Japanese yen rebounds from 18-month low against dollar
NEW YORK, Jan 14 : The Japanese yen rebounded from an 18-month low against the dollar on Wednesday as Japanese officials warned of potential intervention to shore up the currency, while the U.S. currency was modestly weaker against the euro as traders continued to evaluate likely Federal Reserve pol ...
Japan yen hits 18-month low; traders weigh up chances of intervention
LONDON, Jan 14 : The yen fell to its weakest level in a year-and-a-half against the dollar on Wednesday on speculation of a snap election that could pave the way for fiscal stimulus, prompting traders to consider the possibility that Japanese officials may step in to prop up the currency.The yen sli ...
Toyota raises offer for Toyota Industries by 15%
The tender price for group firm Toyota Industries was raised to 18,800 yen
China investigates Trip.com over alleged antitrust conduct
Regulator accuses the company of abusing its market position and engaging in monopolistic practices
China’s customs agents are told Nvidia’s H200 chips not permitted: sources
It is unclear whether the directives apply to existing orders for H200 chips, or only to new orders
Toku to raise $16.25 mil via IPO at 25 cents a share
Kwan Wei Kevin Tan - Cloud communications and customer experience platform Toku is seeking to raise $16.25 million via its initial public offering (IPO) placement of 65 million shares at 25 cents a share, the company announced on Jan 14. Toku was founded in 2018 by Thomas Laboulle, an infantry officer who served with th ...
Jollibee CFO says growth supports 2027 US listing of international arm
The international business accounts for 6,800 of 10,300 stores by the end of last year’s third quarter
Indonesia tech funding down 38% in 2025 as investors turn selective: report
Elisa Valenta - The funding slowdown coincides with the heightened scrutiny of Indonesia’s scandal-hit tech industry
Unlock Bukit Sembawang’s deep value by putting it up for sale
Leslie Yee - The group’s undervalued share price is unwarranted, given its rare landed housing landbank
Luxury retailer Saks Global files for bankruptcy after turnaround fails
US$1 billion debtor-in-possession financing, pending court approval, will fund Saks’ operations and turnaround
At least 32 killed after crane falls on train in Thailand
More than 60 people were hurt in the crash
At least 31 killed after crane falls on train in Thailand
More than 60 people were hurt in the crash
At least 25 killed after crane falls on train in Thailand
Some 80 people were hurt in the crash
FountainVest secures Italy's nod to buy major stake in EuroGroup Laminations
ROME, Jan 14 : Asian private equity firm FountainVest secured backing from the Italian government to buy a majority stake in electric motor component maker EuroGroup Laminations, a document seen by Reuters showed, part of a plan to take the company private.Shares in EuroGroup Laminations rose 7.4 pe ...
Indonesia scraps plan to introduce B50 biodiesel this year, will raise palm oil export levy
JAKARTA, Jan 14 : Indonesia has scrapped plans for a mandatory B50 grade of palm oil-based diesel this year and will stick with B40 owing to technical and funding concerns, government officials said on Wednesday.Indonesia had planned to launch the B50 grade - a blend of 50 per cent palm oil-based bi ...
Toyota agrees to hike offer for Toyota Industries by 15%
TOKYO, Jan 14 : Toyota Motor said on Wednesday it had agreed to raise its offer for group firm Toyota Industries to 18,800 yen ($118.11) per share as part of the plan to take the forklift maker private.The Japanese automotive giant had previously offered 16,300 yen per share in a deal announced in J ...
Steam engines behind German wage and innovation gaps 150 years on, study shows
BERLIN, Jan 14 : The steam engine is still shaping Germany's economy long after its invention with a new study saying areas that adopted the technology early still carry advantages, suggesting that early adoption of AI could bring similar benefits.Regions where steam engines were particularly w ...
Prudential taps ex-HSBC veteran Douglas Flint as chairman
Flint, who was chairman of HSBC until 2017, will replace Shriti Vadera and will join the board in March
Amazon to appeal against Italian antitrust fine, even after it was cut
ROME, Jan 14 : U.S. e-commerce giant Amazon said on Wednesday it would appeal against a decision by an Italian court that reduced a fine imposed by the country's antitrust regulator as it believes it should not be charged at all.On Monday, Italy's antitrust authority said it had reduced to ...
Amazon to appeal against Italian fine, even after it was cut, paper says
ROME, Jan 14 : U.S. e-commerce giant Amazon will appeal against a decision by an Italian court that reduced a fine imposed by the country's antitrust regulator as it believes it should not be charged at all, Italian daily MF reported on Wednesday. On Monday, Italy's antitrust authority sai ...
UOB Kay Hian initiates ‘buy’ on CAO with $2.09 TP on travel demand tailwinds and potential special dividend
Felicia Tan - UOB Kay Hian analysts Tang Kai Jie and John Cheong have initiated “buy” on China Aviation Oil (CAO) as they see the counter benefitting from the tailwinds of travel demand. “CAO is the largest physical jet fuel trader in Asia and is expected to be a key beneficiary of the sustained recovery in ...
China tightens margin financing requirements to cool red-hot stock market
The minimum margin requirement for new borrowings raised to 100% from 80%
Government rejects call for shorter COE renewal tenures
Derryn Wong - Shorter COE renewal duration will amplify peak and trough of cycles, says Acting Minister for Transport Jeffrey Siow
Tesla to offer self-driving software only on monthly basis from Feb 14, Musk says
Jan 14 : Tesla CEO Elon Musk said on Wednesday that the electric vehicle maker's full self-driving (FSD) software will only be available as a monthly subscription after February 14.Currently, Tesla allows its electic vehicle owners to purchase FSD (Supervised) for a one-time payment of $8,000 o ...
Singapore real estate pay gains beat US, Europe with 14% jump: report
Shikhar Gupta - Switching employers nets a 32% pay hike in Singapore, compared with 7% for those who stay put
DBS flags Singtel as top Asian telco pick on ROIC upside and possible Optus divestment
Nurdianah Md Nur - DBS Group Research is keeping Singapore Telecommunications (Singtel) as one of its top telco picks, maintaining its “buy” call with a target price of $5.71 as the industry shifts focus toward return on invested capital (ROIC) improvement across Asia. The analysts say Singtel’s share price in 2 ...
Private-hire drivers hit by Autobahn repossessions may lose rental deposits
Low Youjin - Senior Minister of State for Transport Sun Xueling says this is because the drivers are unsecured creditors
Maybank sees 20% upside to Soon Hock’s share price; starts counter at ‘buy’
Felicia Tan - Maybank Securities analyst Toh Xuan Hao has initiated coverage on Mainboard-listed Soon Hock Enterprise (SGX: SHE ) with a “buy” call as he sees several upsides to the counter. “Soon Hock is positioned as a top-five strata industrial developer in Singapore with over c.900 industrial and commer ...
Hour Glass co-founder Jannie Chan’s S$18.9 million debt dispute sent to trial
Tessa Oh - Earlier High Court decision set aside as judges find insufficient evidence to establish breach of fiduciary duty
Hour Glass co-founder Jannie Chan’s $18.9 million debt dispute sent to trial
Tessa Oh - Judges find evidence insufficient to establish breach of fiduciary duty
S$18.9m in claims against Hour Glass co-founder Jannie Chan’s bankruptcy estate sent to trial
Tessa Oh - Judges find evidence insufficient to establish breach of fiduciary duty
South Korean finance minister vows swift response to FX volatility
SEOUL, Jan 14 : South Korea will take steps to rein in increasing volatility in the foreign exchange market and find ways to resolve an imbalance in dollar demand and supply, the finance minister said on Wednesday. The won cut early losses to trade up 0.3 per cent at 1,475.0 versus the dollar, set t ...
South Korea finance minister vows swift response to FX volatility
SEOUL, Jan 14 : South Korea will implement measures to address increasing volatility in the foreign exchange market and find ways to resolve an imbalance in dollar demand and supply, the country's finance minister said on Wednesday. "Recently, despite record-high current account surpluses, ...
YZJ Maritime invests in 16 new vessels amid maritime asset portfolio expansion push
Chloe Lim - The orders are placed with three Chinese shipyards
