News
Amazon places bid on TikTok as deadline looms
Amazon reportedly has made a bid to buy TikTok, the popular video app that is in danger of being banned in the U.S. if it can’t reach a deal...
Dollar dips as Trump tariff plan keeps traders on edge
[SINGAPORE] The dollar slipped and other currencies held in tight ranges on Wednesday (Apr 2) as traders awaited details of US President Donald Trump’s plans for tariffs, which could...
One Raffles Quay inks S$1.13 billion sustainability-linked loan from DBS, other banks
The office complex will work towards meeting targets such as reducing energy and water usage by 20-29%[SINGAPORE] Office complex One Raffles Quay has obtained a five-year, S$1.13 billion sustainability-linked...
OCBC to finance £10 billion in UK investments by 2030 under new partnership
[SINGAPORE] OCBC plans to deploy £10 billion (S$17.4 billion) in financing over the next six years to support foreign direct investment into the United Kingdom, the bank said on...
Volvo Cars sales fall 10% in March as fully electric sales dive
[STOCKHOLM] Volvo Cars sold 70,737 cars in March, down 10 per cent from a year earlier as sales of fully electric cars tumbled, the Sweden-based company said on Wednesday...
Maybank initiates coverage on Centurion with ‘buy’ call with construction boom in Singapore expected
[SINGAPORE] Maybank on Friday (Mar 28) initiated coverage of Centurion with a “buy” call, on optimism over the tighter supply of worker dormitory beds in Singapore and strong construction...
SAC Capital lifts Soilbuild target price on strong order book, maintains its ‘buy’ call
[SINGAPORE] SAC Capital hiked Soilbuild Construction’s target price to S$1.10 and maintained its “buy” call. The target price represents an upside of 37.5 per cent from the counter’s last...
PBOC seen deploying stimulus soon on tariff risks, cash shortage
[NEW YORK] Global lenders such as JPMorgan Chase expect China to deliver its long-awaited monetary stimulus as early as in April, with timing likely dictated by the double threat...
Walmart keeps price pressure on suppliers after Beijing pushback
[NEW YORK] Walmart is continuing to push Chinese suppliers to cut prices to offset US President Donald Trump’s tariffs, even after Beijing officials summoned the US retailer’s executives last...
LTA issues Grab taxi operator licence in Singapore
GrabCab receives street-hail service operator licence valid for 10 years from Apr 9, is sixth such operator here[SINGAPORE] The Land Transport Authority (LTA) has issued a street-hail service operator...
Panin Bank a good fit for DBS’ Indonesia operations; Singapore bank’s surplus capital can fund potential acquisition
[SINGAPORE] A potential acquisition of Indonesia’s Panin Bank could benefit from DBS’ strong track record of turning around unprofitable targets, and is a good place for South-east Asia’s biggest...
