News
How much is Frasers Property willing to pay, to defend its turf in Orchard Road?
The dynamic could change if the owner of Cuppage Terrace puts his asset up for sale soon, too[SINGAPORE] The much-awaited collective sale of the rear block of The Centrepoint...
China EV makers rise as EU mulls minimum price to replace tariff
The minimum pricing will need to be flexible in order to accommodate different model types and vehicle categories[HONG KONG] BYD and other Chinese electric vehicle (EV) makers rose on...
Trump team nears Taiwan trade deal with more US chip investment
Any agreement with Taipei risks provoking China, which claims the island as part of its territory[WASHINGTON] The Trump administration is close to a trade deal with Taiwan that would...
Japan finance minister says US Treasury’s Bessent shares concerns about weak yen
JAPAN’S Finance Minister Satsuki Katayama said she and US Treasury Secretary Scott Bessent shared concerns over what she called the yen’s recent “one-sided depreciation”, as Tokyo stepped up threats...
Boustead Singapore amends agreement with Unified Industrial to retain control of Vietnam business
This allows the company to better manage its real estate and fund management business in the country [SINGAPORE] Boustead Singapore on Monday (Jan 12) announced amendments to a master...
Japan’s Nikkei hits all-time high on Wall Street rally, snap election bets
[TOKYO] Japan’s Nikkei share average surged to a record high on Tuesday, as markets played catch-up with Wall Street’s recent two-day rally following a public holiday in the Asian...
US Fed’s Williams says monetary policy well positioned amid a favourable outlook
He said that it’s critical for the Fed to get inflation back to its 2 per cent target [NEW YORK] Federal Reserve Bank of New York President John Williams...
Alphabet hits US$4 trillion valuation as AI refocus lifts sentiment
The company is the fourth company to hit the US$4 trillion milestone after Nvidia, Microsoft and Apple[BENGALURU] Alphabet briefly hit US$4 trillion in market valuation on Monday (Jan 12),...
Citi to cut about 1,000 jobs this week
CITIGROUP is set to cut about 1,000 jobs this week as part of chief executive Jane Fraser’s march to keep a lid on costs and improve returns at the...
European shares end choppy session at record high
EUROPEAN shares ended Monday’s session at a record high, although gains were small as the US government’s threat to indict Federal Reserve Chair Jerome Powell renewed investor concerns about...
US stocks: Wall Street indexes finish higher with tech, Walmart
[NEW YORK] The S&P 500 and Dow registered record closing highs on Monday, with shares of technology companies and retailer Walmart gaining and as investors mostly brushed aside concerns...
QXO secures US$1.8 billion financing led by Temasek, Apollo amid building products consolidation
[GREENWICH, Connecticut] Billionaire Brad Jacobs’ QXO said it has secured an additional US$1.8 billion in financing, led by Singapore’s Temasek and Apollo Global Management, as the building products supplier...