Business
China’s new rules to add one trillion yuan into market: analysts
ANALYSTS see China’s latest initiatives injecting at least one trillion yuan (S$186 billion) of additional flows in 2025 into its ailing…
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Business
Business
Analysts upgrade Frasers Centrepoint Trust to ‘buy’, citing its high retail portfolio occupancy
ANALYSTS have upgraded Frasers Centrepoint Trust (FCT) to a “buy” rating, citing its high retail portfolio occupancy and ongoing asset…
Business
Japan Raises Interest Rates to Highest Level Since 2008
In a number of ways, Japan’s economy seems to have gone back in time. Inflation and wage growth are mostly back where they were in the…
Business
LNG firm Venture Global gets US$1.75 billion in year’s biggest IPO
VENTURE Global raised US$1.75 billion in its initial public offering (IPO), pricing its shares in the middle of a marketed range. The…
Business
Hong Kong’s CKI is said to weigh sale of UK’s £4 billion Eversholt Rail
CK INFRASTRUCTURE Holdings is evaluating options for Eversholt Rail, including a possible sale that may value the British rolling stock…
Business
Singapore shares rise at Friday’s open, STI up 0.2%
SINGAPORE shares started trading in positive territory on Friday (Jan 24), tracking a rise in other global markets. As at 9.01 am, the…
Business
Stocks to watch: Mapletree Pan Asia Commercial Trust, Keppel DC Reit, Suntec Reit, ESR-Reit
THE following companies saw new developments that may affect trading of their securities on Friday (Jan 24): Mapletree Pan Asia Commercial…
Business
Crypto’s richest man CZ turns venture capital firm into giant family office
ZHAO Changpeng “CZ”, a few months out of prison and worth US$70 billion thanks to the relentless crypto rally, is turning the former…
Business
ESR Reit posts 15.9% fall in H2 DPU to S$0.00997
THE manager of ESR Real Estate Investment Trust (ESR Reit) posted a distribution per unit (DPU) of S$0.00997 for its second half (H2)…
Business
No major impact from Johor data centres, US export ban: Keppel DC Reit manager
NEW data centres in Johor, Malaysia, and the US chip export ban are unlikely to have a big impact on Keppel DC Reit, said the manager on…
Business
Billionaire McCourt says he is open to teaming up on a TikTok bid
US BUSINESSMAN Frank McCourt is open to teaming up with other buyers on a bid to take over the US operations of TikTok as long as he can…
Business
Mitsubishi Motors considering not joining Nissan-Honda merger, Yomiuri says
MITSUBISHI Motors, a junior partner of Nissan Motor, is considering not joining a planned business merger between Nissan and Honda Motor,…
Business
Disney raises Bob Iger’s pay by 30%, reflecting turnaround in profit
WALT Disney boosted chief executive officer Bob Iger’s total pay by 30 per cent in fiscal 2024, underscoring his turnaround of the media…
Business
JPMorgan boosts Jamie Dimon’s pay to US$39 million after record profit
JPMORGAN Chase lifted chief executive officer Jamie Dimon’s pay to US$39 million for 2024, a year in which the biggest US bank beat its…
Business
Tiktok weighs non-sale options, ByteDance’s Bill Ford says
BYTEDANCE is exploring a deal to keep TikTok running in the US without selling its operations there, according to board member Bill Ford.…
Business
Texas Instruments forecast signals chip slump is persisting
TEXAS Instruments gave a disappointing earnings forecast for the current period, a sign it’s contending with still-sluggish chip demand…
Business
Boeing forecasts big loss on defence troubles, strike; shares drop 2.5%
BOEING’S loss will exceed expectations when it unveils fourth-quarter results next week, the financially strapped US planemaker said on…
Business
S&P 500 Hits Record High Amid Strong Earnings and Easing Inflation Concerns
The S&P 500 clambered back to a record high on Thursday, inching above a peak reached in early December, after a rally that began with…
Business
OpenAI Unveils New Agent Tool ‘Operator’
Two years ago, OpenAI launched the chatbot craze with the release of ChatGPT. Now it hopes to spark interest in a new wave of A.I.…
Business
South Africa’s wine export revenues rise in 2024 amid flat volumes
South Africa has reported a rise in wine export revenues in 2024 amid improved "packaged" wine volumes. When measured in rands, the value…
Business
Number of unemployed claimants hits 1.9m, most since Nov 2021
The number of Americans collecting unemployment benefits rose to 1.9 million last week, the highest level since November 2021, according…
Business
Sacklers Up Their Offer to Settle Purdue Opioids Cases, With a New Condition
Seven months after the Supreme Court struck down a deal that would have resolved thousands of opioid cases against Purdue Pharma, the…
Business
Fast Company Discusses Data Storage Solutions
The artificial intelligence revolution faces a critical bottleneck that few are discussing – data storage infrastructure. While headlines…
Business
Cartier appeal helps Richemont reach 100 billion Swiss francs market value
SWISS luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs (S$149.2 billion) for the first time,…