Lifestyle
STI up 7.4% over last six weeks on net institutional inflow
THE Straits Times Index (STI) has gained 5.5 per cent in the past six weeks, with dividends boosting total return to 7.4 per cent, Singapore Exchange (SGX) market strategist...
ABN Amro buys Fosun’s German bank in wealth management push
ABN Amro Bank agreed to buy German lender Hauck & Aufhäuser Lampe Privatbank for 672 million euros (S$985.3 million), expanding the Dutch company’s reach in wealth management.
The purchase, from...
Asahi Kasei to buy Swedish drugmaker Calliditas for US$1.1 billion
Japan’s Asahi Kasei said on Tuesday (May 28) it offered to acquire Calliditas Therapeutics for about US$1.1 billion as part of a plan to become a global drug company.The...
MOH extends Cordlife suspension by up to 3 months
SINGAPORE’S Ministry of Health (MOH) has issued a new notice to beleaguered private cord blood bank Cordlife : P8A 0%, barring them from collecting new cord blood and human...
Toyota, Subaru and Mazda commit to developing new engines
TOYOTA Motor and smaller Japanese automakers Subaru and Mazda Motor have each committed to developing new engines tailored to electrification, they said on Tuesday (May 28).“With these engines, each...
Temu’s parent PDD trades near cheapest level ever as geopolitical risks bite
SHARES of Temu parent PDD Holdings are being held back by geopolitical risks and fierce competition in China’s e-commerce sector.Granted, it US-listed stock has surged 43 per cent surge...
New Zealand central bank to activate debt-to-income tool to reduce high-risk lending
NEW Zealand’s central bank will limit the amount of money banks can lend for house purchases to six times a borrower’s annual pre-tax income. The Reserve Bank of New...
Stocks to watch: Seatrium, YZJ Shipbuilding, Boustead, OUE Reit, ARA H-Trust, Ley Choon
THE following companies saw new developments that may affect trading of their securities on Tuesday (May 28):
