News
Grab rides to cost 30 cents more from Jan 1 with platform fee hike
[SINGAPORE] Singapore’s largest ride-hailing firm Grab will be increasing its platform fee by 30 cents come Jan 1, 2026.Passengers will then pay S$1.20, up from the current 90 cents,...
Retail investors to have more sway over Wall Street after record year
In 2025, retail traders shift to ETFs tracking equity indexes, crypto, and commodities[NEW YORK] Retail inflows into US stocks are set to hit a record in 2025, as individual...
Japan’s Eneos leads bids for Chevron’s Singapore oil refinery stake
[SINGAPORE] Japan’s Eneos Holdings is ahead of rival bidders for US heavyweight Chevron’s stake in a Singapore oil refinery, according to people familiar with the matter.Other suitors for the...
S Korea pension fund initiates new round of strategic FX hedging to support won
The won sharply reverses course on the news to rally as much as 1.6% to 1,458.0 per dollar[SEOUL] South Korea’s national pension fund has initiated a new round of...
South Korea pension fund initiates new round of strategic FX hedging to support won
The won sharply reversed course on the news to rally as much as 1.6% to 1,458.0 per dollar[SEOUL] South Korea’s national pension fund has initiated a new round of...
Australian dollar climbs to highest since Oct 2024 on RBA bets
[CANBERRA] The Australian dollar climbed to its strongest in more than a year after traders ratchet expectations the Reserve Bank will quickly shift to raising interest rates early next...
Hongkong Land should do a Reit not a private fund with its prime Singapore office assets
[SINGAPORE] Hongkong Land Holdings is pressing ahead with growth in fund management. The 136-year-old property group said recently that it has made significant advancements towards launching its first private...
Oil up as market weighs strong US economic growth, supply risks
[NEW YORK] Oil prices settled higher on Tuesday as investors assessed stronger-than-expected US economic growth and the risk of disruptions to oil supply from Venezuela and Russia.Brent crude futures settled 31 cents, or...
European shares close at fresh record high as Novo Nordisk drives healthcare boost
EUROPEAN shares closed at a new peak on Tuesday, powered by gains in the healthcare sector, after heavyweight Novo Nordisk clinched US approval of its weight-loss pill.The pan-European Stoxx 600 added...
US airlines see record holiday travel even as airfares climb
A daily average of 2.9 million passengers will travel between Dec 19 and Jan 5, up 1.5% from a year earlier[NEW YORK] US airlines expect to ferry a record...
