Culture
Hong Kong’s US$38 billion year for M&A sparks rare bidding wars
THIS year is poised to be the busiest in nearly a decade for takeover deals involving a range of Hong Kong-listed companies, from skin-care brands to warehouse operators. Allied...
Bitcoin lifted above US$100,000 on firming expectations of Fed cut
BITCOIN renewed a climb past US$100,000 after the latest US inflation data bolstered bets on another Federal Reserve interest-rate cut.The digital asset rose nearly 5 per cent on Wednesday...
UOBKH initiates ‘buy’ call on Oiltek with S$1.22 target price on strong order book
UOB Kay Hian (UOBKH) has initiated a “buy” call on vegetable and edible oil engineering process company Oiltek, with a target price of S$1.22. Oiltek is trading at 15...
Singapore stocks open lower on Thursday; STI down 0.1%
SINGAPORE shares opened lower on Thursday (Dec 12), following declines in the key banking counters after mild inflation data fueled expectations of a US interest cut this month.As at...
Insurer Income sets up new financial advisory unit and is ‘actively recruiting’: sources
HOME-GROWN insurer Income Insurance is taking a stab at a new business model as it looks at ways to grow its topline by expanding its distribution abilities, The Straits...
Blackstone keen to boost Nippon Life ties after Resolution deal
BLACKSTONE signalled that it’s eager to strengthen its relationship with Nippon Life Insurance following the Japanese firm’s US$8.2 billion purchase of Resolution Life Group Holdings. Nippon announced on Wednesday...
ServiceNow restructures RiseUp workforce training programme, cuts staff
SERVICENOW is restructuring its user training programme RiseUp amid low job placement rates and a corporate backlash to diversity-focused initiatives.Over the last year, multiple workers have been let go...
Hershey’s main owner rejects Mondelez’s offer as too low
THE main owner of US chocolate maker Hershey has rejected a preliminary takeover offer from Mondelez International, sources familiar with the matter said, potentially ending a fresh pursuit that...
Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending
PHOTOSHOP maker Adobe forecast fiscal 2025 revenue below Wall Street estimates on Wednesday (Dec 11), indicating the company’s investments to weave artificial intelligence (AI) into its software applications were...
Volatility could roil base metal markets in 2025; analysts favour copper, tin amid energy transition
Potential headwinds include stronger US dollar, escalating trade tensions and China’s economic momentumBASE metal prices have been lifted this year by robust market fundamentals and a rise in green...
