Business
US: Wall St posts tame gains at open
— Wall Street’s main indexes opened modestly higher on Wednesday (Sep 24) as traders assessed measured comments from US Federal Reserve…
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Business
As Fed and regional rates fall, Asia’s banks remain attractive yield plays: analysts
Loan growth and risk levels will impact capital availability for dividends in Asean Even as the US Federal Reserve and central banks…
Business
Vietnam President Luong Cuong Calls on US Businesses to Strengthen Ties with Vietnam
In an effort to usher in a new era of bilateral cooperation, Vietnam President Luong Cuong has urged the US business community to increase…
Business
Singapore stocks slip as US Fed chair Powell says equities ‘highly valued’; STI drops 0.3%
In the wider market, gainers edge out losers 285 to 270, after 1.6 billion shares worth S$1.4 billion change hands The Straits Times Index…
Business
OCBC appoints Carina Lee as new group chief risk officer
OCBC has appointed Carina Lee – its current group chief credit officer for the wholesale banking business – as its new group chief risk…
Business
CapitaLand India Trust unit to divest two assets in Chennai, Hyderabad for 11 billion rupees
The total enterprise value of the sale is about 3 per cent higher than the aggregate of the independent valuations The trustee-manager of…
Business
UBS boosts payouts for US wealth advisers amid intense hiring battle
The move comes after UBS lost several high-profile US wealth adviser teams to rivals or independence UBS Group is raising the payouts…
Business
Japan's Nikkei closes at record as AI rally helps overcome early losses
Japan’s Nikkei share average closed at a record high on Wednesday (Sep 24), fighting back from early losses on optimism buoyed by…
Business
Asia’s real-time payments surge, but gaps persist: StanChart
A common challenge is reconciling payment data, where mandatory fields needed in one country’s transactions differ from those in another…
Business
Alibaba launches Qwen3-Max AI model with more than one trillion parameters
The company has announced plans to invest 380 billion yuan in artificial intelligence-related infrastructure over the next three years…
Business
Alibaba to open new data centres; unveils most powerful AI model
The expansion comes as the company positions AI, which includes cloud, as a core business priority alongside its traditional e-commerce…
Business
Australian central bank blasts ASX for trading settlement failures
The Australian Securities Exchange must make “foundational changes” to its governance, culture and risk management after last year’s…
Business
China’s Comac said to slash delivery targets for its C919 jet
The Chinese aircraft maker is seeing bottlenecks in virtually all key parts of its supply chain, hampering its ability to produce jets at…
Business
Asia: Markets waver after Wall Street retreats from record
EQUITIES wavered on Wednesday following a down day on Wall Street, where worries about high valuations were compounded by mixed messaging…
Business
US hedge fund Verdad plans to launch new Japan small-cap fund
A gauge of smaller stocks has outperformed the broader Topix this year with a gain of 19%, compared to 14% for the index Boston-based…
Business
Zijin Gold delays US$3.2 billion IPO as typhoon pummels Hong Kong
Zijin Gold International delayed its US$3.2 billion listing after Super Typhoon Ragasa slammed Hong Kong, bringing the city to a…
Business
Cathie Wood buys Alibaba after four years in China comeback
Cathie Wood’s funds reopened positions in Alibaba Group Holding for the first time in four years, just as the stock rallied to a multiyear…
Business
In just one year, Google turns AI setbacks into dominance
CAUGHT off guard by ChatGPT and mocked for early blunders with its own generative artificial intelligence efforts, Google has pulled off a…
Business
China’s new market tool steers clean energy to where it’s needed
Wind developers will also get about 40 per cent more for their electricity than their solar rivals Two of China’s industrial powerhouses…
Business
Gold steady near record high as markets assess Powell’s comment
The US weekly initial jobless claims report is due on Thursday, followed by the Personal Consumption Expenditures index, the Fed’s…
Business
New Zealand appoints Anna Breman as central bank governor
New Zealand Finance Minister Nicola Willis on Wednesday announced that Anna Breman has been appointed as the country’s new central bank...…
Business
Hong Kong bankers pack luxury hotels near offices for typhoon trading
Ragasa has pushed some conferences and forums scheduled for Wednesday and Thursday online, including a gathering on fixed income and…
Business
Food Empire raises S$42.8 million from placement of 17 million treasury shares
The placement is expected to broaden the company’s investor base and position it for future growth opportunities Food Empire raised around…
Business
Stocks to watch: Seatrium, Food Empire, Frasers Property, Frasers Centrepoint Trust
The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 24): Seatrium: The offshore,…