Malaysia’s Sarawak state secures largest stake in Affin Bank
MALAYSIA’S Sarawak state has emerged as the largest shareholder in Affin Bank after finalising a long-delayed deal to acquire additional shares in the lender. State-owned SG Assetfin…
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.
Nikkei rallies 2% on softer yen, Japan leadership tussle in spotlight
JAPAN’S Nikkei share average rallied more than 2 per cent on Friday (Sep 27), buoyed by further softening of the yen as markets closed just before results of the ruling Liberal Democratic…
Pop Mart toys fuel 150% rally in bright spot for China consumer
CHECKING out the latest arrivals in a Pop Mart store near their apartment has become a weekend routine for 34-year-old Shanghai resident Miki Li and her family. Li likes collecting blind…
Iron ore rallies back above US$100 as China’s shift boosts outlook
Futures are on course for the highest close since August, rising 3.5 per cent to US$101.95 a tonne in Singapore IRON ore headed for the biggest weekly gain since April, with futures…
Medco Energi in talks to buy controlling stake in Senoko: sources
Medco Energi Internasional is in exclusive talks to buy a controlling stake in Senoko Energy, according to people with knowledge of the matter, in a deal that could value the…
Hot stock: Wilmar hits near 5-month high amid heavy trading
The counter remains one of the most actively traded counter in terms of volume with 12.9 million shares transacted SHARES of Wilmar International surged on Friday (Sep 27) to reach a near…
Musk’s X seeks Brazil comeback, retreats on ‘censorship’ feud
IN A major climbdown, Elon Musk’s X told Brazil’s Supreme Court it had complied with orders to stop the spread of misinformation and asked a judge to lift a ban on the platform, according…
Asia: Hong Kong, Shanghai extend surge as China optimism boosts markets
HONG Kong and Shanghai ploughed on with their China-fuelled rally on Friday on hopes that Beijing will press on with new plans to boost the world’s number two economy. A string of…
Arm rebuffed by Intel after inquiring about buying product unit
ARM Holdings approached Intel about potentially buying the ailing chipmaker’s product division, only to be told that the business is not for sale, according to a person with direct…
Stocks to watch: CapitaLand Integrated Commercial Trust, UOL, SingLand, Amos
THE following companies saw new developments that may affect trading of their securities on Friday (Sep 27): CapitaLand Integrated Commercial Trust (CICT): The trust will issue 377.3…
Federal Reserve’s Cook says she ‘wholeheartedly’ supported half-point rate cut
FEDERAL Reserve Governor Lisa Cook on Thursday endorsed the US central bank’s 50-basis-point interest-rate cut last week as a way to address increased “downside risks” to employment. “I…
Super Micro plunges as prosecutor reviews accounting claims
SUPER Micro Computer fell the most in a month on a report that the US Justice Department is looking into an ex-employee’s claims that the server maker violated accounting rules just a few…
Europe: Stoxx 600 clocks all-time closing high on China stimulus boost
EUROPEAN shares jumped on Thursday, with China-exposed stocks such as luxury and miners outperforming on news of aggressive Chinese economic stimulus, while chip stocks also advanced…
US: S&P 500 at fresh record on Micron results, China stimulus
WALL Street stocks powered higher on Thursday, with the S&P 500 finishing at a fresh record, following strong Micron earnings and statements from Beijing signaling likely additional…
Swatch CEO says no take-private plans underway as shares soar
SWATCH Group chief executive officer Nick Hayek said there are no plans underway to take the watchmaker private, although it’s something that “would be nice to do.” The CEO made those…
Swatch CEO says ‘nothing new’ in buyout talk lifting stock
SWATCH Group chief executive officer Nick Hayek said that it’s “pure speculation” that the company is considering going private now, although it’s something that “would be nice to do.” The…
CICT’s preferential offering closes with 82% valid acceptances
CAPITALAND Integrated Commercial Trust (CICT) received valid acceptances of 82 per cent at the close of its preferential offering on Tuesday (Sep 24). In a bourse filing on Thursday, the…
China’s August net gold imports via HK lowest in over 2 years
China’s monthly net gold imports via Hong Kong dropped 76 per cent to their lowest level in more than two years in August, data showed on Thursday (Sep 26), as a record price rally curbed…
World coffee, sugar prices surge as drought-hit Brazil awaits rains
WORLD coffee and sugar prices surged to new highs on Thursday (Sep 26) as investors remained focussed on drought-hit Brazil, the top grower of both commodities, with weather forecasts…
Commerzbank to begin talks with UniCredit as it woos investors with profit goals
Commerzbank will hold a first round of talks with UniCredit on Friday (Sep 27) as the Italian lender presses for a possible tie-up, the German bank’s designated CEO, Bettina Orlopp, said…
We went to a gala for AI-produced movies. Here's what we saw
SAN FRANCISCO — San Francisco Film Commission Vice President Jack Song has been to many Hollywood movie premieres before, but this was a first — a gala led by tech enthusiasts that…
Singapore stocks continue to falter, bucks regional trend; STI down 0.03%
THE Straits Times Index (STI) fell on Thursday (Sep 26), bucking regional indices which registered gains. The STI was down 0.03 per cent or 1.04 points to 3,582.23, continuing to falter…
Olympics caterer Sodexo mulls acquisition of Aramark
FRENCH food catering company Sodexo has been exploring a potential acquisition of US rival Aramark as it seeks growth overseas, sources said. The caterer has been discussing a possible…
World’s most popular vegetable oil is no longer the cheapest
Palm oil has lost its position as the world’s cheapest edible oil, thanks to shrinking output in the biggest growers and plentiful supply of the main alternative. The tropical oil, which…