Business
US: Stocks steady ahead of Fed minutes
Wall Street’s main indexes were little changed at the open on Wednesday (Oct 9) as investors awaited the minutes of the Federal Reserve’s…
Swedan Margen
Swedan Margen contributes to Cosmopolitan Canada across fashion, style, culture, and entertainment.
The work spans trend coverage, cultural conversation, and stories drawn from the publication's editorial partners, with source attribution provided within individual articles where applicable.
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Business
Mizuho buys ‘safe’ assets on risk that US soft landing fails
MIZUHO Financial Group is preparing for short-term market disruptions if investors’ predictions of a soft landing in the US prove wrong,…
Business
Kiwi falls after hefty rate cut, US dollar edges up
THE New Zealand dollar slumped on Wednesday (Oct 9) after the country’s central bank cut interest rates by 50 basis points, while the US…
Business
Tesla’s China-made EV sales grow 19.2% y/y in September
SALES of US automaker Tesla’s China-made electric vehicles rose 19.2 per cent in September from a year earlier, data from the China…
Business
Nvidia CEO says ‘reasoning’ AI will depend on cheaper computing
NVIDIA chief executive officer Jensen Huang said that the future of artificial intelligence will be services that can “reason,” but such a…
Business
Cash still king for Swiss businesses, central bank survey shows
CASH is still the most accepted payment method for Swiss businesses, the Swiss National Bank (SNB) said on Wednesday (Oct 9), despite…
Business
MMC Port said to be weighing mega Malaysia IPO valued at up to RM7 billion
It runs seven ports along the Strait of Malacca, one of the world’s busiest shipping lanes MMC Port Holdings has been considering an…
Business
DBS head of institutional banking group in Hong Kong to depart
DBS Group Holdings’ head of institutional banking group Hong Kong, Wallace Lam, will be leaving South-east Asia’s biggest lender,…
Business
China leads Asian stocks lower on weak stimulus
CHINESE equities were standout underperformers in Asia on Wednesday (Oct 9) as traders weighed weak economic data and Beijing’s reluctance…
Business
TSMC’s third-quarter revenue easily beats market forecast
TAIWAN Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, reported on Wednesday (Oct 9) third-quarter…
Business
OK Lim has accepted judgement debt of over US$3.5 billion, but creditors will likely claw back much less
The 82-year-old and his children, Evan Lim and Lim Huey Ching, are planning to file for bankruptcy EMBATTLED Hin Leong Trading founder Lim…
Business
Thailand approves US$400 million investment by Continental to expand tyre facility
THAILAND’S Board of Investment (BOI) said on Wednesday (Oct 9) that it had approved a US$400 million investment by tyre maker Continental…
Business
SGX securities turnover value jumps 75% in September; volume up 5%
TOTAL securities market turnover value on the Singapore Exchange (SGX) increased 75 per cent year on year (yoy) to S$30.38 billion in…
Unsorted
Boeing withdraws contract offer as union talks break down
TALKS between Boeing and its largest union to end an almost monthlong strike collapsed for a third time, extending a shutdown of the…
Business
New Zealand steps up pace of rate cuts as economy weakens
NEW Zealand’s central bank cut interest rates by half a percentage point, stepping up the pace of easing as policymakers become more…
Business
FHT’s distributable income to fall by S$1.3 million after change in Australian unit status
FRASERS Hospitality Trust’s (FHT) pro forma distributable income for financial year 2024 is estimated to fall by S$1.3 million, following…
Business
Digital Core Reit recasts US$716 million loan facilities
PURE-PLAY data centre real estate investment trust (Reit) Digital Core Reit has recast US$716 million of loan facilities which will be…
Business
Gold prices steady with Fed minutes on tap
GOLD prices held steady on Wednesday (Oct 9) as traders awaited cues on US interest rate policy from the minutes of the Federal Reserve’s…
Business
Singapore shares open higher on Wednesday; STI up 0.8%
SINGAPORE stocks began Wednesday (Oct 9) morning trading in positive territory, mirroring overnight gains in the US market. As at 9.01 am,…
Business
RBA to boost risk assessment when deploying unconventional tools
AUSTRALIA’S central bank will strengthen its assessment of potential risks when deploying an unconventional monetary policy, assistant…
Business
Stocks to watch: Singtel, CapitaLand Ascott Trust, Keppel
THE following companies saw new developments that may affect trading of their securities on Wednesday (Oct 9): Singtel: Business and…
Unsorted
Adobe to offer free app to help with creator attribution amid AI boom
ADOBE said on Tuesday (Oct 8) it will offer a free web-based app starting next year, aimed at helping the creators of images and videos to…
Business
Roblox tumbles as Hindenburg bets against gaming platform
ROBLOX shares slumped on Tuesday (Oct 8) after short seller Hindenburg Research said it’s betting against the gaming platform. The stock…
Business
Telcos should face tougher regulations to ensure service standards amid Smart Nation push
SINCE the government announced in February 2024 that it would invest up to S$100 million to upgrade Singapore’s Nationwide Broadband…