Technology
STI edges down 0.1% on Monday, bucking regional trend
Across the broader market, advancers outnumber decliners 319 to 240 after 1.7 billion shares worth S$1.4 billion change hands[SINGAPORE] The Straits Times Index (STI) inched lower on Monday (Sep...
Hedge fund Arrowpoint seeks US$400 million in new money by March
The performance and fund-raising plans stand out in a market where investors’ appetite for multistrategy, multimanager hedge funds has begun to abate[HONG KONG] Arrowpoint Investment Partners aims to raise...
SGX’s new index needs clear differentiators to avoid being ‘just another index’, say analysts
While it can raise the profile of larger non-STI stocks and attract fund products, analysts call for more clarity on criteria for inclusion[SINGAPORE] Market watchers have floated ideas for...
SingPost launches new retail postal service to US in response to import rule changes
The service offers two flat-rate packaging options, with upfront calculation of duties and taxes[SINGAPORE] Singapore Post (SingPost) will from Monday (Sep 15) launch a new postal service to the...
Hong Kong pitches itself as assembly base for China EV makers
[HONG KONG] Hong Kong is in talks with several Chinese electric-vehicle (EV) makers to establish local EV manufacturing, according to people familiar with the matter, as the financial hub...
US penalises two Chinese companies that acquired tools for chipmaker SMIC
[NEW YORK] The US on Friday (Sep 12) penalised two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker Semiconductor Manufacturing International Corporation (SMIC), including them among...
US: Wall St opens muted after record highs, on track for weekly gains
[NEW YORK] Wall Street indexes opened subdued on Friday (Sep 12) after notching record highs in the previous session, though they remained on track to log gains in a...
EU could quit Russian gas within a year, US energy chief says
The United States is ramping up pressure on Europe to cut off energy revenue to Moscow, seeking to end the war in Ukraine[BRUSSELS] The European Union could phase out...
