Business
Singapore shares rise after Fed rate cut pause; STI up 0.6%
Shares on the Singapore bourse ended higher on Thursday (Mar 20), following the US Federal Reserve’s decision to hold off on interest-rate…
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Business
Business
SGX listcos with Indonesia exposure stay resilient amid market meltdown
While a market meltdown in Indonesia has rattled investor confidence, Singapore-listed companies with sizable exposure to the country have…
Business
CK Hutchison warns of geopolitical risks as profit falls and ports deal upsets China
CK Hutchison Holdings warned of a deteriorating global business environment due to geopolitical and trade tensions, as the Hong Kong…
Business
Chocolate Finance: Bank or fund manager?
The two may have overlapping traits, but industry watchers say the differences must be made obvious to customers For less-savvy investors,…
Business
Hedge funds burned by Tesla short bets plot next steps
Hedge funds whose short positions against Tesla backfired badly after the Nov 5 election are watching the latest sell-off from the…
Business
UK posts strong wage growth ahead of BOE rate decision
UK wage growth held at its highest level in nine months and employment rose, evidence of resilient demand for workers that will likely…
Business
SGX RegCo reprimands BlackGold Natural Resources directors, CFO for breaches of listing rules
The Singapore Exchange Regulation (SGX RegCo) has reprimanded three directors and the chief financial officer of BlackGold Natural…
Business
Vietnam to allow 49% foreign ownership of some banks
Foreign investors cannot hold more than 30% of shares in banks that have government ownership of above 50% Vietnam’s government is…
Business
Top Glove swings back into black with RM30.3 million Q2 profit
Top Glove returned back to the black with a net profit of RM30.3 million (S$9.1 million) for its second quarter of its financial year…
Business
Hong Kong caps IPO margin loans amid heated retail demand
The move is a response to a recent IPO market frenzy that triggered first-day share price pops and concerns about retail investors getting…
Business
Microsoft’s US$2.2 billion Malaysia investment solid amid US policy uncertainty
Microsoft’s US$2.2 billion investment in Malaysia remains firm, despite growing global uncertainties stemming from policy shifts by the…
Business
Nvidia to invest billions in US chip production over four years: FT
Huang says Nvidia can now manufacture its latest systems in the United States through suppliers such as Taiwanese chipmaking giants TSMC…
Business
Asian markets get ‘breather’ with US Fed’s rate cut pause
The US Federal Reserve’s decision to hold off on interest rate cuts gives Asian markets “a breather” and more room for certainty, said…
Business
ST Engineering on a tear; stock hits successive highs and is now more expensive than DBS and other leading blue chips
Analysts were bullish on ST Engineering, hiking their target prices for the counter as they cited a positive outlook and strong growth…
Business
Google launches US$499 Pixel 9a, rivalling Apple’s iPhone 16e
Alphabet’s Google launched a redesigned version of its budget Pixel phone, upgrading the chip and battery life weeks after Apple’s…
Business
China holds benchmark lending rates steady as expected
China held benchmark lending rates steady for the fifth straight month in March on Thursday (Mar 20), matching market expectations. Early…
Business
SoftBank Group to acquire Ampere Computing in US$6.5 billion AI-focused deal
The US chip startup makes data centre CPU chips based on a computing architecture from Arm Holdings that are used by firms such as Oracle…
Business
Ontario pension set to shut Hong Kong office in China retreat
Ontario Teachers’ Pension Plan is planning to shut down its Hong Kong office as it pares its exposure to China, according to sources…
Business
Gold climbs to record high as Fed signals two rate cuts in 2025
Gold soared to a record high on Thursday (Mar 20), as the US Federal Reserve hinted at a possible easing of interest rates by half a…
Business
Prudential eyes growth in India as it posts 2% decline in new business profit for FY2024
New business profit in Singapore is up 15%, underpinned by 11% increase in annual premium equivalent sales Prudential is betting on India…
Business
Stocks to watch: Sembcorp, Thomson Medical, Prudential, Trendlines, Ping An Insurance, Abundance International
The following companies saw new developments that may affect trading of its securities on Thursday (Mar 20). Sembcorp Industries: Units of…
Business
Global funds exiting South-east Asia as Indonesia sell-off hurts safe haven appeal
Once touted as a haven for investors to navigate Donald Trump’s tariff wars, South-east Asia has all but lost that appeal as a region-wide…
Business
HSBC’s revamp of key Asia division costs women senior roles
A global overhaul at HSBC Holdings has seen female executives in Asia lose out after the lender asked managers to reapply for senior roles…
Business
Nvidia CEO says company has not been asked to buy a stake in Intel
Nvidia CEO Jensen Huang said on Wednesday (Mar 19) that his company had not been approached about purchasing a stake in Intel. During a…