Politics
Tariffs will leave everyone worse off, Bundesbank chief warns
GERMANY’S top central bank warned against trade levies, a day after US President Donald Trump reiterated a call for the European Union to…
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Business
Business
Japanese investors boost foreign stock purchases on Fed rate-cut hopes
JAPANESE investors raised their holdings in foreign stocks, driven by a benign US core inflation report that fuelled expectations of…
Business
Cathay Pacific to cut profit payout to staff by around 50%
CATHAY Pacific Airways is planning to slash its profit-share payout to its workers by almost 50 per cent. The Hong Kong carrier is only…
News
Asian oil refiners mull run cuts, closures as crude costs soar
A SURGE in the cost of physical crude cargoes as China and India rush to replace Russian flows is prompting refiners in other parts of…
Business
Hyundai Motor forecasts slowing revenue growth in 2025 after Q4 miss
SOUTH Korea’s Hyundai Motor expected on Thursday (Jan 23) its 2025 sales growth would halve due to softening vehicle demand and rising…
Business
Hyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025
SOUTH Korea’s Hyundai Motor said on Thursday (Jan 23) it is in talks with General Motors to supply commercial electric vehicles to its US…
News
Cut-off yield on latest Singapore 1-year T-bill inches up to 2.95%
This is up from 2.71% offered in the previous auction that closed in October last year SINGAPORE’S latest one-year tranche of Treasury…
Business
Taiwan’s HTC to sell part of XR unit to Google for US$250 million
TAIWAN’S HTC said on Thursday (Jan 23) it will sell part of its unit for extended reality (XR) headsets and glasses to Google for US$250…
News
Sembcorp launches short-term mobile solar farm at PSA’s Keppel Terminal
For three years, the renewable energy generated from the farm will be channelled to the national grid A new 18 megawatt-peak ground-mount…
Business
JPMorgan plans major revamp of Madison Avenue skyscraper
JPMORGAN Chase is planning a renovation of its old headquarters building at 383 Madison Avenue and will use the space to house…
Business
JPMorgan plans major revamp of Manhattan’s Madison Avenue skyscraper
JPMORGAN Chase is planning a renovation of its old headquarters building at 383 Madison Avenue and will use the space to house…
Business
SoftBank, OpenAI plan US$19 billion each for Stargate: report
SOFTBANK Group and OpenAI each plan to commit US$19 billion of capital to Stargate, the US$100 billion US artificial intelligence (AI)…
Business
Barclays sees heightened competition in India from Japan banks
A RENEWED push by Japan’s biggest banks and other global lenders in India is driving down loan prices with the new players having more…
Business
Shareholders of Australian apparel retailers Myer, Premier approve merger
SHAREHOLDERS of Australian apparel retail firms Myer and Premier Investments approved on Thursday the merger of the latter’s apparel…
Business
JPMorgan, Goldman CEOs resist calls to roll back DEI programmes
JPMORGAN Chase and Goldman Sachs are pushing back on demands to roll back their diversity initiatives. In television appearances on…
Business
Ley Choon surges 15% as investors positive on construction upturn
SHARES of construction and engineering company Ley Choon jumped on Thursday (Jan 23) morning, after The Business Times reported that the…
Politics
Gold holds near record high amid Trump policy risks
GOLD held steady near its record high on Thursday (Jan 23) as investors awaited further direction from the new Trump administration…
Business
Bain matches CC Capital’s offer for Australia’s Insignia Financial at A$3.07 billion
INSIGNIA Financial’s shares hit a three-year high on Thursday (Jan 23), driven by a revised takeover offer of A$3.07 billion (S$2.6…
Business
Singapore shares rise at Thursday’s open; STI up 0.6%
SINGAPORE shares started trading in positive territory on Thursday (Jan 23) morning, mirroring overnight gains in global markets. As at…
Business
Singapore stocks close higher on Thursday as inflation eases; STI up 0.7%
SINGAPORE stocks ended higher on Thursday (Jan 23), after the Republic reported that full-year inflation in 2024 came in at 2.4 per cent.…
Business
Ascott bags 16 new signings under Oakwood portfolio to tap growing ‘bleisure’ market
ASCOTT, the wholly owned lodging business unit of CapitaLand Investment, has secured 16 new signings under the Oakwood brand in 2024, up…
Business
SK Hynix posts record quarterly profit surpassing Samsung on AI boom
SOUTH Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as…
Business
Asia hedge funds post biggest annual returns since the pandemic
ASIA hedge funds rebounded in 2024, with many posting double-digit gains as China stocks recovered, Japan’s equity rally hit new heights…
Business
Stocks to watch: CapitaLand Investment, Mapletree Industrial Trust, Frasers Centrepoint Trust
THE following companies saw new developments that may affect trading of their securities on Thursday (Jan 23). CapitaLand Investment: Its…