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Asian markets mixed post Fed cut; fundamentals should matter more with upcoming pause: analysts
STI rises 0.3%, Hang Seng Index gains 0.1%, FTSE Bursa Malaysia KLCI up 0.3%, Nikkei 225 falls 1%, Kospi Composite Index loses 0.3% Asian…
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Asian traders cheer US rate cut but gains tempered by outlook
MOST Asian markets rose on Thursday as traders welcomed the Federal Reserve’s third straight interest rate cut, though the euphoria was…
Culture
AI’s US$400 billion problem: Are chips getting old too fast?
Cloud computing giants assumed that their chips and servers would last about six years IN PURSUIT of the AI dream, the tech industry this…
Culture
Malaysia’s long-awaited electric train service linking KL and JB makes its debut in preview run
Just before dawn broke on Dec 11, Malaysia’s new electric train service (ETS) linking Kuala Lumpur to Johor Bahru rolled out of the Kuala…
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Harvey Norman operator Ossia sets up new units; buys leasehold property, Global Ten Realty
Harvey Norman operator Ossia on Wednesday (Dec 10) said it set up a new special purpose vehicle, Ossia Capital, to hold its property…
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The world needs a lot more copper. But will there be enough supply?
The market has been hit by a slew of mine outages this year, from Chile to Indonesia COPPER is one of the world’s most ubiquitous metals,…
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US seizes oil tanker off coast of Venezuela, Trump says
The US has seized an oil tanker off the coast of Venezuela, President Donald Trump said on Wednesday, ratcheting up tensions with Caracas…
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Musk’s fortune would more than double on US$1.5 trillion SpaceX
Musk’s path to becoming a trillionaire, whether it is through Tesla or SpaceX, is not without challenges The richest man in the world…
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Ultragreen.ai’s stabilising manager buys 2.3 million shares in fifth stabilising action since IPO
Citigroup Global Markets Singapore has now bought around 17.7 million shares of the medical technology company’s shares The stabilising…
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Customer experience tech startup Toku files preliminary prospectus for Catalist IPO
It will use the proceeds to fund R&D, market expansion and to improve its financial position Technology startup Toku on Wednesday (Dec 10)…
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Wall Street subdued at open ahead of Fed interest rate verdict
Wall Street’s main stock indexes opened little changed on Wednesday (Dec 10), ahead of a Federal Reserve monetary policy decision that is…
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Ever Glory to offer 2 million new shares at S$0.64 each ahead of proposed transfer to mainboard
It will raise around S$1.2 million in net proceeds if the offer is fully subscribed As part of its proposed transfer to the Singapore…
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Barclays joins bank rivals in buying stake in United Fintech
It has bought two fintechs this year, bringing its total to seven and giving it more than 200 employees across 11 locations globally…
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Temasek, top funds bid in Swiggy’s US$1.1 billion share sale
The fundraising underscores the Indian e-commerce market’s rapid expansion amid surging demand Global investors, including Temasek…
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Wingtech seeks to restore Nexperia control as chip feud lingers
Despite political progress, Nexperia’s Dutch HQ and its Chinese operations are locked in an internal feud Wingtech Technology has invited…
Culture
Coal’s grip on Asia strengthens as early phaseout bids stall
Coal’s future in Asia is looking brighter, as the top-consuming region’s efforts to shift to cleaner energy suffer a series of setbacks.…
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Coupang CEO resigns over historic South Korean data breach
Coupang chief executive officer Park Dae-jun resigned over his failure to prevent South Korea’s largest-ever data breach, which set off a…
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HSBC set to pay about US$300 million to settle French criminal case
The full agreement would cover the fine to end the PNF case as well as the tax bill HSBC Holdings is poised to pay around US$300 million…
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Asian utilities slow to confront climate risk
ASIA might need to grow up when it comes to protecting its power sector against climate-related loss and damage, a new report has…
Culture
E-commerce firm Meesho notches US$8.8 billion valuation in blockbuster India debut
The country’s IPO fundraising in 2025 is expected to surpass last year’s record US$20.5 billion Shares of e-commerce firm Meesho jumped…
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Amazon to invest over US$35 billion in India on AI, exports
Amazon plans to invest more than US$35 billion in India by 2030 to expand its operations by boosting artificial intelligence (AI)…
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Asian stocks in retreat as traders eye Fed decision, tech earnings
ASIAN markets retreated on Wednesday following a tepid day on Wall Street as investors bided their time ahead of a highly anticipated…
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Gold edges lower as dollar climbs to near one-week high ahead of Fed verdict
Gold inched lower on Wednesday (Dec 10), as the dollar rose after a US jobs report indicated a stronger-than-expected labour market,…
Culture
Tactics to dump coal are failing in Asia as energy demand booms
Indonesia has cancelled a flagship project that was the poster child for shuttering coal plants early Coal’s future in Asia is looking…