Business
Stocks to watch: SGX, CSE Global, Manulife US Reit, Keppel Reit, Wilmar, CDL
The following companies saw new developments that may affect trading of their securities on Thursday (Nov 20): Source link
Section
Business
Business
Asia’s currency-defence war chest has swelled to US$8 trillion
Asia’s foreign-exchange reserves have surged to almost US$8 trillion, providing the authorities from Tokyo to Mumbai with ample ammunition…
Business
Geely-linked car electronics maker eager to shed Chinese roots
Ecarx is in advanced discussions to combine with another Nasdaq-listed automotive-sensor company Ecarx Holdings, the Nasdaq-listed…
Business
Healthcare AI company Heidi launches Singapore regional hub
The company plans to invest US$8 million in South-east Asia in the next two to three years Healthcare artificial intelligence (AI) company…
Business
Shipping giants race to speed up China-Peru trade with new route
The ports of Callao and Chancay are only about 50 miles apart, or a few hours by truck, and both are close to Lima. Competition to…
Business
Stellantis takes fresh swipe at BYD on EV sales in Europe
Chinese carmakers have been on a tear in Europe despite the region’s import tariffs, offering electric as well as hybrid models at…
Business
Crypto exchange Kraken confidentially files for US IPO
Analysts expect crypto companies to try and go public before the midterm elections next year Kraken, one of the world’s largest…
Business
Many US Fed members were inclined against December interest rate cut: minutes
Fed Chair Jerome Powell said last month that a further reduction in December was “not a foregone conclusion” MANY US Federal Reserve…
Business
The New Target: Incoming CEO Michael Fiddelke Takes Aim
Brian Cornell effectively signed off to Wall Street on Wednesday. It felt something like a bittersweet goodbye for Cornell, who after 11…
Business
Nvidia beats Q3 revenue estimates, helping counter fears of AI bubble
Nvidia, the world’s most valuable company, gave a strong revenue forecast for the current period, helping counter concern that an…
Business
US: Wall Street indexes end rocky session higher ahead of Nvidia earnings
US stocks ended a choppy session higher on Wednesday, rebounding from recent losses as technology stocks rose ahead of Nvidia’s quarterly…
Business
Europe: Shares flat; investors brace for Nvidia results
EUROPEAN shares closed flat on Wednesday while investors looked ahead to a high-stakes earnings report from chipmaker Nvidia, which could…
Business
Warner Music Group and AI startup Udio reach agreement in fight over copyrighted music
Warner Music Group on Wednesday said it reached an agreement with artificial intelligence startup Udio, ending a legal battle over…
Business
Larry Summers Resigns from OpenAI Board After Epstein Emails Revealed He Was Friends with the Pedophile and Sought Romantic Tips from Him
Larry Summers, former U.S. Treasury Secretary and ex-president of Harvard, resigned from OpenAI's board on Wednesday. His departure comes…
Business
SGX to reduce board lot size for securities above S$10
Those investors who have been toying with the idea of adding blue-chip stocks to their portfolio but have been put off by their prices may…
Business
SGX to reduce board lot size to 10 units for securities above S$10
Investors keen to add blue-chip stocks to their portfolio but deterred by the prices may soon be able to get a piece of the action. The…
Business
Keppel Reit trustee prices S$100 million perpetual securities at 3.28%
The trustee of Keppel Real Estate Investment Trust, HSBC Institutional Trust Services (Singapore), on Wednesday (Nov 19) priced its…
Business
Nokia streamlines business to focus on AI infrastructure boom
It plans to restructure into two main divisions – mobile networks and network infrastructure Nokia is banking on the boom in artificial…
Business
Tech unicorns set to benefit from new SGX-Nasdaq dual-listing highway: observers
The new framework allows companies to pursue a dual listing on both Nasdaq and SGX through a single set of documents Tech companies that…
Business
Buburuza CEO Daniel Zakharov on Why ASEAN Families Chose AI Banks Over Traditional Banks
You're innately drawn to things that give you power. That's not philosophy. That's psychology. When the pandemic hit and bank branches…
Business
US: Wall Street opens higher as Nvidia test looms
Wall Street’s main indexes opened slightly higher on Wednesday (Nov 19) following sharp losses earlier in the week, as investors set their…
Business
Aryan Anna Group Strengthens Global Positioning as Investor Demand and Media Recognition Rise
Aryan Anna Group, a financial services firm active in wealth management, asset management and structured lending, has announced…
Business
Norinchukin ekes out small profit, flags risks in private credit market
The bank reported a net profit of 26 billion yen (S$217.3 million) for the months of July to September Japan’s Norinchukin Bank, hit hard…
Business
Africa needs more green financing to unlock growth: report
Infrastructure deficits, climate change, and debt sustainability challenges are holding Africa back from unlocking its growth potential,…