Business
US: Wall Street muted at open with Powell in spotlight for rate outlook
Wall Street’s main indexes were muted at open on Tuesday (Sep 23) as the recent tech-fuelled rally took a breather, while investors…
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Business
Business
Can we stop talking about T-bills now?
Singapore’s equities market is booming. And market watchers believe there is more upside on the horizon. I was slightly aghast when a…
Business
Nvidia’s US$100 billion OpenAI play raises big antitrust issues
The US$100 billion partnership between dominant AI chipmaker Nvidia and leading artificial intelligence company OpenAI could give both…
Business
Singapore stocks rise on Tuesday; STI gains 0.1% as investors react to growth forecast
Across the broader market, decliners outnumber advancers 306 to 257 after about 1.5 billion shares worth S$1.4 billion change hands Local…
Business
How typhoons can delay big IPOs like Zijin Gold’s US$3.2 billion deal in Hong Kong
One could be forgiven to question how a storm could delay one of the world’s biggest deals in a sophisticated financial centre like Hong…
Business
Audemars Piguet Joins 2026 Watches and Wonders Lineup
PARIS – Watches and Wonders keeps on growing. The annual watch industry fair announced Tuesday the arrival of Audemars Piguet among the…
Business
Heineken to buy Fifco businesses for US$3.2 billion in Central America push
The deal will enable Heineken to enter “new profit pools” across Central America, says chief executive Dolf van den Brink Dutch brewer…
Business
Jordan Hames Builds Six-Figure Property Portfolio With Samuel Leeds's Guidance
Former model and media personality Jordan Hames has quietly established himself as a successful property investor, completing multiple…
Business
Thai central bank wants to avoid side effects from steps to constrain baht, official says
Thailand’s central bank wants to avoid unintended consequences from any measures such as a tax on gold trading that it takes to curb the…
Business
Huawei plans three-year campaign to overtake Nvidia in AI chips
Huawei Technologies openly admits its silicon cannot match Nvidia’s in raw power and speed. So to pack the same punch, China’s national…
Business
Galeries Lafayette Names Alexandre Liot Deputy CEO, Alix Morabito to Lead Offer and Purchasing
PARIS — French department store Galeries Lafayette has announced two senior appointments to its executive committee, promoting Alexandre…
Business
Australia sues IAG's unit for allegedly misleading thousands of customers
RACQ Insurance, a unit of Insurance Australia Group, misled thousands of customers with false premium comparison The Australian Securities…
Business
KKR holds first Asia board meeting in Tokyo, as Japan leads firm’s regional growth
New York-headquartered KKR is holding its first board meeting in Asia this week in Tokyo, a spokesperson for the firm said on Tuesday (Sep…
Business
L’Oreal only interested in Armani’s profitable beauty business
Giorgio Armani’s death this month at the age of 91 has triggered intense speculation and analysis about which company would make the most…
Business
Asia: Markets struggle as focus turns to US inflation
ASIAN markets struggled on Tuesday to track another record day on Wall Street, with traders now awaiting the release of US inflation data…
Business
Tech deals no longer an easy win for investors; AI demand will see more need for power supply: Bain report
Software spending among companies is declining, and software revenue as a percentage of US GDP has started to ease off After years of…
Business
HSBC adviser who criticised the US is set to join China’s AIIB
The process is ongoing and there’s no certainty Cowper-Coles will accept the role HSBC Holdings’ former head of public affairs, who once…
Business
Singapore firm rejects US$1 billion Sri Lankan pollution damages
X-Press Feeders has operated the MV X-Press Pearl that sank off Colombo Port in June 2021 after a fire, believed to have been caused by a…
Business
Apac data centre owners look beyond banks to fund US$100 billion of construction over 5 years: S&P
Options include capital recycling via Reits, asset-backed securities, private credit funding Asia Pacific (Apac) data centre operators…
Business
Malaysian top stock Gamuda seen rising to record on growth
The company is confident of maintaining its order book target of RM40 billion to RM45 billion by the end of 2025 Optimism that Malaysian…
Business
Amazon faces US trial over alleged Prime subscription tricks
JURY selection began on Monday in a US government lawsuit accusing e-commerce giant Amazon of using tricks to enroll millions of customers…
Business
PBOC unswayed by US Fed as policy choices hinge on data at home
The economy’s slower nominal growth also implies that the earnings of companies and individuals are increasing at a weaker rate with…
Business
Gold hits record high as traders bet on US rate cuts, eye Powell’s signal
Gold prices climbed to a record high on Tuesday (Sep 23), supported by growing expectations of further US rate cuts and a slightly weaker…
Business
China’s solar leader looks away from Sun to solve grid glut
China’s top province for solar panels plans to accelerate the development of other renewables as well as battery storage, as it seeks to…