US: Wall Street falls at open on concerns over rate outlook
WALL Street’s main indices dropped at the open on Friday (Dec 20) on fears over high interest rates next year, although a cooler-than-expected inflation report for November stymied losses.…
Swedan Margen
I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.
Nanofilm Technologies re-appoints founder as CEO
Current CEO will remain until Jun 13, 2025 to ensure a smooth transition of his duties and responsibilities NANOTECHNOLOGY solutions provider Nanofilm Technologies has appointed its…
Competition watchdog fines two interior-construction firms nearly S$10 million for rigging tender bids
TWO contractors who provide interior fit-out construction services for non-residential properties were penalised by the Competition and Consumer Commission of Singapore (CCCS) for rigging…
MaNaDr Clinic loses licence, found to have ‘entrenched culture of disregard’ for ethical and clinical standards: MOH
The clinic can no longer operate at its permanent premises at 371 Beach Road, nor temporary locations such as patients’ residences, or remotely via teleconsultation THE Ministry of Health…
Bank of Japan bids final farewell to Kuroda’s radical policy experiment
IN RARE criticism of its past policies, the Bank of Japan said former governor Haruhiko Kuroda’s stimulus did not change consumer psychology as much as planned, continuing a symbolic shift…
Top Glove swings back to black with RM5.5 million Q1 net profit
GLOVE manufacturer Top Glove posted a net profit of RM5.5 million (S$1.7 million) for the first fiscal quarter ended November, reversing its net loss of RM57.7 million in the previous…
Beijing woos AstraZeneca for investment while probe continues
BEIJING’S mayor called on AstraZeneca to expand its research and development investment in the Chinese capital, signalling that a probe against some of its executives will not affect…
Indonesia weighs deep cuts to nickel mining to boost prices
INDONESIA is considering deep cuts to nickel mining quotas as it seeks to boost slumping prices of the battery metal, according to sources familiar with the matter. The Energy and Mineral…
Philippines may open 2025 with rate cut, central banker says
THE Philippine central bank is open to delivering another rate cut in its first monetary policy meeting next year, governor Eli Remolona said on Friday (Dec 20). While the Federal Reserve…
Asia: Markets mixed as traders digest Fed’s hawkish pivot
EQUITIES fluctuated on Friday (Dec 20) and the US dollar maintained its gains against its peers as investors assessed the fallout from the Federal Reserve’s outlook for interest rate cuts…
Italy probes CK Hutchison unit on tax in 3.4 billion euros asset sale
CK HUTCHISON’s Italian telecommunications unit is the target of a probe alleging that it evaded taxes during a 3.4 billion euros (S$4.8 billion) asset sale to Cellnex Telecom. The…
Singapore shares open lower on Friday; STI down 0.5%
SINGAPORE stocks opened lower on Friday (Dec 20), following another downbeat session on Wall Street as the US Federal Reserve’s hawkish pivot continued to weigh on sentiment. The Straits…
Singapore shares mirror regional declines; STI down 1.1%
THE Straits Times Index (STI) continued to falter on Friday (Dec 20), mirroring regional indices. The STI was down 1.1 per cent or 42.95 points at 3,719.93. The top gainer was Mapletree…
Elite UK Reit divesting property in England for £1.6 million
THE manager of Elite UK Reit announced in a bouse filing on Friday (Dec 20) that Perpetual (Asia) Limited, the trustee of the real estate investment trust (Reit), has entered into a sale…
Nvidia’s Vietnam deal: a game changer or just noise?
IN VIETNAM, Google Trends – a feature that shows what people are searching for online in real-time – is usually dominated by... Source link
Nike results beat low expectations; CEO warns turnaround will be a slog
NIKE’S results beat modest estimates on Thursday (Dec 19) and its shares jumped briefly, but the company soon dashed investor hopes and sent shares lower when a top executive predicted…
Oil drops as dour economic outlook adds to oversupply concerns
OIL prices fell on Thursday (Dec 19) after central bankers in the US and Europe signalled caution over further easing of monetary policy, fanning concerns that weak economic activity could…
CDL Hospitality Trusts ventures into student accommodation with £37.3 million UK deal
CDL Hospitality Trusts is venturing into the student accommodation business for the first time, with the purchase of a purpose-built student accommodation (PBSA) in Liverpool, United…
Fed’s hawkish tilt has emerging markets scurrying to save currencies
CENTRAL banks from Brazil to Indonesia scrambled to defend their struggling currencies on Thursday (Dec 19), hours after the Federal Reserve jolted markets by indicating it may not cut…
Scoot apologises after KL-bound flight took off 1½ hours earlier than scheduled on Nov 1
BUDGET carrier Scoot has apologised after one of its flights took off from Changi Airport about 1½ hours earlier than scheduled on Nov 1. Scoot flight TR456 was originally scheduled to…
CapitaLand Investment sells 4.9% stake in CapitaLand Ascott Trust for S$162 million
PROPERTY investment manager CapitaLand Investment (CLI), through its subsidiary The Ascott Ltd, has sold its stapled securities in CapitaLand Ascott Trust (Clas) for S$162 million, said…
Amazon delays return-to-office mandate for thousands of workers due to space
AMAZON.com will not have enough space for thousands of employees when they start returning to the office five days a week next month. The company recently told some personnel working in at…
Apple in talks with Tencent, ByteDance to roll out AI features in China: sources
APPLE is in talks with Tencent and TikTok owner ByteDance about integrating their artificial intelligence (AI) models into iPhones sold in China, according to three sources familiar with…
Alibaba, BlackBerry among companies selling assets for peanuts after splurging billions buying them
COMPANIES that spent billions on poorly timed acquisitions in recent years are now offloading those assets at knockdown prices. Alibaba Group Holding announced on Tuesday (Dec 17) that…