AbTF, CmiA support Benin’s sustainable cotton sector
A key milestone in Benin’s textile industry development is the recent construction of a textile production centre south of Cotonou where all cotton used is verified by CmiA. AbTF senior…
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Grocer Lulu’s US$1.72 billion Abu Dhabi IPO draws Vanguard, GIC
HYPERMARKET chain operator Lulu Retail Holdings’s US$1.72 billion Abu Dhabi initial public offering drew orders worth US$37 billion, including from global investors Vanguard Group and…
Nigeria's army chief dies aged 56
Nigeria's army chief General Taoreed Lagbaja has died after a "period of illness" aged 56, President Bola Tinubu has announced. He died on Tuesday night in Lagos. The exact details of his…
Obesity drugmaker Novo Nordisk posts strong profit
Danish pharmaceutical giant Novo Nordisk, maker of the blockbuster diabetes and weight-loss drugs Ozempic and Wegovy, posted on Wednesday (Nov 6) strong third-quarter earnings despite…
How the UK's 'big brother' role in Africa is changing
UK Foreign Secretary David Lammy is coming to the end of his maiden tour of Africa with the aim of resetting relations with the 54-nation continent. "Our new approach will deliver…
Bank Indonesia signals rate-cut caution as Trump nears victory
BANK Indonesia’s monetary policy will focus on maintaining stability in the short-term as a likely victory for Donald Trump in the US presidential election is set to heap more pressure on…
World leaders seek binding plastic pact
“We are choking on plastic,” declared UN Secretary-General António Guterres, addressing a panel of international negotiators in Cali, Colombia. Tasked with creating a binding global…
Japan's Nikkei ends at 3-week high as markets await US election outcome
Japan’s Nikkei share average ended at a three-week high on Wednesday (Nov 6), led by chip and defence stocks, while market participants keenly awaited the outcome of the US presidential…
Social media posts misleadingly claim Malaysian public hospitals scrapped free dialysis treatment
Healthcare at public hospitals and clinics in Malaysia is heavily subsidised by the government but it is not free. However, social media posts have surfaced alongside a misleading claim…
Tech, manufacturing and China-linked stocks on the line as Asia braces for Trump 2.0
US-China trade tensions are likely to affect the Singapore equity market, say analysts, even as US markets get set to soar ASIAN and Singapore stocks in the tech and manufacturing sector,…
Toyota keeps profit outlook despite weakness in Japan, China
TOYOTA Motor kept its annual profit outlook intact despite reporting quarterly results that were dragged down in Japan and China, as the Japanese carmaker showed signs of recovery from…
Thai inflation stays below central bank target for fifth month
THAILAND’S inflation stayed below the central bank’s target for a fifth straight month, building pressure on the monetary authority to continue with rate cuts to boost price gains and the…
Honda still optimistic about sales despite weak second quarter
HONDA Motor raised its full-year guidance despite turning in second-quarter results that fell short of analyst estimates. Its shares slumped as much as 8.2 per cent. The Japanese carmaker…
GM recalls some Chevrolet Bolt electric SUVs for a second time
GENERAL Motors (GM) is recalling some Chevrolet Bolt battery-powered electric vehicles (EVs) because they are at risk of catching fire, three years after a larger callback of the…
Gold subdued as investors await US election outcome
GOLD prices were muted on Wednesday (Oct 6), as investors held back from taking big positions until the US election’s outcome was known and shifted focus to the Federal Reserve’s upcoming…
Gold falls as Trump’s decisive election win drives up US dollar
Bullion tumbled as much as 1.5% as Trump’s victory rippled through global markets Gold fell on a surging dollar as Republican Donald Trump was elected back to the White House after one of…
Protests erupt in Israel after Netanyahu fires defence minister
Protests have erupted in Israel after Prime Minister Benjamin Netanyahu fired the country's Defence Minister Yoav Gallant. Netanyahu said a "crisis of trust" between the two leaders led to…
Aramco cuts oil prices to Asia for December after Opec+ delay
SAUDI Arabia lowered oil prices for buyers in Asia for December after members of the Opec+, which includes the Organization of the Petroleum Exporting Countries plus Russia and other…
Philippines Approves Purchase of 40 Patrol Boats Amid China Spat
(Bloomberg) -- The Philippines has approved the purchase of 40 fast patrol craft worth 25.8 billion pesos ($441 million), seeking to bolster maritime security as tensions with Beijing in…
Manulife US Reit’s portfolio occupancy falls to 77% in Q3
MANULIFE US Real Estate Investment Trust (MUST) posted a portfolio occupancy of 77 per cent for its third quarter ended September, down from 78.4 per cent in the previous quarter. This…
Mexico Supreme Court rejects last-ditch effort to limit judicial overhaul
MEXICO CITY (AP) — Mexico’s Supreme Court dismissed a proposal Tuesday to reduce the scope of a contentious judicial overhaul making all judges stand for election. The failed effort would…
FLCT posts 5.7% drop in H2 DPU to S$0.0332 despite higher revenue
THE manager of Frasers Logistics & Commercial Trust (FLCT) on Wednesday (Nov 6) reported a distribution per unit (DPU) of S$0.0332 for the second half ended September, down 5.7 per cent…
CapitaLand Investment’s 9M revenue holds steady at S$2.1 billion
CAPITALAND Investment (CLI) reported S$2.1 billion in total revenue for the year to date (YTD) ended September, representing a slight improvement from S$2.09 billion in the prior year. In…
Mexico’s Top Court Dismisses Bid to Limit Judicial Overhaul
(Bloomberg) -- Mexico’s Supreme Court dismissed a ruling intended to limit the scope of a judicial overhaul passed by Congress, easing concerns of a standoff with President Claudia…