F&B counters still whet investor appetite amid privatisation deals
The thirst for yield has drawn interest from private equity, which can provide a further boost to growth SINGAPORE-LISTED food and beverage (F&B) players remain largely attractive,…
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.
F&B, grocery players like Sheng Siong, DFI still whet appetite of investors
DESPITE a fiercely competitive environment, Singapore-listed food and beverage (F&B) players are still a draw for investors. The thirst for yield has also drawn private equity interest to…
EU says it could continue China EV talks even after tariffs
THE European Commission is willing to continue negotiating with China a potential deal to avert tariffs on Chinese electric vehicles even after such tariffs are imposed, a senior EU…
Lagarde backs bank mergers as ECB prepares for UniCredit verdict
European Central Bank President Christine Lagarde reinforced her support for international banking tie-ups in the eurozone, saying they can produce many upsides, including a greater…
Thai Air plans US$1.3 billion share sale to complete debt revamp
Thai Airways International plans to issue new shares worth at least US$1.3 billion to creditors and other investors by December, a major step toward exiting a court-monitored debt…
US: Wall St opens lower as investors await economic data, Powell's comments
Wall Street’s main indexes opened lower on Monday (Sep 30) as investors paused after a rally in the previous week and exercised caution ahead of numerous job reports and comments from…
Euro nudges higher; China stimulus boosts Aussie and kiwi
THE euro strengthened on Monday (Sep 30) after German inflation data, while commodity currencies rose on hopes for a turnaround in China’s economy and the Japanese yen steadied as traders…
Indonesia’s Bank Mandiri backs new coal power plant with US$1.27 billion financing
The financing comes at a time when Indonesia is striving to reduce coal consumption and transition to renewable energy Bank Mandiri – the latgest state-owned lender in Indonesia –…
Murdoch’s REA ends month-long takeover pursuit of Britain’s Rightmove
RIGHTMOVE’S shares dropped 8 per cent on Monday (Sep 30) after Rupert Murdoch’s REA Group ended its US$8.29 billion takeover pursuit following a fourth bid rejection from the British real…
Japfa fails to buy targeted maximum number of shares under equal access scheme
Shareholders will be entitled to sell to the company up to 9 per cent of shares held in their name JAPFA managed to purchase only 76.3 per cent of the maximum number of shares it had aimed…
Britain’s biggest steel works to end production after 100 years
BRITAIN’S biggest steelworks will end production later on Monday (Sep 30), when the final blast furnace at Port Talbot in Wales will close after more than 100 years of steelmaking, at a…
China’s central bank buys 200 billion yuan of sovereign bonds in September
THE Chinese central bank said on Monday (Sep 30) that it had bought 200 billion yuan (S$36.5 billion) of the country’s government bonds in open-market operations in September. China’s…
Careful not to stifle innovation, Newsom hesitates on major tech bills
SAN FRANCISCO — Backstage at one of the largest artificial intelligence conferences in the world, Gov. Gavin Newsom listened to two leaders in the field debate opposite views of a…
Aston Martin plunges as supply woes prompt profit warning
SHARES of Aston Martin Lagonda Global plunged after the luxury sports-car maker lowered its guidance for the year, blaming supply chain disruption and weak demand in China. The shares…
MAS, Temasek executives among new members appointed to HDB’s board
Those serving new terms hail from diverse backgrounds with experience in different sectors and professional fields THE Housing and Development Board (HDB) has named five new members who…
Volkswagen’s second profit warning exposes a carmaker in decline
VOLKSWAGEN’s (VW) second profit warning in three months makes one thing clear: Europe’s biggest automaker is in decline. The German manufacturer on Friday (Sep 27) slashed expectations for…
Indonesia launches central counterparty clearing house
INDONESIA launched on Monday (Sep 30) a central counterparty clearing house (CCP) for foreign exchange and money market transactions as it aims to deepen the capital markets of South-east…
Hot stock: Nio jumps over 20% on news of strategic investment in China unit
The last time the counter reached such levels was in January, when it traded above US$7.60 SHARES of Nio rose by 21.9 per cent on Monday (Sep 30) following news that strategic investors…
Thailand has no limit on number of virtual bank licenses: deputy finance minister
THAILAND is not limiting the number of virtual bank permits that will be issued, a deputy finance minister said on Monday. Any group that qualifies would be granted a license, minister…
Asia: Tokyo stocks dive on strong yen as Hong Kong, Shanghai extend rally
STOCKS plunged more than four per cent in Tokyo on Monday after the yen surged in reaction to Shigeru Ishiba’s election last week as the head of Japan’s ruling party, which boosted…
Singapore’s moribund IPO market looks to Reits for a lifeline
SINGAPORE’S stagnant initial public offering (IPO) market is relying on a boost next year from real estate investment trusts (Reits). Japan’s Nippon Telegraph & Telephone (NTT) is…
Singapore shares open almost flat on Monday; STI down 0.02%
SINGAPORE stocks began Monday (Sep 30) on a muted note, as global equities ended mixed over the weekend. As at 9.01 am, the Straits Times Index (STI) was down 0.02 per cent or 0.73 point…
Stocks to watch: Nio, Sheng Siong, Manulife US Reit
THE following companies saw new developments that may affect trading of their securities on Monday (Sep 30): Nio Inc: The Chinese electric-vehicle maker’s China unit Nio Holding Co, also…
Japan’s incoming PM Ishiba calls for loose monetary policy
JAPAN’S incoming prime minister, Shigeru Ishiba, said on Sunday the country’s monetary policy must remain accommodative as a trend, signalling the need to keep borrowing costs low to…