Culture
Tether stablecoin stability rating reduced to ‘weak’ at S&P
A crash in Bitcoin’s price this month has left the asset on track for its worst monthly performance The ability of Tether’s USDT…
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Culture
Culture
Gold steadies at near two-week high as investors weigh Fed rate-cut bets
US rate futures are pricing in an 85% chance of a rate cut in December, according to the CME’s FedWatch tool Gold prices remained steady…
Culture
MetaOptics jumps as much as 5.5% on tailwinds of proposed Nasdaq listing, US expansion
Shares of semiconductor optics company MetaOptics rose as much as 5.5 per cent in early trading after the market opened on Thursday (Nov…
Culture
MetaOptics finishes lower after a jump on proposed Nasdaq listing; up almost 300% since IPO
Shares of semiconductor optics company MetaOptics rose as much as 5.5 per cent in early trading after the market opened on Thursday (Nov…
Culture
CEOs in Singapore have greater staying power than global peers: report
Outgoing chief executives of STI companies average about 8.8 years in the role versus 7.2 years globally Chief executive officers in…
Culture
South Korea keeps rates steady as FX risks limit easing scope
South Korea’s central bank kept interest rates unchanged as widely expected on Thursday as a tumbling won reduced the scope for further…
Culture
Pentagon cited Alibaba on China military aid in Oct 7 letter
The Pentagon concluded that Alibaba Group Holding, Baidu and BYD should be added to a list of companies that aid the Chinese military,…
Culture
Stocks to watch: UOB, Lendlease Reit, IHH Healthcare, Cordlife
The following companies saw new developments that may affect trading of their securities on Thursday (Nov 27): UOB: A High Court judge on…
Culture
Apple contests India’s antitrust penalty law with risk of US$38 billion fine, filing shows
Apple is challenging India’s new antitrust penalty law under which the US company could potentially face a fine of up to US$38 billion, a…
Culture
JPMorgan flips forecast, sees Fed cutting rates in December
The Federal Open Market Committee, led by Chair Jerome Powell, meets in Washington on Dec 9 and Dec 10 Economists at JPMorgan Chase see…
Culture
New Zealand central bank says economic recovery picking up
Early indicators suggest the economy had been expanding during the second half of this year and demand had stabilised, Reserve Bank of New…
Culture
AliExpress bans Chinese sex doll seller after Reuters examination
National consumer protection bodies often classify such items as akin to images of sexual abuse under child protection laws Alibaba’s…
Culture
Campbell’s responds to ‘absurd’ charge it uses 3D-printed chicken
FOOD giant Campbell’s has dismissed as “absurd” claims allegedly made by a senior executive, who has since been placed on leave, that its…
Culture
Shein faces EU pressure to curb sales of sex dolls and weapons
France is also pushing the European Union to increase customs duties on small packages two years earlier than planned Shein is under…
Culture
Stellantis deepens Europe’s reliance on China with CATL plant
Stellantis, the maker of Peugeot and Jeep vehicles, and China’s CATL broke ground on a 4.1 billion euros (S$6.2 billion) battery plant in…
Culture
US: Wall Street extends rally on growing bets for December Fed rate cut
Wall Street gained ground on Wednesday as revived tech strength and the growing probability of a December interest rate cut from the US…
Culture
Europe’s Stoxx 600 climbs on Fed cut hopes; banks rally post-UK budget announcement
EUROPE’S main equity indexes closed higher on Wednesday, led by technology stocks as growing expectations of a US rate cut boosted global…
Culture
Oil up as investors await clarity on supply, Russia-Ukraine deal
Oil prices edged up on Wednesday ahead of the US Thanksgiving holiday, as US investors assessed prospects of oversupply and talks over a…
Culture
Wall Street opens higher as December Fed rate-cut bets grow
Wall Street’s main stock indexes opened higher on Wednesday (Nov 26), as investors parsed through a fresh batch of economic data and…
Culture
US: Wall Street opens higher as December Fed rate-cut bets grow
Wall Street’s main stock indexes opened higher on Wednesday (Nov 26), as investors parsed through a fresh batch of economic data and…
Culture
Chinese regulators block ByteDance from using Nvidia chips, The Information reports
The reported ban underscores Beijing’s efforts to reduce reliance on US technology Chinese regulators have barred TikTok-owner ByteDance…
Culture
mm2 Asia gets 90-day extension to hold AGM; deadline is Jan 27
Entertainment company mm2 Asia has obtained approval from the Accounting and Corporate Regulatory Authority (Acra) for an extension of…
Culture
Li Auto adds to gloomy China EV outlook with revenue miss
In Q3, the company’s revenue fell 36%, the worst drop since its US listing in 2020 Li Auto’s fourth quarter forecasts fell short of…
Culture
Allianz to cut up to 1,800 jobs due to AI advances
German insurance group Allianz plans to cut up to 1,800 jobs in its travel insurance division, mainly in call centres, as artificial…