Culture
Nasdaq makes push to launch trading of tokenized securities
If approved, the move would mark the first instance of tokenized securities being allowed to trade on a major US stock exchange[NEW YORK] Nasdaq is working with US regulators...
US: Wall St opens higher as Fed rate cut expectations firm
[NEW YORK] Wall Street’s main indexes opened higher on Monday (Sep 8), rebounding from the previous session’s decline, amid hopes that the Federal Reserve could lower borrowing costs soon...
Thailand vows to curb baht swings as currency hits 4-year high
[BANGKOK] Thailand’s central bank vowed to take steps to ease baht volatility and limit the influence of gold prices after the local currency rallied to a four-year high.The baht...
Tesla market share in US drops to lowest since 2017 as competition heats up
The falling share reveals the company’s increasingly difficult choice of supporting sales using higher, profit-destroying incentives for buyers or maintaining profits and giving up market share[SAN FRANCISCO] Tesla’s US...
Aoxin Q&M’s ex-CEO accused of taking 15 million yuan via improper loans, sham share deals
The audit committee has ‘reasonable evidence’ that four whistleblower reports received by the board are credible[SINGAPORE] The audit committee of Aoxin Q&M Dental has found “reasonable evidence” that the...
US mulls annual China chip supply permits for Samsung, Hynix
[WASHINGTON] The US is proposing annual approvals for exports of chipmaking supplies to Samsung Electronics and SK Hynix’s factories in China, a compromise aimed at preventing disruptions to the...
Singapore stocks end flat amid regional rally amid US rate cut expectations
[SINGAPORE] Local stocks ended flat on Monday (Sep 8) while Asian markets rallied amid expectations that the US will cut rates in September, given a weak jobs report. The...
China can’t be counted on to absorb global crude surplus as Opec+ bumps up production: market watchers
Crude could trade at below US$60 a barrel by end-2025 as the world’s largest oil importer slows down stockpiling [SINGAPORE] The crude oil market is embracing a rising supply...
China’s e-commerce companies are getting singed by a price war
[SHANGHAI] The bitter battle among China’s major online companies to win the “instant retail” war is expected to further depress their short- to medium-term profits and contribute to deflationary...
London’s commuters face travel chaos as tube strike hits hard
All fleet staff walk out on Monday, causing chaos for the UK capital’s commuters[LONDON] Londoners face severe travel disruption as a seven-day strike by workers on the city’s underground...
Cosco Shipping Holdings and Orient Overseas (International) could be hit by over US$2.1 billion in US port fees: HSBC
This could erode 74% and 65% of consensus Ebit margin forecast for FY2026 for Cosco Shipping Holdings and Orient Overseas (International), respectively [SINGAPORE] Chinese lines Cosco Shipping Holdings and...
