Local banks outperform the Nasdaq; is there room for more gains?
Goola Warden - If you own bank stocks, it may be best to hang on to them. In The Edge Singapore’s Year-End Investment Forum, market experts expect the local banks to continue to outperform. Some analysts have turned cautious, but not those at DBS Group Research or Morgan Stanley. Banks are increasingly viewed as ...
Instant view: Bitcoin soars above $100,000
Bitcoin hit a record high above $100,000 on Thursday as the election of Republican Donald Trump as U.S. president fuels expectations that his administration will usher in a friendly regulatory environment for cryptocurrencies. The world's largest cryptocurrency was last up 3.4 per cent at $101, ...
Instant view: Bitcoin surges above $100,000
Bitcoin hit a record high above $100,000 on Thursday as the election of Republican Donald Trump as U.S. president fuels expectations that his administration will usher in a friendly regulatory environment for cryptocurrencies. The world's largest cryptocurrency was last up 3 per cent at $101,00 ...
Temu told to suspend Vietnam operations, state media reports
CHINESE online retailer Temu has been told to suspend its operations in Vietnam after it failed to meet an end-November deadline for...
Bitcoin tops US$100,000 on optimism over Trump crypto plans
Bitcoin rose above US$100,000 for the first time on Thursday (Dec 5) as the election of Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies. Bitcoin has more than doubled in value this year and ...
Bitcoin tops US$100,000 for the first time on optimism over Trump crypto plans
BITCOIN rose above US$100,000 for the first time on Thursday (Dec 5) as the election of Republican Donald Trump as president of...
Bitcoin climbs towards US$100,000 on Trump’s pro-crypto pick for SEC
PRESIDENT-ELECT Donald Trump’s pick of a crypto proponent to be the next head of the US securities regulator lifted Bitcoin to within...
Bitcoin storms above US$100,000 as bets on Trump fuel crypto euphoria
Bitcoin catapulted above US$100,000 for the first time on Thursday (Dec 5), a milestone hailed even by sceptics as a coming of...
RHB expects slower reduction of losses in Raffles Medical’s insurance business, lowers TP to 90 cents
Khairani Afifi Noordin - RHB Bank Singapore analyst Shekhar Jaiswal has kept “neutral” on Raffles Medical Group BSL (RMG) with a lower target price of 90 cents after fine-tuning and trimming the company’s FY2024 to FY2026 earnings by 12%-7%. This is largely to account for slower reduction in the company’s insurance ...
Gold little changed; investors await US payrolls data
GOLD prices were little changed on Thursday (Dec 5) as investors awaited US payrolls data, due on Friday, for more cues on...
Political turmoil adds gloom to beleaguered South Korean markets
Bloomberg - Investors are bracing for a triple whammy as South Korea’s political turmoil adds another layer of uncertainty for the country’s struggling assets. Even before President Yoon Suk Yeol’s shock martial law announcement, the equity benchmark Kospi and the won were among the world’s worst perfor ...
BOJ's Nakamura urges caution in raising interest rates
HIROSHIMA : Bank of Japan board member Toyoaki Nakamura said on Thursday the central bank must move "cautiously" in raising interest rates, as smaller firms have yet to see profitability strengthen enough to weather higher borrowing costs."I am personally not confident about the susta ...
Dovish BOJ policymaker urges caution in raising interest rates
HIROSHIMA: The Bank of Japan must move cautiously in raising interest rates as consumption remains weak and small firms may struggle to keep increasing wages, a dovish board member said on Thursday (Dec 5), highlighting uncertainty over the chances of a hike this month. Toyoaki Nakamura, who did not ...
Micro-Mechanics aims to create ‘five-star factories’ across the region
Feng Zengkun - People who walk into a five-star restaurant or hotel know they will receive the highest quality products and services, and that is the standard that Micro-Mechanics, which manufactures precision tools and parts for the semiconductor industry, has set for itself, says its founder and CEO Christopher ...
Nissan boss Uchida races to save the automaker - and his job
IN EARLY October, Nissan Motor managers dialed in for a regular online meeting with boss Makoto Uchida only to hear a grim...
STI jumps more than 1%, nearing a record high
Chloe Lim - SINGAPORE stocks jumped more than 1 per cent on Thursday (Dec 5) morning, nearing a record high.
STI rises 0.6% as banking shares make strong gains amid mixed Asia markets
Tan Nai Lun - SINGAPORE stocks were close to a record high on Thursday (Dec 5) morning, but eased by the close.
Disney boosts dividend 33% after achieving streaming profit
Bloomberg - Walt Disney Co. raised its annual dividend by 33% to US$1 ($1.34) a share, another sign that a turnaround plan put in place two years ago is paying off. The money will be distributed to shareholders in two 50-cent installments in January and July of next year. “With the company operating from a ...
Bank of Japan rate hike bets for this month tumble, pressuring yen lower
MARKET expectations of a Bank of Japan (BOJ) interest rate hike this month sank after a local media report cast doubt on...
BOJ rate-hike bets retreat as traders count down to key meeting
Market expectations of a Bank of Japan (BOJ) interest rate hike this month sank after a local media report cast doubt on...
CLI acquires Osaka facilities from self-storage manager to expand Japan porfolio
Therese Soh - CAPITALAND Investment (CLI) has acquired four Osaka self-storage facilities from Japanese indoor self-storage manager Ambitious through Extra Space Asia (ESA), a self-storage...
Nippon Steel still confident it can close widely-opposed US deal
Bloomberg - Nippon Steel reiterated confidence that its US$14.1 billion ($18.95 billion) acquisition of United States Steel can be completed by year-end, even as the current and incoming US presidents oppose the takeover. The deal can be completed if it passes due process and is approved by the outgoing admin ...
Hope springs eternal for an ever-optimist
Chew Sutat - The old proverb, “Hope springs eternal”, shows how human nature always finds fresh cause for optimism. This rings especially true as we go through winter and on to Jan 20, when Donald Trump moves back into the White House. For now, we probably will not have another riot on Capitol Hill as the Pr ...
JPMorgan to sponsor Arsenal’s ultra-luxury VIP lounge
Bloomberg - JPMorgan Chase & Co. is to sponsor the most prestigious part of English football club Arsenal FC’s Emirates Stadium in London, according to people familiar with the matter. The US banking giant becomes the first sponsor of Arsenal’s Diamond Club, a lounge that hosts wealthy fans who pay tens ...
Asia in denial
Stephen S. Roach - I saw nothing but denial in my recent post-US-election tour of Asia, with stops in Hong Kong, Shenzhen, Beijing, and Singapore. Taking a cue from surging global equity markets, Asians are making every effort to wish away problems at home and abroad. Nowhere is this more evident than in China. Presid ...
Keppel and AWS collaborate on connectivity
The Edge Singapore - Keppel has signed a new multi-year strategic framework agreement with Amazon Web Services (AWS) to collaborate on data centres, subsea cables and renewable energy, regionally and globally. The agreement was commemorated by Loh Chin Hua, CEO of Keppel and Matt Garman, CEO of AWS, in Las Vegas i ...
Tracking Trump's first 100 days for a clearer political and business outlook
Graham Ong-Webb - With Donald Trump’s return to the White House, the Indo-Pacific faces an era of heightened unpredictability. The region must closely monitor the statements, decisions, and behaviours of President Trump and his administration to discern which pathway his leadership is likely to pursue. Clarity on t ...
South Korea's Yoon can kiss his stock reform goodbye
Shuli Ren - South Korean President Yoon Suk Yeol has been touting a so-called corporate value-up plan to tackle the nation’s notoriously depressed stock market this year. After briefly declaring martial law late Tuesday, he can kiss that initiative goodbye. Yoon is borrowing the concept from Japan, where a de ...
South Korea's Yoon can kiss his stock market reform goodbye
Shuli Ren - South Korean President Yoon Suk Yeol has been touting a so-called corporate value-up plan to tackle the nation’s notoriously depressed stock market this year. After briefly declaring martial law late Tuesday, he can kiss that initiative goodbye. Yoon is borrowing the concept from Japan, where a de ...
Stocks to watch: CapitaLand Investment, Hong Fok, OKH
THE following companies saw new developments that may affect trading of their securities on Thursday (Dec 5):
Crypto trading volume surged to US$10 tril for the first time in November
Bloomberg - Crypto trading volume climbed to an all-time high in November, with more than US$10 trillion ($13.44 trillion) of digital assets changing hands for the first time on centralised spot and derivatives exchanges. The combined volume doubled last month, according to data compiled by CCData. Crypto mar ...
US Fed’s Jerome Powell expects good relations with Trump administration
US Federal Reserve chair Jerome Powell downplayed the prospects of tension with the incoming Trump administration and said he expects officials can...
Fed’s Powell expects good relations with Trump administration
Bloomberg - US Federal Reserve (Fed) chair Jerome Powell downplayed the prospects of tension with the incoming Trump administration and said he expects officials can move cautiously as they continue lowering interest rates. “We can afford to be a little more cautious as we try to find neutral,” Powell said ...
Trump’s treasury pick meets key senate Republicans on nomination
Bloomberg - Incoming Senate Republican leader John Thune met late Wednesday with Treasury secretary nominee Scott Bessent, emerging from the closed-door discussion saying the two men “covered a lot of ground.” “We hit on pretty much all of the issues,” Thune told reporters, declining to get into detai ...
