Culture
Trump tariff threat pushes oil to five-month low
Brent and US crude futures fell more than US$2 a barrel, or more than 3 per cent, on Friday (Oct 10) as US President Donald Trump’s threat…
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Culture
Culture
US: Wall Street opens slightly higher as traders buy the dip ahead of sentiment data
Wall Street’s main indexes opened slightly higher on Friday, as investors sought to buy the dip following a brief pullback, while awaiting…
Culture
Tesla’s China shipments rise at start of busy sales season
The carmaker shipped 90,812 units from the plant last month, up 2.8% from a year earlier SHIPMENTS from Tesla’s Shanghai factory increased…
Culture
Gold's record run creates new rulebooks for investors
Its soaring run comes as investors bet heavily on US rate cuts and concern grows about the greenback’s role as the world’s top reserve…
Culture
Digital euro could drain up to 700 billion euros of deposits in bank run, ECB says
The ECB has presented the digital currency as an alternative to US-dominated means of payment A digital euro could drain up to 700 billion…
Culture
China’s state banks ramp up US dollar buying to stabilise renminbi: sources
The combined actions of the lenders mark a reversal from last year’s efforts to defend the weakening renminbi [SHANGHAI/BEIJING] China’s…
Culture
Singapore shares close lower in tandem with Wall Street retreat; STI slides 0.3%
Across the broader market in the city-state, decliners beat gainers 371 to 250 as 1.8 billion securities valued at S$1.4 billion are…
Culture
Tata Consultancy Services slashes 19,755 jobs in biggest workforce cut amid AI, US strains
Tata Consultancy Services (TCS) made its steepest-ever job cuts as strained ties with the US and a rapid shift towards artificial…
Culture
ComfortDelGro’s quiet tech play and why it’s not sweating GrabCab
Within just a decade, Grab has gone full circle from an entrant challenging incumbent taxi companies to becoming one itself. In July,…
Culture
‘The talent is there’: Is Singapore’s push for board diversity turning a corner?
Progress has been made, but questions remain over whether inclusion is now structural or still symbolic With women occupying barely a…
Culture
Siemens Energy bets on ammonia, fuel flexibility to future-proof Asia’s power systems
The energy technology provider sets 2030 target for 100% hydrogen and ammonia-capable turbines [FINSPANG, Sweden] Fuel flexibility,…
Culture
AI jobs shock is coming and firms aren’t ready: Klarna CEO
The CEO sees the AI boom spelling the end to what he calls “excess profits” in both the banking and software industries From technology…
Culture
GIC, Carlyle-backed chemicals firm Nouryon shelves US$5.8 billion loan amid investor unease
Moody’s cuts Nouryon’s Q4 estimates amid macro uncertainty and weak demand in construction markets Speciality chemicals producer Nouryon…
Culture
Thai stock exchange mulls relaxing rules to boost market liquidity and new listings
SET expects a stronger, more stable government after elections to implement effective economic policies The Stock Exchange of Thailand…
Culture
Hong Kongers rush to sell family jewels as gold glitters
Hong Kong residents rushed to sell everything from gold bars to rings this week, with people weighing family jewels and counting stacks of…
Culture
Delta electronics shares slump in Bangkok due to exchange curbs
The stock has more than tripled in price from its April low, boosted by optimism over its role as maker of components for…
Culture
China ramps up rare earth restrictions, in move to beef up position for US trade talks
Both countries have traded tit-for-tat moves since Trump announced tariffs in April China has tightened its grip on rare earths, extending…
Culture
Asia: Markets limp into weekend as AI bubble fears grow
While some markets have hit record highs, talk is growing that valuations among some companies may have run too high Asian equities…
Culture
Thai central bank worried over disconnect as global markets soar
The disconnect between the real economy and record-high financial markets worldwide is worrying, according to the Bank of Thailand (BOT),…
Culture
Orsted axes quarter of jobs, pivots to Europe after US setbacks under Trump
Orsted, the world’s biggest offshore wind farm developer, will cut about 2,000 jobs by the end of 2027, a quarter of its workforce, and…
Culture
Gold poised for eighth weekly rise on firm safe-haven demand
The non-yielding asset, traditionally considered a hedge during geopolitical and economic uncertainty, has gained about 52% this year Gold…
Culture
Shein, hit with big fines, boosts internal controls
The online fast-fashion retailer has grown to become the world’s biggest fast fashion retailer by sales Online fast-fashion retailer Shein…
Culture
Levi Strauss forecasts annual profit below estimates as tariffs bite
The retailer has leaned into full-price sales through its direct-to-consumer channel, broadened its product offerings and kept a tight…
Culture
Europe: Ferrari’s steepest fall drags Europe’s stocks, HSBC pulls parking brake
The central bank kept rates unchanged and struck a cautiously optimistic tone on the economy European stocks fell on Thursday (Oct 9),…