Fashion
Australia unveils rescue bid for Rio Tinto’s Tomago aluminium smelter
“If Australia doesn’t produce aluminium, then the knock-on effect in other industries is significant,” warns Prime Minister Anthony Albanese[SYDNEY] Prime Minister Anthony Albanese announced on Friday (Dec 12) a...
ST Engineering’s US unit among defendants in UPS plane crash lawsuit
Lawsuit alleges negligence in maintenance checks by subsidiary VT San Antonio Aerospace[SINGAPORE] ST Engineering’s United States subsidiary, VT San Antonio Aerospace (VT SAA), was one of several companies named...
Ringgit hits three-year high against Singdollar, four-year high versus greenback
It’s Asia’s best-performing currency this year as Malaysia’s robust macro fundamentals drive optimism for unit[SINGAPORE] The ringgit hit a three-year high against the Singapore dollar and a four-year high...
Sumitomo to put US$1.3 billion into India renewable power projects
[TOKYO] Sumitomo Corp will invest US$1.3 billion on several Indian renewable power projects, to take advantage of rapid growth in demand from major industrial users.The funds will be invested...
Asian markets track Wall Street record after Fed cut
ASIAN equities rose on Friday as investors tracked a record day on Wall Street in the wake of the Federal Reserve’s latest interest rate cut.The gains came despite renewed...
Philippine central bank chief tempers hawkish view, sees one more cut
PHILIPPINE central bank Governor Eli Remolona said monetary authorities may cut the benchmark interest rate one more time in the current easing cycle with the economic recovery likely to...
Global EV sales growth slowest since Feb 2024 on China plateau, US policy changes
GLOBAL EV sales grew in November at the slowest rate since February 2024 as China plateaued, while the end of an EV tax credit scheme in the United States...
Hongkong Land hives off MBFC Towers 1 and 2, One Raffles Quay into new S$8 billion Singapore real estate fund
New fund will be Singapore’s biggest private real estate fund and is part of group’s aim to grow its AUM to US$100 billion by 2035[SINGAPORE] Following the sale of...
Stocks to watch: Sembcorp, CDL, UOL, GuocoLand, Seatrium, Singtel, Hongkong Land
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Dec 12): Sembcorp Industries : The engineering services company on Thursday announced that...
Sembcorp’s Alinta Energy buy: One step forward on earnings, two steps back on emissions?
Sembcorp says the acquisition is driven by Alinta’s renewables pivot, not its Loy Yang B coal-fired power station[SINGAPORE] Sembcorp Industries’ acquisition of Alinta Energy is a “half-full” and “half-empty”...
