US dollar slips as dovish Fed comments weigh; yen falls
NEW YORK :The U.S. dollar dipped on Monday, as investors weighed dovish remarks from Federal Reserve officials that boosted expectations for a rate cut next month and limited the greenback's upside against major currencies.The U.S. currency, however, rose against the yen, as investors remained ...
US dollar mixed as market digests Fed comments; yen slides
NEW YORK/LONDON :The U.S. dollar traded narrowly mixed on Monday, as investors weighed dovish remarks from Federal Reserve officials that boosted expectations for a rate cut next month, limiting the greenback's upside against some of the major currencies such as the euro and Swiss franc.The U.S ...
Alphabet races toward $4 trillion valuation as AI-fueled gains accelerate
Alphabet closed in on a $4 trillion valuation on Monday, set to become only the fourth company to enter the exclusive club, as the Google parent rides an artificial intelligence-driven rally.Shares of the company rose more than 5 per cent to hit a record high of $315.9, giving it a market capitaliza ...
UK minister aims for 'timely sale' of Telegraph to Daily Mail owner
DMGT said the deal would comply with Britain’s Foreign State Influence regime to block foreign state control of UK newspapers
Telefonica to cut 5,000 jobs to slash costs, union says
The cuts, affecting about a fifth of the carrier’s Spanish workforce, will apply to three Telefónica units
Moody’s downgrades StanChart from ‘positive’ to ‘stable’
Navene Elangovan - The move is in line with revisions to the rating agency’s credit assessment methodology for banks
US: Wall Street opens higher on Fed interest rate-cut expectations
[NEW YORK] Wall Street’s main indexes opened higher on Monday (Nov 24), buoyed by expectations of an imminent Federal Reserve interest rate...
Poh Heng Jewellery comes out tops at E50 Awards
Paige Lim - Second place goes to heavy lift and logistics specialist Pollisum Group and third place to travel operator EU Holidays
Starlink's direct-to-cell service launches in Ukraine in European first
KYIV :Ukraine's largest mobile operator Kyivstar has become the first in Europe to launch Starlink's direct-to-cell satellite technology in a bid to keep millions connected amid wartime blackouts and disrupted infrastructure, the company said on Monday.Kyivstar is initially offering SMS ca ...
Thailand hurries US$15 billion in stalled projects to spur growth
The country is grappling with sluggish investment, weak domestic demand and delayed public spending
Trafigura's former top nickel trader denies he colluded on $600 million fraud
LONDON :Trafigura's former head nickel trader denied allegations by Indian businessman Prateek Gupta on Monday in a London trial that he helped devise a $600 million fraud to swap expensive metals for cheap or worthless ones.Geneva-based Trafigura sued Gupta over two years ago, alleging he was ...
Wee Hur Holdings prices S$30 million notes due 2030 at 4.8%
Jessie Lim - The notes are expected to be issued on Dec 1 and to list on the Singapore Exchange on Dec 2
Saudi Aramco weighs raising billions of dollars from its biggest disposals yet
It’s weighing the sale of a stake in its oil export and storage terminals
CDW Holding announces breakthrough in anti-fouling ship hull bottom paint
Nicole Lim - CDW Holding has announced a “breakthrough” in the performance of its anti-fouling ship hull bottom paint. In a recent underwater immersion test conducted by the group at Osaka Sakai Old Port, plates that were painted with CDW’s additive showed no barnacle attachment. The shipping sector has gr ...
Singapore to set up embassy in Ethiopia, offer study visits for African officials
Sharon See - Both sides can catalyse trade and investment flows between their regions, says PM Wong
DoubleLine wary of AI funding wave that could alter US high-grade debt market
NEW YORK :A rush of bond sales by major tech firms to fund artificial intelligence expansion is creating a high-stakes bet for the $9 trillion U.S. corporate bond market, prompting caution from prominent investors like DoubleLine over the sector's growing debt load.Over the past two months, fou ...
Amid AI frenzy, concerns mount over sustainability of equity rally as valuations continue to soar
The bulls say the AI boom is unlike the dotcom boom in that the main players this time are extremely profitable giants...
CDL Hospitality Trusts signs new lease agreement for continued operation of Grand Millennium Auckland
Nicole Lim - CDL Hospitality Trusts (CDLHT) through its wholly-owned subsidiary has entered into a new lease agreement with Hospitality Services Limited for the continued operation of Grand Millennium Auckland. The new lease commences on Nov 24 for a term of five years with an additional five-year renewal option ...
Cuban scientists race against time to save fish as old as the dinosaurs
CIENAGA DE ZAPATA, Cuba :Buzz, buzz, slap!This mosquito-ridden lagoon deep in the Zapata Swamp, the Caribbean's largest intact wetland, is ground-zero for a humble but dedicated restoration effort that aims to save the manjuari, or Cuban gar, from extinction."It`s a jewel among Cuban fishe ...
China's Unipec agrees to jet fuel term supply deal with Lufthansa
[SINGAPORE] China’s state oil trader Unipec, a vehicle of refining giant Sinopec Corp, has signed a term deal to supply about 60,000...
Keppel signs MOU with JTC Corporation to advance low-carbon energy infrastructure on Jurong Island
Nicole Lim - Keppel Limited (Keppel) has signed a memorandum of understanding through its infrastructure division with JTC Corporation for the advancement of low-carbon energy infrastructure on Jurong Island. The collaboration involves the exploration and facilitation of research, pilot studies, and proof-of-val ...
Daily Debrief: What Happened Today (Nov 24)
Stories you might have missed
JTC, NUS to explore setting up new facility on Jurong Island to test green data centre innovations
Sharanya Pillai - Separately, refiner Aster will invest US$150 million in a new gas turbine, and inks deal to produce low-carbon hydrogen
Olam Group’s non-executive director Nagi Hamiyeh resigns; Dinesh Khanna appointed as replacement
Nicole Lim - Olam Group has announced two changes to the composition of its board with effect from Nov 24. Nagi Hamiyeh has resigned as non-executive director of the company, and Dinesh Khanna, alternative director to Hamiyeh, has been appointed as non-executive director in his place. Shares in Olam Group closed ...
Premium Automobiles teeing up to buy Sime Darby Business Centre for S$55 million
Derryn Wong - Former Audi dealer, which now distributes China EV brands, signs put-and-call option for acquisition of Alexandra Road showroom building
Murata Manufacturing to delist from SGX-ST on Dec 5
Nicole Lim - Murata Manufacturing has voluntarily proposed the delisting of its shares from the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST) on Nov 24. The delisting date is Dec 5, and the trading of shares shall be suspended with effect from Nov 25, 9am. The company has not stated a r ...
Singapore stocks rise amid mixed regional trading; STI up 0.6%
Tan Nai Lun - Across the broader market, gainers outnumber losers 336 to 238 after 2.1 billion securities worth S$3.2 billion change hands
CapitaLand Investment to work with Coronade Properties to shape retail vision for JBCC’s Coronation Square Mall
Nicole Lim - CapitaLand Investment (CLI) to work with Coronade Properties on shaping the retail vision for Johor Bahru City Centre’s Coronation Square Mall. The new retail mall will be a key component of Coronation Square, an integrated development located in the Ibrahim International Business District within ...
Alibaba Cloud partners with AI Singapore on a lightweight Southeast Asia-focused LLM
Nurdianah Md Nur - AI Singapore has launched a new large language model (LLM), Qwen-SEA-LION-v4, with support from Alibaba Cloud, to better support the linguistic, cultural and commercial needs of Southeast Asia. The model is designed to run even on a consumer laptop with 32GB of RAM, while delivering stronger multili ...
Sanli Environmental to raise $9.6 mil from proposed placement of 38.5 mil shares at 26 cents per share
Nicole Lim - Sanli Environmental has proposed the placement of 38,492,404 ordinary shares in the capital of the company at 26 cents per share on Nov 24. Sanli is expected to gain net proceeds of about $9.6 million from the proposed placement, after deducting estimated fees and expenses. The placement price repre ...
‘Highest in recent years’: Civil servants to receive 1.3-month year-end bonus
Therese Soh - This is more than the 1.05-month payment given for 2024
Civil servants to receive 1.3-month year-end bonus
Therese Soh - This is higher than the 1.05-month payment given for 2024
Fuxing China Group to withdraw secondary listing application on Nasdaq
Felicia Tan - Fuxing China Group will not proceed with its secondary listing application on the Nasdaq, the Mainboard-listed company announced on Nov 24. According to the group, the proposed transaction was aborted as it experienced a prolonged delay in obtaining the requisite approval from the China Securities R ...
Indonesian state-owned fund eyes overseas AI infrastructure opportunities, official says
JAKARTA :Indonesia's social security fund is keen to invest in firms that provide infrastructure for artificial intelligence, if it wins government approval for overseas investments, a director told Reuters.One of Indonesia's biggest institutional investors, the fund awaits regulatory appr ...
