Business
Sanofi to buy Dynavax for US$2.2 billion to add shingles vaccine
Sanofi agreed to buy Dynavax Technologies for about US$2.2 billion to expand its vaccines business with a shot for hepatitis B and an…
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Business
Business
Retail investors to have more sway over Wall Street after record year
In 2025, retail traders shift to ETFs tracking equity indexes, crypto, and commodities Retail inflows into US stocks are set to hit a…
Business
Nam Cheong sells vessel for US$20.5 million to Vietnam firm
The sale is expected to contribute positively to the group’s earnings for the financial year ending 2025 Malaysian offshore support vessel…
Business
China's CNOOC makes second big oil find in Bohai Sea
China’s oil major CNOOC Limited said on Wednesday (Dec 24) it has discovered an oilfield with proved in-place volumes exceeding 100…
Business
Japan’s Eneos leads bids for Chevron’s Singapore oil refinery stake
Japan’s Eneos Holdings is ahead of rival bidders for US heavyweight Chevron’s stake in a Singapore oil refinery, according to people…
Business
Singapore stocks end slightly lower before festive break; STI down 0.06%
Meanwhile, the iEdge Singapore Next 50 Index rises 0.1% or 1.61 points to 1,448.61 Singapore shares ended slightly lower on Wednesday (Dec…
Business
Singapore stocks end slightly lower before festive break; STI down 0.1%
Meanwhile, the iEdge Singapore Next 50 Index rises 0.1% or 1.61 points to 1,448.61 Singapore shares ended slightly lower on Wednesday (Dec…
Business
Singapore shares slip before Christmas break; STI down 0.1%
Meanwhile, the iEdge Singapore Next 50 Index rises 0.1% or 1.61 points to 1,448.61 Singapore shares ended slightly lower on Wednesday (Dec…
Business
Malaysia's Petronas signs LNG supply deal with China's CNOOC
Malaysian state-owned energy firm Petroliam Nasional said on Wednesday (Dec 24) it would supply Chinese offshore oil and gas company CNOOC…
Business
Media Company Nss’ Edicola Concept to Launch Digital Platform to Celebrate Italian Culture
MILAN — Naples has been having a cultural renaissance in recent years, giving birth to many artistic and fashion-adjacent projects that…
Business
South Korea pension fund initiates new round of strategic FX hedging to support won
The won sharply reversed course on the news to rally as much as 1.6% to 1,458.0 per dollar South Korea’s national pension fund has…
Business
S Korea pension fund initiates new round of strategic FX hedging to support won
The won sharply reverses course on the news to rally as much as 1.6% to 1,458.0 per dollar South Korea’s national pension fund has…
Business
Australian dollar climbs to highest since Oct 2024 on RBA bets
The Australian dollar climbed to its strongest in more than a year after traders ratchet expectations the Reserve Bank will quickly shift…
Business
Asian markets mostly up after US growth fuels Wall St record
Most Asian stocks rose on Wednesday (Dec 24) and gold topped US$4,500 for the first time as investors tracked a record on Wall Street…
Business
Hongkong Land should do a Reit not a private fund with its prime Singapore office assets
Hongkong Land Holdings is pressing ahead with growth in fund management. The 136-year-old property group said recently that it has made…
Business
Stocks to watch: Manulife US Reit, Nam Cheong
The following companies saw new developments that may affect trading of their securities on Wednesday (Dec 24): Manulife US Real Estate…
Business
Tesla having a very bad year in the EU
SALES of cars made by Tesla, the company run by Elon Musk, have slumped nearly 40 per cent in the European Union this year, data from the…
Business
Oil up as market weighs strong US economic growth, supply risks
Oil prices settled higher on Tuesday as investors assessed stronger-than-expected US economic growth and the risk of disruptions to oil…
Business
European shares close at fresh record high as Novo Nordisk drives healthcare boost
EUROPEAN shares closed at a new peak on Tuesday, powered by gains in the healthcare sector, after heavyweight Novo Nordisk clinched US…
Business
US stocks: S&P registers record close as growth stocks advance
US stocks rose on Tuesday and the S&P 500 notched a closing record after a flurry of economic data that included a reading of economic…
Business
ServiceNow agrees to buy cyber startup Armis for US$7.75 billion
The deal aims to deliver a strategic cybersecurity shield for real-time, end-to-end protection for all technology estates ServiceNow has…
Business
Wall Street opens lower as yields rise after GDP data
US stock indexes opened lower on Tuesday (Dec 23) after stronger-than-expected economic data drove Treasury yields higher, weighing on…
Business
India’s RBI to inject 2 trillion rupees via fresh bond buys, US$10 billion in FX swap
This is to offset the cash drain from its US dollar sales in the currency market to support a weakening rupee India’s central bank…
Business
Novo Nordisk shares jump almost 8% after US approves Wegovy pill
The approval gives the drugmaker a first-mover advantage in the race for a potent oral weight-loss medicine [COPENHAGEN/LONDON] Novo…