Business
Singapore stocks close flat as regional bourses end higher; STI inches down 0.02%
CDL is the top blue-chip gainer on the STI, while Yangzijiang Shipbuilding is the biggest decliner Local shares closed flat on Friday (Dec…
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Business
Business
GLP picks investment banks for 2026 Hong Kong IPO: sources
Deliberations are ongoing and details such as the offering size and timing have not been finalised Investment firm GLP has selected banks…
Business
Coty Divests Remaining Stake in Wella
PARIS – Coty Inc. continues deleveraging and divesting non-core assets, and has sold its remaining 25.8 percent stake in hair care giant…
Business
OpenAI inks deals with US colleges, seizing early lead in education market
The company has sold more than 700,000 ChatGPT licences to about 35 public universities OpenAI has established a beachhead at many US…
Business
Bank of Japan hikes interest rates to 30-year-high of 0.75%
THE Bank of Japan on Friday hiked interest rates to 0.75 per cent, marking the first increase since January and its highest level in 30…
Business
Bank of Japan raises interest rates to 30-year high, signals more hikes
The Bank of Japan (BOJ) raised interest rates on Friday (Dec 19) to levels unseen in three decades and signalled its readiness for further…
Business
BOJ raises interest rates to 30-year high, signals more hikes
It offers a slightly more upbeat view on the economy than at its previous meeting in October The Bank of Japan (BOJ) raised interest rates…
Business
Asian markets rise as US inflation eases, Micron soothes tech fears
ASIAN markets rose on Friday as a below-forecast read on US inflation boosted hopes for another interest rate cut next month, while…
Business
Baht soars to 3-year high against Singdollar as it climbs on gold spike, yuan strength
Thai currency’s rise is fuelled by a soft US dollar, recent Fed easing and sharp acceleration in gold prices The baht’s rally has pushed…
Business
Coliwoo disposes Pasir Panjang co-living space in S$43.9 million sale-and-leaseback deal
It will sell its 80% stake in Coliwoo PP, which owns and manages Coliwoo Hotel Pasir Panjang Co-living operator Coliwoo has entered into a…
Business
Coliwoo disposes Pasir Panjang co-living hotel space in S$43.9 million sale-and-leaseback deal
Estimated net proceeds of S$15.3 million will be used to repay working capital loans owed to LHN Group and for general working capital…
Business
Stoneweg Europe Stapled Trust divests office asset in Italy for 34 million euros
Following the divestment, the trust’s exposure to Italy will fall from 18% to 17% The managers of Stoneweg Europe Stapled Trust (Sert) on…
Business
Stocks to watch: Stoneweg Europe Stapled Trust, Coliwoo
The following companies saw new developments that may affect trading of their securities on Friday (Dec 19): Stoneweg Europe Stapled Trust…
Business
JPMorgan bullish on Singapore stocks amid expected Asean rebound, names 7 top picks
The city-state’s rally has a ‘long way to go’, says the bank, which is also ‘overweight’ on Vietnamese equities Asean equities will be at…
Business
BNY deepens AI, digital asset embrace as it enters next phase: CEO Robin Vince tells BT
The New York-based bank has invested heavily in AI and culture transformation and is ready for its next phase of change, says Vince in an…
Business
TikTok signs agreement for new joint venture keeping it online in the U.S.
TikTok has finalized a deal with Oracle and two other investors that will allow the popular social video platform to continue its business…
Business
Nike reports sales beat overshadowed by Converse, China slumps
NIKE posted better-than-expected sales in the latest quarter, showing progress in its turnaround efforts, but weakness persisted in China…
Business
Nike’s China conundrum deepens as turnaround stagnates
Nike’s stock is down 13% so far this year, on track for a fourth straight year of declines Nike is running out of time to prove its China…
Business
TikTok says it signed agreements to create new US joint venture
TIKTOK chief executive officer Shou Chew told employees that the social media app’s parent company, ByteDance, signed binding agreements…
Business
BNY to move Singapore offices to Marina One East Tower
Investments into new spaces with better amenities are part of the bank’s transformation process that started in 2022 BNY is entering its…
Business
US Energy Department taps Big Tech for AI-powered research push
THE US Department of Energy said on Thursday it has signed agreements with 24 organisations, including tech giants such as Microsoft,…
Business
US Fed’s Goolsbee welcomes latest inflation data, says more rate cuts may loom
FEDERAL Reserve Bank of Chicago President Austan Goolsbee said on Thursday fresh inflation data is “good” and if it can be sustained it…
Business
Instacart to pay US$60 million to settle FTC claims it deceived shoppers
INSTACART has agreed to pay US$60 million in refunds to settle the US Federal Trade Commission’s allegations that the online grocery…
Business
FedEx posts higher quarterly results, raises low end of full-year profit forecast
It lifted its 2026 revenue outlook, calling for 5 to 6 per cent year-over-year growth FEDEX posted higher second-quarter profit and…