Culture
Veteran banker sees Malaysia’s BNM keeping rates unchanged
[KUALA LUMPUR] A veteran banker who led a Malaysian lender to record profit says that the South-east Asian country can hold off on further cutting borrowing costs as current...
LHN extends rally, jumps 8.6% to record S$1.01 on SGX approval of proposed Coliwoo listing
[SINGAPORE] Shares of LHN advanced for a second day straight on Thursday (Sep 11) morning after its proposed spin-off of its co-living business received approval. It had ended Wednesday...
BlackRock gets US$10 billion financing for Aramco deal: sources
The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market[RIYADH] A group led by BlackRock’s Global Infrastructure Partners (GIP) unit...
US: S&P 500, Nasdaq hit record highs on boosted rate-cut bets
[NEW YORK] The S&P 500 and the Nasdaq hit intraday record highs at the open on Wednesday (Sep 10), after cooler-than-expected producer inflation data boosted bets on interest-rate cuts...
Centurion wins shareholder support for Reit listing plan
The Reit will accelerate the group’s growth and support sustainable capital recycling, says chief executive Kong Chee Min[SINGAPORE] Mainboard-listed Centurion Corp won overwhelming support at an extraordinary general meeting...
Alibaba mapping app steps into local business rankings, intensifying competition
[SHANGHAI] Alibaba’s mapping app Amap is moving away from its traditional focus on navigation and encroaching into rival Meituan’s local-lifestyle territory by launching its own ranking of restaurants, hotels...
China’s green tech firms pour billions into overseas factories
Industry giants, including Contemporary Amperex Technology, BYD and Trina Solar, have announced billions on overseas factories in more than 50 countries[HONG KONG] China’s world-leading solar, battery and electric vehicle...
US: Wall St opens slightly higher in run-up to employment revision figures
[NEW YORK] Wall Street indexes opened slightly higher on Tuesday (Sep 9), a day after closing near record peaks, as investors remained cautious ahead of an impending employment rate...
Anglo American agrees to buy Teck in deal reshaping mining
[TORONTO] Anglo American has agreed to acquire Canada’s Teck Resources, creating a more than US$50 billion company in one of the biggest mining deals in over a decade.Anglo will...
Chinese property stocks jump on policy, lending boost
Top gainers included Country Garden and Shimao Group Holdings, whose shares rose more than 30%[HONG KONG] Chinese property shares surged in Hong Kong, led by Country Garden Holdings as...
