Culture
Oil prices steady despite Opec+ plans to pause output increases
NEW YORK, Nov 3 (Reuters) - Oil prices held steady on Monday as the market balanced the latest OPEC+ supply increase with the group’s…
Section
Culture
Culture
India’s Bharti Airtel posts surge in quarterly profit as higher-paying users grow
Bharti Airtel, India’s second-largest mobile carrier by number of users, posted its sixth straight quarterly profit rise on Monday (Nov…
Culture
US: Wall Street opens higher on optimism for AI demand
Wall Street kicked off November on firmer ground on Monday (Nov 3), driven by optimism around AI demand with OpenAI and Amazon striking a…
Culture
US: Wall Street opens higher on optimism for AI demand
Wall Street kicked off November on firmer ground on Monday (Nov 3), driven by optimism around AI demand with OpenAI and Amazon striking a…
Culture
OpenAI, Amazon strike US$38 billion agreement for ChatGPT maker to use AWS
The deal is among the first major moves by OpenAI since it completed a restructuring last week Amazon.com will supply OpenAI with cloud…
Culture
Indonesia central bank chief sees room for another rate cut
Indonesia’s central bank governor said on Monday (Nov 3) there was still room for another interest rate cut, but the timing would depend…
Culture
NetLink Trust posts 10.2% drop in H1 profit to S$43.5 million on higher depreciation
Fibre network provider NetLink NBN Trust on Monday (Nov 3) posted a 10.2 per cent drop in net profit to S$43.5 million for the half-year…
Culture
Microsoft signs US$9.7 billion AI cloud deal with Australia’s IREN to secure Nvidia systems
Once fully implemented, the deal is expected to generate about US$1.94 billion a year for IREN Microsoft has signed an approximately…
Culture
Buffett’s Berkshire cash hits US$381.7 billion, earnings soar
Despite its growing cash hoard, the firm’s net investment income declined 13% to US$3.2 billion amid lower short-term interest rates…
Culture
Fu Yu terminates group CEO David Seow for ‘gross default and misconduct’
An interim committee has been set up to oversee all operational matters pending successor search Mainboard-listed Fu Yu Corp has…
Culture
Nearly half of Cat A COEs go to EVs, which account for 43% of new sales so far in 2025
They also made up 45.6% of Category A certificate of entitlement (COE) registrations in 9M 2025 The adoption rate of electric vehicles…
Culture
Emerging market stocks rise every month this year for the first time since 1993
The surge is driven by factors including strong gains in many AI-focused Asian tech stocks and a weaker US dollar THE emerging-market (EM)…
Culture
Fundamentals driving recent small and mid-cap institutional flows
In H2 up to Oct 30, these stocks record S$472 million in net institutional inflows Singapore is home to more than 240 small and mid-cap…
Culture
China ends gold tax break in setback for key bullion market
China is scrapping a long-standing gold tax incentive in a potential setback for consumers in one of the world’s top bullion markets.…
Culture
Hedge funds flee bearish oil bets after US sanctions Russia
Hedge funds cut their bearish position on Brent crude by the most on record after the US imposed sanctions on Russia’s biggest oil…
Culture
DOJ probes trading in herbal medicine firm that surged 46,000%
The US Department of Justice (DOJ) is probing market volatility at a Hong-Kong based traditional Chinese medicine company after a stock…
Culture
Dollar has second best month of 2025 on data void, hawkish Fed
The dollar wrapped up its second best month of the year as lack of official data muddies the outlook for the US economy and the Federal…
Culture
Alphabet, Amazon stakes in Anthropic boost profit by billions
Alphabet and Amazon were rewarded by investors for reporting better-than-expected third-quarter profits. At both companies, earnings were…
Culture
Fed's Waller calls for December rate cut, as hawks press for policy pause
A clutch of Federal Reserve bank presidents on Friday (Oct 31) aired their discomfort with the US central bank’s decision to cut interest…
Culture
Lack of air traffic controllers hits almost half of major US airports
Nearly 50 per cent of the 30 busiest US airports are grappling with shortages of air traffic controllers, the Federal Aviation…
Culture
Trump administration announces US$100 million in funding to upgrade coal plants
The US Department of Energy on Friday (Oct 31) announced that it would make US$100 million available to refurbish and modernise existing…
Culture
Pfizer sues Metsera, Novo Nordisk over rival obesity drug bid
Pfizer on Friday (Oct 31) filed a lawsuit against Metsera and Novo Nordisk, saying Metsera breached its merger agreement obligations in…
Culture
Oil ends slightly up, trade choppy on report, denial of US attack plan on Venezuela
Oil prices settled slightly higher after a wild trading session on Friday (Oct 31), popping up as media reports said US air strikes on…
Culture
European shares end week lower after corporate results, inflation data
European equities edged lower on Friday (Oct 31) as investors absorbed mixed quarterly results and a benign euro zone inflation report…