Culture
Apac family offices responded most vigorously to tariff turmoil globally: report
[SINGAPORE] Family offices in the Asia-Pacific region responded more vigorously to tariff turmoils than their counterparts elsewhere, a report has found.In the market turmoil following the US’ tariff announcement...
Musk answers Tesla’s pay proposal with US$1 billion stock buy
ELON Musk responded to an unprecedented pay proposal from Tesla’s board by buying about US$1 billion worth of shares, sending the stock soaring in premarket trading.The billionaire bought the...
Indonesia weighs new central bank mandate; rupiah weakens
INDONESIAN lawmakers are weighing changes at the central bank that include a broader mandate and a lower bar for removing senior officials, heightening investor concerns about the monetary authority’s...
STI closes flat on Tuesday as regional peers gain
Decliners outnumber advancers 278 to 256 in the broader market, with 1.5 billion shares worth S$1.4 billion changing hands[SINGAPORE] The Straits Times Index (STI) closed flat on Tuesday (Sep...
Food-delivery platform foodpanda to rely on affordability, convenience and quick commerce to drive growth
[SINGAPORE] It has been eight months since Bhavani Shankar Mishra took over the hot seat as Singapore managing director for food-delivery platform foodpanda – and his stint has not...
China’s Tencent aims to raise US$1 billion equivalent in dim sum bonds
[SYDNEY] Chinese gaming and social media leader Tencent Holdings is aiming to raise the equivalent of US$1 billion in a three-tranche offshore yuan bond deal, according to two sources...
Nvidia’s new RTX6000D chip for China finds little favour with major firms: sources
[BEIJING/SHANGHAI] Nvidia’s RTX6000D, its newest artificial intelligence (AI) chip tailored for the Chinese market, has seen only lukewarm demand with some major tech firms opting not to place orders,...
Majority of BOK board members back future policy easing
[SEOUL] South Korea’s monetary policy board said the economy needs more policy interest rate cuts in the coming weeks to address the hit to growth from US tariffs, minutes...
Great Eastern up 2.7%, hits highest price since trading resumption during market hours
Insurer’s shares were suspended in July 2024 after its free float fell under 10% following a failed takeover bid by its parent OCBC[SINGAPORE] Great Eastern shares rose by close...
Australian pension funds to expand use of forex hedging as size grows
[SYDNEY] Australian pension funds will have to expand the use of foreign exchange hedging as the sector is likely to grow in size to become the second-largest globally with...
