News
Shell agrees to buy 100,000 barrels of petrol from Indonesia’s Pertamina amid shortage
[JAKARTA] Fuel retailer Shell has agreed to buy 100,000 barrels of petrol from Indonesia’s state energy firm Pertamina, the country’s deputy energy minister Yuliot Tanjung said on Tuesday (Nov...
OCBC’s Lion Global Investors launches Singapore’s first physical gold fund
It seeks to track the performance of London Bullion Market Association Gold Price AM [SINGAPORE] OCBC’s Lion Global Investors announced on Tuesday (Nov 25) the launch of the first...
Philippines mulls rate cut to spur demand after scandal hit
[MANILA] The Philippine central bank will consider another reduction in the benchmark interest rate next month to help spur demand, its top official said, after the economy was hit...
Asia: Markets advance as odds for another Fed rate cut grow
Tech firms have enjoyed a revival after suffering a period of selling in recent weeks[HONG KONG] Asian investors on Tuesday (Nov 25) welcomed more dovish comments from US Federal...
BMW mulls adding range-extending engines to EV models in China
The company may become the first German automaker to offer the technology that’s not yet widely available in Europe[MUNICH] BMW is weighing the addition of range extenders to some...
New owners to revive fish farms vacated by troubled Apollo, Barramundi groups
The building at Neo Tiew Crescent in Lim Chu Kang will be used to grow vannamei prawn and food fish[SINGAPORE] Two fish farming facilities that had been given up...
Apple cuts jobs across its sales organisation in rare layoff
Employees who lost their jobs have until Jan 20 to secure another position within the company or they will be terminated with a severance package[LOS ANGELES] Apple has eliminated...
UK minister aims for ‘timely sale’ of Telegraph to Daily Mail owner
DMGT said the deal would comply with Britain’s Foreign State Influence regime to block foreign state control of UK newspapers[LONDON] British culture minister Lisa Nandy said on Monday she...
Moody’s downgrades StanChart from ‘positive’ to ‘stable’
The move is in line with revisions to the rating agency’s credit assessment methodology for banks[SINGAPORE] Credit rating agency Moody’s Ratings, on Monday (Nov 24), downgraded its credit rating...
Wee Hur Holdings prices S$30 million notes due 2030 at 4.8%
[SINGAPORE] Property developer Wee Hur on Monday (Nov 24) launched and priced S$30 million worth of fixed-rate notes due in 2030 at 4.8 per cent.Pursuant to Wee Hur’s S$500...
