Fashion
China leaves benchmark lending rates unchanged for eighth straight month
[SHANGHAI] China left benchmark loan prime rates unchanged on Tuesday for the eighth consecutive month in January, matching market expectations. Leaving the rates steady suggests policymakers are in no hurry to...
India needs ‘eight to 10’ large banks, Axis Bank CEO says
The country currently has 12 state-run banks and 21 large and mid-sized private banks[MUMBAI] India will need “at least eight to 10” large banks to support economic growth as...
South Korea bourse CEO sees Kospi at 6,000, vows to cut ‘zombie’ firms
The index’s surge over the past 12 months is the best among more than 90 global equity indexes tracked by Bloomberg[SEOUL] The world-beating rally in South Korean stocks is...
Citi downgrades European equities to neutral after Trump’s tariff threats
[SINGAPORE] Citi downgraded continental Europe on Tuesday to “neutral” for the first time in over a year, saying the latest step-up in transatlantic tensions and tariff uncertainty dented the...
How Europe could ‘weaponise’ US$10 trillion of US assets over Greenland
The most tangible reaction from the EU so far has been a proposal to halt approval of its July trade deal with America[LONDON] As Europe considers how best to...
Jumbo Group to acquire leasehold interest in Tai Seng Street property from Boustead Industrial Fund
[SINGAPORE] Jumbo Group is proposing to acquire a leasehold interest in a 26 Tai Seng Street property owned by Boustead Industrial Fund (BIF), a private real estate trust set...
MSCI rule shift may spur US$2 billion exit from Indonesian stocks
[JAKARTA] Global funds may withdraw more than US$2 billion from Indonesian equities in the coming months if MSCI proceeds with a change to its indexing methodology, underscoring concerns about...
UK mulls Australia-style ban on social media for children
[LONDON] Britain is considering a range of measures to better protect children online, including an Australian-style ban on social media for those below a certain age and tougher guidance...
Stocks to watch: SGX, Mapletree Pan Asia Commercial Trust, Boustead Singapore, Jumbo Group
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jan 20): Singapore Exchange (SGX) : The SGX will expand its current suite...
Mapletree Investments, MPACT appoint SP Group to build district cooling system at Harbourfront
It will reduce operating costs and carbon emissions, while freeing up space for operational or commercial use[SINGAPORE] Mapletree Investments and Mapletree Pan Asia Commercial Trust (MPACT) have appointed SP...
Macquarie names under-the-radar stock picks it says can deliver total returns of 24%
Favourable factors include stock market reforms, lower rates and a strengthening Singapore dollar[SINGAPORE] While the Straits Times Index (STI) is expected to remain range-bound this year, weighed down by...
South Korea kicks off AI Squid Game in bid to compete with US, China
The state-backed survival contest aims to find the best indigenous artificial intelligence models[SEOUL] Late last year, more than a thousand people converged in Seoul’s convention centre as elite engineers presented their latest developments...