Culture
Indonesia’s vow to balance currency, growth may cushion rupiah
Heavy selling of Indonesian bonds since September has reduced US$4.6 billion of net bond inflows to a gain of merely US$20 million[JAKARTA] Bank Indonesia’s (BI) vow to prioritise currency...
MetaOptics shares close 16.8% higher on proposed share placement
Proceeds are expected to strengthen the group’s financial position and expand its capital base to support a growing pipeline of global orders[SINGAPORE] Shares of semiconductor optics company MetaOptics soared...
Silver hits fresh record after trading outage, supply tightness
Its most recent surge has been supported by renewed concerns of tightness in the global market[SINGAPORE] Silver jumped to a record, reinforcing a gain of nearly 6 per cent...
Marco Polo Marine H2 profit jumps over 4 times to S$47.9 million on impairment reversals
This is attributed to a combination of stronger underlying performance and several extraordinary gains[SINGAPORE] Marco Polo Marine posted on Saturday (Nov 29) a more than four times, or 348...
Japanese firms scale back investment as tariff headwinds hit
Monday’s figures will be factored into revisions made to third-quarter GDP data due Dec 8[TOKYO] Japanese businesses trimmed back their capital spending over the summer after five straight quarters...
Australia’s ASX hit by outage affecting corporate announcements, website shows
The outage comes after CME Group on Friday suffered one of its longest outages in years[BENGALURU] The Australian Securities Exchange’s (ASX) announcements platform was down on Monday (Dec 1),...
Manulife US Reit proposes strategic pivot to retail, living, industrial sectors
It seeks mandates for US$350 million in divestments and US$600 million in acquisitions[SINGAPORE] Manulife US Reit is seeking unitholder approval for a growth plan that simultaneously expands its investment...
Databricks in talks to raise capital at US$134 billion valuation: report
[BENGALURU] Data analytics firm Databricks is in talks to raise US$5 billion at a valuation of US$134 billion, which is roughly 32 times this year’s expected sales of about...
China earnings miss casts doubt on Xi’s bid to end deflation
[BEIJING] Beijing’s campaign to rein in price wars and blunt deflation has done little to lift third-quarter earnings, leaving investors short on catalysts as Chinese stocks extend their losses...
UltraGreen.ai right to move fast on Singapore listing instead of waiting for SGX-Nasdaq bridge
To drive its post-listing performance, the company should educate investors, lay out operational milestones and emphasise its competitive advantage[SINGAPORE] As my newsroom colleagues pored over UltraGreen.ai’s listing prospectus last...
