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Sudden shift in China metals sentiment drives LME Week optimism
METALS traders arriving in London for London Metal Exchange (LME) Week were in for a surprise as they caught up with friends and customers from China. For the last...
Hot stock: Parkson Retail Asia surges as much as 16.2% upon watch list exit
SHARES of Parkson Retail Asia spiked on Friday (Oct 4) morning amid heavy trading volumes, following an announcement by the mainboard-listed department store retailer that it was exiting the...
Gold holds steady as traders wait for US payroll data
GOLD prices traded flat on Thursday (Oct 3) but were slightly down for the week, as market focus shifted to a crucial US payrolls report for clearer insight into...
Citadel boosts Asia fundamental equities headcount past 60
CITADEL’S US$64 billion hedge fund business has increased its Asia fundamental equities headcount to more than 60 people in just over three years, according to sources familiar with the...
Singapore shares open lower on Friday; STI down 0.2%
SINGAPORE stocks declined at the opening bell on Friday (Oct 4), after geopolitical tensions in the Middle East left Wall Street and European markets in a sea of red.As...
US port strike ends, leaving cargo backlog
US East Coast and Gulf Coast ports began reopening late on Thursday (Oct 3) after dockworkers and port operators reached a wage deal to settle the industry’s biggest work...
Stocks to watch: UOB, Qian Hu
THE following companies saw new developments that may affect trading of their securities on Friday (Oct 4):UOB: The bank’s Sydney branch is set to issue A$100 million (S$88.8 million)...
Binance’s crypto market share drops to lowest level in four years
BINANCE’S rehabilitative efforts appear to be slow to take root, with the largest crypto platform’s share of trading volume in the roughly US$2 trillion digital-asset market falling in September...
Germany to vote against EU tariffs on Chinese electric vehicles: sources
GERMANY on Friday (Oct 4) will vote against the introduction of European Union tariffs on Chinese electric vehicles, sources with knowledge of the matter said on Thursday.Germany abstained in...
Tesla plans four new batteries in 2026, including for robotaxi: report
TESLA plans to design four new versions of its in-house battery to power the Cybertruck, its forthcoming robotaxi and other electric vehicles (EVs), The Information reported on Thursday (Oct...
Judge blocks California law that targeted deepfake campaign ads
With deepfake video and audio making their way into political campaigns, California enacted its toughest restrictions yet in September: a law prohibiting political ads within 120 days of an...
ExxonMobil expects third-quarter earnings were hit by lower oil prices
A SLUMP in oil prices probably reduced ExxonMobil’s third-quarter upstream earnings by US$600 million to US$1 billion, the oil major signalled in a regulatory filing published on Thursday (Oct...