News
US: Wall St opens lower with Powell’s testimony on tap
WALL Street’s main indexes opened lower on Tuesday (Feb 11), as investors awaited a testimony from Federal Reserve Chair Jerome Powell for insight on tariffs and their impact on...
Partners Group’s 2024 private equity secondary market investments surge 113% on year
ONE of the world’s biggest private equity (PE) companies, Swiss-based Partners Group, pumped in US$3.2 billion (S$4.3 billion) into PE secondary investments on behalf of its clients last year,...
Investors cautious ahead of Powell’s address, US inflation data; STI down 0.4%
Across the broader market, losers beat gainers 267 to 238, after 1.4 billion securities worth S$1.3 billion change handsSINGAPORE stocks retreated from the previous day’s advance to close lower...
China’s CATL to raise at least US$5 billion in Hong Kong listing: sources
CHINESE battery giant CATL is expected to raise at least US$5 billion in a Hong Kong listing, according to two sources with direct knowledge of the matter.
CATL did not...
Citigroup targets social finance deals in Asia as demand grows
Citi led 76 transactions in Asia last year, raising US$2.4 billion, according to the bankCITIGROUP said that it expects social finance funding in Asia to rise by more than...
BYD shares hit record high, trouncing Tesla’s stock; to integrate DeepSeek and broaden self-driving tech
BYD shares briefly rose to their highest intraday price on record, reflecting optimism that the Chinese electric vehicle (EV) leader will further challenge peers such as Tesla through its...
BYD puts driver-assistance features in most of its cars for free
BYD will enable advanced driver-assistance features in almost all future models at no additional cost to buyers as part of a bid to challenge Tesla and domestic rivals in...
Keppel’s new commercial property secures financial services company as anchor tenant
The Tanjong Pagar building features smart building management systems and renewable energy useASSET manager Keppel’s new commercial property has completed construction, and a financial services company has been secured...
Manulife appoints new Singapore CEO amid leadership shake-up in Asia
INSURER Manulife has appointed Benoit Meslet, the current chief executive officer of its Japan office, to head its Singapore division. Meslet will replace Khoo Kah Siang on Jun 1 –...
Innovation Centres in Singapore are Doing Many Interesting Things
AFTER Procter & Gamble (P&G) launched the Olay Super Serum in the United States in 2023, the product shot to pole position among serums there. A bottle of this,...
