Business
Hong Kong’s financial resurgence fuelled by surge of offshore wealth
Strong net fund inflows of HK$7 trillion brought the city’s managed assets back up to HK$35.1 trillion at the end of 2024 The turnaround…
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Business
Thai central bank cuts policy rate by 25 bps, as expected
The reduction is the fifth since October 2024, with rates down by a total of 125 basis points Thailand’s central bank cut its key interest…
Business
Bank Indonesia keeps rates steady, focuses on rupiah stability
Indonesia’s central bank kept its policy rates unchanged for a third straight policy meeting on Wednesday, maintaining its focus on…
Business
Top Glove Q1 profit surges more than 600% as costs fall
The glove maker reports a drop in operating expenses to RM842.9 million for the quarter Malaysian glove maker Top Glove on Wednesday (Dec…
News
Risk of major earthquake rising for Istanbul, geoscientists warn
Geological stresses in the subsurface south of the Turkish city of Istanbul are continuing to rise, increasing the risk of a strong…
News
Louisville Elementary School Teacher Arrested for Having Sexual Conversations with Her Student During Remote Learning Day
An elementary school teacher in Louisville, Kentucky, is accused of having sexual conversations with a fifth-grade student she taught.…
Business
Gold could hit US$5,000 an ounce in 2026 if risk hedging persists: market watchers
Returns are expected to moderate for the precious metal in the new year, say analysts Gold has surged more than 60 per cent since the…
Business
Top Hong Kong crypto exchange HashKey makes market debut
Hong Kong’s biggest licenced cryptocurrency exchange began trading on Wednesday (Dec 17) as the city pushes to become a global hub for the…
News
Las Vegas Teens Who Intentionally Rammed into Retired Police Chief for 'Fun,' Killing Him, Sentenced to Life in Prison
Two Las Vegas men, who as teenagers, intentionally struck and killed Andreas Probst, a 66-year-old retired police chief, with their…
Business
Hans Patuwo gets GoTo shareholders’ nod as CEO amid investor push for Grab deal
Shareholders of Indonesia’s digital giant GoTo Group have approved the appointment of Hans Patuwo as president director and chief…
Fashion
Louis Vuitton sues unit of SGX-listed ValueMax over alleged trademark infringement
Global luxury and fashion goods company Louis Vuitton has sued the wholly-owned subsidiary of mainboard-listed ValueMax Group in the…
Fashion
Dior Pre-fall 2026: Into the Groove
Having launched his Dior woman with a bang in his debut show last season, Jonathan Anderson is quietly building out her wardrobe. For his…
Business
Apollo weighs potential US$12 billion sale of Atlas Air
Apollo Global Management is exploring a potential sale of its aviation company Atlas Air Worldwide Holdings, according to sources familiar…
Business
Amazon in talks to invest in OpenAI, source says
AMAZON is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence…
Business
Drmtlgy Joins Ulta Beauty’s Roster
Ulta Beauty is continuing to ride the dermatological skin care boom, adding Drmtlgy to its assortment. Beginning Dec. 26, the skin care…
Business
Chip-sector linchpin Resonac seeks to tap China’s AI ambitions
Japan is home to a network of little-known companies that dominate in key materials that are indispensable for semiconductor manufacturing…
Business
Quadria Capital expands into the Middle East with new Dubai office
Healthcare-focused private equity firm Quadria Capital has expanded into the Middle East with a new Dubai office. This comes on the back…
Business
S&P Global shifts Genting companies’ outlook to negative on weaker credit quality forecasts
Group capital expenditure could double in 2026, with earnings ‘unlikely’ to keep pace S&P Global Ratings revised its outlook for the…
Business
Asian markets drift as US jobs data fails to boost rate cut hopes
ASIAN equities fluctuated on Wednesday as mixed US jobs data did little to boost expectations for another interest rate cut next month,…
Business
Visa offers stablecoin settlement for US banks using Circle’s USDC
Visa is opening its US network to stablecoin settlement, expanding crypto-linked products and services enabled by the relaxed regulatory…
Business
Tada commits S$1 million to put brakes on high-commission models
The initiative aims to reverse falling driver earnings and rising ride-hail prices Ride-hailing platform Tada has set its sights on its…
Business
Tada commits S$1 million to put brakes on high-commission ride-hailing models
The initiative aims to reverse falling driver earnings and rising ride-hail prices Ride-hailing platform Tada is challenging rivals such…
Business
Japan’s Mizuho to buy majority of India’s Avendus from KKR for up to 81 billion yen
Japan’s Mizuho Securities on Wednesday (Dec 17) said that it will buy a majority stake in Indian investment bank Avendus from US…
Business
Bessent sees one or two more Fed chair interviews this week
Trump is slated to interview the central bank governor Chris Waller on Dec 17 for the chair job Treasury Secretary Scott Bessent said…