Singapore’s V Medical Aesthetics said to mull IPO in Malaysia
Bloomberg - Singapore-based V Medical Aesthetics Group is exploring an initial public offering in Malaysia that could value the company at as much as 6 billion ringgit ($1.81 billion), according to people with knowledge of the matter. V Medical Aesthetics is working with financial advisers on the potential fi ...
Asia: Markets mixed as traders digest Fed’s hawkish pivot
EQUITIES fluctuated on Friday (Dec 20) and the US dollar maintained its gains against its peers as investors assessed the fallout from...
Walmart says it will miss climate targets as green challenges mount
Bloomberg - Walmart, the world’s largest retailer, expects to miss short-term climate targets as issues including the availability of low-cost clean technologies slow the task of cutting emissions. Previous pledges to reduce operational greenhouse gas emissions by 65% by 2030 and 35% by 2025 are probably not ...
South-east Asia startups missing out on region’s AI-fuelled tech boom
Investors are wary about betting on unproven entities, with funding for such businesses at just US$1.7 billion this year
Extraordinary year for gold coming to extraordinary end: Julius Baer
Khairani Afifi Noordin - The short-to-medium-term US economic outlook might bring more headwinds than tailwinds for gold, extending the current consolidation, says Julius Baer next generation research head Carsten Menke. On Wednesday, the US Federal Reserve (Fed) lowered the benchmark interest rate for a third consecutive ...
Gold set for weekly drop; market awaits more US data for economic cues
GOLD prices were poised for a weekly fall on Friday (Dec 20) after the Federal Reserve’s verdict on its monetary policy-easing cycle...
South Korea to ease FX regulations to improve liquidity conditions
SEOUL : South Korea's financial authorities said on Friday they would loosen foreign exchange regulations to improve liquidity conditions in the currency market, as the won traded at a 15-year low. "Strict regulations restrain the efficiency of foreign exchange management, and there is a n ...
China leaves benchmark lending rates unchanged in December
SHANGHAI: China left its benchmark lending rates unchanged at the monthly fixing on Friday (Dec 20), matching market expectations, as falling yields, shrinking net interest margins and a weakening yuan create limits for immediate monetary easing. The one-year loan prime rate (LPR) was kept at 3.10 p ...
Italy probes CK Hutchison unit on tax in 3.4 billion euros asset sale
CK HUTCHISON’s Italian telecommunications unit is the target of a probe alleging that it evaded taxes during a 3.4 billion euros (S$4.8...
Bitcoin pullback deepens after token's record-breaking rally
Bloomberg - A Bitcoin slide from a record high earlier this week extended to more than 10% at one point, as reduced scope for looser US monetary policy crimped speculative zeal. The price of the original cryptocurrency dropped as low as US$95,564 on Thursday, two days after setting an all-time peak just above U ...
Singapore shares open lower on Friday; STI down 0.5%
SINGAPORE stocks opened lower on Friday (Dec 20), following another downbeat session on Wall Street as the US Federal Reserve’s hawkish pivot...
Singapore shares close lower as STI continues to falter, down 1.1 per cent
Benjamin Cher - Across the broader market, decliners outnumber advancers 308 to 204
Singapore shares mirror regional declines; STI down 1.1%
Benjamin Cher - Across the broader market, decliners outnumber advancers 308 to 204
Kadokawa shares set to tank after Sony talks end in raised stake, not acquisition
TOKYO : Shares of Japan's Kadokawa were set to fall by their daily limit on Friday after the media powerhouse behind the "Elden Ring" game announced a capital tie-up with Sony instead of a widely anticipated acquisition.The two companies said on Thursday that Sony would invest about 5 ...
As TikTok runs out of options, this billionaire has a plan to save it
TikTok hopes Supreme Court will halt ban at final hour
Pop Mart's 370% surge is aided by fever for Labubu dolls
Bloomberg - In a Vanity Fair video last month, Lisa, a member of mega K-pop band Blackpink, shared her obsession with toys from Chinese company Pop Mart International Group. “I go crazy. It’s like I spent all my money,” she laughed, unboxing dolls from the toymaker’s PUCKY Roly Poly Kitty series. “I ...
FedEx to spin off its freight trucking business
FEDEX announced the much-anticipated spinoff of its freight trucking division on Thursday (Dec 19), as it restructures operations to focus on its...
UK car manufacturing hits 44-year low in November, industry data shows
UK CAR manufacturing hit its lowest November output since 1980, as the industry grapples with the shift to zero-emission vehicles and rising...
Elite UK Reit divesting property in England for £1.6 million
Therese Soh - The vacant asset St Paul’s House is in Chippenham
Nvidia’s Vietnam deal: a game changer or just noise?
IN VIETNAM, Google Trends – a feature that shows what people are searching for online in real-time – is usually dominated by...
Cromwell E-Reit divests 2 office assets in Italy for 20.9 million euros
Chloe Lim - This increases the Reit’s exposure to the logistics and light industrial sector
Stocks to watch: CDLHT, Cromwell E-Reit, CLI, Clas, IReit Global, Elite UK Reit
Michelle Zhu - THE following companies saw new developments that may affect the trading of their securities on Friday (Dec 20):
Why efficient cross-border payments are key to growing your global business
The Edge Singapore - The digital economy is poised to become a cornerstone of global growth. Forrester projects the global digital economy to reach US$16.5 trillion ($22.08 trillion) and capture 17% of global GDP by 2028. Southeast Asia and the Middle East are expected to be among the fastest-growing regions, with repor ...
Elite UK REIT makes third divestment at a premium in three months
The Edge Singapore - Elite UK REIT plans to sell a property for £1.6 million - its third divestment announced in three months - and will use net proceeds to pare debt. The property is called St Paul’s House and is at Chippenham and is now vacant, says the REIT on Dec 20. The sale will be at a premium of 18.5% over ...
Elite UK REIT makes third divestment in three months
The Edge Singapore - Elite UK REIT has sold a property for £1.6 million - - its third divestment in three months - and will use net proceeds to pare debt. The property is called St Paul’s House and is at Chippenham and is now vacant, says the REIT on Dec 20. Most recently, on Nov 27, the REIT divested Hilden House ...
CEREIT divests two office properties in Italy for €20.9 million
The Edge Singapore - Cromwell European Real Estate Investment Trust (CEREIT) has sold two office properties in Italy for €20.9 million ($29.6 million), which is at a blended 7.7% premium to the latest valuations. One of the divested offices is in Venice and the other is in Florence. Proceeds from the divestments will ...
CEREIT divests two office properties in Italy for EUR20.9 million
The Edge Singapore - Cromwell European Real Estate Investment Trust (CEREIT) has sold two office properties in Italy for EUR20.9 million ($29.6 million), which is at a blended 7.7% premium to the latest valuations. One of the divested offices is in Venice and the other is in Florence. Proceeds from the divestments will ...
Nike results beat low expectations; CEO warns turnaround will be a slog
NIKE’S results beat modest estimates on Thursday (Dec 19) and its shares jumped briefly, but the company soon dashed investor hopes and...
Japan's core inflation accelerates, keeps BOJ rate-hike chance alive
TOKYO: Japan's core inflation accelerated in November as rising food and fuel costs hit households, data showed on Friday (Dec 20), keeping the central bank under pressure to raise interest rates. The data, which came in the wake of the Bank of Japan's decision to maintain interest rates a ...
China’s ‘old shop’ jeweller bucks slowdown with 437% stock rally
IF ANYTHING glitters in China’s otherwise dour retail jewellery landscape, chances are it just might be from Laopu Gold.
Losses from crypto hacks jump to US$2.2 billion in 2024: report
FUNDS stolen by hacking cryptocurrency platforms surged 21 per cent from a year ago to US$2.2 billion in 2024, a report from...
Russia conducted mass cyberattack on Ukraine's state registries, deputy PM says
:Russia has carried out a mass cyberattack on Ukraine's state registries, Ukrainian Deputy Prime Minister Olha Stefanishyna said late on Thursday, resulting in a temporary suspension of services.The registries contain vital information about Ukrainian citizens such as births, deaths, marriages ...
Russia conducted mass cyber attack on Ukraine's state registries, deputy PM says
Russia has carried out a mass cyber attack on Ukraine's state registries, Ukrainian Deputy Prime Minister Olha Stefanishyna said late on Thursday."Today the largest external cyber attack in recent times occurred with Ukraine's state registries," Stefanishyna wrote on Facebook. &q ...
Oil drops as dour economic outlook adds to oversupply concerns
OIL prices fell on Thursday (Dec 19) after central bankers in the US and Europe signalled caution over further easing of monetary...
