Lifestyle
China’s LGFVs raise record dim sum debt as domestic curbs bite
CHINESE local government financing vehicles (LGFVs) are selling an unprecedented amount of offshore yuan bonds, skirting attempts made by Beijing to reduce their debt sales.LGFVs have raised 163.6 billion...
Yeo Hiap Seng lays off 25 employees as Oatly shuts its Singapore plant
YEO Hiap Seng will be laying off 25 employees as a result of Oatly’s decision to cease its manufacturing operations in Singapore.
On Thursday (Dec 19), the beverage manufacturer...
MicroStrategy’s Michael Saylor wants more ‘intelligent leverage’
MICROSTRATEGY co-founder and chairman Michael Saylor says the dot-com-era software maker turned leveraged Bitcoin proxy plans to focus more on fixed-income securities for raising capital to buy the cryptocurrency,...
Micron drops after sluggish PC, phone demand hurts forecast
MICRON Technology, the largest US maker of computer memory chips, tumbled in late trading after its revenue forecast missed projections by about US$1 billion, hurt by sluggish demand for...
China firms seeking second listings seen boosting Hong Kong deal volume
HONG Kong’s dealmakers are betting on mainland-traded Chinese companies’ second listings to boost share-sale volumes next year, building on a pickup in recent months.
Such listings could help lift Hong...
Citi and Maybank Securities collaborate to offer global securities lending to Singapore retail investors
This collaboration marks the introduction of Citi Securities Lending Access in Asia CITI and Maybank Securities announced on Wednesday (Dec 18) that they will be working to facilitate the...
Boeing says it has resumed 767, 777 wide-body production
BOEING said late on Tuesday it has resumed production of all airplane programmes that had been halted by a machinists’ strike in the Pacific North-west.The planemaker confirmed last week...
STI continues losing streak; falls 0.5% on Wednesday
THE Straits Times Index (STI) continued the losing streak on Wednesday (Dec 18), while regional indices had mixed results. The STI was down 0.5 per cent or 20.31 points...
