Culture
Gold, silver and platinum sparkle at all-time peaks
SILVER extended its record rally on Tuesday, breaching the key US$70-an-ounce mark, while gold and platinum also touched historic highs.…
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Culture
Culture
European shares close at fresh record high as Novo Nordisk drives healthcare boost
EUROPEAN shares closed at a new peak on Tuesday, powered by gains in the healthcare sector, after heavyweight Novo Nordisk clinched US…
Culture
US stocks: S&P registers record close as growth stocks advance
US stocks rose on Tuesday and the S&P 500 notched a closing record after a flurry of economic data that included a reading of economic…
Culture
US airlines see record holiday travel even as airfares climb
A daily average of 2.9 million passengers will travel between Dec 19 and Jan 5, up 1.5% from a year earlier US airlines expect to ferry a…
Culture
ServiceNow agrees to buy cyber startup Armis for US$7.75 billion
The deal aims to deliver a strategic cybersecurity shield for real-time, end-to-end protection for all technology estates ServiceNow has…
Culture
Wall Street opens lower as yields rise after GDP data
US stock indexes opened lower on Tuesday (Dec 23) after stronger-than-expected economic data drove Treasury yields higher, weighing on…
Culture
India’s RBI to inject 2 trillion rupees via fresh bond buys, US$10 billion in FX swap
This is to offset the cash drain from its US dollar sales in the currency market to support a weakening rupee India’s central bank…
Culture
Novo Nordisk shares jump almost 8% after US approves Wegovy pill
The approval gives the drugmaker a first-mover advantage in the race for a potent oral weight-loss medicine [COPENHAGEN/LONDON] Novo…
Culture
China’s renminbi climbs to 15-month high, overcoming weak PBOC fixing
On Dec 23, onshore yuan ends at 7.0287 per US dollar, while its offshore counterpart fetches 7.0181 at 4.30pm SGT China’s renminbi climbed…
Culture
Paramount’s new offer for Warner Bros is not sufficient, major investor says
The investors now have until Jan 21 to accept or reject the so-called tender offer Paramount Skydance’s latest offer to buy Warner Bros…
Culture
A Trump-inspired ‘Big Beautiful’ baby bonus could help birth the next boom for Singapore equities
It wouldn’t cost much relatively, and it could pave the way for stock investments to be part of our lives – while helping to make SGX…
Culture
Chip turmoil will worsen on Nexperia spat: Wingtech chair warns
Ruby Yang adds that as the dispute continues, the damage to global industrial chain, investment confidence and shareholders deepens…
Culture
Singapore stocks inch up on inflation forecast; STI gains 0.6%
Local shares closed higher on Tuesday (Dec 23), after the authorities maintained their full-year forecasts for Singapore’s core and…
Culture
Mitsui OSK inks financing deal for Singapore LNG terminal with banks including DBS, OCBC
The deal is for a newbuild floating storage and regasification unit that will be operated by Singapore LNG Corporation Mitsui OSK Lines…
Culture
Citigroup, Daiwa are latest to expand Japan dealmaking teams
This is due to hostile takeovers no longer being taboo, and private equity and activist investors are more prominent It is a good time to…
Culture
Mapletree acquires logistics facility in the Netherlands
Since entering the European logistics market in 2018, the group has amassed 82 logistics assets across eight countries Mapletree…
Culture
Mapletree acquires logistics facility in the Netherlands for 32.3 million euros
Since entering the European logistics market in 2018, the group has amassed 82 logistics assets across eight countries Mapletree…
Culture
Gold sets 50th daily record this year on rate-cut bets and geopolitical risk
Gold has risen 70% this year, driven by strong central-bank buying and inflows into bullion-backed ETFs Gold rose to an all-time high on…
Culture
End-buyer of Seatrium-Maersk vessel caught in Trump’s stop-work order
Singapore company expects vessel to be delivered as agreed in recent settlement with Danish shipping giant Seatrium said it is “closely…
Culture
PIDG, August Energy look to fill gap for ‘patient capital’ in South-east Asian clean energy
Their US$30 million joint venture will focus on Thailand, Vietnam and the Philippines The Private Infrastructure Development Group (PIDG)…
Culture
Huawei’s Maextro S800 becomes China’s top-selling US$100,000 car
Huawei Technologies’ ultra-luxury Maextro S800 sedan is so popular in China nowadays, it is outselling Porsche’s Panamera, Mercedes-Benz…
Culture
Fu Yu’s largest shareholder Victor Lim reinstated as director of strategy, makes new bid for board membership
Reinstatement is in view of his ‘ability to contribute to the group’, says company Components manufacturer Fu Yu has since Nov 1…
Culture
Asian markets rally again as rate cut hopes bring Christmas cheer
EQUITIES extended a global rally on Tuesday, while gold and silver hit fresh records as optimism for more US interest rate cuts and an…
Culture
Rakuten AI boss diverges from big tech in prioritising low cost
RAKUTEN Group is expanding its AI team under the stewardship of a Google veteran and building models with a focus on cost efficiency. Ting…