Culture
US: Wall Street opens higher as Fed meeting week begins; Tesla climbs
[NEW YORK] Wall Street indexes opened slightly higher on Monday (Sep 15), setting the stage for a week dominated by the Federal Reserve’s policy meeting, while Tesla shares gained...
STI edges down 0.1% on Monday, bucking regional trend
Across the broader market, advancers outnumber decliners 319 to 240 after 1.7 billion shares worth S$1.4 billion change hands[SINGAPORE] The Straits Times Index (STI) inched lower on Monday (Aug...
MAS needs to boost retail share of IPO listings
It would be fairer to retail investors and add to market liquidity given the larger pool of shareholdersI REFER to the commentary “It’s sink or swim time for local...
Jardine C&C subsidiaries to acquire Indonesian gold mining company for US$540 million
Two of its subsidiaries have agreed to acquire Indonesia-incorporated gold mining company Arafura Surya Alam[SINGAPORE] Jardine Cycle & Carriage on Monday (Sep 15) announced that two of its indirect...
Yuan’s gradual advance may offer boost to emerging currencies
CHINA’S new-found tolerance for steady yuan appreciation looks set to re-accelerate a rally in emerging-market (EM) currencies, as investors brace themselves for lower US interest rates.Supporting such expectations is...
Peak number of private equity firms seen running zombie risk
A RECORD number of private equity firms will turn into so-called zombie funds this year, as they struggle to reel in new investor cash, according to Ian Charles, co-founder...
SingPost launches new retail postal service to US in response to import rule changes
The service offers two flat-rate packaging options, with upfront calculation of duties and taxes[SINGAPORE] Singapore Post (SingPost) will from Monday (Sep 15) launch a new postal service to the...
Hedge funds slash bullish oil bets to lowest ever amid Opec hike
[NEW YORK] Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production compounded already-gloomy forecasts that...
Busiest IPO week since 2021 mints US$4 billion for 6 newcomers
[NEW YORK] The initial public offering (IPO) market kicked into high gear this week, with sextet of deals raising more than US$4 billion in the busiest period since 2021. While...
Emerging market investor inflows are a 2026 story, BOA says
[HONG KONG] Emerging markets are likely to receive heavier inflows early next year as more evidence on the resilience of these economies fuels a further shift from US assets,...
