News
China’s ICBC to open vault boosting Hong Kong’s gold ambitions
[BEIJING] China’s largest state-owned bank plans to open a precious metals depository at Hong Kong International Airport, offering a boost to both the lender’s trading operations and the city’s...
Bank of America’s Asia-Pacific president sees a silver lining in US dollar volatility
Investments in South-east Asia to flow to digital infrastructure, data centres, healthcare, says BOA’s Jin Su[SINGAPORE] The US dollar has lost significant value in 2025 amid tariff uncertainty, rising...
China’s US$470 billion oil and gas splurge is just the start
The Asian nation still consumes far more than it produces, and that is unlikely to change any time soon[BEIJING] Some 20 kilometres out from the port of Tianjin, in...
Indonesian bonds hit by foreign fund outflows on policy woes
[JAKARTA] Foreign investors sold Indonesian government bonds again last month, underscoring concerns over the government’s plans to increase spending and raise the deficit limit.Overseas funds sold a net US$1.8...
Yangzijiang Shipbuilding tumbles 5% after BlackRock sells 37.8 million shares
[SINGAPORE] Shares of Yangzijiang Shipbuilding fell as much as 5 per cent on Wednesday (Nov 5) after asset manager BlackRock ceased to be a substantial shareholder.BlackRock sold about 37.8...
Manulife US Reit portfolio occupancy falls to 68.2% in Q3
Some 81,000 sq ft of leases have been executed in Q3, making up 2.3% of the portfolio’s net lettable area[SINGAPORE] The manager of Manulife US Reit on Wednesday (Nov...
‘All the signs are positive’: Manulife US Reit manager sees improved outlook on US office recovery
Some 81,000 sq ft of leases have been executed in the quarter, making up 2.3% of the portfolio’s net lettable area[SINGAPORE] The manager of Manulife US Real Estate Investment...
Seizing opportunities in Asean
Chinese companies eyeing expansion in the region will need to have deep local understanding, adaptable strategies and trusted financial partnersASEAN is emerging as one of the most important destinations...
AMD’s outlook fails to wow investors after AI-fuelled rally
Investors have bet heavily on the company following blockbuster agreements with OpenAI and Oracle[SAN FRANCISCO] Advanced Micro Devices (AMD), the main contender to Nvidia in the artificial intelligence (AI)...
Government shutdown could close some US airspace, airline stocks fall
The last time the US fully closed its airspace for domestic air traffic was on Sep 11, 2001, in response to terrorist attacks[WASHINGTON] US Transportation Secretary Sean Duffy warned...
Europe: Stoxx 600 hits two-week lows on global risk-off mood, mixed earnings
EUROPEAN shares fell on Tuesday to their lowest point in more than two weeks, echoing a broader risk-off mood across global markets, as investors gauged a mixed bag of earnings...
Looking to the future as AI, quantum computing and tokenisation transform financial services
Tokenisation needs further development such as interoperable compliance-enabled infrastructure that can support deployment at scaleTHE first Singapore Fintech Festival (SFF) was launched in 2016 to support the country’s goal...