News
Singapore’s benchmark STI rises for the sixth day, up 0.4%
Across the broader market, decliners beat gainers 297 to 275, after 1.3 billion securities valued at more than S$1.4 billion are transacted[SINGAPORE] Singapore shares rose on Wednesday (Dec 3),...
How banks handle interest rate swings may soon be clearer to investors
Newly proposed rules by International Accounting Standards Board centre on new Risk Mitigation Accounting model[SINGAPORE] The International Accounting Standards Board (IASB) on Wednesday (Dec 3) proposed new rules to...
HSBC names Brendan Nelson chairman in surprise move
The bank says Nelson’s appointment follows a robust process assessing internal and external candidates[LONDON] HSBC Holdings’ interim chairman Brendan Nelson will move into that role on a permanent basis,...
Philippines’ slow growth raises chance of December rate cut, says central bank chief
Data last month showed annual growth slowed to a four-year low of 4.0% in the third quarter[MANILA] A slower growth outlook for the Philippines raises the chances of another...
GXS cuts about 10% of workforce in rightsizing exercise
[SINGAPORE] Digital bank GXS is cutting 82 jobs or about 10 per cent of its workforce across the group.This exercise is part of the group’s transition from the early...
Netflix, Warner Bros Discovery combo seen lowering costs for consumers: sources
Alphabet’s YouTube remains the country’s largest streaming platform by viewership[NEW YORK] Netflix’s proposed acquisition of Warner Bros Discovery’s studios and streaming unit is expected to reduce streaming costs for...
MAS EQDP: Manulife Investment Management launches Singapore all-cap fund strategy
It will launch a Singapore All-Cap Equity strategy that is research-driven and ‘benchmark-unconstrained’[SINGAPORE] Manulife Investment Management said it will launch a fund strategy with an emphasis on Singapore small...
Malaysia palm oil reserves seen at six-year high as exports slump
[KUALA LUMPUR] Palm oil stockpiles in Malaysia surged to the highest in more than six years as exports dropped in November, according to a survey.Inventories jumped 10 per cent...
Gold flat as investors await US data for rate-cut signals
US rate futures are pricing in an 89% chance of a rate cut in December, according to the CME’s FedWatch tool[BENGALURU] Gold prices were little changed on Wednesday (Dec...
Infinity Development closes flat at S$0.39 on Catalist debut
[SINGAPORE] Shares of adhesive manufacturer Infinity Development were up 1.3 per cent at Wednesday’s (Dec 3) open – as the company debuted on the Catalist board of the Singapore...
