News
Oil tanker rates spike as US push into Venezuela redraws flows
The global oil industry is working through the consequences of Washington’s move earlier this month[HONG KONG] The shipping market is being shaken up by Washington’s intervention in Venezuela, as...
RHB initiates “buy” on Coliwoo amid rising expat, foreign student demand
The bank assigns it a target price of S$0.82, a 41% upside from its latest closing price of S$0.58 on Wednesday[SINGAPORE] RHB has initiated coverage on co-living operator Coliwoo...
China drinks maker Eastroc Beverage said to gauge interest for billion-dollar plus Hong Kong listing
The company makes energy and sports beverages, as well as other soft drinks such as teas and juices[HONG KONG] Chinese energy-drink maker Eastroc Beverage Group has started gauging investor...
Alibaba takes major step to link Taobao shopping to main AI app
[HONG KONG] Alibaba Group Holding plans to link its flagship online shopping and travel services to its artificial intelligence (AI) app, taking its biggest step yet to build Qwen...
Iran temporarily closes airspace to most flights, forcing airlines to reroute
[WASHINGTON] Iran closed its airspace temporarily to most flights late on Wednesday, forcing airlines to cancel, reroute or delay some flights, amid concerns about possible military action between the...
Bank of Korea stands pat as board wary of weak won, property market rally
[SEOUL] South Korea’s central bank left its benchmark interest rate unchanged in a widely expected move, as authorities monitor the weakening won along with risks of financial imbalances stemming...
DBS lifts target price of ST Engineering, Sats; cuts SIAEC to ‘hold’
[SINGAPORE] DBS Group Research downgraded SIA Engineering Company (SIAEC) to “hold” and raised its target prices for ST Engineering and Sats , as it advised investors to shift their...
Thailand long-bond outlook darkens on fiscal worries before vote
Election risks aside, investors have already been bracing for additional debt issuance, with some expectations of it being front-loaded[MELBOURNE] As Thailand’s general election nears, rising concerns about fiscal largesse...
Asia loan bankers brace for competition, thinner margins in 2026
Banks are also targeting more deals from holding companies this year, as they can fetch higher margins of 4% to 5%[SINGAPORE] Loan bankers in Asia are bracing for an...
Sembcorp seeks shareholder approval for Alinta Energy buy at Jan 30 EGM
[SINGAPORE] Sembcorp Industries will seek shareholder approval for its acquisition of Alinta Energy, it said in a bourse filing on Thursday (Jan 15). The extraordinary general meeting (EGM) will...
Fed survey suggests slight upgrade to US economy
Financial markets expect the Fed to leave interest rates unchanged at its January meetingECONOMIC activity increased in most parts of the US and employment was mostly unchanged in recent...
Go big or go home: What SGX and Nasdaq’s S$2 billion dual-listing threshold signals to the market
Requirement ensures that potential issuers are big enough for institutional and analyst attention, and have sufficient liquidity, say observers[SINGAPORE] The S$2 billion market-capitalisation requirement for the dual-listing bridge between...