Gold rises for fifth day as US data lifts Fed rate-cut bets
GOLD nudged higher for a fifth straight session on Thursday (Dec 12) to hover near a more than two-week peak, supported by increased expectations of an interest rate cut from the Federal…
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.
Analysts place ‘buy’ call on Oiltek on strong order book, growing demand for sustainable aviation fuel
Analysts from UOB Kay Hian (UOBKH) and Lim and Tan Securities have issued a “buy” call on the vegetable and edible oil engineering process company Oiltek, in light of a strong order book…
Singapore stocks rise amid Fed rate-cut hopes; STI up 0.4%
SINGAPORE shares reversed earlier losses to close in the green on Thursday (Dec 12), with Asia-Pacific markets mostly in positive territory as mild inflation data from the United States…
Commerzbank to assign more employees to branches in revamp
COMMERZBANK is assigning more employees to work in its branches as it seeks to boost the business its does with clients and meet ambitious new targets. As part of a new set-up that will…
Stocks to watch: Del Monte Pacific, Trek 2000 International
THE following companies saw new developments that may affect trading of their securities on Thursday (Dec 12): Del Monte Pacific: The Philippine food-and-beverage manufacturer’s net loss…
IFC, HSBC inks US$1 billion risk-sharing facility to boost trade financing in emerging markets
The two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countries THE International Finance Corporation (IFC), the World Bank’s…
IFC, HSBC ink US$1 billion risk-sharing facility to boost trade financing in emerging markets
The two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countries THE International Finance Corporation (IFC), the World Bank’s…
Bank of America promotes 387 employees to managing director: source
Bank of America (BOA) has promoted 387 employees to managing director roles in 2024, 16 per cent more than last year, a source familiar with the matter said on Wednesday (Dec 11). More…
Apple working with Broadcom to develop AI chip: report
APPLE is working with Broadcom to develop its first server chip specially designed for artificial intelligence (AI) processing, the Information reported on Wednesday (Dec 11), citing…
Nvidia challenge to investor suit spurned by Supreme Court
THE US Supreme Court dismissed an appeal by Nvidia, leaving it to face a lawsuit that accuses the company of misleading shareholders about its reliance on crypto-mining revenue in the…
China is urging EV firms to invest in South Africa, official says
CHINA is encouraging its electric vehicle (EV) manufacturers to invest in South Africa as it seeks to broaden ties between the two nations. “We encourage the Chinese companies to consider,…
Stability, rich talent pool in South-east Asia drive double-digit growth for Citi across inter-Asean trade corridors
Governments in the region are welcoming of supply chain shifts, says the bank’s co-head of corporate banking THE South-east Asia region is favoured for its relative stability, geographic…
Borussia Dortmund vs Barcelona Live Streaming: How to Watch the UEFA Champions League Match in the US, UK and India
Borussia Dortmund and Barcelona will try to maintain their impressive starts in the UEFA Champions League when they meet at Signal Iduna Park on Wednesday. Matchday 6 of the League will…
Juventus vs Manchester City Live Streaming: How to Watch the UEFA Champions League Match in the US, UK and India
Juventus is set to face Manchester City at the Allianz Stadium on Wednesday, aiming to bounce back to form in the UEFA Champions League. The Italian side has struggled recently, failing to…
Huawei’s New Mate 70 phone shows its chip advances are stalling
HUAWEI Technologies’ latest flagship smartphone is powered by a chip little different from the one that set off alarm bells in Washington a year ago, signalling a slowdown in the Chinese…
Del Monte Q2 net loss widens to US$22.2 million on subsidiary’s lower profit, higher interest expense
PHILIPPINE food-and-beverage manufacturer Del Monte Pacific on Wednesday (Dec 11) posted a net loss of US$22.2 million for the second quarter ended Oct 31, 2024, from a loss of US$8.5…
Ron Sim and Osim send legal letter of demand to Trek 2000 International’s current and former chairman
Ron Sim alleges fraudulent misrepresentations before he acquired shares of Trek 2000 in 2015 MASSAGE chair and appliance manufacturer Osim International and its founder Ron Sim have named…
China auto body seeks subsidy extension as EV exports take hit
CHINA’S biggest industry group for automobile makers urged the government to extend concessions for trading in older vehicles, as part of measures to spur domestic car sales amid a drop in…
Dasin Retail Trust to terminate remaining mall management agreements
DASIN Retail Trust will not be renewing commercial and property management agreements for four of its properties – Shiqi Metro Mall, Xiaolan Metro Mall, Ocean Metro Mall and Dasin E-Colour…
Tesla sells 21,900 EVs in China in first week of December, the highest in Q4
US automaker Tesla sold 21,900 electric vehicles in China in the first week of December, the highest weekly sales in the fourth quarter of 2024, according to Tesla China on Wednesday (Dec…
Maybank downgrades rating on Malaysia property to ‘neutral’ on JS-SEZ delay, lack of new drivers
MAYBANK Securities lowered its call on Malaysian property developers to “neutral” from “positive” for next year, given the absence of new factors and the delay in details about the…
TikTok files legal challenge against Canada unit shutdown order
TIKTOK Technology Canada applied for a judicial review to challenge Canada’s order that China’s Bytedance close its subsidiary in the country, citing national security risks. In the filing…
US mulls new russia oil sanctions to weaken Putin ahead of Trump
THE Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine just weeks before Donald Trump…
Gold hits two-week high with spotlight on US inflation data
GOLD prices nudged higher to touch a two-week peak on Wednesday (Dec 11), supported by escalating geopolitical tensions and expectations of another rate cut by the Federal Reserve next…