Business
Indonesian arm of Malaysia’s Mr DIY drops on market debut
THE Indonesian arm of Malaysia-based home improvement retailer Mr DIY Group dropped in its stock market debut on Thursday (Dec 19) after…
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Business
Business
Indonesian arm of Malaysia’s Mr DIY climbs on market debut
THE Indonesian arm of Malaysia-based home improvement retailer Mr DIY Group shook off a wobbly start to rise on its stock market debut on…
Business
Hong Kong central bank cuts interest rate, tracking US Fed move
THE Hong Kong Monetary Authority (HKMA) on Thursday (Dec 19) cut its base interest rate charged via the overnight discount window by 25…
Business
HKMA cuts interest rate, tracking US Fed move
Hong Kong interest rates could remain at relatively high levels for some time, says chief executive THE Hong Kong Monetary Authority…
Business
China banks raise mortgage rates for the first time since 2021
CHINESE banks raised new mortgage costs for the first time in three years, as narrowing margins are dragged down by a persistent property…
Business
Battery-maker CATL considers Hong Kong listing to raise US$5 billion
CONTEMPORARY Amperex Technology Co Limited (CATL) is considering a second listing in Hong Kong that could raise at least US$5 billion,…
Business
PBOC offers strongest yuan support since July after US dollar gains
CHINA ramped up support for the currency via its daily reference rate after US Federal Reserve’s caution over future interest rate cuts…
Business
Gold at one-month low after Fed flags slower rate cut pace next year
GOLD prices languished near a one-month low on Thursday (Dec 19) after the US Federal Reserve indicated it would slow the pace of its…
Business
Gold at one-month low after US Fed flags slower rate cut pace next year
GOLD prices languished near a one-month low on Thursday (Dec 19) after the US Federal Reserve indicated it would slow the pace of its…
Business
Bank of England set to skip rate cut as stagflation looms
THE Bank of England (BOE) is likely to warn of only gradual interest-rate cuts in 2025, ending the year with a cautious message to…
Business
China’s LGFVs raise record dim sum debt as domestic curbs bite
CHINESE local government financing vehicles (LGFVs) are selling an unprecedented amount of offshore yuan bonds, skirting attempts made by…
Business
STI continues losing streak, falls 0.4 per cent after US Fed signals fewer rate cuts
SINGAPORE shares fell at the end of trading on Thursday (Dec 19), with the Straits Times Index (STI) tracking Asian indices after the US…
Business
Yeo Hiap Seng lays off 25 employees as Oatly shuts its Singapore plant
YEO Hiap Seng will be laying off 25 employees as a result of Oatly’s decision to cease its manufacturing operations in Singapore. On…
Business
US backs off effort to recall about 50 million airbag parts
US AUTO safety regulators backed down from forcing a recall of about 50 million airbag inflators they have said could explode in a crash,…
Business
Stocks to watch: Asia-Pacific Strategic Investments
THE following company saw developments that may affect the trading of its securities on Thursday (Dec 19): Asia-Pacific Strategic…
Business
Stocks to watch: Yeo Hiap Seng, Asia-Pacific Strategic Investments
THE following companies saw developments that may affect the trading of their securities on Thursday (Dec 19): Yeo Hiap Seng: The beverage…
Business
Merck snags Chinese obesity drug in nearly US$2 billion deal
MERCK snagged a potential drug in the burgeoning market for obesity medications in a deal worth as much as US$2 billion. Under the terms…
Business
Spanish firm expected to announce Harland & Wolff deal
Navantia already has a business relationship with Harland and Wolff Spain's state-owned shipbuilder is expected to confirm on Thursday…
Business
MicroStrategy’s Michael Saylor wants more ‘intelligent leverage’
MICROSTRATEGY co-founder and chairman Michael Saylor says the dot-com-era software maker turned leveraged Bitcoin proxy plans to focus…
Business
Micron drops after sluggish PC, phone demand hurts forecast
MICRON Technology, the largest US maker of computer memory chips, tumbled in late trading after its revenue forecast missed projections by…
Business
Barclays annual bonuses expected to increase as much as 20%
BARCLAYS is set to increase annual bonuses by as much as 20 per cent in its investment bank after an improved year for traders and…
Business
Bitcoin retreats from record high after US Fed cools risk appetite
BITCOIN fell for the first time in four days with speculative bets being pared across financial markets after US Federal Reserve officials…
Business
Luca Guadagnino’s Fascination with the Bourgeoisie
Though perhaps best known for their portrayals of desire, Luca Guadagnino’s character-driven dramas, from “Challengers” to “Call Me by…
Business
Return of the Reits? Singapore’s IPO scene set to come alive after subdued year
However, industry watchers remain cautious amid the return of Donald Trump as his policies may keep inflation up, slowing the pace of rate…