IREIT Global borrows EUR12.5 mil from CDL to fund transformation of Berlin Campus
Kwan Wei Kevin Tan - IREIT Global, a Europe-focused real estate investment trust (REIT) listed in Singapore, says it has secured a two-year EUR12.5 million ($18.9 million) term loan facility from City Development Limited’s wholly-owned subsidiary City Strategic Equity. According to a Dec 24 bourse filing, the loan wil ...
2025: The year AI came of age – and the questions ahead for 2026
The technology has moved from boardroom curiosity to balance sheet necessity
LG Energy Solution says unit to sell $2.86 billion US joint factory assets to Honda unit
SEOUL, Dec 24 : South Korea's LG Energy Solution said on Wednesday its unit is selling its Ohio factory building and assets valued at $2.86 billion to Honda Development and Manufacturing of America. The planned deal excludes land and equipment, and is meant to "improve joint ...
Retail investors to have more sway over Wall Street after record year
In 2025, retail traders shift to ETFs tracking equity indexes, crypto, and commodities
Nam Cheong sells vessel for US$20.5 million to Vietnam firm
Tessa Oh - The sale is expected to contribute positively to the group’s earnings for the financial year ending 2025
China's CNOOC makes second big oil find in Bohai Sea
[BEIJING] China’s oil major CNOOC Limited said on Wednesday (Dec 24) it has discovered an oilfield with proved in-place volumes exceeding...
Japan’s Eneos leads bids for Chevron’s Singapore oil refinery stake
The deal is expected to be nearing a conclusion
Japan's TEPCO to partially restart world's biggest nuclear power plant on January 20
TOKYO, Dec 24 : Tokyo Electric Power Co plans to restart the first unit of its Kashiwazaki-Kariwa nuclear power plant, the world's biggest, on January 20, TEPCO President Tomiaki Kobayakawa told reporters on Wednesday.This week, the prefecture assembly in Niigata, the region where the plant is ...
Japan's TEPCO to restart first unit at Kashiwazaki-Kariwa on January 20
TOKYO, Dec 24 : Tokyo Electric Power Co plans to restart the first unit at its Kashiwazaki-Kariwa nuclear power plant, the world's biggest, on January 20, TEPCO President Tomiaki Kobayakawa told reporters on Wednesday.This week, the prefecture assembly in Niigata, the region where t ...
Singapore shares slip before Christmas break; STI down 0.1%
Navene Elangovan - Meanwhile, the iEdge Singapore Next 50 Index rises 0.1% or 1.61 points to 1,448.61
Singapore stocks end slightly lower before festive break; STI down 0.06%
Navene Elangovan - Meanwhile, the iEdge Singapore Next 50 Index rises 0.1% or 1.61 points to 1,448.61
Malaysia's Petronas signs LNG supply deal with China's CNOOC
[KUALA LUMPUR] Malaysian state-owned energy firm Petroliam Nasional said on Wednesday (Dec 24) it would supply Chinese offshore oil and gas company...
S Korea pension fund initiates new round of strategic FX hedging to support won
The won sharply reverses course on the news to rally as much as 1.6% to 1,458.0 per dollar
South Korea pension fund initiates new round of strategic FX hedging to support won
The won sharply reversed course on the news to rally as much as 1.6% to 1,458.0 per dollar
Three years on, Malaysia’s growth buys time for PM Anwar as reforms drag
Tan Ai Leng - The divergence is increasingly shaping how investors, policymakers and voters judge his stewardship
Asian markets mostly up after US growth fuels Wall Street record
HONG KONG: Most Asian stocks rose on Wednesday (Dec 24) and gold topped US$4,500 for the first time as investors tracked a record on Wall Street following forecast-beating US economic growth data.Markets looked set to go into the Christmas break on a broadly positive note amid optimism for 2026, whi ...
Australian dollar climbs to highest since Oct 2024 on RBA bets
[CANBERRA] The Australian dollar climbed to its strongest in more than a year after traders ratchet expectations the Reserve Bank will quickly...
Asian markets mostly up after US growth fuels Wall St record
[HONG KONG] Most Asian stocks rose on Wednesday (Dec 24) and gold topped US$4,500 for the first time as investors tracked a...
South Korean court rejects injunction request to block Korea Zinc's share sale
SEOUL , Dec 24 : A South Korean court rejected an injunction requested by two major shareholders of Korea Zinc - MBK Partners and YoungPoong - that sought to block the zinc refiner's plan to issue new shares to help fund a $7.4 billion U.S. smelter project, a spokespe ...
CGS International maintains ‘add’ call for Seatrium at $2.67 TP after Maersk dispute resolution
Lin Daoyi - CGS International analysts have welcomed Seatrium’s “quick” resolution with Maersk Offshore Wind affiliate Phoenix II. In their flash note dated Dec 22, Lim Siew Khee and Meghana Kande reiterate their “add” call for Seatrium at an unchanged target price of $2.67. The note was issued before ...
Contract to run 26 bus services in Eunos and Serangoon up for bids
[SINGAPORE] Public transport operators have been invited to submit bids to run 26 public bus routes from June 2027 under the Serangoon-Eunos bus package.
Former lawyer M Ravi dies after being found unconscious; police investigating unnatural death
[SINGAPORE] Former lawyer Ravi Madasamy, better known as M Ravi, died in hospital after he was found unconscious in the early hours...
Former lawyer M Ravi dies aged 56; police investigating unnatural death
[SINGAPORE] Suspended activist lawyer Ravi Madasamy, better known as M Ravi, has been found dead in the early hours of Dec 24.
Bringing holiday cheer to gift-anxious consumers
Nicholas Kontopoulos - Amid the holiday rush in Singapore, digital patience is melting faster than snow on a warm sidewalk. A single lag or hiccup is enough to send shoppers clicking away in search of the path of least resistance to the perfect gift. This behaviour isn’t just anecdotal as Singapore consumers lead the re ...
Oil marginally lower as investors weigh US data, geopolitical tensions
HOUSTON, Dec 24 : Oil settled marginally lower on Wednesday, and prices were on course for their steepest annual decline since 2020 as investors weighed U.S. economic growth and assessed the risk of supply disruptions from Venezuela and Russia.Brent crude futures closed down 14 cents, or 0.2 per ...
Oil steady on US data, geopolitical tension
HOUSTON, Dec 24 : Oil prices were little changed on Wednesday, as investors weighed U.S. economic growth and assessed the risk of supply disruptions from Venezuela and Russia, though prices were on course for their steepest annual decline since 2020.Brent crude futures were down 23 cents, or 0.4 ...
Oil edges up on strong US economic growth, supply risks
Dec 24 : Oil prices posted modest rises on Wednesday, extending gains from the previous session, supported by robust U.S. economic growth and the risk of supply disruptions from Venezuela and Russia.Brent crude futures climbed 4 cents, or 0.06 per cent, to $62.42 a barrel by 0117 GMT, while U.S. ...
S&P 500, Dow hit all-time closing highs; gold, silver touch records
NEW YORK, Dec 24 : The S&P 500 and the Dow Jones Industrial Average ended at record closing highs on Wednesday, while gold held just below the $4,500 mark by the conclusion of a light-volume, truncated Christmas Eve session.All three major U.S. stock indexes ended the session in positive terr ...
Global shares hover near record highs; gold, silver scale new highs
LONDON, Dec 24 : Global shares steadied near record highs on Wednesday, capping a year of brisk artificial intelligence-driven gains, while commodities, such as gold and silver, extended their bullish run to new all-time highs as 2025 draws to a close. Overnight on Wall Street, the S&P 500 no ...
Stocks up as markets wind down to bumper year; gold and silver smash records
SYDNEY, Dec 24 : Asian shares advanced on Wednesday, capping a year of brisk artificial intelligence-driven gains, while commodities such as gold and silver extended their bullish run to new all-time highs as 2025 draws to a close. Overnight on Wall Street, the S&P 500 notched a closing recor ...
Hongkong Land should do a listed Reit with its Singapore commercial properties instead of a private fund
Leslie Yee - Establish a permanent platform that can grow
Singapore F&B players see stronger festive demand, but retailers report uneven spending
Paige Lim - Hotels and restaurants have not had cutbacks in festive spending despite the challenging economic environment
From sourdough bao to pet first aid: Heartland SMEs in Ang Mo Kio reimagine tradition
Deon Loke - They are participants in Sprout@AMK, a 12-month pilot designed to help enterprises test new concepts before scaling up
Waymo to update software after San Francisco power outage snarls self-driving vehicles
WASHINGTON, Dec 23 : Alphabet unit Waymo said on Tuesday it will update software used to operate its self-driving vehicles and improve its emergency response protocols after its robotaxis stalled in parts of San Francisco on Saturday due to a widespread power outage that snarled traffic and grid ...
