News

Chinese clean-energy foreign investment surging, says think tank
CHINESE foreign investment in green power jumped to US$80 billion in the past year as Beijing leveraged its dominance in energy transition technologies, according to Climate Energy Finance (CEF).The...
Crypto exchange HashKey seeks up to US$215 million from Hong Kong IPO
[HONG KONG] HashKey Holdings, operator of Hong Kong’s largest licensed crypto exchange, is seeking to raise as much as HK$1.67 billion (S$279 million) through an initial public offering (IPO).The...
Stocks to watch: OCBC, Jardine Matheson, Mandarin Oriental, SingPost
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Dec 9): OCBC : The bank’s mezzanine capital unit announced on Monday that...
US to allow Nvidia H200 chip shipments to China, Trump says
[WASHINGTON] The United States will allow Nvidia’s H200 processors, its second-best artificial intelligence chips, to be exported to China and collect a 25 per cent fee on such sales,...
Almost half of China’s first time car buyers want an EV: survey
New-energy vehicles are on track to account for more than half of the country’s new-car sales this year for the first time [HONG KONG] More first-time car buyers in...
Trump eyes tariffs on cheap Canadian fertiliser, Indian rice
The US president is facing mounting pressure to address high consumer prices and persistent inflation[WASHINGTON] US President Donald Trump signalled he could impose fresh tariffs on agricultural products, including...
Oil falls 2% as Iraqi oilfield production restored, Ukraine talks continue
[HOUSTON] Oil prices slipped 2 per cent on Monday (Dec 8) after Iraq restored production at one of its oilfields which accounts for 0.5 per cent of world oil...
Moody’s downgrades Genting Bhd and two subsidiaries
Move reflects Malaysian giant’s “already-weak position” due to prolonged deleveraging amid slow earnings recovery, says ratings agency[SINGAPORE] Ratings agency Moody’s has on Monday (Dec 8) downgraded Genting Bhd and...
Private credit, core-plus infrastructure could offer ‘good risk-reward’ in 2026: Temasek CEO
[ABU DHABI] Private credit and core-plus infrastructure assets could put investors looking to diversify from equities in a “good risk-reward” position in 2026, said Dilhan Pillay, executive director and...
Indonesia fines dozens of palm oil, mining companies US$2.3 billion for operating in forest areas
The task force handed over 1.5 million hectares of plantations to state firm Agrinas Palma Nusantara[JAKARTA] An Indonesian government task force has ordered dozens of companies in palm oil...
Bank of England plans staffing cuts because of budget pressures
[LONDON] The Bank of England is planning to reduce head count as its finances become strained by the cost of the modernisations recommended by Ben Bernanke.The UK central bank...
Chinese court orders Malaysia Airlines to pay US$3.3m in compensation over missing MH370 plane
[BEIJING] A Beijing court has ordered Malaysia Airlines to pay some families of missing passengers onboard flight MH370 a total of US$3.28 million or more than US$410,240 per case...