Culture
Foxconn’s third-quarter revenue hits record, misses market forecast
[TAIPEI] Taiwan’s Foxconn, the world’s largest contract electronics maker, reported record third-quarter revenue on strong demand for artificial intelligence (AI) products, though it missed the market forecast and offered...
Morgan Stanley bets on post-Brexit pound high in 2026
MORGAN Stanley is betting that the pound will rally after the UK’s November budget to hit a decade-high next year.The US bank recommends that investors take advantage of any...
Private credit risks to be assessed by US government watchdog
THE US Government Accountability Office (GAO) is assessing the risks posed by private credit, in a sign that Washington is further scrutinising the impact of the US$1.7 trillion industry...
Coface eyes growth in South-east Asia amid rising trade risks
The French trade credit insurer is betting on Asia as the global economy’s driving force [SINGAPORE] In a world where global trade faces mounting headwinds, French trade credit insurer...
Bitcoin rises to a record as ‘debasement’ trade spurs risk rally
BITCOIN set another all-time high as a broader risk rally around the US government shutdown buoyed the world’s largest cryptocurrency.The token climbed to as high as US$125,689 on Sunday...
Wilmar chair Kuok Khoon Hong and Centurion joint chair Han Seng Juan up stakes
[SINGAPORE] Over the five trading sessions from Sep 26 to Oct 2, institutions were net buyers of Singapore stocks with net institutional inflow of S$275 million, partially reversing the...
Federal Reserve’s Miran wants aggressive rate cuts but downplays differences with other officials
FEDERAL Reserve Governor Stephen Miran on Friday again pressed for an aggressive path of rate cuts citing the impact of Trump administration policies on the economy, while other central...
Electric vehicles drive UK new car market to best September since 2020
[LONDON] Britain’s new-car market logged its best September in five years, industry data showed on Saturday, as the crucial “new numberplate” month delivered record electric-vehicle uptake after a summer...
Asean’s next big test: Winning from accelerated EU trade deals
If the 10-nation bloc’s corporates move quickly, the region could see a wave of new European investment and establish a stronger foothold in global supply chainsTHE European Union has...
US: Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session
[NEW YORK] The S&P 500 eked out a record closing high in a volatile session Friday, with interest rate-cut expectations holding up as the US government shutdown went on...
