Asia: Stocks rise, oil falls as Trump fans Ukraine peace hopes
ASIAN markets mostly rose on Thursday (Feb 13) and oil prices extended losses as forecast-topping US inflation was overshadowed by hopes for an end to the Ukraine war after news Donald…
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Asia
HSBC hires ex-BNP banker Sun as head of debt markets for Asia
HSBC Holdings hired former BNP Paribas banker George Sun as head of global debt markets for Asia, attracting an outsider even as the bank undergoes a restructuring. A spokeswoman for HSBC…
Citigroup targets social finance deals in Asia as demand grows
Citi led 76 transactions in Asia last year, raising US$2.4 billion, according to the bank CITIGROUP said it expects social finance funding in Asia to rise by more than 10 per cent this…
Coty’s Sales Decline in Q2 Amid Weak Demand in Asia and Tight Inventory Management Despite Strong Fragrance Performance
The fragrance effect that has boosted Coty for the past year was not enough to offset a trio of weak demand in Asia, FX headwinds and a slowing mass market from weighing on sales in the…
Manulife appoints new Singapore CEO amid leadership shake-up in Asia
INSURER Manulife has appointed Benoit Meslet, the current chief executive officer of its Japan office, to head its Singapore division. Meslet will replace Khoo Kah Siang on Jun 1 – pending…
Pimco seeks to grow 60/40 fund to US$2 billion on Asia expansion
PACIFIC Investment Management Company (Pimco) is seeking to grow assets in a multi-asset mutual fund by 25 per cent to US$2 billion this year, betting that a 60/40 equity-debt split will…
BRC Asia Q1 profit after tax rises 13.9% to S$19.5 million
This is despite revenue falling 12.4% year on year to S$349.8 million, from S$399.2 million STEEL fabricator BRC Asia on Thursday (Feb 6) announced its profit after tax rose 13.9 per cent…
Macquarie investing arm hires Gabriel Ho for South-east Asia push
MACQUARIE Group has hired a new managing director as part of a push in South-east Asia for the firm’s investing arm. Macquarie Asset Management appointed Gabriel Ho to expand its coverage…
Morgan Stanley to hire more Asia wealth relationship managers
MORGAN Stanley’s Asia wealth chief is looking to boost the number of staff dealing with its richest customers as the US lender pushes ahead with its regional expansion. The firm’s 140…
Asia: Stocks mostly down after Wall St losses
ASIA stocks mostly fell in thin holiday trade on Monday (Dec 30) after tech losses killed off the traditional year-end lift on Wall Street at the end of last week. The “Santa Claus rally”…
Dozens dead in South Korean airport plane fire
A Jeju Air passenger plane crashed and caught fire at Muan International Airport in southern South Korea on Sunday after veering off the runway and hitting a fence, killing at least 62…
Sembcorp makes debut on Dow Jones Sustainability Asia Pacific Index
Other Singapore companies on the index are CapitaLand Investment, ComfortDelGro, Keppel, ST Engineering, and Wilmar International SEMBCORP Industries was on Monday (Dec 23) included in the…
Asia: Markets track Wall Street rally as US inflation eases rate worries
ASIAN markets rose on Monday (Dec 23)after big gains on Wall Street, with traders welcoming below-forecast US inflation data that tempered worries that the Federal Reserve will take a more…
Asia: Markets mixed as traders digest Fed’s hawkish pivot
EQUITIES fluctuated on Friday (Dec 20) and the US dollar maintained its gains against its peers as investors assessed the fallout from the Federal Reserve’s outlook for interest rate cuts…
Asia dealmakers see more IPOs, convertible bonds in 2025
INVESTMENT bankers are pinning hopes on initial public offerings (IPOs) in Asia to grab a bigger slice of equity capital markets volumes in 2025, after such transactions fell to the…
Hong Leong Asia appoints MOM perm sec Ng Chee Khern as board member
He is the brother of National Trades Union Congress secretary-general Ng Chee Meng INDUSTRIAL conglomerate Hong Leong Asia has appointed Ng Chee Khern, the permanent secretary at the…
Singapore shares end flat amid mixed Asia markets as investors digest China’s monetary easing plans
SINGAPORE stocks closed unchanged on Friday (Dec 13), as China pledged further monetary easing to brace itself for more trade tensions with the United States. The benchmark Straits Times…
Stability, rich talent pool in South-east Asia drive double-digit growth for Citi across inter-Asean trade corridors
Governments in the region are welcoming of supply chain shifts, says the bank’s co-head of corporate banking THE South-east Asia region is favoured for its relative stability, geographic…
Singapore shares close flat amid mixed Asia markets on China stimulus hopes
STI down by 1.24 points or 0.03% at 3,794.92; Singtel is top gainer on benchmark index SINGAPORE stocks slipped into slightly negative territory on Monday (Dec 9), while other Asian…
STI rises 0.6% as banking shares make strong gains amid mixed Asia markets
SINGAPORE stocks were close to a record high on Thursday (Dec 5) morning, but eased by the close. The benchmark Straits Times Index (STI) rose 22.74 points or 0.6 per cent to 3,822.68.…
South Korea shares fall at the close as political tensions continue; Asia markets mixed
SOUTH Korean shares continued to fall by the close on Wednesday (Dec 4),after the country’s President Yoon Suk Yeol declared martial law overnight. Yoon then lifted the decree within…
New US solar tariffs on South-east Asia to raise prices, cut profit margins
A NEW round of US solar panel import tariffs on South-east Asian producers is expected to raise consumer prices and cut into producer profit margins, but was largely anticipated by…
Singapore stocks close up 0.3%, tracking strong gains in Asia on positive China data
heightened tension to ultimately provide fuel for two multi-year trends benefiting Singapore: FDI and wealth inflows. SINGAPORE stocks closed higher on Monday (Dec 2), following gains in…
Iran ramps up nuclear program, close to weapons-grade: UN
The UN's nuclear watchdog believes Iran is ramping up it's nuclear program with advanced technology, pushing its program closer to weapons-grade potential. Plans to accelerate its nuclear…