Yen stronger as traders wary of intervention
NEW YORK, Dec 24 : The Japanese yen gained modestly against the U.S. dollar on Wednesday as traders focused on whether weakness in the Japanese currency will prompt officials in the country to intervene.Volumes are light ahead of Thursday’s Christmas Day holiday, when U.S. and many internationa ...
Wall Street opens flat ahead of Christmas break
[NEW YORK] Wall Street indexes opened nearly flat in shortened Christmas Eve trading on Wednesday (Dec 24), as traders wait to see...
SolGold agrees to $1.2 billion takeover by top investor Jiangxi Copper
Dec 24 : Gold and copper miner SolGold said on Wednesday it had agreed to be acquired by its largest shareholder Jiangxi Copper in a deal valuing it at 867 million pounds ($1.17 billion).The 28-pence-per-share deal represents an almost 43 per cent premium to Ecuador-focused SolGold's clos ...
Keppel REIT secures over $891 mil in bridging loan facilities
Kwan Wei Kevin Tan - Keppel REIT, whose portfolio mainly comprises prime commercial assets in Asia, says it has obtained three bridging loan facilities totalling over $891 million. In a bourse filing on Dec 24, Keppel REIT says it has obtained three bridging loan facilities worth $300,000,000, $297,330,000 and $294,666, ...
Gold, silver and platinum take a breather after record rally
Dec 24 : Gold prices edged lower on Wednesday, taking a breather after surging past the key $4,500-an-ounce mark earlier in the session, while silver and platinum trimmed some gains following their record-breaking rally.Spot gold was down 0.4 per cent at $4,468.96 per ounce at 10:04 a.m. ET (1504 ...
Gold tops $4500 while silver, platinum surge to new peaks
Dec 24 : Gold broke above $4,500 an ounce for the first time on Wednesday while silver and platinum also marked new record highs, as safe-haven demand and expectations of further U.S. rate cuts next year fuelled speculative interest in precious metals. Spot gold was up 0.2 per cent at $4,494. ...
Gold, silver and platinum extend record streak
Dec 24 : Gold broke above $4,500 an ounce for the first time on Wednesday while silver and platinum also marked new record highs, as safe-haven demand and expectations of further U.S. rate cuts next year fuelled speculative interest in precious metals. Spot gold was up 0.1 per cent at $4,493. ...
From trend to mainstay: AI to cement its place at the core of 2026 investment strategies
Dec 24 : Artificial intelligence will remain the centerpiece of investment strategies, global brokerages said in their 2026 outlooks, with the benchmark S&P 500 index on track to post another year of gains."We think fears of a collapse in the AI narrative are overdone and expect economic ...
Nike climbs as Apple’s Tim Cook buys US$3 million in stock
[NEW YORK] Nike shares ticked up 2 per cent in premarket trading on Wednesday (Dec 24) after Apple CEO Tim Cook bought...
Haier sells 49% stake in Indian unit to Bharti, Warburg Pincus
The agreement will bolster Haier’s ‘Made in India, for India’ strategy
Gold tops US$4,500, silver and platinum hit records in metal markets frenzy
Gold surges more than 70% this year, driven by safe-haven demand, de-dollarisation trends, central bank buying and others
Exclusive-Japan likely to cut super-long debt issuance to 17-year low, sources say
TOKYO, Dec 24 : Japan will likely reduce new issuance of super-long government bonds next fiscal year to around 17 trillion yen ($109 billion), the lowest level in 17 years, two government sources said on Wednesday, nodding to market fears of oversupply that have lifted yields for these notes to ...
LG Energy Solution unit to sell US$2.86 billion US factory assets to Honda
This excludes land and equipment, and is meant to ‘improve joint venture operational efficiency’
Addvalue Technologies ID Kelvin Chow raises stake by an additional 500,000 shares
Kwan Wei Kevin Tan - Addvalue Technologies independent director Kelvin Chow has bought an additional 500,000 shares from the open market on Dec 24 at 6.7 cents apiece. The transaction comes just days after he bought 250,000 shares at 6.4 cents each on Dec 22. With his recent purchase, Chow now holds 750,000 shares or 0. ...
Italy watchdog orders Meta to halt WhatsApp terms barring rival AI chatbots
MILAN, Dec 24 : Italy's antitrust authority (AGCM) on Wednesday ordered Meta Platforms to suspend contractual terms that could shut rival AI chatbots out of WhatsApp, as it investigates the U.S. tech group for suspected abuse of a dominant position.A spokesperson for Meta called the decision ...
Production delays continue at Rex International’s Sèmè Field
Lin Daoyi - Technical challenges continue to delay oil and gas explorer Rex International’s drilling campaign at Sèmè Field in Benin. In a Dec 24 announcement, Rex says that production is unable to take place in 2025 as planned due to “further significant technical issues”. The mainboard-listed company ...
LG Energy Solution to sell US factory assets to Honda
SEOUL, Dec 24 : South Korea's LG Energy Solution (LGES) said on Wednesday it is selling a factory building and assets in the U.S. state of Ohio to Honda Development and Manufacturing of America. The planned $2.86 billion deal excludes land and equipment, and is meant to "improve joint v ...
LG Energy Solution unit to sell US factory assets to Honda
SEOUL, Dec 24 : South Korea's LG Energy Solution (LGES) said on Wednesday its unit is selling a factory building and assets valued at $2.86 billion located in the U.S. state of Ohio to Honda Development and Manufacturing of America. The planned deal excludes land and equipment, and is meant ...
Grab rides to cost S$0.30 more from Jan 1 with platform fee hike
[SINGAPORE] Singapore’s largest ride-hailing firm Grab will be increasing its platform fee by S$0.30 come Jan 1, 2026.
Grab rides to cost 30 cents more from Jan 1 with platform fee hike
[SINGAPORE] Singapore’s largest ride-hailing firm Grab will be increasing its platform fee by 30 cents come Jan 1, 2026.
BP to sell 65% stake in Castrol to Stonepeak for US$6 billion
The sale proceeds, which include US$800 million for accelerated dividend payments, will be used to reduce debt
Sanofi to buy Dynavax for US$2.2 billion to add shingles vaccine
[PARIS] Sanofi agreed to buy Dynavax Technologies for about US$2.2 billion to expand its vaccines business with a shot for hepatitis B...
IREIT Global borrows EUR12.5 mil from CDL to fund transformation of Berlin Campus
Kwan Wei Kevin Tan - IREIT Global, a Europe-focused real estate investment trust (REIT) listed in Singapore, says it has secured a two-year EUR12.5 million ($18.9 million) term loan facility from City Development Limited’s wholly-owned subsidiary City Strategic Equity. According to a Dec 24 bourse filing, the loan wil ...
LG Energy Solution says unit to sell $2.86 billion US joint factory assets to Honda unit
SEOUL, Dec 24 : South Korea's LG Energy Solution said on Wednesday its unit is selling its Ohio factory building and assets valued at $2.86 billion to Honda Development and Manufacturing of America. The planned deal excludes land and equipment, and is meant to "improve joint ...
Retail investors to have more sway over Wall Street after record year
In 2025, retail traders shift to ETFs tracking equity indexes, crypto, and commodities
Nam Cheong sells vessel for US$20.5 million to Vietnam firm
Tessa Oh - The sale is expected to contribute positively to the group’s earnings for the financial year ending 2025
China's CNOOC makes second big oil find in Bohai Sea
[BEIJING] China’s oil major CNOOC Limited said on Wednesday (Dec 24) it has discovered an oilfield with proved in-place volumes exceeding...
Japan’s Eneos leads bids for Chevron’s Singapore oil refinery stake
The deal is expected to be nearing a conclusion
Japan's TEPCO to partially restart world's biggest nuclear power plant on January 20
TOKYO, Dec 24 : Tokyo Electric Power Co plans to restart the first unit of its Kashiwazaki-Kariwa nuclear power plant, the world's biggest, on January 20, TEPCO President Tomiaki Kobayakawa told reporters on Wednesday.This week, the prefecture assembly in Niigata, the region where the plant is ...
Japan's TEPCO to restart first unit at Kashiwazaki-Kariwa on January 20
TOKYO, Dec 24 : Tokyo Electric Power Co plans to restart the first unit at its Kashiwazaki-Kariwa nuclear power plant, the world's biggest, on January 20, TEPCO President Tomiaki Kobayakawa told reporters on Wednesday.This week, the prefecture assembly in Niigata, the region where t ...
Singapore shares slip before Christmas break; STI down 0.1%
Navene Elangovan - Meanwhile, the iEdge Singapore Next 50 Index rises 0.1% or 1.61 points to 1,448.61
Singapore stocks end slightly lower before festive break; STI down 0.06%
Navene Elangovan - Meanwhile, the iEdge Singapore Next 50 Index rises 0.1% or 1.61 points to 1,448.61
Malaysia's Petronas signs LNG supply deal with China's CNOOC
[KUALA LUMPUR] Malaysian state-owned energy firm Petroliam Nasional said on Wednesday (Dec 24) it would supply Chinese offshore oil and gas company...
South Korea pension fund initiates new round of strategic FX hedging to support won
The won sharply reversed course on the news to rally as much as 1.6% to 1,458.0 per dollar
