Posts by Nathan Pine
China signs up 26 financial institutions to digital yuan cross-border payment platform
It supports 24-hour digital payment links with foreign central banks and overseas financial institutions Published Tue, Jun 16, 2026 · 08:29 PM [SHANGHAI] China’s digital yuan operation centre signed direct participant agreements with 26 financial institutions in Shanghai on Tuesday (Jun 16). The centre aims to expand low-cost, efficient cross-border payments and advance global adoption…
Read MoreBoustead Singapore unit renews contract with Australian government for S$60 million
Move is expected to have positive material impact on profitability and EPS in the financial year ending Mar 31, 2027 [SINGAPORE] Boustead Singapore’s subsidiary, Esri Australia, has renewed a contract for its geographic information systems (GIS) platform with the Australian federal government for around S$60 million. The engineering and technology group said via a bourse…
Read MoreSpaceX vaults past Amazon’s market value as options listing fuels surge
Published Tue, Jun 16, 2026 · 08:17 PM — Updated Wed, Jun 17, 2026 · 07:35 AM [BENGALURU] SpaceX roared past Amazon’s market valuation on Tuesday (Jun 16) and briefly topped that of Microsoft, rapidly scaling the list of the world’s most valuable companies on a topsy-turvy trading day fuelled by frenzied action in the…
Read MoreSpaceX set to vault past Amazon in market value as shares extend IPO surge
Published Tue, Jun 16, 2026 · 08:17 PM SHARES of Elon Musk’s SpaceX extended a post-IPO rally and rose more than 8 per cent in premarket trading on Tuesday, putting the company on course to overtake Amazon.com in market value to become the world’s fifth-largest company. The stock was last up 8.5 per cent at…
Read MoreSingapore shares rise on Tuesday; STI up 0.8%
Published Tue, Jun 16, 2026 · 06:53 PM [SINGAPORE] Singapore stocks ended higher on Tuesday (Jun 16). The benchmark Straits Times Index (STI) gained 0.8 per cent or 39.57 points to finish at 5,116.86. Singapore Exchange led the gainers on Singapore’s blue-chip index, rising 4 per cent or S$0.92 to end at S$24.17. The worst…
Read MoreAI splitting job market in two: PwC study
In another study, about 49 per cent of CEOs said they expected AI adoption to reduce junior hiring over the next three years Published Tue, Jun 16, 2026 · 06:42 PM ARTIFICIAL intelligence is pulling the global labour market in two opposite directions, rewarding companies that use AI to enhance human skills, while leaving those…
Read MoreGermany rejects UniCredit’s 39 billion euro Commerzbank offer
The government backs the bank’s independence and opposes the Italian lender’s ‘aggressive approach’ Published Tue, Jun 16, 2026 · 04:45 PM [FRANKFURT] Germany rejected UniCredit’s takeover bid for Commerzbank and said it supports the lender’s independence, given its important role for the national economy. On Tuesday (Jun 16), Germany’s Finance Agency, which manages the country’s…
Read MoreEuropean shares inch up as investors assess US-Iran agreement
Published Tue, Jun 16, 2026 · 04:04 PM EUROPEAN shares inched up at open on Tuesday (Jun 16), following a rally in the previous session, as investors assessed the preliminary agreement between the US and Iran, weighing prospects for the resumption of oil supplies through the Strait of Hormuz. The pan-European Stoxx 600 index edged 0.3 per…
Read MoreCan ST Engineering aspire to challenge DBS to be king of the local bourse?
Growing leading companies outside the banking sector will make the local stock market more vibrant [SINGAPORE] Unsurprisingly, Singapore’s largest group by market capitalisation is a bank – DBS . Having a strong shareholder in Singapore-headquartered global investment company Temasek helps drive DBS’ success. Perhaps, more importantly, the lender’s success is helped by being in the…
Read MoreAustralia’s central bank warns rate hikes might not be over after holding fire
Published Tue, Jun 16, 2026 · 01:46 PM [SYDNEY] Australia’s central bank held its cash rate steady at 4.35 per cent on Tuesday (Jun 16), saying the economy was slowing in the face of tighter financial conditions but warned it might yet hike again if needed to control inflation. Wrapping up its June policy meeting…
Read MoreJapan’s Nikkei hits record high, yen steady after BOJ hikes rates as expected
Published Tue, Jun 16, 2026 · 12:50 PM [TOKYO] Japan’s Nikkei share average rose to a record high on Tuesday (Jun 16) after the Bank of Japan (BOJ) raised interest rates, as had been widely expected, without signalling urgency for further tightening in monetary policy. The yen maintained a slightly stronger tone against the US…
Read MoreSouth-east Asia’s green power investments hit new high of US$17 billion in 2025: IEA
But coal is growing more dominant, accounting for nearly half of power generation in 2024 [SINGAPORE] South-east Asia invested US$17 billion in renewable energy last year, marking a new high since at least 2015, data from the International Energy Agency (IEA) showed. The investments were spread across solar, hydropower, wind and geothermal technologies, it said…
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