Culture
South Korea digs deeper into intervention toolkit as won slides
The won has been Asia’s worst-performing currency in the second half of the year[SEOUL] In South Korea, calls for action to stem the won’s decline are getting louder by...
StanChart, Ant International launch blockchain-based tokenised deposits in Singdollar, greenback
The new solution demonstrates how businesses can use blockchain technology to make transactions faster, more secure and more efficient[SINGAPORE] Standard Chartered (StanChart) on Thursday (Dec 18) announced the launch...
Thai central bank proposes controls on gold trade, ready to cut rates further
[BANGKOK] The Thai central bank is calling on the finance ministry to control gold trading after a surge in transactions helped drive up the value of the baht, its...
Gold steady ahead of key US inflation data; silver near record highs
GOLD prices were steady on Thursday, supported by dovish Federal Reserve signals but restrained by a resilient dollar ahead of key US inflation data this week, while silver hovered...
Trump says next Fed chair will believe in lower interest rates ‘by a lot’
[WASHINGTON] US President Donald Trump said on Wednesday the next chairman of the US Federal Reserve will be someone who believes in lower interest rates “by a lot.”“I’ll soon...
Apac real assets show strength in 2025; NTT DC Reit anchors conviction of investors in data centres: report
This comes despite ongoing geopolitical and trade uncertainty weighing on business sentiment, says Aprea[SINGAPORE] Real assets were ranked as one of global markets’ strongest performers in 2025, where Asia-Pacific...
BP appoints Woodside’s Meg O’Neill as CEO after Auchincloss’ abrupt exit
[LONDON] Oil and gas major BP has tapped Woodside Energy’s Meg O’Neill as its next CEO, its first external hire for the post in over a century and the...
OCBC users hit by short-lived mobile and online log-in error; bank says issue resolved
[SINGAPORE] OCBC digital users are now able to access mobile and online banking services, following a short-lived outage on Thursday (Dec 18) morning.About 1,000 outage reports were lodged on...
Asian markets track Wall Street lower as AI fears mount
ASIAN markets sank on Thursday after another sell-off on Wall Street as worries over the tech sector’s colossal spending on artificial intelligence continued to dog investor sentiment.Hopes for an...
Why China isn’t rushing to buy Nvidia’s H200 AI chip
The US is offering China Nvidia’s second-fastest AI chip, the H200, but Beijing is holding back. Behind the hesitation lies a high-stakes struggle over technology, control, and the future...
PDD, owner of Temu, fires dozens of workers after fistfight with China officials
PDD Holdings fired a government relations team in Shanghai following a fistfight between employees and Chinese regulators who were performing checks at the e-commerce company, according to people familiar...
KGI starts Ever Glory at ‘outperform’ with S$1.20 target amid high construction demand in Singapore
Its asset-light model and careful working-capital management enable disciplined expansion, says analyst [SINGAPORE] KGI Securities has initiated coverage on Ever Glory United with an “outperform” rating and a target...