Culture
US: Wall Street subdued at open after Powell offers no rate clues
[NEW YORK] Wall Street’s main indices posted subdued gains at Thursday’s (Oct 9) open, after Federal Reserve chair Jerome Powell offered no fresh policy signals, leaving investors to rely...
Launch of knowledge hub aims to beef up AI use among financial institutions: Chee Hong Tat
[SINGAPORE] The Monetary Authority of Singapore (MAS) has launched an artificial intelligence (AI) knowledge hub to help the city-state’s financial institutions strengthen their capabilities in the implementation of AI....
Surprise rate decisions in Asia signal growing economic unease
They underscore growing domestic economic and market uncertainties exacerbated by US tariffs[HONG KONG] Three central banks over two days surprised markets and economists with unexpected interest rate decisions, each...
Hedge funds are using options to bet on year-end US dollar gain
[SINGAPORE] Hedge funds worldwide look to be favouring the US dollar in the option market as they bet that the currency’s rebound versus most major peers will extend into...
Singapore stocks buck regional trend; STI down 0.4%
All three local banks end lower; Genting Singapore is the most actively traded counter on the STI for the second day running [SINGAPORE] Local shares ended Thursday (Oct 8)...
Ferrari lifts the hood on EV tech in maiden electric car
The unveiling offers a glimpse into the brand’s EV future, marking a major milestone in the auto industry’s shift from combustion to battery power[MARANELLO] Ferrari has unveiled the technology...
Matcha mania hits Singapore as retail prices soar
AS matcha’s popularity continues to skyrocket, the demand for this vibrant green tea is outpacing supply. This story takes a closer look... Source link
Uniqlo owner Fast Retailing posts record profit for fourth year
The apparel maker beats its own forecast, with operating profit jumping to 564.3 billion yen[TOKYO] Japan’s Fast Retailing, owner of global clothing brand Uniqlo, booked its fourth consecutive year...
Asia’s Reit market ‘finally recovering’ amid lower interest rates and new listings: Aprea
[SINGAPORE] The real estate investment trust, or Reit, market in Asia is “finally recovering” on the back of lower interest rates, higher investor demand and a surge in new...
Porsche’s China sales slump 21% on muted luxury demand
The manufacturer is shaking up its leadership and cutting jobs as part of a broader effort to get back on track[BEIJING] Porsche’s sales in China fell 21 per cent...
