to tweak mortgage rates to boost housing market
SIX of China’s biggest banks said they would tweak interest rates on existing mortgages following a request to lower them from Beijing’s…
Business
Jeep owner Stellantis warns of fire risk in 200,000 plug-in SUVs
STELLANTIS warned that nearly 200,000 plug-in hybrid Jeep SUVs worldwide may be at risk of catching fire. The carmaker is recalling…
Business
F&B counters still whet investor appetite amid privatisation deals
The thirst for yield has drawn interest from private equity, which can provide a further boost to growth SINGAPORE-LISTED food and…
Business
F&B, grocery players like Sheng Siong, DFI still whet appetite of investors
DESPITE a fiercely competitive environment, Singapore-listed food and beverage (F&B) players are still a draw for investors. The thirst…
Business
Bajaj Auto leads EV sales in Sep; Ola remains biggest player in e2W space
Bajaj Auto has become the top player in India's electric vehicle market by monthly volumes, across all categories, with over 25,000 sales…
Business
Chinese stock market enters bull market after biggest surge since 2008
4 min read Last Updated : Sep 30 2024 | 11:46 PM IST Bloomberg News Chinese stocks extended one of their most remarkable turnarounds in…
Business
Festival season sales kick off to record-breaking start for e-com majors
2 min read Last Updated : Sep 30 2024 | 11:41 PM IST The festival season has kicked off to a record-breaking start for e-commerce majors…
Business
Hydra Trading sells 1.24% stake in RBL Bank for Rs 152 crore in open market
The shares were sold at an average price of Rs 203 apiece, taking the deal value to Rs 152.49 crore. | Photo: Shutterstock 2 min read Last…
Business
Lagarde backs bank mergers as ECB prepares for UniCredit verdict
European Central Bank President Christine Lagarde reinforced her support for international banking tie-ups in the eurozone, saying they…
Business
Thai Air plans US$1.3 billion share sale to complete debt revamp
Thai Airways International plans to issue new shares worth at least US$1.3 billion to creditors and other investors by December, a major…
Business
Current account deficit widens to 1.1% of GDP in June quarter at $9.7 bn
2 min read Last Updated : Sep 30 2024 | 8:05 PM IST India’s current account balance moved into deficit (CAD) sequentially to $9.7 billion…
Business
US: Wall St opens lower as investors await economic data, Powell's comments
Wall Street’s main indexes opened lower on Monday (Sep 30) as investors paused after a rally in the previous week and exercised caution…
Business
STPI focuses on tech startups, GCCs; 10 new parks in smaller cities soon
4 min read Last Updated : Sep 30 2024 | 7:05 PM IST After playing a pivotal role in shaping India’s IT services sector for over three…
Business
Indonesia’s Bank Mandiri backs new coal power plant with US$1.27 billion financing
The financing comes at a time when Indonesia is striving to reduce coal consumption and transition to renewable energy Bank Mandiri – the…