News
Divided US Fed lowers rates by 25 bps, signals pause and one 2026 cut as growth rebounds
[WASHINGTON] The Federal Reserve cut interest rates on Wednesday in another divided vote, but signalled it will likely pause further reductions in borrowing costs as the US central bank looks...
Musk’s fortune would more than double on US$1.5 trillion SpaceX
Musk’s path to becoming a trillionaire, whether it is through Tesla or SpaceX, is not without challenges[NEW YORK] The richest man in the world could more than double his...
Customer experience tech startup Toku files preliminary prospectus for Catalist IPO
It will use the proceeds to fund R&D, market expansion and to improve its financial position[SINGAPORE] Technology startup Toku on Wednesday (Dec 10) lodged a preliminary prospectus for a...
Barclays joins bank rivals in buying stake in United Fintech
It has bought two fintechs this year, bringing its total to seven and giving it more than 200 employees across 11 locations globally[LONDON] Barclays is buying a stake in...
Temasek, top funds bid in Swiggy’s US$1.1 billion share sale
The fundraising underscores the Indian e-commerce market’s rapid expansion amid surging demand[MUMBAI] Global investors, including Temasek Holdings and Capital Group, are offering to buy shares in Swiggy, according to...
MPACT subsidiary sells Festival Walk Tower for close to HK$2 billion
[SINGAPORE] The manager of Mapletree Pan Asia Commercial Trust (MPACT) announced on Wednesday (Dec 10) that its subsidiary Festival Walk will sell Festival Walk Tower for nearly HK$2 billion...
Coal’s grip on Asia strengthens as early phaseout bids stall
[JAKARTA] Coal’s future in Asia is looking brighter, as the top-consuming region’s efforts to shift to cleaner energy suffer a series of setbacks.Indonesia has cancelled a flagship project that...
IMF wades into debate over yuan, warns on risk of trade tensions
It’s lending its voice to a debate over distortions caused by a weaker exchange rate[BEIJING] The International Monetary Fund linked China’s booming exports and growing trade imbalances in part...
Airbus CEO concedes likely defeat to Boeing in order race this year
The planemaker remains ahead of its US rival in deliveries and the pipeline of outstanding orders[PARIS] Airbus CEO Guillaume Faury conceded likely defeat in the annual order race against...
Air India admits compliance culture needs overhaul after flying Airbus without permit
The report is a stark admission from the airline whose Boeing Dreamliner crash in June killed 260 people[NEW DELHI] An Air India investigation into why one of its Airbus...
Singapore stocks close flat ahead of Fed interest rate decision
[SINGAPORE] Singapore stocks ended lower on Wednesday (Dec 10), ahead of a policy decision by the US Federal Reserve.The benchmark Straits Times Index (STI) was flat, shedding 1.34 points...
Analysts upbeat on Singapore’s office Reits, naming one ‘uniquely positioned’ to tap rental upside
[SINGAPORE] The coming year is looking promising for office Singapore real estate investment trusts (S-Reits), said analysts.The sector has begun to see “tangible improvements in capital management metrics as...