Stocks to watch: Golden Agri, YZJ Maritime, Centurion Accommodation Reit, Acrophyte Hospitality Trust, UltraGreen.ai
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Dec 10):
AI memory chipmaker SK Hynix weighs New York stock listing
The stock has surged about 240% so far this year
Tencent goes hands-on to reshape US$10 billion global games empire
[BEIJING] This year, Tencent Holdings’ gaming business scored record sales, defying an industry slowdown with international hits such as zombie horror Dying...
Fed chair front-runner Hassett says ‘plenty of room’ to cut rates
[WASHINGTON] White House economic adviser Kevin Hassett, the front-runner to be the Federal Reserve’s next chair, told the WSJ CEO Council on...
Acrophyte Hospitality Trust to sell Hyatt Place Detroit Livonia for US$10 mil, 2.9% below valuation
Jovi Ho - Acrophyte Hospitality Trust, formerly known as ARA US Hospitality Trust, is divesting Hyatt Place Detroit Livonia for a consideration of US$10.0 million ($12.97 million), 2.9% below its last valuation of US$10.3 million at July 31. In a Dec 10 bourse filing, the manager of Acrophyte Hospitality Trus ...
Britons watch YouTube for 51 minutes a day, regulator Ofcom says
LONDON, Dec 10 : Britons watched YouTube on average for 51 minutes a day in 2025 on smartphones, tablets and PCs, regulator Ofcom said, noting that services from its owner Alphabet and from Meta account for more than half of all time spent online.Adults spend an average of four and a half hours onli ...
Samsung SDI unit signs $1.4 billion LFP battery deal for US customer
SEOUL, Dec 10 : South Korea's Samsung SDI said on Wednesday that its unit Samsung SDI America has signed a deal to supply lithium iron phosphate (LFP) batteries to a U.S. energy infrastructure development and operations company.The contract is valued at more than 2 trillion won ($1.36 billion), ...
Samsung SDI's US unit signs $1.4 billion LFP battery deal for US customer
SEOUL, Dec 10 : South Korea's Samsung SDI said on Wednesday that its unit Samsung SDI America has signed a deal to supply lithium iron phosphate (LFP) batteries to a U.S. energy infrastructure development and operations company.The contract is valued at more than 2 trillion won ($1.36 billion), ...
Trump says he has ‘good idea’ of who he wants for Fed chair
PRESIDENT Donald Trump said he will be looking at a couple of candidates to chair the Federal Reserve, after the Financial Times...
US bank regulator says banks can act as crypto intermediaries
Critics say such changes have made the traditional financial sector and the loosely-regulated and volatile world of cryptocurrencies more interconnected
US-Indonesia trade deal faces risk of collapse, FT reports
Dec 9 : Indonesia's trade deal with the United States is in danger of collapsing, with U.S. trade representative Jamieson Greer believing Jakarta is "backtracking" on several commitments it made, the Financial Times reported on Tuesday, citing unnamed sources.Indonesian officials told ...
Wells Fargo expects more job cuts, will roll out AI gradually in 2026
The bank has a little over 210,000 employees as of Sep 30, 2025
South Korea jobless rate edges up to 2.7% in Nov
SEOUL, Dec 10 : South Korea's unemployment rate rose in November to 2.7 per cent on a seasonally adjusted basis, from 2.6 per cent in October, official data showed on Wednesday.
Should CapitaLand Ascendas Reit rejig its portfolio further in favour of data centres and life sciences assets?
Jessie Lim - With the Reit in a prime position to capitalise on its advantage in such assets, this is the right time to seize...
Should you drop your Integrated Shield Plan? This health scare offers insights
Genevieve Cua - A HEATLTH scare that my husband suffered last month surfaced some perspectives on why a significant number of people, particularly seniors, may...
Modest HDB resale price growth expected in 2026 amid rising supply
Chong Xin Wei - Analysts project resale prices of Housing & Development Board flats to rise by 1-5%
Global trade set to top US$35 trillion in 2025: UN
Manufacturing grew 10 per cent over the last four quarters compared to the previous four, led by electronics linked to AI
Markets anxious over Japan's risk of 'negative spiral,' top bank MUFG exec says
TOKYO, Dec 10 : Markets are increasingly worried about Japan's "tail risk" of slipping into a negative spiral, where monetary tightening lags inflation and a weak yen pushes prices higher, the markets chief at top lender Mitsubishi UFJ Financial Group said.Markets have priced in a 90 ...
World watches first teen social media ban kick off in Australia
Policymakers in Indonesia, Denmark, Brazil and other nations are also moving to rein in Big Tech
Disney nominates former Apple COO to its board
Dec 9 : Disney said on Tuesday it has nominated former Apple Chief Operating Officer Jeff Williams as an independent director candidate for election at its 2026 annual shareholders' meeting.The total size of Disney's board will increase to 11 members, effective as of the election of direct ...
SpaceX to pursue 2026 IPO raising far above US$30 billion
The Elon Musk-led company is targeting a valuation of about US$1.5 trillion for the entire company
Swatch and Citizen face Italian scrutiny over pricing practices
[MILAN] The Italian competition authority said on Tuesday it had opened two investigations into Swiss watchmaker Swatch and Japan’s Citizen Watch.
Global airlines set for record US$41 billion net profit next year: Iata
[GENEVA] Global airline trade body Iata said on Tuesday the airline sector would post record profits next year despite ongoing supply-chain issues...
Trading Day: Nervy Fed vigil almost over
Microsoft makes US$17.5 billion pledge for AI cloud in India
The country is also home to some of the world’s largest technology services companies, such as Tata Consultancy Services and Infosys
Oil settles down 1%, focus on Russia-Ukraine peace talks, Fed
[NEW YORK] Oil prices edged lower on Tuesday after falling 2 per cent in the previous session, with investors keeping a close eye...
GameStop quarterly revenue misses estimates amid struggles with digital pivot
Dec 9 : GameStop posted third-quarter revenue below analysts' estimates on Tuesday, as the video game retailer struggles to gain ground following its pivot to digital downloads and streaming, sending its shares down 5.8 per cent in after-hours trading.The Grapevine, Texas-based company, once a ...
Commentary: The Netflix age has been great for consumers but terrible for artists
While Netflix and Paramount compete to acquire Warner Bros, returns to musicians and writers are dwindling fast in the streaming age, says the Financial Times’ Stephen Bush.
Europe shares subdued with Fed meeting in focus; EssilorLuxottica falls
EUROPEAN shares ended flat on Tuesday as investors stayed cautious going into the US Federal Reserve’s two-day policy meeting, while EssilorLuxottica slumped after...
US stocks close mixed as investors await Fed rate decision
THE S&P 500 ended Tuesday’s session slightly lower as investors anticipated that the Federal Reserve would take a hawkish tone even if...
Hinge CEO McLeod stepping down to lead Match Group-backed AI dating startup
Dec 9 : Match Group said on Tuesday that Hinge founder and CEO Justin McLeod will step down to launch Overtone, an AI-powered dating venture backed by the company, signaling a major bet on artificial intelligence.Jackie Jantos, currently Hinge's president and chief marketing officer, will take ...
Hinge CEO Justin McLeod to leave company, Match Group says
Dec 9 : Online dating app Hinge's CEO, Justin McLeod, is stepping away from the company to launch a new standalone AI-driven venture called Overtone, parent company Match Group said on Tuesday.As part of the transition, Hinge's president and chief marketing officer, Jackie Jantos, has been ...
Activist investor Jana Partners pushes Alkami Technology to explore sale, Bloomberg News reports
Dec 9 : Activist investor Jana Partners has urged Alkami Technology, a fintech provider for banks and credit unions, to explore a sale to a rival or private equity firm, Bloomberg News reported on Tuesday.The company was trading at a "substantial discount" with its stock falling 40 per cen ...
US bank executives say AI will boost productivity, cut jobs
NEW YORK, Dec 9 : U.S. banks including JPMorgan Chase and Wells Fargo said artificial intelligence will boost productivity at their companies and likely cause job losses. JPMorgan Chase's consumer and community banking chief Marianne Lake said at the Goldman Sachs financial services ...
