Vietnam amends law to ban exports of raw rare earth minerals
Only companies with government approval will be permitted to exploit, process and use rare earths Vietnam’s parliament moved to ban exports of raw rare earth resources as part of an…
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Fashion
Asian traders cheer US rate cut but gains tempered by outlook
MOST Asian markets rose on Thursday as traders welcomed the Federal Reserve’s third straight interest rate cut, though the euphoria was tempered by an indication officials could hold off…
Butter, milk and cheese prices slide as ‘stunning’ production floods global markets
Butter, milk and cheese prices are falling as a surge in global milk production floods the market, prompting warnings of a looming period of weak prices. “Too much milk for the market,…
Hong Kong IPO boom obscures sharp drop in underwriter fee rates
The booming overall pipeline means banks may be less inclined to cut fees to win business Investment banks are on track to take home their smallest slice of underwriting fees from Hong…
Keppel Reit to acquire additional one-third stake in MBFC Tower 3
Unitholders entitled to 23 units for every 100 existing units at S$0.96 each; acquisition to affect DPU Keppel Reit has agreed to acquire an additional one-third interest in Marina Bay…
Malaysia’s long-awaited electric train service linking KL and JB makes its debut in preview run
Just before dawn broke on Dec 11, Malaysia’s new electric train service (ETS) linking Kuala Lumpur to Johor Bahru rolled out of the Kuala Lumpur Railway Station on a media preview run, a…
Noodle maker Leong Guan’s shares open 8.7% up from IPO price on Catalist debut
The company’s placement of about 20.7 million shares at S$0.23 apiece has brought in S$4.75 million Shares of food manufacturing and distribution company Leong Guan Holdings opened 8.7 per…
Stocks to watch: Keppel Reit, CLI, MPACT, Ultragreen.ai, Ossia
The following companies saw new developments that may affect trading of their securities on Thursday (Dec 11): Source link
Trump demands CNN get new owners in Warner bidding war
US PRESIDENT Donald Trump said on Wednesday that he wants to ensure CNN gets new ownership as part of the Warner Bros Discovery sale, targeting the news outlet he has long feuded with.…
Former Cathay cinema operator mm2 gets lifeline after High Court shields it from creditors for 4 months
The company will need to devote its “somewhat finite bandwidth” to restructuring in the coming weeks Former Cathay Cineplexes operator mm2 Asia has been given a lifeline after the High…
Coca-Cola names insider Henrique Braun as new CEO
COCA-COLA on Wednesday named insider Henrique Braun as its new CEO, replacing James Quincey, as packaged food companies try to adjust their strategies to consumers looking for healthier…
Intel pursued deals that boosted CEO Tan Lip-Bu’s fortune: sources
Some chip-industry analysts have said in research notes that they welcomed Tan’s industry relationships. When the chairman of artificial intelligence (AI) chip startup Rivos wanted Intel…
US seizes oil tanker off coast of Venezuela, Trump says
The US has seized an oil tanker off the coast of Venezuela, President Donald Trump said on Wednesday, ratcheting up tensions with Caracas in a move that also raised oil prices. “We’ve just…
Oil settles higher after US seizes tanker off Venezuela’s coast
Oil prices settled higher on Wednesday after officials said the US seized an oil tanker off the coast of Venezuela, adding to concerns about immediate supplies. Brent crude futures rose 27…
European shares flat ahead of Fed decision; investors assess mixed corporate updates
EUROPEAN shares ended flat on Wednesday, as investors adopted a cautious stance ahead of the US Federal Reserve’s interest rate decision, while also parsing a slate of corporate…
Divided US Fed lowers rates by 25 bps, signals pause and one 2026 cut as growth rebounds
The pace of price increases has risen steadily from 2.3 per cent in April, above the Fed’s 2 per cent inflation target A sharply divided Federal Reserve cut interest rates on Wednesday but…
Musk’s fortune would more than double on US$1.5 trillion SpaceX
Musk’s path to becoming a trillionaire, whether it is through Tesla or SpaceX, is not without challenges The richest man in the world could more than double his US$460.6 billion fortune if…
Customer experience tech startup Toku files preliminary prospectus for Catalist IPO
It will use the proceeds to fund R&D, market expansion and to improve its financial position Technology startup Toku on Wednesday (Dec 10) lodged a preliminary prospectus for a listing on…
Ever Glory to offer 2 million new shares at S$0.64 each ahead of proposed transfer to mainboard
It will raise around S$1.2 million in net proceeds if the offer is fully subscribed As part of its proposed transfer to the Singapore Exchange (SGX) mainboard, Catalist-listed engineering…
Temasek, top funds bid in Swiggy’s US$1.1 billion share sale
The fundraising underscores the Indian e-commerce market’s rapid expansion amid surging demand Global investors, including Temasek Holdings and Capital Group, are offering to buy shares in…
MPACT subsidiary sells Festival Walk Tower for close to HK$2 billion
The manager of Mapletree Pan Asia Commercial Trust (MPACT) announced on Wednesday (Dec 10) that its subsidiary – Festival Walk – will sell Festival Walk Tower for nearly HK$2 billion…
ByteDance, Alibaba keen to order Nvidia H200 chips after Trump green light: sources
The chip’s ability to train AI models is currently unmatched by domestic equivalents [BEIJING/SINGAPORE] ByteDance and Alibaba have asked Nvidia about buying its powerful H200 AI chip…
HSBC’s senior bankers hid behind co-head roles, CEO Georges Elhedery says
Since taking charge, he has nearly halved the size of the bank’s operating committee HSBC’s chief executive officer Georges Elhedery said not enough executives were fully accountable for…
Airbus CEO concedes likely defeat to Boeing in order race this year
The planemaker remains ahead of its US rival in deliveries and the pipeline of outstanding orders Airbus CEO Guillaume Faury conceded likely defeat in the annual order race against Boeing…