Culture
EC World Reit granted more time until May 2026 to submit resumption proposal
SGX-ST has considered that it needs more time to work on proposals to meet its loan repayment obligations[SINGAPORE] EC World Real Estate Investment Trust’s (ECW) application for more time...
Amazon European hub in Luxembourg braces for record job cuts
[PARIS] Amazon.com’s decision earlier this year to axe 14,000 employees around the globe is reverberating at the company’s European headquarters in Luxembourg. In the coming weeks, Amazon is expected...
EU to yield on combustion engines ban after automaker pressure
It will be the union’s most significant climb-down from its green policies of the past five years[STRASBOURG, France] The European Commission is set to backtrack on the European Union’s...
Airline Caterer Gategroup said to pick banks for Zurich IPO
[ZURICH] The world’s biggest in-flight caterer Gategroup Holding has selected banks for an initial public offering, which could take place as soon as the second half of next year,...
Singapore stocks edge lower ahead of key US data; STI down 0.2%
[SINGAPORE] Singapore stocks ended lower on Tuesday (Dec 16), ahead of a slate of US economic data due later in the day.The benchmark Straits Times Index (STI) fell 0.2...
Philippine wealth fund to invest in port company Asian Terminals
The Philippine sovereign wealth fund has pursued a few deals since its inception in 2023[MANILA] Philippine sovereign wealth fund Maharlika Investment plans to acquire a minority stake in Asian...
Asian markets retreat ahead of US jobs as tech worries weigh
ASIAN markets extended losses with Wall Street on Tuesday as investors jockeyed for position ahead of key US jobs and inflation data, while sentiment remains subdued by worries over...
Economists at CBA, NAB call for Australia February rate hike
RBA Governor Michele Bullock has ruled out further policy easing last week after keeping rates steady[SYDNEY] The Commonwealth Bank of Australia and the National Australia Bank, two of the...
Singapore travellers can open, top up digital renminbi wallets under pilot scheme
The agreements come amid a greater push from China to promote cross-border RMB settlement and other financial services[SINGAPORE] DBS Bank was appointed as the second renminbi (RMB) clearing bank...
Gold edges higher on US rate outlook; silver dips but stays near record high
[BENGALURU] Gold prices edged higher on Tuesday (Dec 16), supported by expectations of a US interest rate cut in January, as investors awaited key jobs data due later in...
