Business
Bitcoin rises to a record as ‘debasement’ trade spurs risk rally
BITCOIN set another all-time high as a broader risk rally around the US government shutdown buoyed the world’s largest cryptocurrency. The…
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Business
Wilmar chair Kuok Khoon Hong and Centurion joint chair Han Seng Juan up stakes
Over the five trading sessions from Sep 26 to Oct 2, institutions were net buyers of Singapore stocks with net institutional inflow of…
Business
The Cheapest Way To Order Coffee In Italy Might Surprise Tourists
It's no surprise that Italy — the country that invented espresso — can credit coffee as a major part of its economy. How large? Well,…
Business
Aeffe Shares Plunge 43% as Group Seeks Financial Restructuring
MILAN – Aeffe shares plunged 43.34 percent to close at 0.25 euros on the Italian Stock Exchange on Friday. This followed Aeffe’s decision…
Business
Federal Reserve’s Miran wants aggressive rate cuts but downplays differences with other officials
FEDERAL Reserve Governor Stephen Miran on Friday again pressed for an aggressive path of rate cuts citing the impact of Trump…
Business
Electric vehicles drive UK new car market to best September since 2020
Britain’s new-car market logged its best September in five years, industry data showed on Saturday, as the crucial “new numberplate” month…
Business
Asean’s next big test: Winning from accelerated EU trade deals
If the 10-nation bloc’s corporates move quickly, the region could see a wave of new European investment and establish a stronger foothold…
Business
US: Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session
The S&P 500 eked out a record closing high in a volatile session Friday, with interest rate-cut expectations holding up as the US…
Business
Europe: Shares mark best week since April on boost from banks, healthcare
EUROPEAN shares logged their best weekly showing in five months on Friday with healthcare and miners leading advances on the day as rising…
Business
Google lays off dozens of workers in Sunnyvale
Google said it plans to lay off dozens of workers at its Sunnyvale offices, following job reductions at other large tech firms. Google…
Business
Enhancing Open-Source Software: The Contributions of Radhakrishnan Pachyappan
The other side of open-source software is its role as the underlying building blocks of many applications in use today by businesses,…
Business
Fu Yu closes investigations into supply chain unit, sees ‘no merit’ in taking action against individuals involved
Precision manufacturer Fu Yu Corporation will close its investigations into irregularities at its wholly owned supply chain unit, and will…
Business
US: Wall St opens higher as rate-cut hopes drive momentum
Wall Street’s main indexes opened higher on Friday (Oct 3) as optimism about an imminent interest-rate cut by the Federal Reserve boosted…
Business
AI spending boom is a bubble that will pay off: Bezos
Amazon.com chairman Jeff Bezos said that the spending on artificial intelligence resembles an “industrial bubble” that could lead to lost…
Business
Surge in interest, capital into private credit as investors retool portfolios
A large majority of them are intending to make an allocation to a private debt fund: Preqin More capital has been flowing into private…
Business
Net-Zero Banking Alliance formally winds down after Wall Street exodus
THE world’s biggest climate alliance for banks said on Friday (Oct 3) that it has ceased operations, bringing to a formal end a project…
Business
Singapore shares continue to climb; STI up 0.4%
Across the broader market, gainers beat losers 336 to 247, as 1.6 billion securities worth S$1.7 billion change hands Singapore stocks…
Business
Huawei used TSMC, Samsung, SK Hynix components in top AI chips: TechInsights
[WASHINGTON, DC] Huawei Technologies used advanced components from Asia’s largest technology firms in at least some of its leading Ascend…
Business
Hong Kong stocks retreat from four-year high as investors pocket gains
Hong Kong stocks fell on Friday (Oct 3) as investors locked in gains after the benchmark index hit a new four-year high in the previous…
Business
Budget Chinese carrier Spring Airlines mulls Hong Kong listing: sources
The airline has been more consistent in posting profit than the country’s main state-run carriers Chinese budget carrier Spring Airlines…
Business
Singapore banks to enforce 24-hour cooling period for digital transactions exceeding 50% of account balance
This is for current and savings accounts, including joint ones, with balances of at least S$50,000 In a move to fortify protections…
Business
GIC’s chief investment officer warns of AI bubble risk
If artificial intelligence technology fails to meet the high expectations priced in by the market, it could result in a sudden loss of…
Business
DBS gains S$26 billion in value, widening lead against OCBC
The bank is more efficiently run versus its peers and has more of a focus to reward shareholders, says Tareck Horchani of Maybank…
Business
Elon Musk’s US$1 trillion pay plan faces pushback from investors, state officials
Despite reporting record quarterly deliveries, Tesla faces worries that the expiration of the US EV tax credit could turn the buying rush…