Business
Europe: Trump's fresh tariff threats knock Europe stocks to weekly loss in last-minute slide
European shares tanked on Friday (Oct 10), erasing weekly gains in a last-minute slide as renewed trade war fears sparked by fresh threats…
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Business
US: S&P 500 ends down 2.7% after Trump warns of big China tariffs
Wall Street stocks tumbled Friday (Oct 10) after US President Donald Trump threatened “massive” tariffs on China, reviving trade war…
Business
Singapore, Vietnam Unveil Fresh Measures to Enhance Economic Collaboration
In a bilateral meeting, Singapore and Vietnam strengthened their economic ties on Friday, October 10. The 19th Singapore-Vietnam…
Business
US: Wall Street opens slightly higher as traders buy the dip ahead of sentiment data
Wall Street’s main indexes opened slightly higher on Friday, as investors sought to buy the dip following a brief pullback, while awaiting…
Business
Tesla’s China shipments rise at start of busy sales season
The carmaker shipped 90,812 units from the plant last month, up 2.8% from a year earlier SHIPMENTS from Tesla’s Shanghai factory increased…
Business
Gold's record run creates new rulebooks for investors
Its soaring run comes as investors bet heavily on US rate cuts and concern grows about the greenback’s role as the world’s top reserve…
Business
Digital euro could drain up to 700 billion euros of deposits in bank run, ECB says
The ECB has presented the digital currency as an alternative to US-dominated means of payment A digital euro could drain up to 700 billion…
Business
China’s state banks ramp up US dollar buying to stabilise renminbi: sources
The combined actions of the lenders mark a reversal from last year’s efforts to defend the weakening renminbi [SHANGHAI/BEIJING] China’s…
Business
Singapore shares close lower in tandem with Wall Street retreat; STI slides 0.3%
Across the broader market in the city-state, decliners beat gainers 371 to 250 as 1.8 billion securities valued at S$1.4 billion are…
Business
Why BYD faces a raft of troubles
Since authorities earlier this year stepped up scrutiny of the bruising price war in China that helped fuel the group’s rise, its sales…
Business
Tata Consultancy Services slashes 19,755 jobs in biggest workforce cut amid AI, US strains
Tata Consultancy Services (TCS) made its steepest-ever job cuts as strained ties with the US and a rapid shift towards artificial…
Business
ComfortDelGro’s quiet tech play and why it’s not sweating GrabCab’s taxi move
Grab says it won’t poach rival drivers, but its entry may intensify Singapore’s tight market Within just a decade, Grab has gone full…
Business
‘The talent is there’: Is Singapore’s push for board diversity turning a corner?
Progress has been made, but questions remain over whether inclusion is now structural or still symbolic With women occupying barely a…
Business
AI jobs shock is coming and firms aren’t ready: Klarna CEO
The CEO sees the AI boom spelling the end to what he calls “excess profits” in both the banking and software industries From technology…
Business
GIC, Carlyle-backed chemicals firm Nouryon shelves US$5.8 billion loan amid investor unease
Moody’s cuts Nouryon’s Q4 estimates amid macro uncertainty and weak demand in construction markets Speciality chemicals producer Nouryon…
Business
Thai stock exchange mulls relaxing rules to boost market liquidity and new listings
SET expects a stronger, more stable government after elections to implement effective economic policies The Stock Exchange of Thailand…
Business
Thailand’s Delta shares set to drop as exchange imposes curbs
The stock has more than tripled in price from its April low, boosted by optimism over its role as maker of components for…
Business
Delta electronics shares slump in Bangkok due to exchange curbs
The stock has more than tripled in price from its April low, boosted by optimism over its role as maker of components for…
Business
Asia: Markets limp into weekend as AI bubble fears grow
While some markets hit record highs along with gold and Bitcoin, talk is growing that valuations among some companies may have run too…
Business
Thai central bank worried over disconnect as global markets soar
The disconnect between the real economy and record-high financial markets worldwide is worrying, according to the Bank of Thailand (BOT),…
Business
Vingroup seeks US$500 million private credit for EV charging ports
China dominates the global public charging market with over 850,000 installations last year, more than double the installations in the…
Business
Top Glove shares surge 7.3% to two-month high on return to full-year profitability
The group attributes its improved performance to improved glove demand and cost efficiency Shares of Top Glove soared on Friday (Oct 10)…
Business
Top Glove shares end flat after 7.3% surge in intra-day trade on return to full-year profitability
The group attributes its improved performance to the higher demand for gloves and its cost efficiency Shares of Top Glove soared on Friday…
Business
Seatrium shares plunge 7.8% after US$475 million Maersk contract termination
Citi analyst Luis Hilado said the contract termination will likely have a negative near-term impact on its shares Shares of Seatrium…