Business
Malaysia’s central bank pauses rate cuts, signals confidence in economic outlook
Bank Negara Malaysia left its benchmark interest rate unchanged at 2.75 per cent on Thursday (Sep 4), noting that the global economy is…
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Business
Thousands of Lloyds staff at risk of dismissal in performance overhaul
British lender Lloyds Banking Group will put about 3,000 people deemed among the bottom 5 per cent of performers at risk of dismissal, the…
Business
Thousands of Lloyds staff at risk of dismissal in performance overhaul: FT
British lender Lloyds Banking Group will put about 3,000 people deemed among the bottom 5 per cent of performers at risk of dismissal, the…
Business
Pertamina seeks US$2.5 billion loan as Indonesia dollar deals rise
The nation’s markets are just recovering after the social unrest, which has subsided, sparked a sell-off in stocks and bonds Indonesia’s…
Business
Political instability in France: How does it impact the economy and investments?
Political instability is fuelling recession fears in Europe’s second biggest economy, where fragile growth has recently shown surprising…
Business
Chinese solar maker calls turning point for embattled industry
To help fix the industry, major firms intend to establish a fund of at least 50 billion yuan this quarter to purchase and shut down over…
Business
Asia: Markets tick up after Wall Street rebound
Asian stock markets were mostly up on Thursday morning, tracking gains made on Wall Street as a weak labour market report in the United…
Business
Japan’s Nidec shares sink 22% on fears of systematic accounting issues
Nidec’s shares plunged as much as 22 per cent, the most on record, after the Japanese electronic components maker found evidence that…
Business
Blackstone revamps Asia real estate unit as Miyasaki steps down
Blackstone is revamping the senior management at its Asia real estate unit as its long-serving head of acquisitions is set to leave,…
Business
Blackstone revamps Asia real estate unit as senior executive steps down
Blackstone is revamping the senior management at its Asia real estate unit as its long-serving head of acquisitions is set to leave,…
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…
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…