Business
Vietnam to allow 49% foreign ownership of some banks
Foreign investors cannot hold more than 30% of shares in banks that have government ownership of above 50% Vietnam’s government is…
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Business
Business
Top Glove swings back into black with RM30.3 million Q2 profit
Top Glove returned back to the black with a net profit of RM30.3 million (S$9.1 million) for its second quarter of its financial year…
Business
Hong Kong caps IPO margin loans amid heated retail demand
The move is a response to a recent IPO market frenzy that triggered first-day share price pops and concerns about retail investors getting…
Business
Microsoft’s US$2.2 billion Malaysia investment solid amid US policy uncertainty
Microsoft’s US$2.2 billion investment in Malaysia remains firm, despite growing global uncertainties stemming from policy shifts by the…
Business
Nvidia to invest billions in US chip production over four years: FT
Huang says Nvidia can now manufacture its latest systems in the United States through suppliers such as Taiwanese chipmaking giants TSMC…
Business
Asian markets get ‘breather’ with US Fed’s rate cut pause
The US Federal Reserve’s decision to hold off on interest rate cuts gives Asian markets “a breather” and more room for certainty, said…
Business
ST Engineering on a tear; stock hits successive highs and is now more expensive than DBS and other leading blue chips
Analysts were bullish on ST Engineering, hiking their target prices for the counter as they cited a positive outlook and strong growth…
Business
Google launches US$499 Pixel 9a, rivalling Apple’s iPhone 16e
Alphabet’s Google launched a redesigned version of its budget Pixel phone, upgrading the chip and battery life weeks after Apple’s…
Business
China holds benchmark lending rates steady as expected
China held benchmark lending rates steady for the fifth straight month in March on Thursday (Mar 20), matching market expectations. Early…
Business
SoftBank Group to acquire Ampere Computing in US$6.5 billion AI-focused deal
The US chip startup makes data centre CPU chips based on a computing architecture from Arm Holdings that are used by firms such as Oracle…
Business
Ontario pension set to shut Hong Kong office in China retreat
Ontario Teachers’ Pension Plan is planning to shut down its Hong Kong office as it pares its exposure to China, according to sources…
Business
Gold climbs to record high as Fed signals two rate cuts in 2025
Gold soared to a record high on Thursday (Mar 20), as the US Federal Reserve hinted at a possible easing of interest rates by half a…
Business
Prudential eyes growth in India as it posts 2% decline in new business profit for FY2024
New business profit in Singapore is up 15%, underpinned by 11% increase in annual premium equivalent sales Prudential is betting on India…
Business
Stocks to watch: Sembcorp, Thomson Medical, Prudential, Trendlines, Ping An Insurance, Abundance International
The following companies saw new developments that may affect trading of its securities on Thursday (Mar 20). Sembcorp Industries: Units of…
Business
Global funds exiting South-east Asia as Indonesia sell-off hurts safe haven appeal
Once touted as a haven for investors to navigate Donald Trump’s tariff wars, South-east Asia has all but lost that appeal as a region-wide…
Business
HSBC’s revamp of key Asia division costs women senior roles
A global overhaul at HSBC Holdings has seen female executives in Asia lose out after the lender asked managers to reapply for senior roles…
Business
Nvidia CEO says company has not been asked to buy a stake in Intel
Nvidia CEO Jensen Huang said on Wednesday (Mar 19) that his company had not been approached about purchasing a stake in Intel. During a…
Business
Ripple Labs says US SEC ends appeal over crypto oversight
Since US President Donald Trump began his second White House term in January, the SEC has retreated on crypto oversight Ripple Labs said…
Business
Semiconductor firms call for EU Chips Act 2.0
Computer chip makers and semiconductor supply chain firms called on the European Commission to launch a follow up to the 2023 Chips Act on…
Business
Nike’s chief strategy, communications officers exit in shakeup
Nike’s top strategy and communications executives are leaving the company, adding to the list of senior leadership changes under chief…
Business
Oil rises on US fuel demand, Fed rate decision caps gains
Oil prices edged up on Wednesday (Mar 19) after US government data showed a draw in fuel inventories, but the Federal Reserve’s decision…
Business
Europe: Shares extend gains to fourth session; all eyes on US Fed decision
European shares closed slightly higher on Wednesday (Mar 19), after logging gains in the previous session when Germany inched closer to…
Business
US: Stocks rise, Treasury yields tumble after Fed decision
Wall Street stocks rose on Wednesday (Mar 19) after the US Federal Reserve kept interest rates unchanged but pointed to increased economic…
Business
US Fed holds rates again, flags increased economic uncertainty
The US Federal Reserve paused interest rate cuts again on Wednesday (Mar 19) and noted an increase in economic uncertainty, as it…