Business
KG Mobility to launch Musso EV in Q1
South Korean automaker KG Mobility Corporation (KGM) announced it plans to launch a battery-powered pickup truck, the Musso EV, in the…
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Business
Business
Chinese AI App DeepSeek Surpasses ChatGPT on U.S. App Store
Chinese startup DeepSeek has achieved a major milestone. On Monday, its AI assistant became the top-rated free app on Apple's App Store in…
Business
Huationg, Ley Choon shares take off as robust order books revive construction stocks
Shares of some construction companies surged last week on various announcements and a projected bright outlook. Hock Lian Seng was up 12.9…
Business
PwC study says electric vehicles sales up in 2024, but Germany slips
The logo of the auditing company PWC, taken in Manhattan. Worldwide sales of battery electric vehicles (BEVs) grew last year to 10.4…
Business
ECB to cut rates again, with a nervous eye on Trump
EUROZONE rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain on track…
Business
With the Fed likely to stay pat on rates, investors will scrutinise every detail for any deviation on policy
This time, unlike at previous high-stakes meetings, no one expects to see any surprises THE US Federal Reserve is so likely to leave…
Business
With the Fed likely to stand pat on rates, investors will scrutinise every detail for any deviation on policy
This time, unlike at previous high-stakes meetings, no one expects to see any surprises THE US Federal Reserve is so likely to leave…
Business
Mapletree Investments acquires logistics assets in UK, Spain for 315.1 million euros
REAL estate giant Mapletree Investments has acquired its first logistics property in the UK and 10 warehouses in Spain for a total of…
Business
JLR to invest £65 million to meet demand for custom luxury car colours
JAGUAR Land Rover (JLR) will invest £65 million (S$109 million) to expand its luxury paint services in the UK and Slovakia to meet…
Business
Chinese commodities firms bear the brunt of a slowing economy
Overcapacity has compounded the impact of China’s slowing growth on these stalwarts of the old economy CHINESE industrial profits show…
Business
Japfa surges 16 per cent to S$0.615 after news of S$0.62 privatisation offer
Japfa announced on Friday that members of its founding family were making a joint offer to acquire around 18.3 per cent of the company’s…
Business
Japfa surges 16% to S$0.615 after news of S$0.62 privatisation offer
The company announced on Friday that members of its founding family were making a joint offer to acquire around 18.3% of the company’s…
Business
SLB Development jumps 33% after S$0.23-per-share privatisation offer from Lian Beng’s Ong family
SHARES of property player SLB Development surged on Monday (Jan 27) morning, after it announced last week that it had received a…
Business
Gold inches lower as US dollar rises, Fed meeting in focus
GOLD prices edged lower in early Asian hours on Monday (Jan 27) as the US dollar gained, while investors awaited more guidance on interest…
Business
Philippine peso may test record low as central bank cuts rates
THE Philippine peso is veering towards an all-time low as the nation’s central bank plans to cut interest rates further in the face of…
Business
Singapore shares fall at Monday’s open; STI down 0.3%
SINGAPORE shares started trading in negative territory on Monday (Jan 27), mirroring the global markets. As at 9.01 am, the Straits Times…
Business
Singapore shares track regional declines on Monday; STI down 0.2%
SINGAPORE shares ended lower on Monday (Jan 27), tracking declines in the region. The benchmark Straits Times Index declined 0.2 per cent…
Business
JPMorgan, PineBridge stay bullish on Asia’s wobbling junk bonds
PINEBRIDGE Investments and JPMorgan Asset Management are sticking with bullish bets for Asian junk-rated bonds given elevated yields and a…
Business
Stocks to watch: Keppel, CDLHT, CapitaLand Ascott Trust, Thomson Medical, Japfa
THE following companies saw new developments that may affect trading of their securities on Monday (Jan 27): Keppel: The company was…
Business
CapitaLand Ascott Trust posts 7% fall in H2 DPS to S$0.0355
CAPITALAND Ascott Trust (Clas) on Monday (Jan 27) posted a 7 per cent fall in distribution per stapled security (DPS) to S$0.0355 for the…
Business
Hong Kong’s property distress is catching up with city’s banks
DISTRESSED property sales in Hong Kong are beginning to bite banks that used to be well protected against loan losses. The city’s…
Business
US stocks are jumping on earnings wins by the most since 2018
WITH uncertainty swirling around the outlook for inflation and interest rates, there’s been one dependable catalyst keeping Wall Street’s…
Business
Universal Music, Spotify reach new multiyear distribution deal
UNIVERSAL Music Group and Spotify Technology reached a new multiyear distribution agreement that includes compensation for recorded songs…
Business
S Corp vs. C Corp Showdown: Which Makes More Money?
When you’re starting a business, picking the right corporation type can feel like a big decision. It’s not just about the name; it’s about…