Culture

Goldman hoists gold target to US$3,100 on central-bank demand
GOLDMAN Sachs Group raised its year-end gold target to US$3,100 an ounce on central-bank buying and inflows into bullion-backed exchange-traded funds, highlighting Wall Street’s enthusiasm for the metal. Central-bank demand...
Tourism bounce helps Thai banks trim bad loans from three-year high
NON-performing loans at Thailand’s commercial banks dropped from a three-year high as a post-pandemic tourism recovery boosted debt repayment ability of hotels, restaurants and other travel-related businesses. Bad loans totalled...
Robinhood expects to launch crypto products in Singapore in 2025
ROBINHOOD Markets plans to launch Singapore crypto offerings in 2025 through an entity of European digital-assets exchange Bitstamp, which it recently acquired. The company intends to roll out the services...
Singapore shares track regional gains on Tuesday; STI up 0.5%
Across the broader market, advancers outnumber decliners 322 to 231, after 1.4 billion shares worth S$1.4 billion change handsTHE Straits Times Index (STI) edged up on Tuesday (Feb 18),...
Asia: Tech rally helps Hong Kong lead markets higher
HONG Kong resumed its tech-led rally on a healthy day for Asian markets on Tuesday (Feb 18) as a meeting between President Xi Jinping and China’s top business leaders...
China’s Sany Heavy Industry aims to raise up to US$1.5 billion in planned Hong Kong listing: sources
CHINESE manufacturer Sany Heavy Industry is planning a listing in Hong Kong that could raise up to US$1.5 billion, two sources familiar with the matter said on Tuesday (Feb...
Complaints targeting BYD flood Chinese consumer portal after smart EV launch
COMPLAINTS about BYD over its move to offer free smart driving features across most of its line-up have flooded a prominent Chinese auto quality platform, many from customers who...
Australian central bank cuts rates for first time since November 2020
Inflation has dropped from a peak of 7.8 per cent in December 2022 and now sits at 2.4 per cent, according to the RBAAUSTRALIA’S central bank cut its key...
LG kicks off roadshows for US$1.5 billion India IPO
LG ELECTRONICS has started roadshows to meet potential investors in the initial public offering (IPO) of its Indian unit, sources familiar with the matter said.The South Korean company has...
Tesla hires in India, signalling entry plans after Modi’s US trip
Tesla’s India intent follows Modi’s meeting with Musk and US President Donald Trump in Washington last weekTESLA is hiring in India, a sure sign it plans to enter the...
TPG proposes to privatise Econ Healthcare in S$88 million deal
US private equity firm TPG, through its special purpose vehicle, is looking to take Catalist-listed nursing operator Econ Healthcare (Asia) private by way of a scheme of arrangement, in...
Virgin overtakes Qantas as Australia’s largest domestic airline
VIRGIN Australia overtook Qantas Airways to become Australia’s largest and most reliable airline at the end of last year, sending a warning to the marquee carrier and supporting a...