Culture
Slow rate hikes could cause wage-price spiral, Bank of Japan paper says
Hiking interest rates only gradually as raw material costs rise could heighten the risk of an upward spiral in wages and consumer prices,…
Section
Culture
Culture
Air India warned for flying Airbus planes with unchecked escape slides
India’s aviation regulator has warned Air India for breaching safety rules after three of its Airbus planes flew despite being overdue…
Culture
How Pop Mart’s Labubu became a monster of a business
LABUBU is a little doll in fleecy, bunny-eared onesies whose coffee-bean eyes hover above a smile lined by a row of serrated teeth.…
Culture
JPMorgan, Macquarie bet on S-Reits amid falling borrowing costs, MAS mandates
Singapore-listed real estate investment trusts (S-Reits) could gain from falling interest rates, particularly those with a domestic focus,…
Culture
China keeps benchmark lending rates unchanged as expected in June
China kept benchmark lending rates unchanged as expected on Friday, after Beijing rolled out sweeping monetary easing measures a month…
Culture
Stock to watch: SingPost
The following company saw new developments that may affect trading of its securities on Friday (Jun 20): Singapore Post (SingPost): The…
Culture
Singapore’s banking hub has a corner where cash is still king
In the heart of Singapore, a financial hub where billions of dollars zip around the world over computer screens in nanoseconds, there’s a…
Culture
Singapore’s banking hub has a busy corner where cash is still king
In the heart of Singapore, a financial hub where billions of dollars zip around the world over computer screens in nanoseconds, there’s a…
Culture
ArcelorMittal drops plans for green steel in Germany due to high energy costs
ArcelorMittal, the world’s second-largest steelmaker, said on Thursday it had dropped plans to convert two plants in Germany to…
Culture
MOF says SRS withdrawal process ‘can be improved’, will work with banks on this
The government will work with Supplementary Retirement Scheme (SRS) bank operators to smoothen account holders’ process of withdrawing…
Culture
Canada will ‘adjust’ counter tariffs on US metals if no deal in 30 days
Canada will “adjust” its 25 per cent counter tariffs on US steel and aluminum in response to a doubling of US levies if a bilateral trade…
Culture
SpaceX Starship explodes on Texas launch pad
A SpaceX Starship rocket exploded during a routine ground test in Texas late on Wednesday, the company said, in the latest setback to…
Culture
Oil prices up nearly 3% as Israel-Iran conflict escalates, US response remains uncertain
Oil prices jumped almost 3 per cent on Thursday as a week-old air war between Israel and Iran escalated and uncertainty about potential US…
Culture
Europe: Shares dive as Middle East tensions, US involvement fears weigh
EUROPEAN shares skidded to an over one-month low on Thursday as escalating Middle East tensions and fears over potential US involvement…
Culture
Trump says he signed executive order extending deadline for TikTok closing
President Donald Trump said on Thursday (Jun 19) that he has signed an executive order extending the June 19 deadline for China-based…
Culture
Trump extends deadline for TikTok sale by another 90 days to Sep 17
US President Donald Trump announced on Thursday (Jun 19) that he has given social media platform TikTok another 90 days to find a…
Culture
Top Thai billionaires-backed groups win digital bank permits
Three groups led by Charoen Pokmhand Group, Gulf Development and SCB X have clinched Thailand’s new virtual bank licences to boost…
Culture
EU countries back winemaker support plan, with 'low-alcohol' tweak
countries Thursday (Jun 19) backed plans by Brussels to give winemakers a leg up – with some tweaks, including reducing labelling…
Culture
DBS expects economic value from its use of AI to exceed S$1 billion in 2025
Banks are ramping up their use of artificial intelligence (AI), and DBS – which has earned S$750 million through its use of the technology…
Culture
Bank of England keeps rates steady, sees further loosening as jobs market weakens
The Bank of England held interest rates at 4.25 per cent as expected on Thursday (Jun 19) but said it was focused on risks from a weaker…
Culture
Weaker greenback raises risk of currency mismatch for Asian insurers holding USD assets
A mismatch between the currencies in which insurers’ assets and liabilities are held can put pressure on their capital and ability to…
Culture
Singapore stocks sink on Thursday after Powell signals higher inflation; STI down 0.7%
Local shares fell for a second consecutive session on Thursday (Jun 19), after US Federal Reserve chair Jerome Powell warned of…
Culture
South Korea’s Cuckoo set for Malaysia debut after scaling down IPO
A subsidiary of South Korean home-appliance maker Cuckoo Holdings is set to go public in Malaysia after a scaled-down offering that is…
Culture
Chevron seeks buyers for 50% stake in Singapore refinery: sources
US oil major Chevron has sought non-binding bids for the sale of its 50 per cent stake in Singapore Refining Company (SRC), including from…