News
CGSI downgrades Delfi, cuts target price as high cocoa prices sour sentiment
[SINGAPORE] CGS International (CGSI) has downgraded its recommendation on chocolate confectioner Delfi to “hold”, from “add” previously, and slashed its target price by more than 19 per cent to...
Latest Singapore six-month T-bill cut-off yield slides to 2.2%
The auction received S$18.1 billion in applications for the S$7.5 billion on offer[SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) fell to 2.2 per cent, according...
Goldman Sachs combines Asia investment banking units, names Drayton APAC head
Published Thu, May 22, 2025 · 01:23 PM[HONG KONG] Goldman Sachs is bringing together previously separately-managed three Asian investment banking businesses into one unit to integrate its regional deals advice and...
US accepts Qatar luxury jet as Trump’s new Air Force One
[WASHINGTON] The Defense Department formally accepted a luxury Boeing 747-8 jumbo jet from Qatar to temporarily serve as the new Air Force One for US President Donald Trump, one...
JPMorgan is long-term in China despite pressure, Dimon says
[SHANGHAI] JPMorgan Chase chief executive officer Jamie Dimon said his firm is committed to long-term investments in China, despite tension between the governments of the world’s two biggest economies....
Private credit funds target billions in retail demand from Asia
[SINGAPORE] From Singapore to Japan and Australia, fund managers in Asia are looking to unlock billions of US dollars for private credit from the last untapped pocket: retail investors.Private...
Bank of Japan policymaker rules out intervention to stem bond yield spike
[TOKYO] Bank of Japan board member Asahi Noguchi said on Thursday (May 22) he saw no need for the central bank to intervene in the bond market to stem...
Ringgit may gain most in South-east Asia on exporter conversion
[HONG KONG] Malaysia’s ringgit stands to gain the most among its South-east Asian peers if the nation’s exporters convert their overseas earnings to the local currency, thanks to the...
Singtel initiates its first share buyback programme of up to S$2 billion; incorporates cloud business
The buyback will be delivered over the course of three years until financial year 2028 and involves the purchase of shares in the open market that will subsequently be...
Stocks to watch: Singtel, CapitaLand Ascott Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 22).
Singtel: The telco giant returned to the black with a net profit...
