News
Trump’s win cools gold fever but longer-term outlook remains bullish
Stronger greenback and bond yields, as well as increasing confidence in US equities and cryptocurrencies, are putting the commodity under…
Kim Browne
As an editor at GQ British, I specialize in exploring Lifestyle success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.
Business
Musk’s SpaceX preparing to launch tender offer in Dec at US$135/share: sources
Elon Musk’s SpaceX is preparing to launch a tender offer in December to sell existing shares at a price of US$135 per share, two sources…
Business
US: Wall Street drops at the open after Powell dents rate-cut hopes
WALL Street’s main indexes opened lower on Friday (Nov 15), after Federal Reserve chair Jerome Powell said there was no need to rush…
Business
Unilever nearly halves expected European job cuts
This is done through savings projects from 2022 to 2024 and not hiring externally Unilever is cutting about 1,500 fewer jobs in Europe…
Business
KKR raises offer for Fuji Soft to 1 yen above Bain’s rival bid
KKR & Co raised its offer price for Fuji Soft above a rival bid by Bain Capital, winning the backing of the Japanese software developer’s…
Business
China’s Alibaba misses quarterly revenue estimates, beats on profit
ALIBABA Group Holding missed analysts’ estimates for quarterly sales on Friday (Nov 15), as lingering economic uncertainty sapped consumer…
Business
Indonesia intervenes as rupiah nears 16,000 per dollar level
INDONESIA’S central bank intervened in currency markets to support the rupiah after it weakened towards the psychological level of 16,000…
Business
Singapore stocks extend gains on Friday; STI up 0.2%
Across the broader market, 319 losers beat 254 gainers, with 1.2 billion securities worth S$1.3 billion changing hands SINGAPORE equities…
Business
State carrier Garuda Indonesia appoints new CEO
STATE-run Garuda Indonesia said on Friday (Nov 15) it had appointed Wamildan Tsani Panjaitan, a former acting head of budget Lion Air who…
Business
CCCS okays Hanwha’s proposed acquisition of Dyna-Mac
Regulator says transaction will not substantially lessen competition within Singapore THE Competition and Consumer Commission of Singapore…
Business
Chinese stocks lead Asia markets’ weekly losses amid China data, Fed signal on rate cuts
Major markets across Asia-Pacific broadly fell this week as US consumer prices released showed that inflation stayed firm, and its central…
Business
PC Partner commences trading in Singapore, opens at S$0.85
HONG KONG-based electronics company PC Partner Group began trading on the mainboard of the Singapore Exchange (SGX) on Friday (Nov 15) at…
Business
Brokers’ take: Maybank downgrades ComfortDelGro to ‘hold’ on acquisition doubts
MAYBANK Securities has downgraded its call on ComfortDelGro to a contrarian “hold”, with a lower price target of S$1.60, from S$1.65…
Business
Goodwill Entertainment makes trading debut at S$0.21, 5% above IPO price
IPO proceeds will go towards expanding the business regionally and globally, among other uses KARAOKE operator Goodwill Entertainment…
Business
Singapore shares open lower on Friday; STI down 0.3%
SINGAPORE stocks began Friday (Nov 15) trading in negative territory as markets abroad mostly posted losses overnight. As at 9.01 am, the…
Business
CapitaLand Ascendas Reit to develop logistics property in US for S$94.8 million
CAPITALAND Ascendas Reit (Clar) will acquire a parcel of land in the US, and develop it into a new logistics property at an estimated…
Business
Nissan faces record debt bill with 1 year left to fix finances
Nissan Motor will have a year of breathing space in 2025 before hitting a record bond maturity wall as concerns mount about its ability to…
Business
Europe: Stoxx 600 jumps as energy and tech lead the charge, positive earnings help
Europe’s Stoxx 600 bounced back with a 1 per cent gain, driven by strong performances in the energy and technology sectors, while positive…
Business
US: Wall Street indexes end lower after Powell erodes hopes for December rate cut
Wall Street’s main indexes closed lower on Thursday (Nov 14) after Federal Reserve chair Jerome Powell dampened investor hopes for another…
Business
Reliance, Walt Disney close US$8.5 billion merger of Indian media assets
RELIANCE Industries and Walt Disney on Thursday (Nov 14) completed the US$8.5 billion merger of their Indian media assets, which have been…
Business
US: Wall Street edges higher at the open after PPI data
WALL Street’s main indexes edged higher at the open on Thursday (Nov 14) after a broadly in line reading of producer prices data, with…
Business
EU fines Meta 797 million euros over abusive practices benefiting Facebook Marketplace
THE European Commission on Thursday (Nov 14) fined Meta Platforms 797.72 million euros (S$1.1 billion) over abusive practices benefiting…
Business
‘Deadpool & Wolverine’ helps Disney beat earnings forecasts
WALT Disney reported earnings that topped Wall Street’s estimates on Thursday (Nov 14), propelled by blockbuster ticket sales from the…
Business
SGX RegCo issues trade with caution alert on 9R Limited
THE Singapore Exchange Regulation Company (SGX RegCo) has urged investors to exercise caution when dealing with shares of 9R Limited. In a…