News
Singtel tops buybacks; Soon Hock and EnGro chairs boost stakes; Sanli eyes growth with placement
[SINGAPORE] Over the five trading sessions from Nov 21 to 27, institutions were net sellers of Singapore stocks, with net institutional outflow of S$552 million extending the S$131 million...
Amazon, Flipkart take aim at India’s banks with new consumer loan offerings
Interest rates on loans for consumer durables from traditional lenders typically range between 12% and 22%[MUMBAI] Amazon is preparing to offer loans to small businesses in India, while Walmart-owned...
China’s robotics stocks face investor scrutiny over bubble fears
Beijing has been on a so-called anti-involution drive which aims to curb destructive competition across industries[BEIJING] Investor hype over Chinese robotics stocks is giving way to deepening unease, with...
Worldwide markets roiled by data-centre snafu in Chicago suburb
The centre has continued to serve as a key node for traders across the globe, and the impact was felt broadly[NEW YORK] One of the first signs of trouble...
Air travel faces disruptions over A320 software switch
Airbus has sold 12,257 of the aircraft by the end of September, compared with the sale of 12,254 Boeing 737s[PARIS] Several airlines announced delayed or cancelled flights on Friday...
Airbus issues major A320 recall after flight-control incident
[PARIS] Europe’s Airbus said on Friday (Nov 28) that it was ordering immediate repairs to 6,000 of its widely used A320 family of jets in a sweeping recall affecting...
ECB’s Lagarde says interest rates are at correct level
Most officials have signalled they do not see a need to adjust borrowing costs when they meet in December[FRANKFURT] The European Central Bank (ECB) is well positioned with borrowing...
S&P 500 extends rally after CME glitch, reversing monthly slide
Markets are continuing to bet that the central bank will cut its benchmark next month[NEW YORK] US stocks notched a fifth-straight day of gains, as the Chicago Mercantile Exchange...
OCBC files bid to wind up consumer electronics trader TT International
[SINGAPORE] OCBC has filed a winding-up application against consumer electronics trader TT International, whose debts are being restructured under a scheme of arrangement. The company owes OCBC at least S$21.7...
Wall St opens higher, futures resume trade after outage
[NEW YORK] Wall Street’s main indexes opened higher on Friday (Nov 28) with futures trading springing back to life from an hours-long CME Group outage that had temporarily frozen...
