Culture
US: Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session
The S&P 500 eked out a record closing high in a volatile session Friday, with interest rate-cut expectations holding up as the US…
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Culture
Culture
Oil posts 8% weekly loss on potential Opec+ supply additions
Oil prices settled higher on Friday but posted a weekly loss of 8.1 per cent after news of potential increases to Opec+ supply. Brent…
Culture
Europe: Shares mark best week since April on boost from banks, healthcare
EUROPEAN shares logged their best weekly showing in five months on Friday with healthcare and miners leading advances on the day as rising…
Culture
Fu Yu closes investigations into supply chain unit, sees ‘no merit’ in taking action against individuals involved
Precision manufacturer Fu Yu Corporation will close its investigations into irregularities at its wholly owned supply chain unit, and will…
Culture
US: Wall St opens higher as rate-cut hopes drive momentum
Wall Street’s main indexes opened higher on Friday (Oct 3) as optimism about an imminent interest-rate cut by the Federal Reserve boosted…
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AI spending boom is a bubble that will pay off: Bezos
Amazon.com chairman Jeff Bezos said that the spending on artificial intelligence resembles an “industrial bubble” that could lead to lost…
Culture
Surge in interest, capital into private credit as investors retool portfolios
A large majority of them are intending to make an allocation to a private debt fund: Preqin More capital has been flowing into private…
Culture
Net-Zero Banking Alliance formally winds down after Wall Street exodus
THE world’s biggest climate alliance for banks said on Friday (Oct 3) that it has ceased operations, bringing to a formal end a project…
Culture
Singapore shares continue to climb; STI up 0.4%
Across the broader market, gainers beat losers 336 to 247, as 1.6 billion securities worth S$1.7 billion change hands Singapore stocks…
Culture
Keppel-led consortium appointed for next phase of ammonia power and bunkering project on Jurong Island
The project is part of Singapore’s National Hydrogen Strategy, which was launched in 2022 The Republic has appointed a consortium led by…
Culture
Huawei used TSMC, Samsung, SK Hynix components in top AI chips: TechInsights
[WASHINGTON, DC] Huawei Technologies used advanced components from Asia’s largest technology firms in at least some of its leading Ascend…
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Hong Kong stocks retreat from four-year high as investors pocket gains
Hong Kong stocks fell on Friday (Oct 3) as investors locked in gains after the benchmark index hit a new four-year high in the previous…
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From mala to mall: 5 ways Singaporeans are swiping more in Johor
Transactions are up sharply even as the average ticket size dips, suggesting consumers are crossing the Causeway more often and buying…
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Japan faces beer crunch after cyberattack hobbles Asahi’s output
Seven & i Holdings and other retailers in Japan are warning customers of possible Asahi Super Dry beer shortages after a cyberattack…
Culture
Budget Chinese carrier Spring Airlines mulls Hong Kong listing: sources
The airline has been more consistent in posting profit than the country’s main state-run carriers Chinese budget carrier Spring Airlines…
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Singapore banks to enforce 24-hour cooling period for digital transactions exceeding 50% of account balance
This is for current and savings accounts, including joint ones, with balances of at least S$50,000 In a move to fortify protections…
Culture
Why the Thai baht is defying economic gravity
The currency has rallied some 5% against the US dollar since Trump’s so-called Liberation Day tariff announcement On its current…
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GIC’s chief investment officer warns of AI bubble risk
If it fails to meet the high expectations priced in by the market, it could result in a sudden loss of value With artificial intelligence…
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DBS gains S$26 billion in value, widening lead against OCBC
The bank is more efficiently run versus its peers and has more of a focus to reward shareholders, says Tareck Horchani of Maybank…
Culture
Elon Musk’s US$1 trillion pay plan faces pushback from investors, state officials
Despite reporting record quarterly deliveries, Tesla faces worries that the expiration of the US EV tax credit could turn the buying rush…
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BOJ’s Ueda warns of global uncertainty, keep markets guessing on next hike
Japan’s economy is weathering the hit from US tariffs so far, the governor says Bank of Japan (BOJ) governor Kazuo Ueda said inflation was…
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China trials ‘energy-saving’ underwater data centres
Undersea servers are kept at a low temperature by ocean currents, rather than the energy-intensive air cooling or water evaporation…
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Nomura unit Laser targets Japan’s booming crypto trading market
The news comes with crypto pushing further into mainstream financial services in the country Nomura Holdings plans to expand in Japan’s…
Culture
Indonesia starts construction of 92 megawatt floating solar plant
The country plans to add 42.6 gigawatts of renewable energy, almost 61% of the additional power it plans to raise, to its grid by 2034…