Business
China weighs curbs on stock speculation to foster steady gains
China’s financial regulators are considering a number of cooling measures for the stock market as they grow concerned about the speed of a…
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Business
Business
Gold holds firm near record high on US rate-cut expectations
Gold held steady on Thursday (Sep 4), hovering near all-time high hit in the previous session, buoyed by global uncertainties and…
Business
More Chinese companies looking to manufacture in Indonesia: OCBC
Chinese companies are increasingly looking to set up their manufacturing operations in Indonesia, instead of just exporting and…
Business
Instagram-style Xiaohongshu hits US$31 billion value in GSR books
XIAOHONGSHU’S valuation surged 19 per cent to US$31 billion in just three months during recent transactions via a major fund, underscoring…
Business
Prosecution, defence spar over request for evidence on how banks reacted to Hyflux power strategy
A war of words erupted between the prosecution and defence in the Hyflux criminal trial on Sep 3, following a surprise request by Senior…
Business
Bank Indonesia to raise interest paid on government deposits under ‘burden sharing’ deal
Indonesia’s central bank said it had agreed on a “burden sharing” arrangement with the government where it will raise the interest rates…
Business
KKR, Apollo fuel rush of private investment into Asia’s schools
Private money is pouring into schools in Asia as investors seek to turn a profit on the growing demand for quality education. The booming…
Business
Trump’s oldest sons’ American Bitcoin stake worth US$1.5 billion in stock debut
A bitcoin company tied to President Donald Trump’s two oldest sons more than doubled in value in its stock market debut on Wednesday,…
Business
Stocks to watch: Keppel, Keppel DC Reit, Oiltek, mm2 Asia
The following companies saw new developments that may affect trading of their securities on Thursday (Sep 4): Keppel, Keppel DC Reit: The…
Business
Singapore’s snowballing cash levels are boosting local bonds
The recent build-up of cash in Singapore’s money market is strengthening demand for the nation’s bonds, driving returns to near the…
Business
EXCLUSIVE: W Hotels Debuts $100 Million Union Square Flagship
Twenty-six years after W Hotels ignited the lifestyle hotel movement, the brand is undergoing its most significant evolution yet. The…
Business
Federal Reserve officials, worried about jobs, muse on rate-cut prospects
SEVERAL Federal Reserve officials who spoke on Wednesday said labour market worries continue to animate their belief that rate cuts still…
Business
McDonald’s exits restaurant group as wage rift divides industry
The association has said that tipped workers often make much more than minimum wage McDonald’s pulled out of the trade group that lobbies…
Business
Federal Reserve report spotlights strains felt by US businesses, households
US ECONOMIC activity and employment were mostly little changed or unchanged in recent weeks while prices rose moderately or modestly, the…
Business
Apple plans AI-powered web search tool for Siri to rival OpenAI, Perplexity
Apple is planning to launch its own artificial intelligence (AI)-powered web search tool next year, stepping up competition with OpenAI…
Business
NTT Data hedges its AI bets
Global systems integrator NTT Data is navigating the rising tensions between artificial intelligence (AI) giants in the East and West by…
Business
Salesforce projects weak sales growth, fuelling AI anxiety
Salesforce projected lacklustre quarterly sales growth, suggesting its artificial intelligence (AI) product is not yet paying off as…
Business
Europe: Shares close higher as bond selloff cools
EUROPEAN shares ended higher on Wednesday, stabilising as investors assessed fiscal challenges after a selloff in longer-dated bonds had…
Business
Alphabet's stock climbs after judge rules Google won't be forced to sell Chrome
When a federal judge deemed Google a “monopolist” last year, questions lingered about how he would help restore competition in online…
Business
US: Tech shares lead stocks higher ahead of jobs data
Wall Street stocks finished mostly higher on Wednesday following gains by Google parent Alphabet and Apple as markets look ahead to key US…
Business
FACT CHECK? Did Texas Ban Mountain Dew, Claiming It Is Banned in 160 Other Countries?
Late last month, a wave of viral social media posts — racking up thousands of likes and shares — claimed that Mountain Dew, the popular…
Business
mm2 Asia says voluntary liquidation of Cathay Cineplexes unlikely to affect operations
Entertainment company mm2 Asia on Wednesday (Sep 3) said the voluntary liquidation of Cathay Cineplexes is not expected to adversely…
Business
Unilever CEO plans shakeup of top 200 managers in overhaul
Unilever chief executive officer Fernando Fernandez expects to replace a quarter of the group’s top 200 managers following a performance…
Business
OpenAI to Introduce Parental Controls, Crisis Detection, and Chat Safeguards to ChatGPT Amid Teen Suicide Lawsuit
New ChatGPT safety updates were released by OpenAI. The measures, designed to make the tool safer for teenagers and people with mental…