Culture
MUFG’s next CEO Hanzawa seeks growth to close gap with global rivals
While widely seen as a safe choice, whether he can further elevate the group with 400 trillion yen in assets will be closely watched[TOKYO] Junichi Hanzawa, the next chief...
Thai central bank is ‘taking action’ on baht, worried by rapid rise
[BANGKOK] Thailand’s central bank has taken action to tackle the appreciation of the baht, governor Vitai Ratanakorn said on Tuesday (Dec 16).It is worried about the currency’s rapid rise...
Rupee hits record low, pressured by persistent outflows and NDF maturities
[MUMBAI] The Indian rupee slipped to an all-time low for the fourth consecutive session on Tuesday, pressured by dollar bids spurred by the likely maturity of positions in the...
DBS, OCBC hit new records but UOB lags
The new records follow DBS’ appointment by the Chinese central bank to be the first local bank to serve as a yuan clearing lender[SINGAPORE] Shares of two local banks,...
Stock investing in 2026 demands diversification, active approach amid AI boom, geopolitical risks
Markets across Asia are likely to benefit from recent Fed rate cuts as well as a weaker US dollar[SINGAPORE] Diversification and active management are likely to become more important...
Asian markets retreat ahead of US jobs as tech worries weigh
ASIAN markets extended losses with Wall Street on Tuesday as investors jockeyed for position ahead of key US jobs and inflation data, while sentiment remains subdued by worries over...
ExxonMobil’s latest Singapore facility signals that innovation can continue amid global challenges: DPM Gan
The move comes even as the company is set to lay off 10 to 15% of its Singapore workforce by end-2027[SINGAPORE] A new facility set up by oil giant...
JPMorgan lets rich European clients borrow against luxury cars
The Wall Street giant’s private bank will give clients the option of borrowing against classic, rare or custom-designed automobiles[LONDON] JPMorgan Chase is expanding its lending services to the wealthy...
IndiGo chaos unmasks fragility of India’s aviation market
The crisis that has engulfed the airline, and led to more than 580,000 passengers being stranded[NEW DELHI] In a matter of days, the reputation of India’s biggest airline was...
Elon Musk’s fortune soars above US$600 billion on new SpaceX valuation
The company is the biggest player in the orbital launch industry with its Falcon 9 rockets[NEW YORK] Elon Musk’s wealth has reached a new high, topping US$600 billion for...
