Culture
US: Wall St opens higher as investors await economic data, Powell comments
WALL Street’s main indexes opened higher on Wednesday (Dec 4), with the benchmark S&P 500 and the Nasdaq hitting all-time highs as…
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Culture
Culture
Political drama hits South Korean markets with investors likely to stay cautious
NERVOUS investors sold off South Korean heavyweight stocks yesterday after the shock move by the country’s President Yoon Suk-yeol on…
Culture
GM sees US$5 billion hit to restructure troubled China business
GENERAL Motors will incur more than US$5 billion in charges and writedowns tied to its troubled operations in China as the automaker tries…
Culture
Hong Fok acquires five units at International Building for S$27.8 million
PROPERTY developer Hong Fok Corporation, through its wholly owned subsidiary Super Homes, has acquired five ground-floor units at…
Culture
Indosuez appoints new CEO for Asia
Laurent Proutiere assumes the role from Mar 1, 2025, subject to regulatory approval INDOSUEZ, the wealth management brand of Credit…
Culture
Malaysia faces backlash over plan to broaden Internet controls
THE Malaysian government has come under fire for its plan to tighten its grip over the internet, via regulations that critics warn could…
Culture
Bank Indonesia says it’s ready to intervene to steady rupiah
INDONESIA’S central bank said it was ready to intervene in currency markets to steady the rupiah as it weakened towards the psychological…
Culture
Explainer: What is martial law and how does it affect business and economic activity
SOUTH Korean shares slumped Wednesday (Dec 4) after President Yoon Suk Yeol’s shock declaration of martial law overnight. This was the…
Culture
What is martial law, and how does it affect South Korea’s business and economic activity?
SOUTH Korean shares slumped on Wednesday (Dec 4) after President Yoon Suk Yeol’s shock declaration of martial law overnight. This was the…
Culture
Australia’s economic growth stays tepid in challenge for RBA
AUSTRALIA’S economic growth remained sluggish last quarter as a surge in government spending underpinned the expansion, highlighting the…
Culture
These airlines saw the most delays and complaints in 2024
THE Sunday (Dec 1) after Thanksgiving weekend marked a fresh record for US air travel with the Transportation Security Administration…
Culture
Indonesia must shut coal plants every year to hit climate goal
INDONESIA needs to shut multiple coal plants a year while also tripling renewables to meet its new president’s ambition of a full…
Culture
STI up 0.4% amid mixed regional trading on South Korea political drama
SINGAPORE shares ended higher on Wednesday (Dec 4) amid mixed regional trading, as uncertainty loomed over Asia markets after South Korean…
Culture
Cargill begins job cuts in drive to reduce headcount by 5%
GLOBAL commodities trader Cargill began laying off employees across its vast operations on Tuesday (Dec 3) in a drive to slash headcount…
Culture
Stocks to watch: Digital Core Reit, Marco Polo Marine
THE following companies saw new developments that may affect trading of their securities on Wednesday (Dec 4): Digital Core Real Estate…
Culture
JPMorgan bolsters Florida bet with 300 new jobs in Orlando
JPMORGAN plans to hire 300 people in the Orlando area over the next two years, part of the largest US bank’s expansion in the South. The…
Culture
Microchip pauses chips act application after scaling back plans
MICROCHIP Technology is pausing its application for US semiconductor subsidies, sources familiar with the matter said, making it the first…
Culture
Amazon announces new slate of AI models
AMAZON announced a new slate of artificial intelligence (AI) platforms, known as foundation models, at its annual AWS conference, allowing…
Culture
Many China copper traders halt US scrap imports on tariff fears
MANY Chinese metal importers have stopped buying US copper scrap in anticipation of tariffs being imposed when Donald Trump assumes the…
Culture
Russian money ‘not our business’, says StanChart CEO Bill Winters, as bank doubles down on wealth management
The bank aims to attract US$200 billion in new assets over the next five years, expand relationship-manager team by 50% by 2028 STANDARD…
Culture
Compass to buy Christie’s International in US$444 million deal
Compass agreed to buy Christie’s International Real Estate and other businesses in a transaction valued at US$444 million. Compass will…
Culture
Intel’s CEO-shortlist candidates include former board member Lip-Bu Tan: sources
INTEL has started shortlisting a handful of candidates, including former board member Lip-Bu Tan, for the role of chief executive after…
Culture
Euro tiptoes higher, France turmoil keeps investors on edge
THE euro rose on Tuesday (Dec 3), regaining some poise after political turmoil in France sent traders scrambling for hedging protection…
Culture
Chinese chip firms say they can withstand new US export curbs
CHINESE chip companies targeted by Washington with fresh export controls have vowed to speed up supply chain localisation and said they…