Culture
Office property meltdown is starting to surface at US banks
SLUMPING office property values are rippling through US banks, with smaller lenders in particular ramping up the use of loan modifications in their commercial real estate books.
The typical bank...
US dollar set for best week in a month on cautious Fed outlook for 2025
The US dollar headed for its best weekly performance in a month on Friday (Dec 13), as investors priced in the possibility of the Federal Reserve cutting rates more...
US foreign investment panel split on Nippon-US Steel deal: FT
THE US Treasury has informed Japan’s Nippon Steel that the panel reviewing its proposed US$14.9 billion purchase of US Steel has not yet come to an agreement on how...
Tuan Sing CEO and director add to stakes
Over the five trading sessions from Dec 6 to 12, institutions were net sellers of Singapore stocks, leading to a net institutional outflow of S$104 million, reversing a quarter...
US court rejects Tiktok request to temporarily halt pending US ban
A US appeals court on Friday (Dec 13) rejected an emergency bid by TikTok to temporarily block a law that would require its Chinese parent company ByteDance to divest...
Allianz scraps proposed acquisition of Singapore’s Income Insurance: source
Allianz has scrapped a proposed US$1.5 billion euro (S$2.1 billion) acquisition of a 51 per cent stake in Singaporean firm Income Insurance because of public opposition to the deal,...
Oil up 2%, settles at 3-week high as more sanctions loom on Russia, Iran
Oil prices climbed about 2 per cent on Friday (Dec 13) to settle at a three-week high, on expectations that additional sanctions on Russia and Iran could tighten supplies...
NRIC should not be treated as sensitive unique identifiers: MDDI
NATIONAL Registration Identity Card (NRIC) numbers should not be treated as sensitive, and instead be viewed as full names currently are, a Ministry of Digital Development and Information spokesperson...
Currencies drop as China disappointment rattles emerging markets
EMERGING-market currencies in Asia and the South African rand retreated as China’s policy makers appeared to disappoint investors expecting fiscal measures to boost the economic outlook.
The EM currency...
Stamford Tyres H1 profit tumbles 75% to S$401,000 on increased expenses
Revenue falls 1.2 per cent to S$94.5 million but other expenses shoot up 80.3 per cent to S$2.9 million TYRE and wheel distributor Stamford Tyres reported a 75.1 per cent...
