Culture
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...
Oil posts 8% weekly loss on potential Opec+ supply additions
[HOUSTON] Oil prices settled higher on Friday but posted a weekly loss of 8.1 per cent after news of potential increases to Opec+ supply.Brent crude futures closed up 42 cents,...
Europe: Shares mark best week since April on boost from banks, healthcare
EUROPEAN shares logged their best weekly showing in five months on Friday with healthcare and miners leading advances on the day as rising bets on a Federal Reserve rate cut...
Fu Yu closes investigations into supply chain unit, sees ‘no merit’ in taking action against individuals involved
[SINGAPORE] Precision manufacturer Fu Yu Corporation will close its investigations into irregularities at its wholly owned supply chain unit, and will not take further action against the individuals involved.“The...
US: Wall St opens higher as rate-cut hopes drive momentum
[NEW YORK] Wall Street’s main indexes opened higher on Friday (Oct 3) as optimism about an imminent interest-rate cut by the Federal Reserve boosted sentiment in the final trading...
AI spending boom is a bubble that will pay off: Bezos
[TURIN] Amazon.com chairman Jeff Bezos said that the spending on artificial intelligence resembles an “industrial bubble” that could lead to lost investment but will also make society better off....
Surge in interest, capital into private credit as investors retool portfolios
A large majority of them are intending to make an allocation to a private debt fund: Preqin[SINGAPORE] More capital has been flowing into private credit, amid growing interest among...
Net-Zero Banking Alliance formally winds down after Wall Street exodus
THE world’s biggest climate alliance for banks said on Friday (Oct 3) that it has ceased operations, bringing to a formal end a project that drew net-zero pledges from...
