Morgan Stanley declares the end of the US recession and eyes early-cycle gains in 2026
Samantha Chiew - The US equity market has moved out of a three-year “rolling recession” and into the early stages of a new cycle that should favour laggards and small caps into 2026, says Mike Wilson, chief investment officer and chief US equity strategist at Morgan Stanley. Wilson argues that a capitulation in ...
Capturing the next wave of market breadth
Ann Miletti - The past year was marked by the resilience of equity markets in the face of heightened policy and geopolitical uncertainty. Despite volatility triggered by tariffs, elections, and shifting monetary policy, companies adapted swiftly. Although market breadth did improve, performance was heavily concen ...
Bank of Korea to hold internal meeting to discuss FX market on Friday
SEOUL, Dec 19 : The Bank of Korea will hold an internal meeting of the board members and senior officials to discuss foreign exchange rates on Friday, an official told Reuters. The Bank of Korea said in a Wednesday report that headline inflation next year could exceed earlier forecasts if t ...
Bank of Korea announces temporary measures to boost dollar supply in FX market
SEOUL, Dec 19 : South Korea's central bank announced on Friday temporary measures aimed at boosting dollar supply in the onshore foreign exchange market, in the latest policy efforts to contain sharp losses in the won currency.A Bank of Korea official also said that authorities were interven ...
Coliwoo disposes Pasir Panjang co-living space in S$43.9 million sale-and-leaseback deal
Therese Soh - It will sell its 80% stake in Coliwoo PP, which owns and manages Coliwoo Hotel Pasir Panjang
Coliwoo disposes Pasir Panjang co-living hotel space in S$43.9 million sale-and-leaseback deal
Therese Soh - Estimated net proceeds of S$15.3 million will be used to repay working capital loans owed to LHN Group and for general working...
Toyota aims to begin selling 3 US-made models in Japan from 2026
TOKYO, Dec 19 : Toyota Motor said on Friday that it aims to begin selling its U.S.-made Camry sedan, Highlander SUV and Tundra pickup truck in Japan starting next year as it hopes to help improve Japan―U.S. trade relations.The world's largest automaker was studying the possibility of ...
As SGX enters new growth phase, upbeat analysts raise target prices
Samantha Chiew - The Singapore Exchange (SGX) saw the bellwether Straits Times Index (STI) gaining 2.2% m-o-m, taking year-to-date calendar gains to 19% and total returns to 25% for November. Total traded value for securities rose 17.8% y-o-y, while total derivative contract volume dropped marginally by 0.7% y-o-y. ...
Broker's Digest: Hongkong Land, HRnetGroup, LHN, Singtel, Valuetronics, Centurion, Seatrium, Delfi
The Edge Singapore - Hongkong Land Holdings Price target: Morningstar ‘three stars’ US$7.40 A bigger stream of recurring income Kathy Chan of Morningstar has maintained her three-star rating on Hongkong Land Holdings and slightly raised her fair value to US$7.40 ($9.55) from US$7.10 after it announced plans for its ...
Coliwoo enters into sale and leaseback agreement for Coliwoo Hotel Pasir Panjang
Samantha Chiew - Recently listed co-living operator Coliwoo Holdings announced that it has entered into a sale and leaseback agreement involving the its 80% interest in its subsidiary, Coliwoo PP, which manages the Coliwoo Hotel Pasir Panjang, a co-living hotel property at 404 Pasir Panjang Road. Under the agreement ...
Singapore arrests former captain of alleged scam kingpin Chen Zhi’s yacht
Tang was the captain of a superyacht called NONNI II that Chen owned
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 ...
Japan bond yields jump after BOJ hike, Wall Street poised for gains
LONDON/SYDNEY, Dec 19 : Japanese government bond yields jumped and the yen weakened on Friday after the Bank of Japan raised interest rates to a three-decade high and left the door wide open to further tightening.Global stocks saw some gains, with European stocks edging 0.1 per cent higher but faile ...
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...
Nike’s China conundrum deepens as turnaround stagnates
Nike’s stock is down 13% so far this year, on track for a fourth straight year of declines
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
FedEx CEO’s sweeping network overhaul is starting to bear fruit
The shipping heavyweight raises the low end of its profit outlook for the year
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 ...
