Citi cuts bitcoin, ether forecasts as ETF flows turn negative
July 1 : Citigroup slashed its 12-month forecasts for bitcoin and ether, saying weakening investor appetite, negative exchange-traded fund flows and a lack of progress on U.S. digital asset legislation have hurt the outlook for the two largest cryptocurrencies. The brokerage, in a note dated Tuesday ...
PM Wong to visit Timor-Leste in first for Singapore prime minister
Goh Ruoxue - He will receive country’s highest honour from its president
Vertiv opens Malaysia plant to meet AI data centres’ power needs
It will keep clients’ data centres running in South-east Asia, North Asia, Australia and New Zealand
Nvidia chips case: 4 firms charged over false representation accusations; S$56 million in assets seized
Three individuals reportedly linked to the case were charged with offences including fraud and money laundering
Global AI wave revs up Asian factories, offsetting war-induced pain
This offers some relief for the region’s export-reliant economies
Global M&A tops US$2.5 trillion after first-half deals surge
Dealmakers may surpass the US$5 trillion record haul achieved in 2021
Weaker jobs outlook dims HDB resale market as prices, volume slip further in Q2
Chong Xin Wei - Price declines spread across more HDB towns, although million-dollar resale flat deals continue to climb
OCBC aims to transform customer journeys with Avatar Banking
The Edge Singapore - As part of OCBC's group CEO Tan Teck Long’s Next Frontier strategy, its consumer banking wealth management segment aims to onboard 600 relationship managers (RM) within three years. According to Sunny Quek, group managing director, head, global consumer financial services at OCBC, each RM is ...
Nio delivers 40,597 vehicles in June, up 62.9% year on year
Chloe Lim - Cumulative deliveries pass 1.1 million as at Jun 30, 2026
Indonesia’s inflation rate hits three-month high of 3.34% in June
Higher fuel, logistics, and a weaker rupiah push up transportation costs and some food prices
Japan FX diplomat says intervention effective, US 'supportive', Bloomberg News reports
TOKYO, July 1 : Japan's top currency diplomat said the country's intervention in the currency market two months ago to support the yen had been effective, and that some U.S. officials had been "supportive" of the move, Bloomberg News reported on Wednesday."Judging from how t ...
China stocks rise on robust factory activity data, Xi’s speech
Tech shares surge, continuing their outperformance against traditional sector stocks
Southern Alliance Mining taps Malaysian national agency expertise for gold mining
Lin Daoyi - The prospects of striking gold for Southern Alliance Mining (SAM) have received a boost, with the mining company set to enhance its gold prospecting capability. Under a Memorandum of Understanding (MoU) signed between SAM subsidiary Selatan Anjung Minerals and the Department of Mineral and Geoscienc ...
Indonesia's June annual inflation accelerates to 3.34%
JAKARTA, July 1 : Indonesia's annual inflation rate accelerated to 3.34 per cent in June from 3.08 per cent the previous month, data showed on Wednesday, higher than the median forecast in a Reuters poll and moving closer to the top end of the central bank's target range.The poll had expec ...
OCBC rolls out AI-native banking, to hire 600 relationship managers in wealth push
Tan Nai Lun - Its new app uses AI-powered digital avatars to deliver personalised wealth insights to affluent clients
Analysis:In a warning sign, analysis shows publicly traded credit funds are unprofitable
LONDON, July 1 : The majority of publicly traded business development companies (BDCs) — the visible part of the private credit market — have turned unprofitable due to falling asset values and rising costs, a Reuters analysis shows, in the latest sign of pressure building in this highly leverag ...
Yen’s historic slump defies the rates rulebook, says Mizuho
Investors cannot assume that rising Japanese yields imply a stronger currency, says the bank
Thailand approves $210 million Mazda-Ford AutoAlliance investment
BANGKOK, July 1 : Thailand's investment board approved a 7 billion baht ($210 million) investment from the Mazda-Ford AutoAlliance joint venture, it said on Wednesday.Mazda's investment will improve its production line by using automation and robotics in key processes such as chassis weldi ...
Singapore seeks feedback on Bill to regulate major data centres, cloud service providers
Low Youjin - The draft Bill proposes new resilience, security and energy efficiency requirements for major operators
Asian airlines’ Europe windfall fades as Gulf rivals rebound
Shift back to Gulf airlines has been gradual rather than pronounced, data shows
Companies roll out AI agents faster than they can redesign jobs: reports
Nurdianah Md Nur - Companies are putting artificial intelligence (AI) into core business processes and expecting it to take a greater role in decisions, but few say they have achieved their main goals from the technology. A Kyndryl survey of 1,100 senior business and technology leaders reveals that 57% of organisation ...
Maybank lowers STI target to 5,500 points following market EPS downgrades
Felicia Tan - Maybank Securities analyst Thilan Wickramasinghe has lowered its year-end target for the Straits Times Index (STI) to 5,500 points from 5,600 points previously, after the consensus downgraded its earnings per share (EPS) estimates by 2% due to higher energy costs. That said, he believes the index’ ...
Frasers Centrepoint Trust to sell White Sands mall for S$467 million
The net proceeds will go towards repaying debt and strengthening FCT's financial position for "future growth opportunities", said Frasers Centrepoint Asset Management.
UOB tests quantum computing for derivatives valuation
Nurdianah Md Nur - UOB is collaborating with Singapore's Centre for Quantum Technologies (CQT) to assess how quantum-computing methods could improve the valuation of complex financial derivatives. The initial work will focus on path-dependent instruments, whose values are determined by multiple market variables a ...
SK, KKR to launch South Korea renewable energy venture valued at $1.3 billion
SEOUL, July 1 : Private equity firm KKR and South Korea's SK Inc said on Wednesday they will launch the country's largest renewable energy platform, valued at 2 trillion won ($1.3 billion), to help meet rising clean-power demand from AI data centres and chip plants. The platform will combi ...
The billion-dollar question Singapore Airlines shareholders should ask during its AGM
Tay Peck Gek - More clarity on the board’s approach to the investment in Air India would be welcome
Iran war delivers massive swings in Chinese petrochemicals trade
Amid loss of feedstock from the Persian Gulf, Asian petrochemical importers tapped China, which has massive stockpiles
Yen sinks to four-decade low as US dollar gets yields boost
The greenback rises to a fresh top of 162.77 yen in the early Asian session
Maybank's Seet calls recent pullback in Addvalue Technologies an 'attractive' accumulation opportunity
The Edge Singapore - Jarick Seet of Maybank Securities has maintained his "buy" call and 34 cents target price on Addvalue Technologies, which is riding on the big new growth theme of space and communications. He notes that Addvalue's share price has seen some pullback after SpaceX's mega listing in ...
Share and bond markets turn cautious in Asia, yen on ropes
SYDNEY, July 1 : Asian share markets started the new quarter in a cautious mood on Wednesday as talks between the United States and Iran hit new hurdles, while investors were on alert for possible Japanese intervention as the yen plumbed fresh 40-year lows.Tehran said on Tuesday it would not meet wi ...
Maybank's Liu, citing 'meaningful' growth from new central kitchen, raises target price for Sats to $5.09
The Edge Singapore - Liu Miaomiao of Maybank Securities, citing greater confidence in management's ability to deliver its FY2029 financial targets as multiple growth drivers become increasingly visible, has raised her target price for Sats from $4.52 to $5.09. From her perspective, the stronger growth prospects war ...
Jardine Matheson taps ex-Indonesian fund CIO as country head
Christopher Ganis, former Indonesia Investment Authority chief investment officer, assumes the new role on Jul 1
Exclusive-Kawasaki Heavy plans to raise $1.2 billion through new shares, CBs, sources say
TOKYO, July 1 : Japan's Kawasaki Heavy Industries is finalising plans to raise about 200 billion yen ($1.23 billion) by issuing new shares and convertible bonds to fund capital expenditure, according to two sources familiar with the matter. The company will decide on the issuance as soon as thi ...
Exclusive-Kawasaki Heavy plans to raise $1.2 billion via new shares and convertible bonds, sources say
TOKYO, July 1 : Japan's Kawasaki Heavy Industries is finalising plans to raise about 200 billion yen ($1.23 billion) by issuing new shares and convertible bonds to fund capital expenditure, according to two sources familiar with the matter. The company will decide on the details of the issuance ...
