News
Butter, milk and cheese prices slide as ‘stunning’ production floods global markets
[WELLINGTON] Butter, milk and cheese prices are falling as a surge in global milk production floods the market, prompting warnings of a looming period of weak prices.“Too much milk...
Hong Kong IPO boom obscures sharp drop in underwriter fee rates
The booming overall pipeline means banks may be less inclined to cut fees to win business[HONG KONG] Investment banks are on track to take home their smallest slice of...
Stocks to watch: Keppel, Keppel Reit, CLI, MPACT, Ultragreen.ai, Ossia
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Dec 11): Source link
Indonesia to levy gold export duties from Dec 23
The taxes will rise to between 10% and 15% once the reference price reaches US$3,200 per troy ounce[JAKARTA] Indonesia will impose duties on exports of gold products from Dec...
Intel pursued deals that boosted CEO Tan Lip-Bu’s fortune: sources
Some chip-industry analysts have said in research notes that they welcomed Tan’s industry relationships.[SAN FRANCISCO] When the chairman of artificial intelligence (AI) chip startup Rivos wanted Intel to bid...
Oracle posts weak cloud sales, raising fear of delayed payoff
The company has taken out significant sums of debt and committed to leasing multiple data centre sites[NEW YORK] Oracle posted disappointing cloud revenue, suggesting it will take longer than...
Temu’s Europe HQ raided as part of EU foreign-subsidy probe
[BRUSSELS] Temu’s European headquarters in Dublin have been hit by raids by European Union competition watchdogs, amid suspicions the Chinese e-commerce giant may have received unfair subsidies from Beijing....
European shares flat ahead of Fed decision; investors assess mixed corporate updates
EUROPEAN shares ended flat on Wednesday, as investors adopted a cautious stance ahead of the US Federal Reserve’s interest rate decision, while also parsing a slate of corporate announcements.The pan-European Stoxx...
Wall Street subdued at open ahead of Fed interest rate verdict
[NEW YORK] Wall Street’s main stock indexes opened little changed on Wednesday (Dec 10), ahead of a Federal Reserve monetary policy decision that is widely expected to deliver an...
Temasek, top funds bid in Swiggy’s US$1.1 billion share sale
The fundraising underscores the Indian e-commerce market’s rapid expansion amid surging demand[MUMBAI] Global investors, including Temasek Holdings and Capital Group, are offering to buy shares in Swiggy, according to...
