News
Chinese banks edge out global rivals in financing Boyu Capital’s Starbucks China deal: sources
Ping An Bank, Industrial Bank, and China Minsheng Banking are set to arrange a seven-year syndicated loan of about US$1.4 billion[SHANGHAI] Chinese lenders are nearing a deal to help...
Singtel jumps 5.1% to all-time high on talks to buy local data-centre firm
The telco and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion[SINGAPORE] Shares...
Singtel rises 5.4% to all-time high amid talks of US$3.9 billion data-centre deal
The telco and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion[SINGAPORE] Shares...
Endowus to offer Avanda’s Singapore equity strategy on its platform
The approach focuses on small and mid-cap opportunities, supporting MAS’ funding initiative[SINGAPORE] Singapore-based wealth adviser Endowus will offer institutional investors and accredited investors access to fund manager Avanda Investment...
Commerzbank Q3 profit unexpectedly falls 8% as higher tax rates, costs weigh
[FRANKFURT] Germany’s Commerzbank, fending off a possible takeover by Italy’s UniCredit, reported an unexpected 7.9 per cent drop in third-quarter net profit on Thursday (Nov 6) as higher tax...
Latest Singapore six-month T-bill cut-off yield slides to 1.37%
Figure is down from the 1.41% offered from the last auction that closed on Oct 23[SINGAPORE] The cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) fell to 1.37...
DBS banks on deposit growth to keep income stable in 2026 as interest rates fall
CEO Tan Su Shan sees opportunities within the equities capital markets and debt capital markets, as corporates return to these markets amid lower rates[SINGAPORE] DBS expects its total income...
Engine fell off UPS cargo plane before deadly crash: official
THE death toll from a cargo plane crash in the southern US state of Kentucky rose to 12 on Wednesday, with investigators saying the accident was caused by one...
Asia: Markets bounce from selloff as US jobs beat forecasts
ASIAN markets rose on Thursday to claw back some of the previous day’s hefty losses as investors tracked a bounce on Wall Street sparked by jobs data that soothed...
Gold edges lower as US jobs data dents rate-cut expectations
Bullion hit a record high of US$4,381.21 on Oct 20, but it has fallen close to 10% since[BENGALURU] Gold dipped on Thursday (Nov 6) after stronger-than-expected private US payrolls...
Coliwoo closes at S$0.585 on first trading day, 2.5% below IPO price
[SINGAPORE] Co-living business Coliwoo opened at S$0.615 on its listing debut on Thursday (Nov 6) on the Singapore Exchange, about 2.5 per cent above its initial public offering (IPO)...
Snap tops revenue estimate and unveils US$400 million deal with Perplexity AI, shares jump
SNAP beat third-quarter revenue estimate on Wednesday and said it has partnered with Perplexity AI to integrate its artificial intelligence-powered search engine into Snapchat, sending the social media firm’s shares up...