Business
Gold eases on profit-booking after breaching US$4,600/oz
Gold eased on Tuesday (Jan 13), a day after breaching US$4,600/ounce for the first time ever, as investors booked profits amid heightened…
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UOBKH initiates coverage on NTT DC Reit with ‘buy’; forecasts 41% upside
The analyst points out that the Reit has enjoyed a ‘steady rise’ in portfolio occupancy NTT DC Reit has the highest distribution yield…
Business
Boustead Singapore amends agreement with Unified Industrial to retain control of Vietnam business
This allows the company to better manage its real estate and fund management business in the country Boustead Singapore on Monday (Jan 12)…
Business
Boustead Singapore tweaks deal with Unified Industrial to retain control of Vietnam business
This allows the company to better manage its real estate and fund management business in one of Asean’s fastest growing economy Boustead…
Business
BlackRock cuts hundreds of jobs, trimming about 1% of staff
BlackRock is cutting hundreds of jobs across the company, becoming the latest Wall Street firm to rein in headcount in recent weeks. The…
Business
SK Hynix to invest nearly US$13 billion in chip packaging plant in South Korea
South Korea’s SK Hynix said on Tuesday it has decided to invest 19 trillion won (S$16.6 billion) to build an advanced chip packaging plant…
Business
Major US banks gear up for bond sales as Trump turns up pressure
The biggest US banks usually borrow in the investment-grade bond market soon after posting earnings Wall Street is about to embark on its…
Business
US Fed’s Williams says monetary policy well positioned amid a favorable outlook
Federal Reserve Bank of New York President John Williams said on Monday he expects a healthy economy in 2026 and indicated he sees no…
Business
US Fed’s Williams says monetary policy well positioned amid a favourable outlook
He said that it’s critical for the Fed to get inflation back to its 2 per cent target Federal Reserve Bank of New York President John…
Business
BHP is stuck on the sidelines of copper M&A frenzy it started
Glencore has a market capitalisation of about US$73 billion while Rio is valued at US$138 billion BHP Group’s bold bid to buy rival Anglo…
Business
Stocks to watch: Thomson Medical, Vin’s Holdings
The following companies saw new developments that may affect trading of their securities on Tuesday (Jan 13): Thomson Medical: The…
Business
Stocks to watch: Thomson Medical, Vin’s Holdings, Alpha Reit
The following companies saw new developments that may affect trading of their securities on Tuesday (Jan 13): Thomson Medical: The…
Business
Silver’s one-year 180% bull run: What to know about investing in it versus gold
The use of digital silver accounts to manage silver investments has gained traction recently Silver’s streak continues into the new year,…
Business
Apple, Google strike Gemini deal for revamped Siri in major win for Alphabet
The iPhone maker has faced a series of setbacks on the AI front after being late to the race Apple will use Google’s Gemini models for its…
Business
Strong January lifts odds of another record year for STI, further upside ahead: OCBC
The year may have kicked off on a shaky note for global markets with geopolitical volatility following American action in Venezuela.…
Business
Alphabet hits US$4 trillion valuation as AI refocus lifts sentiment
Alphabet briefly hit US$4 trillion in market valuation on Monday (Jan 12), as the Google parent’s sharpened artificial intelligence (AI)…
Business
Meta unveils ‘Meta Compute’ initiative to build AI infrastructure
Zuckerberg is going all in to build data centres for those projects, as well as the energy capacity to support them Meta has announced its…
Business
The Market Met Jerome Powell’s Warning With Deep Denial
Not all the markets were impervious to Powell’s harassment by DOJ goons. The dollar, which is down 8.3 percent over the past year—that is,…
Business
US urges partners and allies to increase critical minerals supply chain resiliency
US Treasury Secretary Scott Bessent held a meeting on Monday with ministers from different US partners and allies “to discuss solutions to…
Business
Citi to cut about 1,000 jobs this week
CITIGROUP is set to cut about 1,000 jobs this week as part of chief executive Jane Fraser’s march to keep a lid on costs and improve…
Business
Retailers Hit Holiday Expectations With a 4.1 Percent Sales Gain
Holiday 2025 sales rose 4.1 percent despite weaker consumer sentiment, producing a season that was ultimately in line with industry…
Business
Fitch Ratings says Fed independence is key factor for US sovereign rating
Fitch Ratings said on Monday it views the Federal Reserve’s independence as a key supporting factor for its AA+ US sovereign rating. The…
Business
Abercrombie & Fitch Shares Take a Hit Despite Positive Outlook
Fran Horowitz, the chief executive officer of Abercrombie & Fitch Co., received a warm reception from the crowd at the NRF Big Show on…
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Karoline Leavitt Flips Out Over Anti-ICE Protests in Minneapolis
White House press secretary Karoline Leavitt can’t understand why the country is up in arms over the ICE-induced violence taking place in…