BOJ Governor Ueda's comments at news conference
:The Bank of Japan kept interest rates unchanged on Thursday but one dissenting board member's proposal to push up borrowing costs showed the central bank remains on track to tighten policy early next year.As widely expected, the nine-member BOJ board voted 8-1 to keep its short-term policy rat ...
Bitcoin tests US$100,000 after Fed spurs worst drop since September
Bloomberg - Bitcoin briefly sank below US$100,000 ($136,250) as the US Federal Reserve’s (US Fed) cautious outlook for interest-rate cuts hurt speculative investments. The largest digital asset hit US$98,760 at one point on Thursday — about US$10,000 shy of the record high set earlier this week — before r ...
SoftwareOne announces $1.3 billion deal to buy Norwegian rival Crayon
:Swiss technology firm SoftwareOne Holding on Thursday announced a deal to acquire Crayon Group Holding in a stock and cash offer that valued its Norwegian competitor at around $1.34 billion.SoftwareOne said it would launch a recommended voluntary stock and cash offer to acquire all outstanding shar ...
SoftwareOne to buy Norway's Crayon in $1.4 billion Microsoft-focused takeover
ZURICH :Swiss technology firm SoftwareOne said on Thursday it had agreed to buy Crayon Group in a stock and cash deal which values its Norwegian competitor at $1.4 billion.Around 70 per cent of the combined entity's revenue would be related to business with Microsoft, Crayon CEO Melissa Mulholl ...
Apple in talks with Tencent, ByteDance to roll out AI features in China: sources
APPLE is in talks with Tencent and TikTok owner ByteDance about integrating their artificial intelligence (AI) models into iPhones sold in China,...
OCBC’s research head ‘may revise upwards’ banks’ 2025 profit forecasts with fewer Fed cuts expected
Jovi Ho - Last night’s 25 basis point (bps) US Federal Reserve rate cut was accompanied by officials’ expectations of just two more cuts in 2025, fewer than previously forecast. In September, the Fed had projected four 25bps cuts next year. Carmen Lee, head of OCBC Investment Research, expects banking ana ...
Alibaba, BlackBerry among companies selling assets for peanuts after splurging billions buying them
COMPANIES that spent billions on poorly timed acquisitions in recent years are now offloading those assets at knockdown prices.
Companies that spent billions on M&A are now selling for peanuts
COMPANIES that spent billions on poorly timed acquisitions in recent years are now offloading those assets at knockdown prices.
Foxconn exec in France to discuss Nissan stake purchase from Renault, Central News Agency reports
TAIPEI : A senior executive of Taiwan-based contract manufacturer Foxconn is in France to discuss a potential stake purchase in Nissan Motor from the Japanese automaker's biggest shareholder Renault, Central News Agency reported on Thursday.Jun Seki, a former Nissan executive who now leads Foxc ...
Analysts optimistic on Asian equity, bonds even as US Fed signals fewer rate cuts
Navene Elangovan - Bond investors will benefit from less volatility due to shifting rate expectations, they say
Analysts optimistic on Asian equity, bonds despite US Fed signalling fewer rate cuts
Navene Elangovan - Bond investors will benefit from less volatility due to shifting rate expectations, they say
Analysts optimistic on Asian equities, bonds even as US Fed signals fewer rate cuts
Navene Elangovan - They note strong long-term outlook for banking, manufacturing sectors here, and add bond investors will benefit from less volatility
Analysts optimistic on Asian equities, bonds even as Fed signals fewer rate cuts
Navene Elangovan - They note strong long-term outlook for banking, manufacturing sectors here, and add bond investors will benefit from less volatility
Asia dealmakers see more IPOs, convertible bonds in 2025
INVESTMENT bankers are pinning hopes on initial public offerings (IPOs) in Asia to grab a bigger slice of equity capital markets volumes...
Fed's 25bps rate cut 'hawkish' dot plot 'less relevant today', say analysts
Nicole Lim - Following the US Federal Reserve (Fed)’s lowering of the benchmark interest rate for a third consecutive time on Wednesday, market watchers and analysts from various research houses say the cut was a “hawkish” one. The move reduces the central bank’s Federal Funds Rate by 25 basis points ( ...
Latest Singapore six-month T-bill cut-off yield inches up to 3.02%
Chloe Lim - This is higher than the 3% offered in the previous auction that closed on Dec 5
South Korea pension fund, central bank expand FX swap line as won drops
SEOUL : South Korea's pension fund and central bank have agreed to expand their foreign exchange swap line and extend it by one year until the end of 2025, a move that comes as the won dropped to its lowest level in 15 years. The swap line, which allows the National Pension Service (NPS) to bor ...
Indonesian arm of Malaysia’s Mr DIY drops on market debut
THE Indonesian arm of Malaysia-based home improvement retailer Mr DIY Group dropped in its stock market debut on Thursday (Dec 19) after...
Indonesian arm of Malaysia’s Mr DIY climbs on market debut
THE Indonesian arm of Malaysia-based home improvement retailer Mr DIY Group shook off a wobbly start to rise on its stock market...
BOJ says unconventional policies cannot replace traditional rate policy
TOKYO : The Bank of Japan said unconventional monetary easing, such as its ultra-easy policy of the past decade, carries potential uncertainties and side effects and cannot be a substitute for traditional interest rate policy.In a policy review released on Thursday, the BOJ highlighted the various s ...
Hong Kong central bank cuts interest rate, tracking US Fed move
THE Hong Kong Monetary Authority (HKMA) on Thursday (Dec 19) cut its base interest rate charged via the overnight discount window by...
HKMA cuts interest rate, tracking US Fed move
Hong Kong interest rates could remain at relatively high levels for some time, says chief executive
Sinopec forecasts China's petroleum consumption to peak by 2027
BEIJING: China Petrochemical Corp, or Sinopec, expects China's petroleum consumption to peak by 2027 at no more than 800 million metric tons or 16 million barrels per day, the state energy group said in an outlook released on Thursday (Dec 19). This is a clearer forecast than last year, when th ...
HSBC to cut best lending rate in Hong Kong by 12.5 bps to 5.25%
HONG KONG : HSBC Holdings said on Thursday it will cut its best lending rate in Hong Kong by 12.5 basis points to 5.25 per cent from 5.375 per cent, effective Dec. 20.That followed a 25 basis points cut in the base rate charged through the overnight discount window of the city's de facto centra ...
Malaysian Resources exits high-speed rail bid, Berjaya says
MALAYSIAN Resources has withdrawn from a consortium that is bidding for a proposed multi-billion dollar high-speed rail (HSR) line between Kuala Lumpur...
Malaysian Resources has exited high-speed rail bid, says partner Berjaya
MALAYSIAN Resources has withdrawn from a consortium that is bidding for a proposed multi-billion dollar high-speed rail (HSR) line between Kuala Lumpur...
Foreigners sold Japanese stocks ahead of central bank meetings
Foreign investors divested Japanese stocks significantly in the week through Dec. 14, exercising caution ahead of policy meetings by the U.S. Federal Reserve and the Bank of Japan, and taking profits after a rally in the local market.According to data from Japan's Ministry of Finance, cross-bor ...
Bank of Japan keeps interest rates steady, hawkish board member dissents
THE Bank of Japan kept interest rates steady on Thursday, as policymakers preferred to tread cautiously in pushing up borrowing costs amid...
China banks raise mortgage rates for the first time since 2021
CHINESE banks raised new mortgage costs for the first time in three years, as narrowing margins are dragged down by a persistent...
America’s Top 10 for 2024
Thiveyen Kathirrasan - The S&P 500 is again one of the top-performing global indices since the start of the year, up 28.5% as at Dec 13. Here the top-performing constituents of the S&P 500, the reasons behind their outperformance and whether investors should still consider investing in them by looking at the indiv ...
Singapore’s residential rents climb in November against seasonal volume decline: SRX, 99.co
Michelle Zhu - Public housing rents for the month rise 0.4% from the previous month’s levels
GVT named ‘preferred’ bonding equipment supplier for global semicon manufacturer
Douglas Toh - Grand Venture Technology (GVT) has been selected to supply parts and components for so-called next generation thermal compression bonding (TCB) equipment to a “leading global semiconductor assembly and packaging equipment manufacturer”. GVT says that the win was enabled by its early engineerin ...
Indonesia central bank says rupiah fall due to impact of Fed outlook
INDONESIA’S central bank said the rupiah’s sharp fall to fresh four-months on Thursday was due to the impact of the US Federal...
CATL considers second Hong Kong listing to raise at least US$5 billion
CONTEMPORARY Amperex Technology Co Limited (CATL) is considering a second listing in Hong Kong that could raise at least US$5 billion, making...
