Culture
Nippon Steel excludes US Steel from profit guidance on ‘significant’ market challenges
The exclusion is attributed to current US steel market conditions, cost rises and heightened uncertainty in the US market[TOKYO] Nippon Steel, Japan’s biggest steelmaker, said it expects to report...
Hong Kong arrests 80 in one of its biggest crypto frauds
[HONG KONG] Hong Kong police said on Wednesday (Nov 5) they have arrested dozens of suspects in connection with one of the city’s largest crypto fraud cases, the HK$1.6...
PropNex subsidiary sued for S$586,000 over alleged misrepresentation and breach of duty
[SINGAPORE] A wholly-owned subsidiary of PropNex and two other defendants are being sued for at least S$586,172, allegedly over a breach of duty of care as well as negligent...
Coliwoo’s public offer of 5.3 million shares 20.7 times subscribed
[SINGAPORE] Coliwoo has drawn strong investor interest for its initial public offering (IPO), with 5.3 million public offer shares about 20.7 times subscribed.By the close of the public offer...
OCBC appoints Melvyn Low as group chief strategy and transformation officer
The industry veteran has held senior positions in cash management, trade and securities services at various regional and global banks[SINGAPORE] OCBC has appointed banking veteran Melvyn Low as its...
Global private equity funds consider return to China as investors pivot from US
Private equity-backed deals targeting Chinese companies have totalled US$25 billion so far this year[HONG KONG] Global private equity partners are eyeing a return to China after staying on the...
Toyota raises profit outlook, bets it can ride out tariffs
The world’s top-selling carmaker now expects operating profit of 3.4 trillion yen (S$28.9 billion) for the financial year to end-March[TOKYO] Toyota raised its full-year profit forecast on Wednesday (Nov...
Newly launched iEdge Singapore Next 50 Index posts 18% return in H2 to date
[SINGAPORE] The new iEdge Singapore Next 50 Index has made a strong debut, generating an 18 per cent indicative total return in the second half of 2025 thus far,...
CDLHT sets up S$1.5 billion multicurrency debt issuance programme
[SINGAPORE] CDL Hospitality Trusts (CDLHT), a stapled group consisting of CDL Hospitality Real Estate Investment Trust (H-Reit) and CDL Hospitality Business Trust (HBT), announced the establishment of a S$1.5...
China’s ICBC to open vault boosting Hong Kong’s gold ambitions
[BEIJING] China’s largest state-owned bank plans to open a precious metals depository at Hong Kong International Airport, offering a boost to both the lender’s trading operations and the city’s...
