Business
US: Wall Street opens higher as Fed cues awaited
WALL Street’s main indexes opened higher on Tuesday (Oct 7), a day after the S&P 500 and the Nasdaq hit record closing highs, with focus…
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Business
Business
Yen, euro extend slide against US dollar as politics calls the shots
Political developments drove currency markets again on Tuesday (Oct 7) with the yen falling to a two-month low after Sanae Takaichi’s…
Business
Vietnam Expected to Record Over $900 Billion in Trade Turnover by 2025
Vietnam's trade turnover is already exceeding expectations, and it is expected to reach a historic milestone of over $900 billion in 2025.…
Business
NYSE parent nears deal for US$2 billion stake in crypto-based betting startup Polymarket: sources
INTERCONTINENTAL Exchange, the parent of New York Stock Exchange, is in talks to invest US$2 billion in Polymarket, The Wall Street…
Business
Duty Free International returns to the black with RM2.6 million Q2 net profit
Revenue for the quarter is up 14.5% at RM42.6 million amid stronger customer demand Malaysian retail group Duty Free International…
Business
Stablecoins could suck US$1 trillion from emerging-market banks in next three years: Standard Chartered
The boom in US dollar-backed stablecoins, helped by President Donald Trump’s crypto policies, could suck US$1 trillion worth of deposits…
Business
NetLink opens S$110 million Seletar Central Office to serve northern Singapore
The facility will benefit upcoming developments including the North-South Corridor and 40,000 new homes Internet service provider NetLink…
Business
Singapore shares continue to rally; STI up 1.1%
Singapore shares closed higher on Tuesday (Oct 7), buoyed by local bank DBS’ continued rally. The benchmark Straits Times Index (STI) rose…
Business
Indonesia mulls moving 10 trillion rupiah to regional banks to boost growth
Indonesia is considering moving up to 10 trillion rupiah (S$780 million) per lender to regional banks, its finance minister said on…
Business
Indonesia mulls moving 10 trillion rupiah per lender to regional banks to boost growth
The first two recipients could be Bank of Jakarta and East Java’s Bank Pembangunan Daerah Jawa Timur Indonesia is considering moving up to…
Business
CGS International upgrades Grab to ‘add’, raises target price to US$7 on financial services turnaround
CGS International has upgraded its recommendation on Grab to “add”, from “hold” previously, and raised its target price by 29.6 per cent…
Business
HP bets on AI personal computers to drive revenue, eyes Asia for growth
At least one in four PCs sold by the US computer maker are AI-enabled and that could grow as customers upgrade The lockdowns stemming from…
Business
JPMorgan sees end of ‘private-for-longer’ mantra for startups
After years of facing requests from startups to help them stay private for longer, JPMorgan Chase’s clients are starting to sing a…
Business
BBVA has 8 billion euros to fund mandatory bid for Sabadell if needed: CEO
A combined entity would become one of the largest lenders in Europe by assets, with about one trillion euros BBVA has eight billion euros…
Business
BHP sharpens Asia focus; bets on copper, potash over rare earths
Asia’s demand resilience underscores the mining giant’s commitment to the region BHP is doubling down on Asia as the centre of gravity for…
Business
Thai Cabinet approves 44 billion baht stimulus programme to boost growth
South-east Asia’s second-largest economy has been hit by US tariffs, high household debt, weak consumption, and a strong currency…
Business
Thailand unveils 44-billion baht stimulus, targets growth above 2.2%
South-east Asia’s second-largest economy has been hit by US tariffs, high household debt, weak consumption, and a strong currency The Thai…
Business
Envy’s ex-directors seek bankruptcy after being found liable for breach of duties in nickel trading fraud
Judicial Commissioner Mohamed Faizal finds that Lee Si Ye and Ju Xiao had breached their duties as directors of Envy group of companies A…
Business
Goldman hikes December 2026 gold price forecast to US$4,900 per ounce
Goldman Sachs raised on Monday (Oct 6) its December 2026 gold price forecast to US$4,900 per ounce from US$4,300, citing strong Western…
Business
OpenAI’s golden touch spreads as stocks soar off mere mentions
Talk of an AI bubble has been growing louder in recent months, with some investors likening such trading to the dot-com euphoria OpenAI…
Business
Asia: Tokyo stocks hit new record as markets extend global rally
JAPANESE stocks hit another record on Tuesday, building on the previous day’s surge following the election of a pro-stimulus advocate to…
Business
Singapore aims to lead region’s ammonia path to net zero: EMA chief
EMA is actively exploring the viability of combusting ammonia directly in gas turbines Singapore must move early and decisively to explore…
Business
DBS jumps 2.3% to new all-time high, drives market cap past S$150 billion
Shares of DBS Bank climbed as much as 2.3 per cent on Tuesday (Oct 7) morning, driving its market capitalisation beyond S$150 billion. The…
Business
DBS jumps 2.4% to new all-time high, drives market cap past S$150 billion
Shares of DBS climbed as much as 2.4 per cent on Tuesday (Oct 7) morning, driving its market capitalisation beyond S$150 billion. The…