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S$800m rail test centre opens, allows trains and rail systems to be tested in Singapore
[SINGAPORE] Trains and rail systems can now be tested in Singapore, with the completion and opening of a new S$800 million test centre in Tuas.Opened on March 28, the...
SingPost up 7.7% after divestment of Australian logistics business
[SINGAPORE] Shares of Singapore Post (SingPost) surged on Friday (Mar 28) morning, a day after the company announced the completion of the sale of its Australian logistics business. By...
Hong Kong derivatives trading surges to record on turbulent markets and hedge fund interest
[HONG KONG] Big swings in stock markets and hedge fund activity have propelled Hong Kong’s derivative trading to unprecedented highs.The number of outstanding futures and options contracts on the...
Singapore’s STI crosses 4,000-mark for the first time
[SINGAPORE] The Straits Times Index (STI) set a record on Friday (Mar 28) as it crossed the 4,000-mark for the first time in early trade. The index traded as much...
Oil approaches one-month highs as investors assess supply, trade war risks
[NEW YORK] Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with new US tariffs and their expected effect on the world’s economy.Brent crude futures...
US: Stocks extend losses on auto tariff shock
[NEW YORK] Wall Street stocks retreated for a second day on Thursday, as US President Donald Trump’s announcement of upcoming tariffs on imported vehicles and parts rocked financial markets and sparked...
Indonesia’s Widjaja family moves to delist Sinarmas Land from SGX; more large-cap exits on the horizon
[SINGAPORE] An entity controlled by Indonesia’s billionaire Widjaja family has made a voluntary unconditional cash offer for all the shares in Sinarmas Land that it does not already own...
China, Hong Kong stocks shrug off new US tariff threat; tech, auto lead gains
The chip sector rallies 1.3%, while automobiles sub-index also reverses losses to climb up 0.9%, leading onshore markets higher[HONG KONG] China and Hong Kong stocks rose on Thursday (Mar...
AirAsia flight to China turns back due to engine issue, lands safely
[KUALA LUMPUR] An AirAsia flight bound for China returned to Kuala Lumpur due to an engine issue shortly after takeoff and landed safely with no injuries reported, Malaysian authorities...
Foxconn plans EV event in Japan to woo manufacturers: sources
[TAIPEI] Foxconn is set to hold a seminar in Japan on April 9 to lay out its strategy on electric vehicles, two sources with direct knowledge of the matter said, as...
