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Credit Suisse’s Ray Farris named Prudential’s first chief economist
CREDIT Suisse veteran Ray Farris has been appointed chief economist of Prudential’s asset management arm, Eastspring Investments, to drive economic analysis and insights for both Eastspring and its parent...
Thai central bank says interest rate hold was robust policy amid uncertainty
THAILAND’S central bank said on Monday (Jan 6) that a decision to hold the key interest rate steady last month was a robust policy as the economy is facing...
Asian currency index falls to two-decade low on Fed, tariff bets
ASIAN currencies fell to a two-decade low, as the US dollar remains buoyed by robust US growth and president-elect Donald Trump’s tariff-hike vows. The Bloomberg Asia Dollar Index slipped...
China’s Geely Holding targets over five million units of annual sales by 2027
CHINA’S Geely Holding Group on Sunday (Jan 5) said it aims to sell more than five million vehicles annually by 2027, a big jump from 2023, which it hopes...
Gold extends drop after Fed officials express inflation concern
The bullion is unlikely to hit US$3,000 an ounce by the end of the year, pushing the forecast to mid-2026Gold fell for a second day as comments from Federal...
Gold steady as investors await US economic data
Gold prices held steady on Monday (Jan 6) as investors awaited a slew of US economic data due out this week for guidance on the US Federal Reserve’s interest...
SingPost cautions sale of Aussie assets not done deal; no definitive agreement yet for Famous Holdings
WHILE Singapore Post (SingPost) has been in discussions with various parties for the sale of its assets, there is no certainty that any transaction will arise, said the group...
PBOC maintains support for yuan with fix stronger than key level
CHINA reaffirmed its support for the yuan after allowing the currency to slip below a key support level in the last session.The People’s Bank of China (PBOC) set its...
iPhone supplier TDK rolls out new batteries to keep pace with AI
TDK, one of the main suppliers of batteries for Apple’s iPhones, will this year roll out an improved version of its most advanced product to help mobile devices keep...
Microsoft expects to spend US$80 billion on AI this fiscal year
MICROSOFT president Brad Smith on Friday (Jan 3) said the company is on track to pump about US$80 billion into artificial intelligence (AI) this fiscal year.Smith contended AI is...
