Ship rates spiking 467% marks upended trade across commodities
Freight rates have eased slightly from a peak at the end of November, but elevated costs are reverberating across the shipping market Rates to ship commodities from energy to bulk ores…
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Gold holds steady after weak US jobs data reinforce rate-cut bets
Gold prices held steady above the US$4,200 mark on Thursday (Dec 4), buoyed by weak private payrolls data that reinforced expectations of a US interest rate cut at the US Federal Reserve’s…
Ringgit rally, fiscal strength fuel Malaysia’s bond momentum
Malaysia’s improving fiscal outlook, moderating inflation and resilient currency are enhancing the appeal of its bonds, positioning them for continued gains into next year. Global funds…
Stocks to watch: Cordlife, DFI Retail Group, SingLand, Tuan Sing, Vibrant Group
The following companies saw new developments that may affect trading of their securities on Thursday (Dec 4): Cordlife: The cord-blood bank is facing claims of at least S$5.45 million in…
Nvidia’s Huang unsure whether China would accept its H200 chips
Allowing H200 sales to the Asian nation would mark a significant win for the world’s most valuable company Nvidia chief executive officer Jensen Huang said that he’s unsure whether China…
Concerns of weak prospects at Low Keng Huat belie a history of strong shareholder returns
Over the past 16 years, its shares have delivered a total return higher than that of STI, CDL, Hongkong Land and UOL shares The offeror for Low Keng Huat (Singapore), or LKHS, stated a…
Indexes close higher as data keeps Fed rate cut expectations elevated
US stocks advanced to close higher on Wednesday (Dec 3), as a flurry of economic data kept expectations elevated for an interest rate cut by the Federal Reserve next week, while a fall in…
TikTok to invest more than 200 billion reais in Brazil data centre
ByteDance’s TikTok will invest more than 200 billion reais (S$49 billion) to build a data centre in Brazil, marking its first project in Latin America. TikTok will partner with data centre…
Fed data suggests central bank has stopped losing money
The Fed’s deferred asset reflects losses that must be covered before it can resume payments to Treasury The Federal Reserve appears to have finally turned the corner on a three-year-long…
DFI Retail Group hikes dividend payout ratio to 70% in three-year plan
The group is targeting a compound annual growth rate of 11 to 15% for its underlying profit DFI Retail Group has unveiled a three-year strategic roadmap targeting double-digit profit…
Retail investors push e-commerce platform Meesho’s US$604 million India IPO to full subscription
The company has raised about US$270 million from anchors including Government of Singapore ahead of its IPO Meesho’s US$604 million initial public offering was fully subscribed the first…
Global accounting body IASB consults on new model for assessing bank risks
The model will attempt to replace a transaction-driven view of how banks manage interest rate risks Banks could give investors a clearer view on how they manage risks, such as those…
Airbus cuts 2025 delivery target after issues with top-selling jet
Airbus cut its 2025 delivery target to around 790 commercial aircraft on Wednesday (Dec 3), 30 fewer than previously expected, but maintained financial goals following a quality issue with…
How banks handle interest rate swings may soon be clearer to investors
Newly proposed rules by International Accounting Standards Board centre on new Risk Mitigation Accounting model The International Accounting Standards Board (IASB) on Wednesday (Dec 3)…
Cordlife faces S$5.45 million civil claim from clients over damaged cord blood units
Cordlife Group is facing claims of at least S$5.45 million in damages from clients who stored 109 cord blood units (CBUs) with the company. In a bourse filing on Tuesday (Dec 2), the cord…
Philippines' slow growth raises chance of December rate cut, says central bank chief
Data last month showed annual growth slowed to a four-year low of 4.0% in the third quarter A slower growth outlook for the Philippines raises the chances of another policy rate cut at a…
Major Chinese banks cut high-yield deposit products to ease margin pressure
Some major Chinese commercial banks have removed five-year, large-scale certificates of deposit that carry a high yield from their offerings, in an effort to cut costs and offset margin…
GXS cuts about 10% of workforce in rightsizing exercise
Digital bank GXS is cutting 82 jobs or about 10 per cent of its workforce across the group. This exercise is part of the group’s transition from the early growth stages of building a bank…
Grab-Singtel’s GXS bank cuts about 10% of workforce as it moves on from early-stage operations
Loss of 82 jobs part of the group’s transition from building a bank to running the operations: CEO Lai Pei-Si Digital bank GXS is cutting 82 jobs or about 10 per cent of its workforce…
MAS EQDP: Manulife Investment Management launches Singapore all-cap fund strategy
Manulife Investment Management said it will launch a fund strategy with an emphasis on Singapore small and mid caps, shortly after it was appointed among a second batch of asset managers…
Apple Tap to Pay launches in Singapore, allows merchants to use iPhones as contactless payment terminals
The function also supports contactless credit and debit cards from American Express, JCB, Mastercard, UnionPay and Visa Apple has announced that Tap to Pay on iPhone is now available in…
Gold flat as investors await US data for rate-cut signals
US rate futures are pricing in an 89% chance of a rate cut in December, according to the CME’s FedWatch tool Gold prices were little changed on Wednesday (Dec 3) after a 1 per cent drop in…
UltraGreen.ai closes up 4.8% on SGX trading debut in largest non-Reit IPO since 2017
It ends the day US$0.07 higher at US$1.52 after hitting a high of US$1.62 in the morning UltraGreen.ai surged 12 per cent on Wednesday (Dec 3) morning from its offer price of US$1.45, as…
Stocks to watch: Far East Group, UltraGreen.ai, Infinity Development
The following companies saw new developments that may affect trading of their securities on Wednesday (Dec 3): Far East Group: The company on Tuesday announced that its dormant, 93.88 per…