CDL Hospitality Trusts unit renews lease on New Zealand hotel

SINGAPORE - A unit of mainboard-listed CDL Hospitality Trusts (CDLHT) has renewed its lease on a New Zealand hotel for another three years with...

Acromec inks deal to own, operate private fertility centre

SINGAPORE - Catalist-listed specialist engineering firm Acromec has entered into a non-binding letter of intent (LOI) for a proposed collaboration to own and operate...

ST Engineering, Nokia to cross-sell in key tech areas like 5G, IoT

SINGAPORE - Mainboard-listed ST Engineering and Finnish telecom firm Nokia have entered into a partnership agreement to cross-sell their solutions - including in key...

Allied Tech responds to SGX queries on escrow account fund after $33m and JLC...

SINGAPORE - Catalist-listed precision engineering firm Allied Technologies on Wednesday night (June 6) responded to Singapore Exchange (SGX) queries on the flow of funds...

Chinese central bank steps up liquidity support for more banks after Baoshang takeover

SHANGHAI (REUTERS) - Boosting liquidity to the financial system on Thursday (June 6), China's central bank signaled its readiness to supply smaller banks with...

US stocks rally for 2nd day on bets for Fed rate cut

NEW YORK (AFP) - Wall Street stocks rose for a second straight session on Wednesday, (June 5) with solid data on the US services...

Fiat Chrysler withdraws merger offer for Renault, blames French politics

PARIS (REUTERS) - Fiat Chrysler said on Wednesday (June 5) that it was withdrawing its US$35 billion ($47.8 billion) merger offer for Renault, blaming...

Mexico peso tanks on double whammy from ratings hit, no deal trade talks

MEXICO CITY (BLOOMBERG) - The Mexican peso fell as much as 1.4 per cent as the currency reeled from a one-two punch, the first...

Attilan Group served delisting notice, plans to appeal to SGX

SINGAPORE - Mainboard-listed investment firm Attilan Group said on Thursday (June 6) that it is reviewing a notice of delisting from the Singapore Exchange...

Stocks to watch: Challenger, Lafe Corp, companies joining SGX watch-list

SINGAPORE - The following companies saw new developments that may affect trading of their shares on Thursday (June 6): Challenger Technologies: Challenger said on Tuesday...

27 companies added to SGX watch-list for not meeting minimum trading price criteria

SINGAPORE - The number of companies joining the Singapore Ecxhange (SGX) watch-list for not meeting minimum trading price (MTP) requirements has grown to 27...

Ayondo completes disposal of unit Ayondo Markets Limited

SINGAPORE - Catalist-listed Ayondo has completed the disposal of its entire stake in Ayondo Markets Limited (AML), the fintech firm announced on Thursday (June...

SGX to boost derivatives, target South-east Asia unicorns: CEO

SINGAPORE - The Singapore Exchange (SGX) aims to add products to its lucrative derivatives business and offer South-east Asian unicorns a platform to list...

US stocks gain on services data, dovish Fed

NEW YORK (AFP) - Wall Street stocks rose for a second straight session on Wednesday, (June 5) with solid data on the US services...

Oil prices fall on surprise US stocks rise, Russia supply comments

TOKYO (REUTERS) - Oil prices resumed their slide on Wednesday (June 5), dragged down by an unexpected gain in US inventories and comments from...

Samsung Electronics to cut China phone output as market share sinks

SEOUL/SHANGHAI (REUTERS) - South Korea's Samsung Electronics said on Wednesday (June 5) it plans to cut production at a smartphone plant in China, as...

Volkswagen to cut as many as 4,000 jobs as part of digital transition

FRANKFURT (BLOOMBERG) - Volkswagen AG's main car brand said it will cut as many as 4,000 general and administrative jobs in Germany - fewer...

IMF cuts China’s 2019 GDP growth forecast citing trade tensions

BEIJING (REUTERS) - The International Monetary Fund (IMF) on Wednesday (June 5) cut its 2019 economic growth forecast for China to 6.2 per cent...

British economy close to stagnation due to Brexit, weak global demand: PMI

LONDON (REUTERS) - British economic growth almost halted last month as a modest expansion in the services sector barely offset weakness among manufacturers and...

Asian stocks bounce on Wall Street’s Fed cheer, dollar stays weak

TOKYO (REUTERS) - Asian shares tracked Wall Street's rally on Wednesday (June 5), after US central bank comments pointed to increasing prospects of an...

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