Business
SingPost short interest spikes on uncertain direction and smaller scale
The short interest in Singapore Post (SingPost) shares has been surging since July, catapulting the counter to the top shorted stock on…
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Business
Business
US approves some Nvidia UAE sales in step of Trump AI diplomacy
Gulf nations have been subject to US restrictions on advanced AI chip shipments since 2023, over concerns that the technology could be…
Business
Competition watchdog clears Econ Healthcare acquisition, says deal has not substantially lessened competition
This is in view of the low market shares of the parties involved in the acquisition, among other reasons Singapore’s competition regulator…
Business
Indian central bank steps up offshore FX defence to shield rupee
The local currency’s one-month volatility against the US dollar has fallen sharply this month India’s central bank has ramped up its…
Business
Clear pathways to growth and prosperity in Asia amid global uncertainty: OCBC’s Tan Teck Long
The ‘golden era of globalisation’ now feels like a distant memory, says the bank’s deputy CEO While the world is facing a landscape marked…
Business
Asia: Stocks mixed as traders assess AI rally, US rates and shutdown
Technology firms have been riding to ever-higher levels this year, dragging equity markets with them as companies pump hundreds of…
Business
Posts falsely claim AI video shows moment Indonesian school collapsed
After part of a multi-storey Islamic boarding school in Indonesia collapsed while students gathered for afternoon prayers, an AI-generated…
Business
China tightens rare earth export controls, targets defence, semiconductor users
Chinese companies working overseas are also barred from working with companies overseas on rare earths without permission from the…
Business
Asia bonds look vulnerable as Fed rate cuts deliver less support
Central banks in Indonesia, India, Malaysia, Thailand, South Korea and the Philippines have trimmed their benchmark rates by a cumulative…
Business
Top Singapore fund Lion Global wins with ‘forgotten’ small-caps
The company sees the small- and mid-cap strategy continuing to succeed over the longer term as well Lion Global Investors’ strategy of…
Business
Top Singapore fund LionGlobal wins with ‘forgotten’ small-caps
The company sees the small- and mid-cap strategy continuing to succeed over the longer term as well Lion Global Investors’ strategy of…
Business
Keppel Reit raises S$113 million in private placement for Sydney mall buy
The manager of Keppel Reit on Thursday (Oct 9) announced that the private placement to raise S$113 million for its majority purchase of…
Business
China stocks rise post-break as AI buzz outshines tepid spending
Traders are now turning their attention to policy signals ahead of the Communist Party’s Oct 20 to 23 meeting, where the blueprint for the…
Business
Gold pauses after record rally on safe-haven demand
Markets are pricing in an additional 25-basis-point cut each in October and December Gold eased on Thursday (Oct 9), as investors booked…
Business
BOJ will find another rate hike this year difficult, says ex-deputy governor
The Bank of Japan (BOJ) can raise interest rates if prospects of durably meeting its 2 per cent inflation target improve, but would…
Business
HSBC plans to take Hang Seng Bank private in US$37 billion deal
The firm, based in London, is known as an anchor of commerce between the Asia-Pacific region and the rest of the world HSBC Holdings is…
Business
HSBC plans to privatise Hang Seng at US$37 billion valuation
The lender plans to refrain from share buybacks in the coming three quarters as it seeks to restore its capital ratio to its operating…
Business
SoftBank’s Graphcore plans £1 billion chip investment in India
The US’s tensions with China have helped the country rise in prominence for global tech companies, but its AI infrastructure is still…
Business
Stocks to watch: Keppel Reit, OUE Reit
The following companies saw new developments that may affect trading of their securities on Thursday (Oct 9): Keppel Reit: The manager of…
Business
Seven & i struggles to win back investors after failed takeover
The company is reshaping itself under a new chief executive by selling weaker assets, buying back two trillion yen worth of shares and…
Business
Malaysia’s data centre boom looks poised to continue despite power, labour concerns
Spillover of demand from Singapore is turning Johor into South-east Asia’s fastest-growing data centre hub Data centre operators in…
Business
Crypto exchange Gemini launches Australian arm
Cryptocurrency exchange Gemini said on Thursday (Oct 9) that it has launched an Australian operation as the firm expands into the country,…
Business
Fed minutes show caution over inflation even as officials cut rates
Federal funds futures contracts suggest investors see rate cuts likely in October and December US Federal Reserve officials showed a…
Business
US: S&P 500, Nasdaq end higher as tech strength outweighs Fed concerns
Technology shares boosted US stocks to a higher close on Wednesday (Oct 8) as investors, lacking economic data during the government…