Asia stocks join Wall St rally, brace for BOJ hike
SYDNEY, Dec 19 : Asian share markets rebounded on Friday as a turnaround in tech lifted Wall Street, leaving investors counting down to a likely hike in interest rates from the Bank of Japan that could cause waves for currencies and bonds.Sentiment also got a boost from a shock slowdown in U.S. c ...
Asia stocks rally with Wall Street, Japan raises rates
SYDNEY, Dec 19 : Asian share markets held Wall Street-driven gains on Friday while the yen eased after the Bank of Japan raised interest rates to a three-decade high and left the door wide open to further tightening.The decision to lift rates to 0.75 per cent had been widely anticipated and the k ...
Stoneweg Europe Stapled Trust divests office asset in Italy for 34 million euros
Chloe Lim - Following the divestment, the trust’s exposure to Italy will fall from 18% to 17%
Stocks to watch: Stoneweg Europe Stapled Trust, Coliwoo
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Dec 19):
Stoneweg Europe Stapled Trust sells Rome property for €34.0 million
The Edge Singapore - Stoneweg Europe Stapled Trust has sold an office property in Rome for €34.0 million, or some $51.0 million, as part of its "disciplined" capital recycling moves to reduce exposure in this asset class while betting more on logistics and light industrial properties. The property, called Ma ...
Stoneweg Europe Stapled Trust sells Rome property for EUR34.0 million
The Edge Singapore - Stoneweg Europe Stapled Trust has sold an office property in Rome for EUR34.0 million, or some $51.0 million, as part of its "disciplined" capital recycling moves to reduce exposure in this asset class while betting more on logistics and light industrial properties. The property, called Ma ...
JPMorgan bullish on Singapore stocks amid expected Asean rebound, names 7 top picks
Shikhar Gupta - The city-state’s rally has a ‘long way to go’, says the bank, which is also ‘overweight’ on Vietnamese equities
BNY deepens AI, digital asset embrace as it enters next phase: CEO Robin Vince tells BT
Natalie Koh - The New York-based bank has invested heavily in AI and culture transformation and is ready for its next phase of change, says...
Japan's core inflation steady in November, stays above BOJ target
TOKYO, Dec 19 : Japan's core consumer prices rose 3.0 per cent in November from a year earlier, data showed on Friday, staying above the central bank's 2 per cent target for the 44th straight month.The outcome reinforces market expectations the Bank of Japan will raise interest rates to ...
Nike reports sales beat overshadowed by Converse, China slumps
NIKE posted better-than-expected sales in the latest quarter, showing progress in its turnaround efforts, but weakness persisted in China and the Converse...
TikTok says it signed agreements to create new US joint venture
TIKTOK chief executive officer Chew Shou Zi told employees that the social media app’s parent company, ByteDance, signed binding agreements to create...
BlackBerry lifts lower end of annual revenue forecast on cybersecurity demand
Dec 18 : BlackBerry on Thursday raised the lower end of its fiscal 2026 revenue forecast, signalling strong demand for its cybersecurity software as companies ramp up spending to counter increasingly sophisticated cyber attacks.This comes as rising digital threats and the growing complexity ...
TikTok signs deal to sell US unit to American investor-led venture
WASHINGTON, Dec 18 : TikTok's Chinese owner, ByteDance, signed binding agreements with three major investors to sell just over 80 per cent of the company's U.S. assets to American and global investors to avoid a U.S. government ban, TikTok CEO Shou Zi Chew told employees on Thursday.The ...
BNY to move Singapore offices to Marina One East Tower
Natalie Koh - Investments into new spaces with better amenities are part of the bank’s transformation process that started in 2022
US Energy Department taps Big Tech for AI-powered research push
THE US Department of Energy said on Thursday it has signed agreements with 24 organisations, including tech giants such as Microsoft, Google...
US Fed’s Goolsbee welcomes latest inflation data, says more rate cuts may loom
FEDERAL Reserve Bank of Chicago President Austan Goolsbee said on Thursday fresh inflation data is “good” and if it can be sustained...
China's ByteDance signs deal to form joint venture to operate TikTok US app
The deal would end years of efforts to force the app's Chinese parent ByteDance to divest its US business over national security concerns.
Instacart to pay US$60 million to settle FTC claims it deceived shoppers
INSTACART has agreed to pay US$60 million in refunds to settle the US Federal Trade Commission’s allegations that the online grocery delivery...
FedEx posts higher quarterly results, raises low end of full-year profit forecast
It lifted its 2026 revenue outlook, calling for 5 to 6 per cent year-over-year growth
Bank of Japan set to raise interest rates to 30-year high
TOKYO, Dec 19 : The Bank of Japan is set to raise interest rates on Friday to a three-decade high and signal its readiness to eye further hikes beyond next year, underscoring its conviction that sustained wage gains will keep inflation durably around its 2 per cent target.While a hike still keeps ...
Bank of Japan raises interest rates to 30-year high, signals more hikes
TOKYO: The Bank of Japan raised interest rates on Friday (Dec 19) to levels unseen in three decades and signalled its readiness for further hikes, taking another landmark step in ending decades of huge monetary support and near-zero borrowing costs.The move underscored the central bank's convic ...
Oil prices settle slightly higher as market assesses mounting supply risks
[HOUSTON] Oil prices settled marginally higher on Thursday as investors assessed the likelihood of further US sanctions against Russia and the supply risks posed...
European shares gain after US inflation data, ECB rate decision aids investor optimism
EUROPEAN shares made broad-based gains on Thursday, with lower-than-expected US inflation strengthening hopes for Federal Reserve interest rate cuts in 2026 and the European Central...
US stocks close higher fuelled by tech rally, soft inflation data
WALL Street’s main indexes closed higher on Thursday as a soft inflation report fed expectations for interest rate cuts by the Federal...
Nike edges past quarterly revenue expectations on resilient demand
Dec 18 : Nike on Thursday edged past market expectations for quarterly revenue, helped by resilient demand for its running shoes amid a big marketing push to fend off stiff competition from upstart brands in North America.The company reported second-quarter revenue of $12.43 billion, compared wit ...
US Energy Department signs AI collaboration deals with Big Tech for Genesis Mission
Dec 18 : The U.S. Department of Energy said on Thursday it has signed agreements with 24 organizations, including tech giants such as Microsoft, Google and Nvidia, to advance the Genesis Mission. The mission is a national program aimed at using artificial intelligence to accelerate scientific res ...
Italy's Nexi rejects TPG offer for digital banking assets
Dec 18 : Italian fintech company Nexi said on Thursday it will not proceed with U.S. private equity fund TPG's offer to buy its digital banking unit."Following the analysis carried out and after careful consideration, the board resolved not to proceed with the proposed transaction," N ...
Instacart to pay $60 million to settle FTC claims it deceived shoppers
Dec 18 : Instacart has agreed to pay $60 million to settle the U.S. Federal Trade Commission's allegations that the online grocery delivery platform deceived consumers about its Instacart+ membership and free delivery offers, according to court documents filed in San Francisco on Thursday.Insta ...
US energy regulator directs PJM to launch rules on AI connections
WASHINGTON, Dec 18 : The U.S. energy regulator on Thursday directed the largest U.S. grid operator, PJM Interconnection, to establish rules on the connection of artificial intelligence-driven data centers and other large electricity loads located next to power plants. Backers of AI and other faci ...
Mexico's antitrust commission resolves Android competition case, orders Google to drop restrictions
MEXICO CITY, Dec 18 : Mexico's antitrust commission said on Thursday it had resolved a case over a lack of competition in the mobile operating system market stemming from business practices related to Android.As part of the ruling, the commission said Google will eliminate certain contractual ...
Mexico antitrust body says Google cannot impose use of Android on mobile device manufacturers
SpaceX loses contact with Starlink satellite after mishap
Dec 18 : SpaceX's Starlink said one of its satellites experienced an anomaly in space on Wednesday that created a "small number" of debris and cut off communications with the spacecraft at 418 km (259.73 miles) in altitude, a rare kinetic accident in orbit for the satellite internet g ...
Lawmakers raise concerns about Echostar deals to sell wireless spectrum to AT&T, SpaceX
WASHINGTON, Dec 18 : Two Democratic lawmakers on Thursday raised concerns about EchoStar's deals to sell key spectrum to AT&T and SpaceX for $40 billion, saying it could shrink competition in wireless and satellite markets.Senator Elizabeth Warren and Representative Greg Casar urged the Fed ...
Wall Street opens higher as inflation eases; forecast boosts Micron
[NEW YORK] Wall Street’s main indexes opened higher on Thursday (Dec 18) after softer-than-expected inflation data boosted expectations for more interest rate...
