News
Grab rides to cost S$0.30 more from Jan 1 with platform fee hike
[SINGAPORE] Singapore’s largest ride-hailing firm Grab will be increasing its platform fee by S$0.30 come Jan 1, 2026.Passengers will then pay S$1.20, up from the current S$0.90, the firm...
Sanofi to buy Dynavax for US$2.2 billion to add shingles vaccine
[PARIS] Sanofi agreed to buy Dynavax Technologies for about US$2.2 billion to expand its vaccines business with a shot for hepatitis B and an experimental shingles inoculation.Sanofi will pay...
Nam Cheong sells vessel for US$20.5 million to Vietnam firm
The sale is expected to contribute positively to the group’s earnings for the financial year ending 2025[SINGAPORE] Malaysian offshore support vessel builder Nam Cheong will sell a 4,000 deadweight...
Japan’s Eneos leads bids for Chevron’s Singapore oil refinery stake
[SINGAPORE] Japan’s Eneos Holdings is ahead of rival bidders for US heavyweight Chevron’s stake in a Singapore oil refinery, according to people familiar with the matter.Other suitors for the...
Singapore shares slip before Christmas break; STI down 0.1%
Meanwhile, the iEdge Singapore Next 50 Index rises 0.1% or 1.61 points to 1,448.61[SINGAPORE] Singapore shares ended slightly lower on Wednesday (Dec 24) before investors took a break for...
Australian dollar climbs to highest since Oct 2024 on RBA bets
[CANBERRA] The Australian dollar climbed to its strongest in more than a year after traders ratchet expectations the Reserve Bank will quickly shift to raising interest rates early next...
Hongkong Land should do a Reit not a private fund with its prime Singapore office assets
Hongkong Land Holdings is pressing ahead with growth in fund management. The 136-year-old property group said recently that it has made significant advancements towards launching its first private real...
Stocks to watch: Manulife US Reit, Nam Cheong
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Dec 24): Manulife US Real Estate Investment Trust (Manulife US Reit): The Reit...
Oil up as market weighs strong US economic growth, supply risks
[NEW YORK] Oil prices settled higher on Tuesday as investors assessed stronger-than-expected US economic growth and the risk of disruptions to oil supply from Venezuela and Russia.Brent crude futures settled 31 cents, or...
US stocks: S&P registers record close as growth stocks advance
[NEW YORK] US stocks rose on Tuesday and the S&P 500 notched a closing record after a flurry of economic data that included a reading of economic growth pushed bond yields...
