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SGX not exploring or considering bid for Cboe Australia
[SINGAPORE] Singapore Exchange said it’s not considering buying Cboe Global Markets’ Australian unit, refuting an earlier Australian Financial Review report.“The speculation reported in the AFR article and other media...
Micron to exit consumer memory business amid global supply shortage
[BENGALURU] Memory chipmaker Micron Technology said on Wednesday (Dec 3) that it will exit its consumer business, as it doubles down on advanced memory chips used in artificial intelligence...
Asian markets stumble as traders struggle to hold Fed cut rally
Bets on a US reduction on Wednesday have surged to around 90% in the past two weeks[HONG KONG] Asian markets struggled to maintain their early momentum on Thursday (Dec...
Ship rates spiking 467% marks upended trade across commodities
Freight rates have eased slightly from a peak at the end of November, but elevated costs are reverberating across the shipping market[HONG KONG] Rates to ship commodities from energy...
Gold holds steady after weak US jobs data reinforce rate-cut bets
[BENGALURU] Gold prices held steady above the US$4,200 mark on Thursday (Dec 4), buoyed by weak private payrolls data that reinforced expectations of a US interest rate cut at...
Ringgit rally, fiscal strength fuel Malaysia’s bond momentum
[KUALA LUMPUR] Malaysia’s improving fiscal outlook, moderating inflation and resilient currency are enhancing the appeal of its bonds, positioning them for continued gains into next year.Global funds have poured...
Stocks to watch: Cordlife, DFI Retail Group, SingLand, Tuan Sing, Vibrant Group
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Dec 4): Cordlife : The cord-blood bank is facing claims of at least...
Nvidia’s Huang unsure whether China would accept its H200 chips
Allowing H200 sales to the Asian nation would mark a significant win for the world’s most valuable company[NEW YORK] Nvidia chief executive officer Jensen Huang said that he’s unsure...
Concerns of weak prospects at Low Keng Huat belie a history of strong shareholder returns
Over the past 16 years, its shares have delivered a total return higher than that of STI, CDL, Hongkong Land and UOL shares[SINGAPORE] The offeror for Low Keng Huat...
Indexes close higher as data keeps Fed rate cut expectations elevated
[NEW YORK] US stocks advanced to close higher on Wednesday (Dec 3), as a flurry of economic data kept expectations elevated for an interest rate cut by the Federal...
