Saudi Aramco raises US$6b in debut Islamic bond sale
RIYADH (AFP) Saudi Aramco on Thursday said it raised US$6 billion (S$8.05 billion) from its first dollar-denominated Islamic bond sale, as the energy giant seeks capital to fund its hefty […]
Nasdaq rallies, Dow falls in post-Fed rotation
NEW YORK (AFP) – Wall Street investors shifted their patterns on Thursday (June 17), buying technology giants and shunning financial and energy equities as long-term bond yields retreated. A day […]
Singapore’s disappointing export data may temper bullish GDP forecasts
SINGAPORE – Singapore’s economy is set to grow at its fastest pace in a decade, but may still fall shy of the bullish forecasts by some analysts. The latest export […]
Asia’s leading investment platform thrives in Singapore while eyeing the South-east Asian market
Less than three months after Futu Holdings’ moomoo trading app was officially launched in Singapore in March this year, its user base has hit over 220,000. This includes 100,000 paying […]
Japan manufacturers remain optimistic in June: Reuters Tankan
TOKYO (REUTERS) – Business confidence levels of Japanese manufacturers and service sector firms were little changed in June from the prior month, highlighting the fragile and uneven state of the […]
Singapore exports growth pick up pace in May, but came lower than expected
SINGAPORE – Singapore’s non-oil domestic exports (Nodx) grew at a faster rate in May compared with the previous month, aided by electronic and non-electronic shipments such as machinery and chemicals. […]
Garuda faces key debt deadline with restructuring on the line
(BLOOMBERG) – Troubled flag carrier Garuda Indonesia faces a key deadline on Thursday with a payment on its Islamic debt that will reflect its ability to deal with a financing […]
Alphabet’s Waymo raises US$2.5b in first fresh funding in a year
BERKELEY, BENGALURU (REUTERS) – Alphabet’s self-driving unit Waymo said on Wednesday it raised US$2.5 billion in its first fresh funding round in a year, after a string of defections of […]
US stocks dip as Fed inches closer to policy shift
NEW YORK (AFP) – Wall Street stocks declined on Wednesday (June 16) as the Federal Reserve edged a bit closer to tightening monetary policy while adopting a broadly dovish response […]
US retail sales fell in May in latest sign of bumpy recovery
WASHINGTON (NYTIMES) – Retail sales fell more than expected last month, the US Commerce Department reported on Tuesday (June 15), a sign of the uneven recovery of the American consumer […]
Work-from-home boom risks loss of 6 million UK professional jobs
LONDON (BLOOMBERG) – One in five jobs based in the UK could be outsourced to other countries in the wake of the coronavirus pandemic, threatening the loss of well-paid white […]
Asian central banks build US dollar war chests as they gird for Fed
MANILA (BLOOMBERG) – Asia’s emerging economies have accumulated their highest level of foreign-exchange reserves since 2014, offering a powerful buffer against market volatility if the US Federal Reserve changes course. […]
Top Glove ousted from three ESG-related indices in latest review
SINGAPORE (THE BUSINESS TIMES) – Top Glove Corporation has been removed from three indexes based on environmental, social and governance (ESG) factors – namely the FTSE4Good Bursa Malaysia Index, Asean […]
US stocks retreat after inflation, retail sales data
NEW YORK (AFP) – Wall Street stocks retreated from records on Tuesday (June 15) following data showing higher inflation and lacklustre retail sales, while petroleum-linked shares rallied with oil prices. The […]
Didi duo set for billion dollar fortunes on ride-hailing IPO
HONG KONG (BLOOMBERG) – Cheng Wei, the co-founder of Chinese ride-hailing giant Didi, is poised to shoot up the ranks of the super-wealthy when his firm lists shares in the […]
SGX launches world’s first ESG Reit derivatives
SINGAPORE (THE BUSINESS TIMES) – The Singapore Exchange (SGX) has launched what it calls the world’s first environmental, social and governance (ESG) real estate investment trust (Reit) derivatives. The new SGX Nikkei ESG-Reit Index […]
Some employers plan to make hybrid work arrangement permanent; office spaces still in demand
SINGAPORE – Some employers plan to make hybrid work arrangements permanent even when Covid-19 restrictions are eased in the future, but this has not led to a spike in office […]
Tech shares lead Nasdaq to record as markets await Fed decision
NEW YORK (AFP) – Major US indices finished at fresh records Monday (June 14) as global equity markets began the week cautiously ahead of a much-anticipated Federal Reserve meeting. Both […]
A meme stock is born: How to spot the next Reddit favourite
NEW YORK (BLOOMBERG) – Trying to keep up with the frenzied rise of so-called meme stocks might feel a bit like playing a game of whack-a-mole, bewildering analysts and investors […]
Bitcoin jumps after Elon Musk says Tesla will resume its use when mining cleaner
NEW YORK (BLOOMBERG) – Bitcoin jumped above US$39,000 after billionaire Elon Musk said Tesla would resume transactions with the cryptocurrency when mining is done with more clean energy. The electric […]