Strong US economy and ‘Trump trades’ boost greenback
THE US dollar climbed on Monday (Oct 21) and cryptocurrency Bitcoin hit a three-month high as a rise in US bond yields and the looming presidential election continued to impact markets.…
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Syngenta seeks US$3 billion ESG loan, Asia’s biggest this year
AGROCHEMICALS giant Syngenta Group is seeking a US$3 billion sustainability-linked loan, in what would be Asia’s largest US dollar facility linked to environmental, social and…
Brazil environmental disaster victims take case against mining giant BHP to UK court
LONDON (AP) — Victims of Brazil’s worst environmental disaster were taking their case for compensation to a UK court on Monday, almost nine years after tons of toxic mining waste poured…
Citic to sell stake in McDonald’s China, HK operations for US$430.3 million
CHINA’S state-owned Citic has agreed to sell its 19.23 per cent stake in the company that operates fast-food chain McDonald’s across China and Hong Kong for US$430.3 million, fully exiting…
Great Eastern gets further extension to Jan 24 to explore options for free float rule
GREAT Eastern Holdings now has until Jan 24, 2025, to explore options to comply with free float requirements under the Singapore Exchange’s (SGX) listing rules. The insurer had made an…
Zambian president sacks top judges who ruled in favour of his rival
Zambia's President Hakainde Hichilema has now sacked three top judges he previously suspended over alleged judicial misconduct, drawing further accusations of political interference in the…
Sembcorp inks deal to produce green hydrogen with Indonesia’s PLN
The facility in Sumatra will churn out 100,000 metric tonnes of green hydrogen a year SEMBCORP Industries said on Monday (Oct 21) that its wholly owned subsidiary, Sembcorp Utilities, is…
Opinion: The risks of sharing your DNA with online companies aren't a future concern. They're here now
Turmoil at 23andMe, a company offering popular at-home DNA testing, has upset the industry. Following the resignation of every independent member of the company’s board of directors, its…
A million people hit by flooding in South Sudan
Over a million people in South Sudan have been affected by floods across much of the country, the UN’s humanitarian organisation, Ocha, has said. More than a quarter of those – many in the…
IEA says oil demand growth weakness to continue on China and EVs
GLOBAL oil demand growth will continue to weaken due to China’s economic slowdown and the rapid uptake of electric vehicles, according to the International Energy Agency (IEA). “This year,…
Israeli foreign minister says 'Beirut in flames' after latest attacks
Israeli attacks have left "Beirut in flames," the country's foreign minister said on Monday morning, after a major offensive targeting Hezbollah's financial assets. Foreign Minister Israel…
UBS sells its 50% stake in Swisscard to American Express
UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank’s 50 per cent stake in credit card provider Swisscard. UBS will sell its 50…
Moldova Leader Set for First-Round Win, EU Vote Risks Rebuff
(Bloomberg) -- Moldovan President Maia Sandu was on track to win the first round of Sunday’s elections, but a key referendum on joining the European Union remained too close to call in a…
ABS partnership outlines best practices for anti-money laundering audits in banks
THE Association of Banks in Singapore (ABS) has launched Singapore’s first industry-led best practice paper to enhance anti-money laundering/countering the financing of terrorism (AML/CFT)…
CAG unit forms JV to manage Haikou Meilan International Airport non-aeronautical operations
A UNIT of Changi Airport Group has entered a joint venture (JV) to manage the non-aeronautical commercial operations at Haikou Meilan International Airport. Changi Airports International…
Bad Polls for Japan’s Ruling Coalition May Cloud BOJ Rate Path
(Bloomberg) -- Support for Japanese Prime Minister Shigeru Ishiba’s ruling coalition is continuing to soften in the runup to this coming weekend’s election, two polls showed, indicating…
Bitcoin flirts with US$70,000 after US$2.4 billion inflow into ETFs
BITCOIN pushed higher on Monday (Oct 21) as a spurt of inflows into exchange-traded funds (ETFs) for the largest digital asset as well as optimism about the outlook for US regulations…
Keppel and Australia’s biggest gas developer sign deal for liquid hydrogen to power Singapore data centres
Conditional agreement paves way for binding deal for Woodside Energy to supply the fuel from as early as 2030 Keppel has tied up with Woodside Energy, Australia’s largest oil and gas…
Singapore shares open almost flat on Monday; STI dips 0.04%
SINGAPORE shares began Monday (Oct 21) trading nearly flat despite weekend gains in markets abroad. As at 9.02 am, the Straits Times Index (STI) dipped 0.04 per cent or 1.59 points to…
Vietnam Premier Sees 2025 Economic Growth at 6.5% to 7%
(Bloomberg) -- Vietnam Prime Minister Pham Minh Chinh projects the nation’s economy will grow 6.5% to 7% in 2025 and says the government will push for expansion of 7%-7.5%, according to a…
Footage shows Algerian football fans' celebratory fireworks, not missile attack on Israel
After Iran launched a barrage of missiles at Israel on October 1, 2024, footage of fireworks exploding in Algeria was viewed thousands of times in posts claiming it showed the attack on…
Stocks to watch: Keppel, CDL, SingPost, Sabana Reit
THE following companies saw new developments that may affect trading of their securities on Monday (Oct 21): Source link
Philippines VP Duterte Slams Marcos as Feud Escalates
(Bloomberg) -- Philippines Vice President Sara Duterte on Friday said the nation’s leader Ferdinand Marcos Jr. “doesn’t know how to be a president,” unleashing her strongest criticism yet…
Risking death to smuggle alcohol past Somali Islamists
Alcohol smuggler Guled Diriye is exhausted. He has just returned from his trip transporting contraband from the Ethiopian border. The 29-year-old slumps in his chair inside a…