Business
Philippines mulls rate cut to spur demand after scandal hit
The Philippine central bank will consider another reduction in the benchmark interest rate next month to help spur demand, its top…
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Business
Business
WeRide trims losses as China’s robotaxi race gains momentum
The company currently holds autonomous driving permits in eight countries, the most out of all robotaxi players in the region WeRide…
Business
Starbucks Malaysia operator sees business rebound after boycotts
The company is also preparing to expand in Nordic countries, where it has the rights to the brand The operator of Starbucks in Malaysia…
Business
Asia: Markets advance as odds for another Fed rate cut grow
Tech firms have enjoyed a revival after suffering a period of selling in recent weeks Asian investors on Tuesday (Nov 25) welcomed more…
Business
Syngenta is said to mull Hong Kong IPO after Shanghai pulled
The company operates in more than 90 countries and has more than 30,000 employees Syngenta Group is considering an initial public offering…
Business
BMW mulls adding range-extending engines to EV models in China
The company may become the first German automaker to offer the technology that’s not yet widely available in Europe BMW is weighing the…
Business
Gold holds steady as rising US rate-cut bets offset dollar strength
Gold prices held steady on Tuesday (Nov 25) after rising nearly 2 per cent in the previous session, as increasing prospects of a US rate…
Business
Citigroup India nears US$1 billion book of asset backed securities
While securitisation deals are common in developed economies, the country’s market is still nascent Citigroup’s India unit has more than…
Business
China’s AI promise lures top Asia fund away from South Korea, Taiwan
A TOP-PERFORMING Asian money manager is boosting exposure to artificial-intelligence (AI) stocks in China while retreating from those in…
Business
New owners to revive fish farms vacated by troubled Apollo, Barramundi groups
Two fish farming facilities that had been given up by firms exiting the local aquaculture industry have been acquired by local companies…
Business
Rate hikes drive Japan regional banks towards mergers to survive
The lenders are facing increased competition for deposits as an inexpensive funding source with interest rates rising, and new rivals such…
Business
Stocks to watch: Keppel, CapitaLand Investment, CDL Hospitality Trusts, UOB, Wee Hur
The following companies saw new developments that may affect trading of their securities on Tuesday (Nov 25): Keppel: It has inked a deal…
Business
UOB prices 850 million euro bonds due 2030 at 2.718%
UOB said on Tuesday (Nov 25) that it has priced 850 million euros (S$1.3 billion) in fixed-rate covered bonds due 2030. The covered bonds…
Business
Asia tycoon backs US$1.5 billion AI bet with private credit fund
A patriarch for one of Asia’s biggest finance fortunes is joining other members of the global rich in bolstering artificial intelligence…
Business
Trump weighing advanced Nvidia chip sales to China, Lutnick says
US President Donald Trump is weighing whether to allow Nvidia to sell advanced artificial intelligence (AI) chips to China and will be the…
Business
August Global Partners raises US$150 million in final close of Healthcare fund
The fund seeks opportunities in healthtech, advanced manufacturing, digital health and precision medicine Fund manager August Global…
Business
Apple cuts jobs across its sales organisation in rare layoff
Employees who lost their jobs have until Jan 20 to secure another position within the company or they will be terminated with a severance…
Business
Amazon pledges up to US$50 billion to expand AI, supercomputing for US government
Tech companies are pouring billions of US dollars to develop AI infrastructure, boosting demand for computing power required to support…
Business
Alphabet races towards US$4 trillion valuation as AI-fuelled gains accelerate
Alphabet closed in on a US$4 trillion valuation on Monday (Nov 24), set to become only the fourth company to enter the exclusive club, as…
Business
US: Wall Street ends higher on tech rebound, rising rate cut bets
Wall Street stocks closed higher on Monday (Nov 24), extending on Friday’s rally as increased odds that the US Federal Reserve will lower…
Business
Europe: Shares recover on US rate-cut optimism; Ukraine peace talks in focus
Stoxx 600’s gains this year have been driven in part by defence stocks on prospects of higher Nato spending European shares ended higher…
Business
Olivia Nuzzi: Vanity Fair to Publish Abstract Unclothed Portrait of Disgraced Journalist as Staffers Grumble She's Escaping Core Job Duties
Vanity Fair's upcoming Hollywood issue will reportedly include an abstract nude portrait of disgraced editor Olivia Nuzzi — even though…
Business
Moody’s downgrades StanChart from ‘positive’ to ‘stable’
The move is in line with revisions to the rating agency’s credit assessment methodology for banks Credit rating agency Moody’s Ratings, on…
Business
US: Wall Street opens higher on Fed interest rate-cut expectations
Wall Street’s main indexes opened higher on Monday (Nov 24), buoyed by expectations of an imminent Federal Reserve interest rate cut in…