Business
Lagarde backs bank mergers as ECB prepares for UniCredit verdict
European Central Bank President Christine Lagarde reinforced her support for international banking tie-ups in the eurozone, saying they…
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
Thai Air plans US$1.3 billion share sale to complete debt revamp
Thai Airways International plans to issue new shares worth at least US$1.3 billion to creditors and other investors by December, a major…
Business
US: Wall St opens lower as investors await economic data, Powell's comments
Wall Street’s main indexes opened lower on Monday (Sep 30) as investors paused after a rally in the previous week and exercised caution…
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Euro nudges higher; China stimulus boosts Aussie and kiwi
THE euro strengthened on Monday (Sep 30) after German inflation data, while commodity currencies rose on hopes for a turnaround in China’s…
Business
Indonesia’s Bank Mandiri backs new coal power plant with US$1.27 billion financing
The financing comes at a time when Indonesia is striving to reduce coal consumption and transition to renewable energy Bank Mandiri – the…
Business
Murdoch’s REA ends month-long takeover pursuit of Britain’s Rightmove
RIGHTMOVE’S shares dropped 8 per cent on Monday (Sep 30) after Rupert Murdoch’s REA Group ended its US$8.29 billion takeover pursuit…
Business
Japfa fails to buy targeted maximum number of shares under equal access scheme
Shareholders will be entitled to sell to the company up to 9 per cent of shares held in their name JAPFA managed to purchase only 76.3 per…
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Britain’s biggest steel works to end production after 100 years
BRITAIN’S biggest steelworks will end production later on Monday (Sep 30), when the final blast furnace at Port Talbot in Wales will close…
Business
China’s central bank buys 200 billion yuan of sovereign bonds in September
THE Chinese central bank said on Monday (Sep 30) that it had bought 200 billion yuan (S$36.5 billion) of the country’s government bonds in…
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Careful not to stifle innovation, Newsom hesitates on major tech bills
SAN FRANCISCO — Backstage at one of the largest artificial intelligence conferences in the world, Gov. Gavin Newsom listened to two…
Business
Aston Martin plunges as supply woes prompt profit warning
SHARES of Aston Martin Lagonda Global plunged after the luxury sports-car maker lowered its guidance for the year, blaming supply chain…
Unsorted
MAS, Temasek executives among new members appointed to HDB’s board
Those serving new terms hail from diverse backgrounds with experience in different sectors and professional fields THE Housing and…
Business
Volkswagen’s second profit warning exposes a carmaker in decline
VOLKSWAGEN’s (VW) second profit warning in three months makes one thing clear: Europe’s biggest automaker is in decline. The German…
Business
Indonesia launches central counterparty clearing house
INDONESIA launched on Monday (Sep 30) a central counterparty clearing house (CCP) for foreign exchange and money market transactions as it…
Business
Hot stock: Nio jumps over 20% on news of strategic investment in China unit
The last time the counter reached such levels was in January, when it traded above US$7.60 SHARES of Nio rose by 21.9 per cent on Monday…
Business
Thailand has no limit on number of virtual bank licenses: deputy finance minister
THAILAND is not limiting the number of virtual bank permits that will be issued, a deputy finance minister said on Monday. Any group that…
Business
Asia: Tokyo stocks dive on strong yen as Hong Kong, Shanghai extend rally
STOCKS plunged more than four per cent in Tokyo on Monday after the yen surged in reaction to Shigeru Ishiba’s election last week as the…
Business
Singapore’s moribund IPO market looks to Reits for a lifeline
SINGAPORE’S stagnant initial public offering (IPO) market is relying on a boost next year from real estate investment trusts (Reits).…
Business
Singapore shares open almost flat on Monday; STI down 0.02%
SINGAPORE stocks began Monday (Sep 30) on a muted note, as global equities ended mixed over the weekend. As at 9.01 am, the Straits Times…
Business
Stocks to watch: Nio, Sheng Siong, Manulife US Reit
THE following companies saw new developments that may affect trading of their securities on Monday (Sep 30): Nio Inc: The Chinese…
Business
Opposition to Toyota’s chairman spreads among big shareholders
OPPOSITION to Toyota Motor chairman Akio Toyoda has surfaced among some of the Japanese company’s biggest investors, after a series of…
Business
Crop trader Olam to pay US$3.3 million fine for delayed cotton sales reports
CROP trader Olam Group will pay a US$3.3 million fine for delayed reporting of cotton sales to the US Department of Agriculture (USDA) and…
Business
Hoping for banks to slash mortgage rates? Don’t hold your breath, analysts say
Fed’s Sep 18 rate cut has been widely anticipated and local banks have already priced it in for their loan packages MORTGAGE rates in…
Business
Riskiest real estate bonds are beating Nvidia’s returns
A PREVIOUSLY gloomy corner of the debt world has become the biggest winning trade in global financial markets, producing returns that few…