Business
Australian shares log record closing high on lithium boost
Australian shares rose to a record close on Monday (Aug 11), with lithium stocks leading index heavyweight miners higher, while investors…
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Business
Business
Goldman favours Asian high-grade debt again as growth risks rise
Asia investment-grade credit spreads widened by nearly six basis points on Aug 1, the most in four months, after the weaker-than-expected…
Business
CGSI downgrades UOB to ‘hold’ following softer loans growth expectation; near-term outlook ‘uncertain’
CGS International (CGSI) analysts Tay Wee Kuang and Lim Siew Khee on Friday (Aug 8) downgraded local bank UOB to a “hold” call from a…
Business
StarHub down 4.9% as M1 sale to Simba dashes hopes of its takeover of the telco
Shares of telco StarHub fell by nearly 5 per cent on Monday (Aug 11) after news of Keppel’s proposed sale of M1 to Simba Telecom. This has…
Business
StarHub down 6.6% as M1 sale to Simba dashes hopes of its takeover of the telco
Shares of telco StarHub fell by more than 6 per cent on Monday (Aug 11) after news of Keppel’s proposed sale of M1 to Simba Telecom, one…
Business
Temasek-backed entity to acquire 16% stake in Ayala’s healthcare arm
Health, the healthcare arm of the Philippines’ oldest conglomerate Ayala, said on Monday (Aug 11) that a private equity firm backed by…
Business
More Singapore companies charmed by US listings, but post-IPO trail not a pretty sight
Interest in listing on US exchanges has surged among Singapore companies, with 13 initial public offerings (IPO) in H1 2025, nearly thrice…
Business
More Singapore companies charmed by US listing, but post-IPO trail not a pretty sight
Interest in listing on US exchanges has surged among Singapore companies, with 13 initial public offerings (IPO) in H1 2025, nearly thrice…
Business
Asia: Markets waver to start key week for trade, US data
ASIAN markets mostly rose on Monday as investors eyed a week dominated by speculation about US inflation data and a prolonged pause for…
Business
Sembcorp Industries downgraded to ‘hold’ by Maybank on drop in net profit
Maybank equity analyst Krishna Guha downgraded his rating on Sembcorp Industries to “hold” on Monday (Aug 11), with a reduced target price…
Business
Ether leads weekend crypto rally as treasury buyers boost token
The rise comes off the back of mounting interest in the second-ranked cryptocurrency among large investors Second-ranked cryptocurrency…
Business
Hyflux founder, ex-CEO Olivia Lum was determined to win Tuaspring bid, prosecution says
Hyflux’s founder and former chief executive (CEO) Oliva Lum was determined that Hyflux win the Tuaspring integrated water and power…
Business
Chinese flu shot maker soars in Hong Kong trading debut
Ab&B is also the last company to go public in the city under listing rules that allowed retail investors to grab as much as half of all…
Business
Philippine central bank governor confident inflation will hit 2% in 2025
The Philippine central bank is confident of achieving a 2 per cent inflation rate this year, the lower end of its 2 per cent to 4 per cent…
Business
Philippine central bank signals August rate cut
— The Philippine central bank signalled on Monday (Aug 11) that it may deliver the first of two remaining interest rate cuts this year at…
Business
Gold slips as dollar firms, investors book profit; US data on tap
Gold prices slipped on Monday (Aug 11) as the US dollar strengthened and some investors locked in profits after a recent rally, with…
Business
Lithium prices and stocks jump after CATL halts major China mine
Chinese lithium prices and shares of Australian-listed producers of the metal jumped after Contemporary Amperex Technology Co Limited…
Business
Lithium market erupts as CATL shuts one of world’s biggest mines
Lithium prices and stocks spiked on Monday (Aug 11) after battery giant Contemporary Amperex Technology Co Limited (CATL) halted…
Business
CapitaLand Ascendas Reit proposes first UK logistics developments for an estimated S$350.1 million
CapitaLand Ascendas Reit (Clar) is proposing to launch its first logistics developments in the UK at an estimated total investment cost of…
Business
CapitaLand Ascendas Reit proposes first UK logistics developments for about S$350.1 million
CapitaLand Ascendas Reit (Clar) is proposing to launch its first logistics developments in the UK at an estimated total investment cost of…
Business
SK Hynix expects AI memory market to grow 30% a year to 2030
South Korea’s SK Hynix forecasts that the market for a specialised form of memory chip designed for artificial intelligence will grow 30…
Business
Keppel proposes M1 telco divestment to Simba Telecom for S$1.4 billion
Keppel announced on Monday (Aug 11) its proposed divestment of M1’s telco business to Simba Telecom for an enterprise value (EV) of around…
Business
S$1.4 billion sale of M1’s telco business to Simba ‘important’ despite S$222 million accounting loss: Keppel CEO
Keppel’s planned sale of M1’s telco business is expected to result in a S$222 million accounting loss, but the move is “important” for…
Business
China reshuffles soy trade to counter local glut and US tensions
China has long worried about its shortage of soybeans, solidifying its status as the world’s biggest buyer to the benefit of farmers from…