Business
How 2025 Became the Year of the Luxury VIC
With aspirational customers evaporating by the millions, 2025 was the year of the VIC. An acronym for “very important customer,” the term…
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Business
Business
Indonesia’s tin exports surge as supply concerns dissipate
The global market for mined tin will swing to a surplus next year thanks to rising mine supplies, according to Mysteel INDONESIA’S exports…
Business
HSBC’s US$13.6 billion buyout proposal wins Hang Seng Bank board committee’s nod
Debt-laden property developers in Hong Kong and their creditors are set to face intensifying financial pressure next year Hong Kong’s Hang…
Business
Google signs solar power pact in Malaysia with Shizen Energy
The agreement highlights efforts by global tech firms to decarbonise their energy-intensive operations such as data centres Alphabet’s…
Business
SMBC Asia inks debut US$3.2 billion SRT with Blackstone, Stonepeak
Globally, synthetic risk transfer volumes are projected to expand 11% annually over the next two years Sumitomo Mitsui Banking…
Business
Rob Reiner: Two found dead at LA home owned by director, police say
Two people have been found dead at a home in Los Angeles identified by authorities as the residence of director and actor Rob Reiner,…
Business
Middle East oil market weakens as glut concerns gain traction
The IEA, meanwhile, projects output will exceed consumption by 3.8 million barrels a day in 2026 The Middle Eastern oil market has…
Business
Asian markets drop with Wall Street as tech fears revive
Tech firms have been at the forefront of a global surge in equity markets for the past two years Asian markets dropped on Monday (Dec 15)…
Business
China shadow bank’s missed payments show growing property stress
The recent trouble in Zhejiang is a reminder that the problem never fully went away A US$3 billion redemption crisis in eastern China is…
Business
Oxfam chief forced to step down over 'serious issues' with conduct, charity says
The chief executive of Oxfam GB has been forced out by the charity's board after an independent review found "serious issues" with her…
Business
Gold rises on softer Treasury yields; silver steadies after record run
Investors are currently pricing in two rate cuts for next year, with this week’s non-farm payrolls report expected to provide further…
Business
Ringgit’s outperformance set to extend next year on AI boost
The Malaysian ringgit is on course to beat its Asian peers for a second straight year, and some strategists are expecting the…
Business
Soilbuild Construction proposes four-to-one stock split after 313% year-to-date rise
The company currently has an issued and paid-up share capital of S$107.9 million comprising 165.5 million shares Construction and…
Business
January Capital’s private credit fund marks final close at over US$130 million
The fund offers growth-stage, sponsor-backed tech firms in Apac less-dilutive financing through senior secured loans…
Business
South Africa diamond mining: The Nama's once mineral-rich land has left them in poverty
Karnie SharpBBC Focus on Africa, South Africa's west coast There is a disturbing contrast along South Africa's remote west coast. The…
Business
Robot vacuum Roomba maker files for bankruptcy after 35 years
Under the restructuring, vacuum cleaner maker Shenzhen Picea will receive the entire equity stake in the reorganised company iRobot filed…
Business
Stocks to watch: ST Engineering, ESR-Reit, OUE Reit, Hutchison Port Holdings Trust, Soilbuild Construction
The following companies saw new developments that may affect trading of their securities on Monday (Dec 15): Source link
Business
ESR-Reit sells 8 Singapore assets to Brookfield for S$338m; sale would trim distribution
The move is part of Reit’s strategy to offload non-core assets, particularly those suffering lease decay The manager of ESR Real Estate…
Business
ASX hit with A$150 million capital charge, regulatory reforms
The exchange operator will also revamp its internal transformation programme with new targets and commit to stronger leadership…
Business
Nomura seeking private debt acquisitions in alternatives push, CEO says
Despite the explosive growth of such financing in the US over the past decade, bank loans still dominate corporate borrowing in Japan…
Business
Tokyo Gas to steer more than half of overseas investments to US in next three years, CEO says
Tokyo Gas, Japan’s top city gas provider, plans to direct more than half of the 350 billion yen (S$2.9 billion) it has earmarked for…
Business
Rebate cuts won’t hurt Singapore’s momentum as South-east Asia’s top EV market in 2026
The Republic’s EV take-up is expected to rise due to a continued price advantage and new benefits for electric heavy vehicles The…
Business
Tiger Brokers Singapore bucks price-cutting trend among digital brokerages
It charges higher fees than some competitors, but still managed to add new accounts for the seventh straight quarter, hitting a new peak…