Culture
Oil rises as Trump’s Venezuela blockade takes edge off global crude surplus concerns
[NEW YORK] Oil prices rallied by more than 1 per cent on Wednesday after US President Donald Trump ordered a blockade of all oil tankers under sanctions entering and leaving Venezuela, raising...
European equities muted as tech valuation concerns linger; UK markets outperform
EUROPEAN shares were little changed on Wednesday with losses in technology stocks offsetting strong performance from basic resources amid lingering concerns over sky-high, AI-fuelled tech valuations.UK markets, meanwhile, advanced after...
US stocks closes lower as AI funding jitters drag tech stocks
WALL Street’s main indexes closed lower on Wednesday, with the S&P 500 and the tech-heavy Nasdaq sinking to three-week lows as nagging worries about the artificial intelligence trade weighed...
Chinese chip firms line up for Hong Kong listings in coming weeks
[HONG KONG] At least six Chinese companies related to artificial intelligence are set to go public in Hong Kong in the coming weeks, people familiar with the matter said,...
HG Metal subsidiary to buy industrial property in Tuas for S$20.8 million
[SINGAPORE] A unit of steel distributor HG Metal Manufacturing has exercised an option to purchase (OTP) to acquire an industrial property in Tuas for S$20.8 million, a move that...
Singapore stocks slip despite improved 2026 growth outlook; STI down 0.1%
[SINGAPORE] Singapore stocks ended lower on Wednesday (Dec 17), even as private-sector economists turned more optimistic about the Republic’s growth outlook for 2026.The benchmark Straits Times Index fell 0.1...
Warburg Pincus to invest up to US$1 billion in corporate services firm Acclime
The private equity firm beat rival firms Carlyle Group, Blackstone, KKR and TPG in a bidding race[SINGAPORE] American private equity firm Warburg Pincus on Wednesday (Dec 17) announced that...
Warburg Pincus invests in corporate services firm Acclime, valuing it at US$1 billion
The private equity firm beat rivals Carlyle Group, Blackstone, KKR and TPG in a bidding race[SINGAPORE] American private equity firm Warburg Pincus on Wednesday (Dec 17) announced that it...
Hong Kong’s financial resurgence fuelled by surge of offshore wealth
Strong net fund inflows of HK$7 trillion brought the city’s managed assets back up to HK$35.1 trillion at the end of 2024[HONG KONG] The turnaround in Hong Kong’s financial...
Thai central bank cuts policy rate by 25 bps, as expected
The reduction is the fifth since October 2024, with rates down by a total of 125 basis points[BANGKOK] Thailand’s central bank cut its key interest rate on Wednesday (Dec...
