Culture
Trump’s win cools gold fever but longer-term outlook remains bullish
Stronger greenback and bond yields, as well as increasing confidence in US equities and cryptocurrencies, are putting the commodity under pressureDONALD Trump’s triumph in the US presidential election has...
Musk’s SpaceX preparing to launch tender offer in Dec at US$135/share: sources
Elon Musk’s SpaceX is preparing to launch a tender offer in December to sell existing shares at a price of US$135 per share, two sources familiar with the matter...
US: Wall Street drops at the open after Powell dents rate-cut hopes
WALL Street’s main indexes opened lower on Friday (Nov 15), after Federal Reserve chair Jerome Powell said there was no need to rush interest-rate cuts, pushing up bond yields...
Unilever nearly halves expected European job cuts
This is done through savings projects from 2022 to 2024 and not hiring externallyUnilever is cutting about 1,500 fewer jobs in Europe than initially anticipated and hiring about 1,000...
KKR raises offer for Fuji Soft to 1 yen above Bain’s rival bid
KKR & Co raised its offer price for Fuji Soft above a rival bid by Bain Capital, winning the backing of the Japanese software developer’s board.
The private equity firm...
China’s Alibaba misses quarterly revenue estimates, beats on profit
ALIBABA Group Holding missed analysts’ estimates for quarterly sales on Friday (Nov 15), as lingering economic uncertainty sapped consumer spending in China and weighed on the e-commerce giant’s domestic...
Indonesia intervenes as rupiah nears 16,000 per dollar level
INDONESIA’S central bank intervened in currency markets to support the rupiah after it weakened towards the psychological level of 16,000 per US dollar.
Bank Indonesia is intervening in the...
Singapore stocks extend gains on Friday; STI up 0.2%
Across the broader market, 319 losers beat 254 gainers, with 1.2 billion securities worth S$1.3 billion changing handsSINGAPORE equities finished Friday (Nov 15) higher, extending two days of gains....
State carrier Garuda Indonesia appoints new CEO
STATE-run Garuda Indonesia said on Friday (Nov 15) it had appointed Wamildan Tsani Panjaitan, a former acting head of budget Lion Air who pledged to improve the flag-carrier’s performance,...
CCCS okays Hanwha’s proposed acquisition of Dyna-Mac
Regulator says transaction will not substantially lessen competition within SingaporeTHE Competition and Consumer Commission of Singapore (CCCS) has cleared Hanwha Ocean SG Holding’s proposed acquisition of Dyna-Mac. In a...
