Business
Billionaire family turns India’s gold obsession into a fortune
The steady growth has led to three straight years of stock gains for the company, including a 73% rally this year [MUMBAI/SINGAPORE] Gold…
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China leaves benchmark lending rates unchanged for the sixth straight month
October economic data, including a contraction in exports and a further slowdown in retail sales, point to a tougher fourth quarter,…
Business
US approves sale of 35,000 AI chips to UAE’s G42, Saudis’ Humain
The deal is contingent on both companies meeting “rigorous security and reporting requirements”, the agency says The US has approved sales…
News
Wilmar China unit found guilty of contract fraud, jointly liable for 1.88 billion yuan in losses; will appeal against court decision
It has been previously sued as an ‘accomplice’ in contract fraud related to palm oil trades A subsidiary of Wilmar International has been…
News
Wilmar China unit convicted of fraud; to appeal against judgement
A subsidiary of Wilmar International has been found guilty of contract fraud by a Chinese court and ordered to jointly bear losses…
Business
CDL divests US$143.5 million residential asset in larger Silicon Valley area to US institutional investor
Part of the group’s capital recycling and portfolio management, the sale allows it to lower gearing and redeploy capital City Developments…
Business
CDL sells US$143.5 million Silicon Valley residential asset
Part of the group’s capital recycling and portfolio management, the sale allows it to lower gearing and redeploy capital City Developments…
Business
China’s top investment bank CICC plans three-way merger
China International Capital Corporation (CICC), the nation’s top investment bank, plans to combine with two smaller brokerages in a…
Business
China investment bank CICC to acquire two smaller rivals
Beijing is trying to cultivate first-class domestic investment banks capable of standing up to global heavyweights China International…
Business
Australia banking regulator warns on elevated risks from abroad
APRA and other regulatory agencies are attempting to strengthen the system with further work dedicated to geopolitical risk Risks to…
Business
Stocks to watch: SGX, CSE Global, Manulife US Reit, Keppel Reit, Wilmar, CDL
The following companies saw new developments that may affect trading of their securities on Thursday (Nov 20): Source link
Business
Asia’s currency-defence war chest has swelled to US$8 trillion
Asia’s foreign-exchange reserves have surged to almost US$8 trillion, providing the authorities from Tokyo to Mumbai with ample ammunition…
Business
Geely-linked car electronics maker eager to shed Chinese roots
Ecarx is in advanced discussions to combine with another Nasdaq-listed automotive-sensor company Ecarx Holdings, the Nasdaq-listed…
Business
Healthcare AI company Heidi launches Singapore regional hub
The company plans to invest US$8 million in South-east Asia in the next two to three years Healthcare artificial intelligence (AI) company…
Business
Shipping giants race to speed up China-Peru trade with new route
The ports of Callao and Chancay are only about 50 miles apart, or a few hours by truck, and both are close to Lima. Competition to…
Fashion
Prada heir to head Versace after 1.25 billion-euro buy-out
LORENZO Bertelli, the son of designer Miuccia Prada, said on Wednesday he will become executive chairman of Versace following the Prada…
Business
Stellantis takes fresh swipe at BYD on EV sales in Europe
Chinese carmakers have been on a tear in Europe despite the region’s import tariffs, offering electric as well as hybrid models at…
Business
Crypto exchange Kraken confidentially files for US IPO
Analysts expect crypto companies to try and go public before the midterm elections next year Kraken, one of the world’s largest…
Business
Many US Fed members were inclined against December interest rate cut: minutes
Fed Chair Jerome Powell said last month that a further reduction in December was “not a foregone conclusion” MANY US Federal Reserve…
Business
The New Target: Incoming CEO Michael Fiddelke Takes Aim
Brian Cornell effectively signed off to Wall Street on Wednesday. It felt something like a bittersweet goodbye for Cornell, who after 11…
Business
Nvidia beats Q3 revenue estimates, helping counter fears of AI bubble
Nvidia, the world’s most valuable company, gave a strong revenue forecast for the current period, helping counter concern that an…
Business
US: Wall Street indexes end rocky session higher ahead of Nvidia earnings
US stocks ended a choppy session higher on Wednesday, rebounding from recent losses as technology stocks rose ahead of Nvidia’s quarterly…
Business
Europe: Shares flat; investors brace for Nvidia results
EUROPEAN shares closed flat on Wednesday while investors looked ahead to a high-stakes earnings report from chipmaker Nvidia, which could…
News
Lindsey Halligan Confirms: Most Grand Jurors Never Saw Final Comey Indictment | National Review
How much does it matter? Source link