Culture
RBNZ surprises with larger rate cut, sparking currency drop
Growth has been tepid since a deep recession in 2024 despite the the central bank’s aggressive easing cycle [WELLINGTON] New Zealand’s central bank cut interest rates by 50 basis...
Gold prices hit record high, nears US$4,000 per ounce mark on safe-haven demand
[BENGALURU] Gold prices climbed to an all-time high on Wednesday (Oct 8), nearing the crucial US$4,000-per-ounce level, bolstered by economic and geopolitical uncertainty and expectations of additional interest rate...
Intel to reveal tech details on forthcoming PC chip: sources
The Panther Lake chips are the company’s high-end mobile processors that are typically included in more expensive laptops[SAN FRANCISCO] Intel plans to release technical details about its forthcoming chip...
Europe: Luxury rebound in France cushions European stock losses amid turmoil
[BENGALURU] European stocks slipped on Tuesday (Oct 7), dragged down by healthcare and bank shares, while a luxury-led rebound in France kept regional losses in check after Monday’s political...
Mercedes posts worst quarterly China sales since 2016 as demand crisis deepens
[FRANKFURT] Mercedes-Benz Group’s China sales tumbled 27 per cent in the third quarter to their lowest level in almost a decade as luxury demand in the country remains weak...
Info-Tech Systems’ CFO to resign, shortly after SGX mainboard listing
Gan Lai Thong’s last day in the role will be Dec 31, 2025; no replacement announced yet[SINGAPORE] The chief financial officer (CFO) of software provider Info-Tech Systems will leave...
StarHub prices S$200 million perpetual securities at 3.35%
Net proceeds from the issue will be used to finance the group’s general corporate funding requirements and investments[SINGAPORE] StarHub has priced S$200 million in subordinated perpetual securities at 3.35...
US: Wall Street opens higher as Fed cues awaited
WALL Street’s main indexes opened higher on Tuesday (Oct 7), a day after the S&P 500 and the Nasdaq hit record closing highs, with focus now shifting to a...
Yen, euro extend slide against US dollar as politics calls the shots
[LONDON] Political developments drove currency markets again on Tuesday (Oct 7) with the yen falling to a two-month low after Sanae Takaichi’s leadership victory in Japan, while the euro...
NYSE parent nears deal for US$2 billion stake in crypto-based betting startup Polymarket: sources
INTERCONTINENTAL Exchange, the parent of New York Stock Exchange, is in talks to invest US$2 billion in Polymarket, The Wall Street Journal reported on Tuesday (Oct 7), citing people...
