Lifestyle
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):
Sri Lanka’s tea producers warn 70% wage hike will hit industry
SRI Lanka’s tea producers on Monday (May 27) condemned a government order to increase wages by 70 per cent, saying it would make their tea globally uncompetitive and reduce...
Europe: Shares end holiday-affected session higher as bond yields ease
EUROPEAN stocks closed slightly higher on Monday and government bond yields eased, amidst hints of upcoming interest rate cuts by the European Central Bank (ECB), though trading activity was light as some...
Regional stock exchanges, market players seize opportunities in commodities as interest spikes
MACROECONOMIC uncertainty is driving both institutional and retail investors in the region towards safe-haven assets and alternative investment options that could buffer portfolios from shocks. Market players in South-east Asia...
