Culture
UK targets end-2026 for stablecoin rules to keep pace with US
[LONDON] The Bank of England (BOE) is aiming to have new stablecoin regulations in place by the end of next year, as policymakers around the world battle to contain...
Meta, Blue Owl seal US$30 billion private capital deal for AI
Structured investments are becoming more in demand as insurers and other types of investors search for debt tied to assets[NEW YORK] Mark Zuckerberg’s Meta Platforms is set to seal...
Samsung Electronics family to sell 1.7 trillion won stake amid share rally
The company has secured supply deals with other major customers and expectations have risen that the company will be able to supply its latest high-bandwidth memory products to Nvidia[SEOUL]...
Xiaomi shares post worst week in 3½ years as accidents stoke EV safety concerns
The company has not publicly acknowledged that the accidents involved its electric vehicles[BEIJING] Shares of Chinese electric vehicle (EV) maker Xiaomi suffered their biggest weekly loss in more than...
Boeing wins FAA approval to hike 737 MAX production to 42 planes per month
Supply chain problems seem to be more sporadic and unpredictable than before the Covid-19 pandemic[WASHINGTON/SEATTLE] Boeing won approval on Friday (Oct 17) to raise its 737 MAX production to...
Blackstone, TPG near Hologic deal for more than US$17 billion
The parties are currently discussing a price of above US$75 a share, according to sources[NEW YORK] Blackstone and TPG are in advanced negotiations to acquire Hologic in a deal...
Trump approves expanding credits for US auto production, issues new 25% truck duties
[WASHINGTON] US President Donald Trump on Friday (Oct 17) signed orders expanding credits for US auto and engine production and setting new 25 per cent tariffs on imported medium-...
Banking shares’ wobbles reveal growing unease over credit risks
The markets have weathered a string of credit scares and surprise write-downs over the past two years[NEW YORK/LONDON/SINGAPORE] A clutch of bad loans at banks in recent weeks has...
HSBC expects gold’s ‘bull wave’ to hit US$5,000 an ounce in 2026
The bank has cited geopolitical risks, economic policy uncertainty and rising public debt as factors supporting the price[BENGALURU] HSBC on Friday (Oct 17) forecast that gold’s bull rally would...
Gold pulls back after record high on firm US dollar, Trump’s China remarks
Markets are pricing in a 25-basis-point cut at the Federal Reserve’s October meeting and another in December[BENGALURU] Gold prices fell more than 2 per cent on Friday (Oct 17)...
