News
PBOC’s policy flip-flop sows confusion over timing of rate cuts
AT A rare press briefing back in September, China’s central bank chief Pan Gongsheng unveiled a stimulus blitz that spurred optimism for one of the biggest policy shifts in...
Gold steady near record highs amid tariff concerns, inflation data awaited
GOLD prices steadied near an all-time high on Monday (Feb 24), supported by concerns over US President Donald Trump’s tariff plans, while the focus shifted to a key US...
Olam to sell remaining stake in Olam Agri for US$2.6 billion, focuses on IPO of business unit ofi
OLAM is divesting its remaining stake in Olam Agri to Saudi Agricultural and Livestock Investment Company (Salic) for US$2.6 billion. While the board has yet decided on the specific...
Stocks to watch: Olam, Raffles Medical, Sats, UOB, CapitaLand India Trust, Venture
THE following companies saw new developments that may affect trading of their securities on Monday (Feb 24):Olam: The group on Monday announced that it will sell its remaining 64.57...
Gold market ructions drive Singapore exports to the US
GOLD shipments from Singapore to the US climbed to the highest level in almost three years in January, a further sign of the ructions in bullion trading after pricing...
Raffles Medical jumps 6.7% on 100 million share buyback plan; posts 4.3% rise in H2 profit to S$31.6 million
PRIVATE healthcare provider Raffles Medical Group posted a 4.3 per cent rise in net profit to S$31.6 million for its second half ended Dec 31, 2024, from S$30.3 million...
Trump’s main target in metals tariffs is China, ex-trade adviser says
US PRESIDENT Donald Trump’s tariffs on aluminium and steel are motivated mostly by concerns that China is flooding the global market and harming US manufacturing, said a former trade...
Qatar signs deal with Scale AI to use AI to boost government services
Scale AI will develop more than 50 possible uses of AI for Qatar’s government over the next five yearsQATAR’S government has signed a five-year deal with artificial intelligence (AI)...
Nasdaq soars to new heights: What investors should know
ON FEB 19, both the S&P 500 and Nasdaq-100 achieved record highs, climbing by 0.2 per cent and 0.1 per cent, respectively. Their upward movements occurred as investors assessed...
Malaysia expects its palm exports to China to be ‘resilient’ amid price pressure
MALAYSIA-PALM/CHINA:Malaysia expects its palm exports to China to be 'resilient' amid price pressureMalaysian palm oil exports to China will “remain resilient” this year despite their premium over rival oils...
Shein’s annual profit down by more than a third: report
Online fast-fashion retailer Shein’s profit dropped by more than a third last year, adding to its challenges ahead of a planned listing on the London Stock Exchange, the Financial...
European tech sector sees unexpected rebound on AI windfall
European technology giants are exceeding expectations this quarter, joining financial and healthcare companies as one of the reporting season’s best-performing segments. Buoyed by artificial intelligence (AI) demand, the technology sub-sector...