World Bank raises record US$100 billion for aid to poorest nations
THE World Bank received pledges to deploy a record of US$100 billion via its unit focused on low-interest loans and grants to the poorest nations. The total figure to fund its…
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Fashion
Nasa delays first moon landing in more than 50 years to 2027
NASA is delaying its first moon landing in more than 50 years by several months to 2027, as engineers at the agency race to fix critical safety issues with the hardware and adjust plans…
Wall Street banks predict biggest China rate cuts in a decade
CHINA’S central bank will deliver the biggest interest-rate cuts in a decade next year as policymakers intensify efforts to shore up growth and arrest deflation, in the view of a number of…
RHB says Suntec Reit unitholders should reject S$1.16 offer, sees positives for the Reit
Offer price is a 44% discount to the Reit’s net asset value, says the research house RHB has recommended unitholders of Suntec Real Estate Investment Trust (Reit) to reject the mandatory…
Singapore shares open lower on Friday; STI falls 0.4%
SINGAPORE shares opened in the red on Friday (Dec 6) , mirroring declines in the broader Asian region. The benchmark Straits Times Index (STI) fell 14.78 points, or 0.4 per cent, to…
Intel names two chip industry veterans to its board amid CEO search
INTEL on Thursday (Dec 5) named two chip industry veterans to its board, as the struggling semiconductor firm looks for a new top boss following the recent ouster of Pat Gelsinger and…
Victoria’s Secret lifts guidance with positive start to holidays
VICTORIA’S Secret raised its outlook after reporting third-quarter sales that topped Wall Street expectations, saying shoppers had an early positive response to its holiday merchandise.…
Lululemon raises annual forecasts betting on robust holiday sales
LULULEMON Athletica increased its full-year forecasts on Thursday (Dec 5), betting on resilient demand for its athletic wear in the US during the holiday shopping season and continued…
'Deny' 'Depose' and 'Defend': Chilling Cryptic Message Found on Bullets of Brian Thompson's Assan Has Eerie Book Slamming Insurance Companies
The suspect who shot UnitedHealthcare CEO Brian Thompson outside a Midtown hotel may have left a cryptic message on the bullets used in the attack. Cops are probing the possibility that…
Bournemouth vs Tottenham: Live Streaming: How to Watch the Premier League Match Online in the US, UK and India
AFC Bournemouth are gearing up to host Tottenham Hotspur to the Vitality Stadium, with both teams aiming to find consistency in their season. Bournemouth manager Andoni Iraola will…
Fulham vs Brighton Live Streaming: How to Watch the Premier League Match Online in the US, UK and India
Fulham and Brighton & Hove Albion will both look to bounce back to winning form when they face off at Craven Cottage on Thursday. The 14th round of the Premier League season ends on…
US: Wall Street opens muted with jobs data in focus
WALL Street’s main indexes opened subdued on Thursday (Dec 5) following record high closes for all three main indexes in the previous session, as investors awaited upcoming employment data…
ST Telemedia sells majority stake in Malaysian telecom firm U Mobile
Singapore Technologies Telemedia said on Wednesday (Dec 4) Malaysia’s Mawar Setia will acquire a majority stake in the company’s U Mobile unit, a mobile and broadband service provider in…
Abu Dhabi’s Adnoc signs 15-year LNG supply deal with Malaysia’s Petronas
ABU Dhabi National Oil Co (Adnoc) agreed to sell liquefied natural gas to Malaysia’s Petronas for 15 years starting 2028, expanding the Middle East company’s efforts to become a major…
Praemia REIM is said to consider Singapore healthcare Reit IPO
FRANCE’S Praemia REIM is considering listing a healthcare real estate investment trust (Reit) in Singapore, according to people familiar with the matter, adding to a slew of potential…
Hot stock: OKH Global surges 38.9% after proposed acquisition of Chip Eng Seng Construction
The company says the deal could help to revitalise the business and provide a strong financial footing for it to pursue future growth opportunities SHARES of OKH Global surged on Thursday…
NTT Data seeks to buy land in Johor Bahru to build data centre
Malaysia is in the midst of a boom to build data centres as global tech players rush to meet the demand for infrastructure and computing power NTT Data announced on Thursday (Dec 5) a…
Fortunes of Apac billionaires outstripped global wealth growth last decade: report
ASIA-Pacific’s (Apac) ultra wealthy had the fastest growing fortunes among billionaires across the globe over the last decade, a UBS report found on Thursday (Dec 5). The wealth of Apac’s…
Frasers Property alerted of scam accounts impersonating its subsidiaries
The group warns that these fraudulent accounts could attempt to solicit sensitive information from shareholders and the public under false pretenses Frasers Property was notified of the…
Latest Singapore six-month T-bill cut-off yield slips to 3%
This is down from the 3.08% offered in the previous auction that closed on Nov 21 THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) fell to 3 per cent, auction…
FashionValet founders charged after sovereign wealth fund loss
MALAYSIAN prosecutors charged the founders of a local online fashion retailer over the alleged misuse of funds invested in their company by two government-linked firms. Local influencers…
Temu told to suspend Vietnam operations, state media reports
CHINESE online retailer Temu has been told to suspend its operations in Vietnam after it failed to meet an end-November deadline for business registration in the South-east Asian country,…
Bitcoin tops US$100,000 for the first time on optimism over Trump crypto plans
BITCOIN rose above US$100,000 for the first time on Thursday (Dec 5) as the election of Republican Donald Trump as president of the United States spurred expectations that his…
Gold little changed; investors await US payrolls data
GOLD prices were little changed on Thursday (Dec 5) as investors awaited US payrolls data, due on Friday, for more cues on the Federal Reserve’s monetary policy path. Spot gold was flat at…