News
ECB reviews claims Deutsche Bank downplayed financial risks
It underplayed risks in its balance sheet and gave misleading picture of its financial health[BRUSSELS] The European Central Bank is examining claims that Deutsche Bank underplayed risks in its...
Xiaomi founder Lei Jun’s HK$100 million share purchase sparks stock rebound
[HONG KONG] Xiaomi founder Lei Jun’s purchase of about HK$100 million (S$16.8 million) worth of company stock may help bolster sentiment in the smartphone maker after shares tumbled more...
Sri Trang Gloves’ production facilities in flood-hit areas in Thailand temporarily suspended
The dual-listed group says it is working to ensure that operations continue with minimal business impact[SINGAPORE] Sri Trang Gloves said on Tuesday (Nov 25) that its manufacturing facilities in...
OCBC’s Lion Global Investors launches Singapore’s first insured physical gold fund
It seeks to track the performance of London Bullion Market Association Gold Price AM [SINGAPORE] OCBC’s Lion Global Investors announced on Tuesday (Nov 25) the launch of the first...
CDL to sell Osaka hotel for 14 billion yen to Blackstone funds
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts [SINGAPORE] City Developments Limited (CDL) is proposing to divest a hotel in Osaka, Japan,...
Philippines mulls rate cut to spur demand after scandal hit
[MANILA] The Philippine central bank will consider another reduction in the benchmark interest rate next month to help spur demand, its top official said, after the economy was hit...
WeRide trims losses as China’s robotaxi race gains momentum
The company currently holds autonomous driving permits in eight countries, the most out of all robotaxi players in the region[HONG KONG] WeRide narrowed its third-quarter net loss on increased...
Syngenta is said to mull Hong Kong IPO after Shanghai pulled
A big chunk of the offerings come from Chinese companies pursuing a second listing in the city to help support their overseas expansion[HONG KONG] Syngenta Group is considering an...
Citigroup India nears US$1 billion book of asset backed securities
[MUMBAI] Citigroup’s India unit has more than doubled its asset-backed securities book to nearly US$1 billion in the last two years, ahead of schedule for a goal it set...
Stocks to watch: Keppel, CapitaLand Investment, CDL Hospitality Trusts, UOB, Wee Hur
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Nov 25): Keppel : It has inked a deal with JTC to embark...
