Powell defends independence of Federal Reserve

Powell defends independence of Federal Reserve

[ad_1] It will maintain trust in central banks that monetary policy will not be abused for short-term gains that might win elections US Federal Reserve chairman Jerome Powell made a strident case for central bank independence on Wednesday (Jan 29), underscoring his point by indicating that interest rates will likely remain on hold until his…

Read More

PSA, Japan’s Mitsui OSK to set up roll-on, roll-off terminal in Singapore

PSA, Japan’s Mitsui OSK to set up roll-on, roll-off terminal in Singapore

[ad_1] Move is part of the Japanese shipping firm’s regional strategy to expand its automotive business [SINGAPORE] Japanese shipping firm Mitsui OSK Lines (MOL) has formed a joint venture with port operator PSA Singapore to establish a roll-on roll-off (RoRo) terminal in Singapore. “(The) strategic partnership will enhance terminal reliability and operational efficiency for MOL’s…

Read More

STI rises 0.4% after Fed pause

STI rises 0.4% after Fed pause

[ad_1] Across the broader market, gainers edge out decliners 289 to 288 after 1.6 billion securities worth S$2 billion change hands [SINGAPORE] The Straits Times Index (STI) closed higher on Thursday (Jan 29) after the US Federal Reserve overnight held interest rates unchanged during its first policy gathering of 2026. The blue-chip barometer closed 0.4…

Read More

CGSI raises target price on OUE Reit to S$0.41 on better-than-expected 2025 earnings, positive outlook

CGSI raises target price on OUE Reit to Salt=

[ad_1] Analysts keep ‘add’ call management’s positive view on rental revisions for commercial assets [SINGAPORE] CGS international raised its target price for OUE Real Estate Investment Trust (Reit) to S$0.41 from S$0.38 on the back of better-than-expected 2025 earnings and positive outlook for 2026. Analysts Lock Mun Yee and Li Jialin kept their “add” call…

Read More

Jardine C&C group MD Benjamin Birks to step down in April

Jardine C&C group MD Benjamin Birks to step down in April

[ad_1] Successor has not yet been named, but will be announced in due course. [SINGAPORE] Mainboard-listed Jardine Cycle & Carriage (Jardine C&C) group managing director Benjamin Birks will step down from his role on Apr 30 to pursue new opportunities. Birks, who also serves as the executive director of the company, will officially vacate his…

Read More

Britain’s Lloyds’ annual profit rises 12%, upgrades guidance

Britain’s Lloyds’ annual profit rises 12%, upgrades guidance

[ad_1] Its profit before tax for 2025: £6.7 billion, up from £5.97 billion the year before and better than the £6.4 billion average of analysts’ forecasts Published Thu, Jan 29, 2026 · 05:04 PM [LONDON] Lloyds Banking Group said on Thursday (Jan 29) that its annual profit rose by 12 per cent, beating expectations. It…

Read More

Gold demand in Singapore jumps 48% to a record 9.6 tonnes in 2025

Gold demand in Singapore jumps 48% to a record 9.6 tonnes in 2025

[ad_1] Appetite for the metal grew the fastest in the city-state among South-east Asia countries [SINGAPORE] Investors in Singapore seeking safe haven assets and portfolio diversification piled into gold in 2025, with demand rising 48 per cent year on year to 9.6 tonnes – the highest level on record. This comes as global investment demand…

Read More