News
SGX securities trading volume surges 50.8% in September on stronger equities demand
[SINGAPORE] The Singapore Exchange (SGX) reported a 50.8 per cent year-on-year rise in its securities turnover volume, as demand for local equities maintained its momentum on the local bourse....
Tesla’s cheaper Model Y and 3 face uphill battle in Europe
The company hopes the cheaper cars will revive sales after global deliveries fell in 2024 for the first time[GDANSK] Tesla’s lower-priced versions of its staple Model Y SUV and...
Nestle bows out of initiative to reduce dairy’s climate impact
[DUBAI] Less than two years ago, a group of the world’s biggest food companies, including Nestle, Danone and Kraft Heinz, announced a major alliance to cut methane emissions from...
Industrial property developer Soon Hock Enterprise to offer 21.6 million shares at S$0.58 apiece in mainboard listing
The company expects to raise net proceeds of about S$34.6 million, part of which will be used for land-site and building acquisitions [SINGAPORE] Industrial property developer Soon Hock Enterprise...
Australia’s central bank swings to A$11 billion profit, again skips paying dividend to government
[SYDNEY] Australia’s central bank swung to an accounting profit last financial year on lower bond yields and a depreciating currency, though it remained in negative equity and did not...
SoftBank to buy ABB’s robotics arm in US$5.4 billion deal
[TOKYO] SoftBank Group has agreed to acquire ABB’s industrial robots unit at an enterprise value of almost US$5.4 billion, reflecting the Japanese investment firm’s interest in the burgeoning field.The...
Gold is booming. From mega vaults to discreet transport, who are the key players in Singapore?
[SINGAPORE] Gold surged into uncharted territory on Wednesday (Oct 8), opening above US$4,000 an ounce for the first time, in a year that has seen it consistently set new...
Indian garment exporters reel under US tariffs
Trump’s anger at the Asian country’s purchases of Russian oil has left New Delhi facing some of the world’s steepest levies[TIRUPPUR, India] When Donald Trump was elected, Indian garment...
Singapore dollar surges against the Japanese yen to its strongest level in more than a year
[SINGAPORE] The Singapore dollar strengthened to its strongest level against the Japanese yen in more than a year on Wednesday (Oct 8) morning.The latest move marks the rapid weakening...
Gold zooms past US$4,000 for first time in historic flight to safety
[BENGALURU] Gold raced past US$4,000 an ounce for the first time on Wednesday (Oct 8) as investors piled into a historic rally in the safe haven to hedge against...
