Business
Thai banking system has large excess liquidity: central bank
THAILAND’S banking system has large excess liquidity and the central bank has not tightened its lending supervision, an assistant governor…
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Business
Business
Moo Deng is a worldwide phenomenon. How long can this global love affair last?
CHONBURI PROVINCE, Thailand — Like most babies, Moo Deng spends a lot of her time sleeping. But for a few hours a day, the 4-month-old…
Business
HSBC sustainability chief leaves after executive committee role dropped
HSBC’s chief sustainability officer, Celine Herweijer, has stepped down, the bank said on Monday (Nov 25), weeks after a management…
Business
Revealed: Deadliest Stretch of US-Mexico Border
Dozens of children and hundreds of young women are among thousands of migrants who have died in desperate attempts to enter the US,…
Business
Warm weather welcomes the opening of many German Christmas markets
Unseasonably warm weather greeted the opening of many of Germany's famed Christmas markets on Monday, with visitors unlikely to need to…
Business
Europe: STOXX 600 hits two-week high
Europe’s main stock index opened at a two-week high on Monday (Nov 25), boosted by US President-elect Donald Trump’s Treasury Secretary…
Business
UK regulator fines Barclays £40 million over disclosures related to Qatar dealings
BRITAIN’S financial regulator said on Monday (Nov 25) it had fined Barclays £40 million (S$68 million) in total for its failure to…
Business
Video of China 'bending bridge' falsely shared as new tourist attraction in Indonesia
After a distinctive glass tourist bridge opened with limited access in Indonesia, a video spread online with a false claim that it showed…
Business
Singapore Gulf Bank to raise funds, buy stablecoin payments firm
SINGAPORE Gulf Bank is seeking to raise at least US$50 million in a funding round and plans to acquire a stablecoin payments company next…
Business
Italy’s UniCredit offers to buy Banco BPM for 10.1 billion euro
ITALIAN lender UniCredit said on Monday (Nov 25) it had offered to buy rival Banco BPM in a roughly 10.1 billion euro (S$14.2 billion)…
Business
Unlocking green hydrogen fuel supply chains
Countries across the Asia-Pacific and Africa regions have great potential in the emerging hydrogen economy. However, as well as…
Business
Mr DIY Indonesian business plans IPO to raise up to 4.7 trillion rupiah
THE Indonesian sister company of Mr DIY Group (M) Bhd will list shares in Jakarta through an initial public offering (IPO) that seeks to…
Business
Brokers’ take: RHB ‘overweight’ on Singapore banking sector
RHB on Monday (Nov 25) upgraded its call on Singapore’s banking sector to “overweight” from “neutral” in September, as it made a “buy”…
Business
Brokers’ take: Maybank initiates SingPost at ‘buy’ with S$0.74 target price
MAYBANK Securities has initiated coverage on Singapore Post (SingPost) with a “buy” call and a S$0.74 target price after applying a 15 per…
Business
BYD’s hybrid pickup targets Australia’s love of fuel-guzzlers
ONE of the world’s safest havens for fuel-guzzling pickups, Australia, is set for its biggest shakeup in years with the arrival of new…
Business
China keeps policy loan rate unchanged for second month
CHINA’S central bank kept a policy loan rate unchanged after last cutting it in September, as the authorities stay patient in ramping up…
Business
CLI to rebalance portfolio, grow India and South-east Asia businesses
CAPITALAND Investment (CLI) will rebalance its portfolio to grow its India and South-east Asia business and optimise its China holdings,…
Business
Indonesia bourse mulls higher IPO proceeds criteria for listing
THE Indonesia Stock Exchange (IDX) is considering requiring minimum proceeds for initial public offerings (IPOs) as part of efforts to…
Business
STI rises, tracking Asia gains as RHB upgrades Singapore banking stocks
SINGAPORE stocks traded higher on Monday (Nov 25) as they followed other markets in the region in making gains. As at noon, the Straits…
Business
STI falls despite Asia gains and RHB upgrading Singapore banking stocks
SINGAPORE stocks closed lower on Monday (Nov 25), even as most regional markets ended in positive territory. The benchmark Straits Times…
Business
Stocks to watch: CDL, Paragon Reit
THE following companies saw new developments that may affect trading of their securities on Monday (Nov 25): City Developments Limited…
Business
AI boom makes 139-year-old cable maker Japan’s hottest stock
THE global boom in artificial intelligence (AI) has turned an obscure 139-year-old Japanese company into a stock-market star. Fujikura,…
Business
Bitcoin’s rally stalls after nearing the historic US$100,000 level
BITCOIN retreated after a rally towards US$100,000 sputtered just shy of the historic level amid warnings that investor optimism stemming…
Business
Howard Lutnick’s Cantor in talks with Tether about US$2 billion Bitcoin lending project
HOWARD Lutnick is moving to strengthen his alliance with one of the most important and controversial names in the digital asset business:…