Business
China weighs injecting 1 trillion yuan of capital into top banks
CHINA is considering injecting up to 1 trillion yuan (S$183 billion) of capital into its biggest state banks to increase their capacity to…
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
RBNZ says bank capital rules just one part of lending decisions
NEW Zealand’s central bank has defended its position on bank capital requirements after claims they may be contributing to a lack of…
Business
Australia central bank warns households against over-borrowing once rates fall
AUSTRALIA’S central bank on Thursday cautioned borrowers against taking on excessive debt when interest rates start to fall and risking a…
Business
Bank of Japan policymakers divided on future rate hike pace, July minutes show
BANK of Japan policymakers were divided on how quickly the central bank should raise interest rates further, minutes of the bank’s July…
Business
Citibank to close last branch in Singapore in October amid shift to wealth hubs
CITIBANK will close its last branch in Singapore as it focuses on serving customers online and advising affluent clients at its wealth…
Business
Blackstone confirms £10 billion investment in Britain for AI data centre
US PRIVATE equity firm Blackstone has confirmed a £10 billion (S$17.2 billion) investment for an artificial intelligence data centre in…
Business
UK car production falls for sixth straight month in August
BRITISH car productions fell for the sixth consecutive month in August, a traditionally lower output month affected by summer shutdowns…
Business
Meta debuts Orion AR glasses as eventual smartphone rival
META Platforms debuted its first pair of augmented reality (AR) glasses – devices that show a combined view of the digital and physical…
Business
Oil falls on easing Libya supply concerns, lingering China demand worries
OIL prices slumped over 2 per cent on Wednesday as worries over supply disruptions in Libya eased and demand concerns continued despite…
Business
US: Dow, S&P 500 retreat from records ahead of inflation data
THE Dow and S&P 500 fell on Wednesday, retreating from records amid a banner period for markets ahead of key US inflation data. Analysts…
Business
Micron soars after AI computing demand bolsters forecast
MICRON Technology, the largest US maker of computer memory chips, surged in late trading after giving surprisingly strong sales and profit…
Unsorted
Singapore’s high costs, Asia demand-supply gap see closure of US firm SI Group’s Jurong Island chemical plant
The company will continue supplying alkylphenol from other manufacturing facilities in Europe and the Americas CHEMICALS company SI Group…
Business
Malaysia’s central bank sees ‘enduring support’ for ringgit
The Malaysian currency has been buoyed by signs of a rebound in China, the nation’s largest trading partner The rally in Malaysia’s…
Business
South Korea’s Hanwha hits back at estate of Dyna-Mac’s founding shareholder
SOUTH Korean conglomerate Hanwha rebutted criticism from the estate of Dyna-Mac’s founder that its voluntary conditional offer is not…
Fashion
Italy opens greenwashing probe into Shein website
ITALY’S antitrust agency has launched an investigation into a Dublin-based company that manages the Italian website of online clothing…
Business
Elon Musk's X says it's policing harmful content as scrutiny of the platform grows
Amid rising concerns that X has become less safe under billionaire Elon Musk, the platform formerly known as Twitter is seeking to assure…
Unsorted
Mozilla hit with privacy complaint over Firefox user tracking
VIENNA-BASED advocacy group NOYB on Wednesday (Sep 25) said it has filed a complaint with the Austrian data protection authority against…
Business
Volkswagen squares off with union over German plant closures
VOLKSWAGEN and unions start negotiations over wide-ranging cost cuts on Wednesday (Sep 25), with tensions between both sides higher than…
Business
Investors face ‘pain trade’ amid China stimulus: Barclays
INVESTORS who have snubbed stocks tied to Chinese growth may face a “pain trade” after the world’s second-biggest economy unleashed a new…
Business
New World mulls replacing CEO Adrian Cheng
NEW World Development, the Hong Kong property developer owned by the billionaire Cheng family, is considering replacing third-generation…
Business
Nomura faces fine for Japan government bond market manipulation
NOMURA Holdings faces a 21.8 million yen (S$194,514) fine for allegedly manipulating the Japanese government bond futures market, a…
Business
Baht rises to strongest since March 2022 amid exporters worries
The baht gained to its strongest level in 30 months as China’s stimulus boosted risk assets globally, adding pressure on the Bank of…
Business
AI model is better at pricing currencies than humans: ING
ING Groep is starting to use artificial intelligence to price currencies, replacing a job traditionally performed manually by the bank’s…
Business
Saudi Aramco sets price guidance for dollar sukuk bonds, term sheet shows
SAUDI Aramco has set the initial price guidance for 5- and 10-year dollar sukuk bonds, according to a term sheet reviewed by Reuters on…