Fashion
Citigroup hires Nomura, Wells Fargo traders in foreign-exchange business push across Asia
[SINGAPORE] Citigroup has hired seven personnel, including former traders from Nomura International and Wells Fargo, to boost its foreign-exchange business in Asia. Nicky Lam, formerly of Nomura in Singapore,...
SoftBank’s 40% slide since October underscores mounting worry over its giant OpenAI bet
Japanese tech investor leads AI selloff amid concerns over new pressure on OpenAI after Gemini 3.0 debut[TOKYO] Growing unease over frothy artificial intelligence valuations is weighing on shares of...
Surgical tech firm UltraGreen.ai files for US$377.1 million IPO on SGX mainboard
It is offering 112.1 million shares at US$1.45 or S$1.892 apiece; this includes 5.9 million shares for a retail tranche in Singapore[SINGAPORE] Medical imaging and surgery technology firm UltraGreen.ai...
China likely to bid on building new Panama Canal ports
The Panama Canal Authority plans to award contracts for the two terminals in late 2026 and begin operations in 2029[PANAMA CITY] China is among parties interested in bidding to...
China buys at least 10 US soybean cargoes in new deals after Trump-Xi call: sources
[BEIJING] China bought at least 10 cargoes of US soybeans worth around US$300 million in contracts signed since Tuesday, two traders with knowledge of the deals said, a day...
RHB initiates coverage on Keppel Infrastructure Trust with ‘buy’ call
The analyst sets a target price of S$0.55 and says the trust should have a ‘modestly growing’ distribution profile[SINGAPORE] RHB on Wednesday (Nov 26) initiated coverage on Keppel Infrastructure...
Maersk sees better safety in Red Sea as it eyes eventual return
Shippers have been routing their vessels around Africa, adding thousands of miles and costs to voyagesAP MOLLER-MAERSK said that the conditions for it to resume transit through the southern...
The story of a K-pop fan: I spent S$2,500 to win a 1.5-minute fancall with my idol
What lengths do K-pop fans go to in order to see their idols? The Business Times looks at three scenarios of how fans engage with K-pop, as well as how the...
Chinese bonds see no haven demand from stock losses on PBOC bets
The central bank’s reluctance to ease its policy further remains the core issue weighing on the debt market[BEIJING] China’s stock and bond markets are decoupling, breaking the inverse correlation...
Gold drifts higher on US rate cut expectations
Markets are pricing in an 84% chance of a Fed rate cut next month, compared to 50% last week, according to CME Group data[BENGALURU] Gold prices nudged higher during...
