Posts by Swedan Margen
Asia: Stocks down with eyes on Mideast, dollar hit by Trump Fed comment
[HONG KONG] Most stocks fell on Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he had a handful of candidates to succeed Federal Reserve boss Jerome Powell, fuelling rate cut bets. Uncertainty over the US president’s trade war was also keeping…
Read MoreChina opens first offshore gold vault and contracts in Hong Kong
[SINGAPORE] The Shanghai Gold Exchange (SGE) has expanded outside mainland China for the first time, with the rollout of two new contracts and a bullion vault in Hong Kong. The launch serves a number of purposes, from broadening the Shanghai exchange’s international reach to strengthening China’s clout in commodity and currency markets and Hong Kong’s…
Read MoreMars US$36 billion Kellanova deal waved ahead by US regulator
[SAN FRANCISCO] Mars’ US$36 billion takeover of snack maker Kellanova was given the green light by the US Federal Trade Commission (FTC) on the same day European Union regulators opened up a lengthy probe of the deal. The head of antitrust enforcement at the Washington-based agency said a review of the deal found that it…
Read MoreIndonesia’s yield curve may steepen as Bank Indonesia unwinds intervention
[JAKARTA] Indonesia’s sovereign yield curve is set to steepen as the central bank reduces its use of short-term rupiah securities, prompting a shift in demand towards government bonds. The spread between 2- and 10-year bond yields this week reached the widest since June 2023. Bank Indonesia (BI) is in an interest-rate cutting cycle and investors…
Read MoreCivmec to acquire ship manufacturer Luerssen Australia for A$20 million
The aim of the deal is to solidify Australia’s sovereign shipbuilding capability [SINGAPORE] Australian construction engineering company Civmec will purchase Luerssen Australia from Naval Vessels Lurssen (NVL) Australia for A$20 million (S$16 million) in cash, the company said on Thursday (Jun 26). Civmec will take ownership of the whole business, including assets, employees and licences.…
Read MoreCivmec set to acquire ship manufacturer Luerssen Australia for A$20 million
[SINGAPORE] Construction and engineering services provider Civmec will purchase Luerssen Australia from Naval Vessels Lurssen (NVL) Australia for A$20 million (S$16 million) in cash, the company said on Thursday (Jun 26). Civmec will take ownership of the whole business, including assets, employees and licences. The deal will be funded by the group’s existing cash reserves.…
Read MoreGold inches higher as dollar softens, focus shifts to US economic data
Markets are awaiting US GDP data due later in the day and Personal Consumption Expenditures data on Friday Published Thu, Jun 26, 2025 · 09:26 AM [BENGALURU] Gold prices nudged higher on Thursday (Jun 26), supported by a softer US dollar, as investors looked ahead to upcoming US economic data for hints on the Federal…
Read MoreSGS bond demand to stay high as safe havens sought amid tariff risks, Middle East tensions: RHB
[SINGAPORE] Demand for Singapore Government Securities (SGS) bonds is set to stay high amid investor caution, as traders flock to safe havens on tariff uncertainty and Middle East tensions, an RHB report said on Wednesday (Jun 25). This comes as SGS 10-year yields have trended lower since the start of the year, diverging from US…
Read MoreCapitaLand India Trust prices S$100 million perpetual securities at 4.4%
The issuance is part of Clint’s S$1.5 billion multicurrency debt issuance programme [SINGAPORE] CapitaLand India Trust (Clint) has priced S$100 million worth of subordinated perpetual securities, with a fixed rate of 4.4 per cent per annum, the trustee-manager said on Wednesday (Jun 25). The issuance is part of Clint’s S$1.5 billion multicurrency debt issuance programme.…
Read MoreBumble to lay off 30% of global workforce as dating apps struggle
[BENGALURU] Bumble said on Wednesday (Jun 25) it would lay off nearly a third of its workforce, the latest cuts in a dating app industry striving to develop features that will keep users spending amid economic uncertainty. The company also raised its second-quarter revenue forecast, as a broader effort to revamp the platform starts to…
Read MoreFoxconn nears deal to supply electric buses to Mitsubishi Fuso: report
The Japanese commercial automaker and Taiwanese chipmaker are looking to create a new company to oversee the buses, according to the report Published Thu, Jun 26, 2025 · 08:46 AM [BENGALURU] Foxconn is nearing a deal to supply electric buses to Japanese commercial automaker Mitsubishi Fuso Truck and Bus, Japan’s Nikkei newspaper reported on Thursday…
Read MoreMicrosoft and OpenAI dueling over artificial general intelligence: report
Published Thu, Jun 26, 2025 · 08:46 AM MICROSOFT and OpenAI are at odds over a contractual provision related to artificial general intelligence, The Information reported on Wednesday. Under the current terms, when OpenAI achieves AGI, Microsoft’s access to such a technology would be void. Microsoft wants OpenAI to remove that clause but so far…
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