News
Wall St opens lower; defence firms up as Trump calls for budget boost
[NEW YORK] Wall Street’s main indexes opened lower on Thursday (Jan 8), as investors turned cautious ahead of Friday’s crucial nonfarm payrolls report, while defence companies advanced after President...
Morgan Stanley boosts managing director ranks after dealmaking revival
Wall Street expects another strong year as equity markets hit record highs and interest rates decline [NEW YORK] Morgan Stanley elevated 184 employees to the managing director rank this...
DBS lays groundwork for significant risk transfers: sources
South-east Asia’s largest bank held preliminary talks with funds investing in SRTs[SINGAPORE] DBS Group Holdings is weighing a foray into the market for significant risk transfers (SRTs) as lenders...
Hang Seng Bank shareholders approve HSBC’s US$13.6 billion buyout proposal
Hong Kong’s high court will decide in a hearing on Jan 23 whether the take-private plan can be executed[HONG KONG] Hang Seng Bank shareholders on Thursday (Jan 8) approved...
Singapore stocks track regional decline; STI down 0.2%
Across the broader market, gainers trail losers 271 to 300, after 1.4 billion securities worth S$1.7 billion change hands[SINGAPORE] Singapore stocks ended lower on Thursday (Jan 8), amid a...
Uniqlo owner Fast Retailing reports jump in quarterly profit, raises annual forecast
It benefits from strong sales at home, and expansions in Europe and North America[TOKYO] The Japanese operator of the Uniqlo clothing brand, Fast Retailing, on Thursday (Jan 8) said...
Nvidia requires full upfront payment for H200 chips in China: sources
The US chipmaker imposes strict terms, demanding full payment with no cancellations, refunds or changes[BEIJING/SHANGHAI] Nvidia is requiring full upfront payment from Chinese customers seeking its H200 artificial intelligence...
First self-driving shuttle vehicles in Punggol to start serving public within three months
[SINGAPORE] The first self-driving shuttle route in Punggol will open to the public in two to three months, said Senior Minister of State for Transport Sun Xueling on Jan...
Grab, Chinese automaker GAC to deploy 20,000 EVs across South-east Asia
It will involve the introduction of three of the Chinese player’s models – Aion Y, Aion ES, and Aion V – across the region[SINGAPORE] Ride-hailing giant Grab and Chinese...
Young Singaporeans prefer human advisers over digital tools for insurance: survey
In addition, more than six in 10 prefer clear planning over spontaneity when it comes to financial planning, says Prudential[SINGAPORE] Young adults in Singapore continue to favour human advisers...
