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…
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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…
Analysts optimistic on Asian equities, bonds even as US Fed signals fewer rate cuts
They note strong long-term outlook for banking, manufacturing sectors here, and add bond investors will benefit from less volatility ALTHOUGH the “hawkish” interest rate cut by the US…
Analysts optimistic on Asian equities, bonds even as Fed signals fewer rate cuts
They note strong long-term outlook for banking, manufacturing sectors here, and add bond investors will benefit from less volatility ALTHOUGH the “hawkish” interest rate cut by the US…
Asia dealmakers see more IPOs, convertible bonds in 2025
INVESTMENT bankers are pinning hopes on initial public offerings (IPOs) in Asia to grab a bigger slice of equity capital markets volumes in 2025, after such transactions fell to the…
Latest Singapore six-month T-bill cut-off yield inches up to 3.02%
THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) rose to 3.02 per cent, according to auction results released by the Monetary Authority of Singapore on Thursday…
Indonesian arm of Malaysia’s Mr DIY drops on market debut
THE Indonesian arm of Malaysia-based home improvement retailer Mr DIY Group dropped in its stock market debut on Thursday (Dec 19) after raising 4.2 trillion rupiah (S$352 million) in…
HKMA cuts interest rate, tracking US Fed move
Hong Kong interest rates could remain at relatively high levels for some time, says chief executive THE Hong Kong Monetary Authority (HKMA) on Thursday (Dec 19) cut its base interest rate…
Malaysian Resources exits high-speed rail bid, Berjaya says
MALAYSIAN Resources has withdrawn from a consortium that is bidding for a proposed multi-billion dollar high-speed rail (HSR) line between Kuala Lumpur and Singapore, according to one of…
Battery-maker CATL considers Hong Kong listing to raise US$5 billion
CONTEMPORARY Amperex Technology Co Limited (CATL) is considering a second listing in Hong Kong that could raise at least US$5 billion, making it the city’s biggest since early 2021,…
Japan brokerages boost pay, perks for retirement-age staff
JAPAN’S biggest securities firms are raising pay and benefits for workers who reach retirement age, highlighting the urgency to retain talent in one of the world’s fastest-ageing…