Business
Singtel rises 5.4% to all-time high amid talks of US$3.9 billion data-centre deal
The telco and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion…
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Business
Business
Australia’s NAB CEO says housing is greatest societal challenge as bank books A$7.09 billion profit
NAB and the rest of Australia’s ‘Big Four’ banks rely heavily on the strength of the housing market National Australia Bank (NAB) chief…
Business
Endowus to offer Avanda’s Singapore equity strategy on its platform
The approach focuses on small and mid-cap opportunities, supporting MAS’ funding initiative Singapore-based wealth adviser Endowus will…
Business
KKR, Singtel seek to fully own Singapore data centre firm in US$3.9 billion deal
KKR & Co and Singapore Telecommunications are in advanced talks to buy more than 80 per cent of ST Telemedia Global Data Centres – which…
Business
Zalando Q3 Revenues Rise Rapidly on Back of About You Purchase
Revenues at Zalando, one of Europe’s largest online fashion retailing platforms, rose 26.5 percent over the third quarter and totaled 3.02…
Business
Malaysia's central bank holds key rate at 2.75%, as expected
Malaysia’s central bank held its benchmark interest rate steady at its final policy review of the year on Thursday (Nov 6), as expected by…
Business
Malaysia holds key rate as economy proves resilient to tariffs
Standing pat gives the central bank room to act decisively if conditions worsen next year MALAYSIA kept interest rates unchanged as the…
Business
Commerzbank Q3 profit unexpectedly falls 8% as higher tax rates, costs weigh
Germany’s Commerzbank, fending off a possible takeover by Italy’s UniCredit, reported an unexpected 7.9 per cent drop in third-quarter net…
Business
DBS general allowance ‘more than adequate’: CEO Tan Su Shan
The bank’s total allowance stood at S$6.4 billion, comprising S$4.1 billion in general allowances and S$2.4 billion in specific…
Business
DBS banks on deposit growth to keep income stable in 2026 as interest rates fall
CEO Tan Su Shan sees opportunities within the equities capital markets and debt capital markets, as corporates return to these markets…
Business
Japan’s trading houses brace for more pain from China steel glut
The industrial metal is trading significantly above the US$9,900 per tonne that Marubeni is forecasting as its average for the next six…
Business
Troubled New Zealand wildlife park euthanises two lions
A New Zealand wildlife park has been forced to euthanise two of their lions, following the closure of the park amid ongoing financial…
Business
Inside Out Acquires The Simple Folk Brand
In keeping with its environmental advocacy, Inside Out, the global holding company that was started by Suzy Amis Cameron has acquired…
Business
Apollo, KB Securities team up to expand private credit in South Korea
The South Korean firm says that it plans to expand its global private credit footprint and enhance its capabilities in deal sourcing,…
Business
SoftBank said to have weighed potential takeover of Marvell
The Japanese conglomerate’s push into the space has gone beyond pure mergers and acquisitions. SoftBank Group explored a potential…
Business
China’s robotaxi firms Pony.AI and WeRide sink on Hong Kong debut
SHARES in Chinese self-driving start-ups Pony.AI and WeRide tumbled on their Hong Kong debuts on Thursday, after raising more than US$1.1…
Business
Asia: Markets bounce from selloff as US jobs beat forecasts
ASIAN markets rose on Thursday to claw back some of the previous day’s hefty losses as investors tracked a bounce on Wall Street sparked…
Business
UOB’s nearly S$1 billion in extra allowances akin to ‘buying insurance’: CEO Wee Ee Cheong
UOB’s decision to increase allowances by almost S$1 billion – which led net profit to tumble by more than two thirds – for the latest…
Business
Gold edges lower as US jobs data dents rate-cut expectations
Bullion hit a record high of US$4,381.21 on Oct 20, but it has fallen close to 10% since Gold dipped on Thursday (Nov 6) after…
Business
Nissan sells Yokohama headquarters for 97 billion yen as part of restructuring
Nissan Motor said on Thursday it has concluded a 97 billion yen (S$840 million) trust beneficiary rights transfer agreement to sell and…
Business
Lendlease Reit raises S$280 million in private placement
The manager of Lendlease Global Commercial Real Estate Investment Trust (Reit) on Thursday (Nov 6) announced the completion of a private…
Business
Stocks to watch: DBS, UOB, PropNex, LHN, Coliwoo, Lendlease Reit
The following companies saw new developments that may affect trading of their securities on Thursday (Nov 6): Source link
Business
Investors Cheer Steve Madden’s Brightening Outlook
Steven Madden Ltd. CEO Edward Rosenfeld had great news about the shoe firm’s prospects, and investors cheered. Shares of Madden spiked…
Business
Elliot Grainge’s 10K Projects Sued by Internet Money Label Over Breach of Contract and Misconduct
Elliot Grainge’s 10K Projects has been sued by Taz Taylor’s Internet Money, which claims that the company breached fiduciary and…