News
Singapore shares dip; STI down 0.1% on cautious sentiment
[SINGAPORE] Both Straits Times Index (STI) and the iEdge Singapore Next 50 Index finished lower on Friday (Dec 5), as concerns on the US economy continued to weigh on...
Temasek-backed Fullerton pares China hedge fund operations, workforce: source
[SINGAPORE] Fullerton Fund Management, backed by Temasek Holdings, has sharply scaled back its China private fund operations after years of struggling to build scale, a person with direct knowledge...
German factory orders jump on 87% surge in big transport items
Demand increased 1.5% from the previous month, which was revised significantly higher to show a 2% gain[BERLIN] German factory orders surged in October, supporting the prospect that Europe’s biggest...
India central bank cuts repo rate by 25 basis points, boosts liquidity
[MUMBAI] The Reserve Bank of India (RBI) cut its key repo rate by 25 basis points on Friday (Dec 5), in line with a consensus view, as record low...
CLI-backed SC Capital starts work on US$600 million first phase of Osaka data centre
The 100MW facility in a prime location will have direct access to robust power infrastructure and major network routes[SINGAPORE] Singapore-based institutional real estate investment management firm SC Capital Partners...
China’s risky shadow banks back in spotlight after Xi’s debt crackdown
Bridging the funding gap has become more urgent as bond issuance by the special financial vehicles has fallen to its lowest level since 2020[BEIJING] China’s crackdown on borrowing by...
Singapore, Malaysia to ramp up cross-border taxi quota to 500 per country
Foreign taxis will be allowed to drop off passengers anywhere outside their home country[SINGAPORE] Singapore and Malaysia will gradually increase the quota for licensed cross-border taxis to 500, from...
Liu Chang: The reluctant heiress who saved her father’s agriculture empire
The “young” Liu has already been with New Hope Group, founded by her father Liu Yonghao, for 23 years.“I’M NOT like the heroes of the founding generation, I don’t...
Big shift in AI stock trade drives hunt for new stars in Asia
Rather than completely abandon the AI trade, investors are moving to other stocks[HONG KONG] The hunt is on for new Asian equity winners from the artificial intelligence (AI) trade,...
India’s regulator withdraws pilot rest policy after IndiGo chaos
[NEW DELHI] India’s aviation watchdog has rolled back its new policy of weekly rest for pilots, reports said on Friday (Dec 5), after chaos caused by hundreds of flight...
