Business
Gold climbs to record above US$5,500 on bets for dovish Fed chair
Gold surged to an all-time high above US$5,500 an ounce, extending a breakneck rally fuelled by US dollar weakness and expectations the…
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climbs
Business
Gold climbs to record high above US$5,300 as US dollar slips
Interest-free gold thrives in low-rate climates as the Fed likely holds rates steady this January — Gold prices rose above US$5,300 per…
Business
Bank of America profit climbs as trading surges in volatile markets
Bank of America’s profit rose, as its traders brought in more revenue from spurred client activity in the fourth quarter due to increased…
Business
London’s FTSE 100 climbs to record high on energy, defence gains
The UK’s FTSE 100 climbed to a record high on Tuesday (Jan 6), holding steady above the 10,000-point mark, with oil and defence stocks…
Business
Renminbi climbs past 7 per US dollar onshore for first time since 2023
A stronger currency makes imports cheaper, and aids China authorities’ long-term goal of internationalising the currency The renminbi…
Business
Nike climbs as Apple’s Tim Cook buys US$3 million in stock
Nike shares ticked up 2 per cent in premarket trading on Wednesday (Dec 24) after Apple CEO Tim Cook bought nearly US$3 million worth of…
Business
Australian dollar climbs to highest since Oct 2024 on RBA bets
The Australian dollar climbed to its strongest in more than a year after traders ratchet expectations the Reserve Bank will quickly shift…
Business
China’s renminbi climbs to 15-month high, overcoming weak PBOC fixing
On Dec 23, onshore yuan ends at 7.0287 per US dollar, while its offshore counterpart fetches 7.0181 at 4.30pm SGT China’s renminbi climbed…
Business
Wall Street climbs as tech rebound gathers momentum
US stocks rose on Monday (Dec 22), kicking off the holiday-shortened week on a positive note, as technology stocks continued to rebound…
Business
Baht soars to 3-year high against Singdollar as it climbs on gold spike, yuan strength
Thai currency’s rise is fuelled by a soft US dollar, recent Fed easing and sharp acceleration in gold prices The baht’s rally has pushed…
Business
Gold ticks higher as US unemployment climbs in November
Gold climbed on Wednesday (Dec 17) after a US jobs report showed the unemployment rate rose in November, buoying bets of further US…
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Silver tops US$65 for first time; gold firms as US unemployment rate climbs
Silver vaulted past the US$65 mark for the first time on Wednesday (Dec 17), while gold edged higher as weaker US labour data rekindled…
Business
Singapore insurers brace for 2026 as medical inflation climbs and IP rules tighten
Despite challenges, longer-term demographic and wealth trends remain supportive, observers say Medical inflation is expected to remain one…
Business
Gold edges lower as dollar climbs to near one-week high ahead of Fed verdict
Gold inched lower on Wednesday (Dec 10), as the dollar rose after a US jobs report indicated a stronger-than-expected labour market,…
Business
Oil climbs to 2-week high on Fed rate-cut signals, supply concerns
Oil prices edged up nearly 1 per cent to a two-week high on Friday (Dec 5) on increasing expectations the US Federal Reserve will cut…
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Oil climbs over US$1 a barrel on Opec action, Ukraine attack
Brent and WTI crude futures settled lower on Friday for the fourth straight month, their longest losing streak since 2023, as expectations…
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Oil climbs after Opec+ reiterates pause with focus on Venezuela
Oil posts a fourth straight monthly drop in November as expectations of a swelling surplus weigh on outlook [LONDON/MOSCOW] Oil rose after…
Business
Europe’s Stoxx 600 climbs on Fed cut hopes; banks rally post-UK budget announcement
EUROPE’S main equity indexes closed higher on Wednesday, led by technology stocks as growing expectations of a US rate cut boosted global…
Business
Geely profit climbs despite competition, regulatory scrutiny
Geely Automobile Holdings’ third-quarter profit rose as an ongoing discounting campaign turbo-charged sales. Net income rose 59 per cent…
Business
Australian dollar climbs on US shutdown hopes, hits 12-year high on kiwi
The Australian dollar climbed on Monday amid hopes that the US government shutdown may end, while still hawkish commentary from a top…
News
Agony for families as landslide death toll climbs in Uganda and Kenya
More than 40 people are now known to have died after multiple landslides struck Kenya and Uganda's mountainous border region last week. "I…
Business
Airbus profit climbs 14% on defence boost
EUROPEAN plane-maker Airbus said Wednesday its third-quarter net profit surged by 14 per cent to 1.1 billion euros (S$1.66 billion) on the…
Business
US: Wall Street opens higher as Fed meeting week begins; Tesla climbs
Wall Street indexes opened slightly higher on Monday (Sep 15), setting the stage for a week dominated by the Federal Reserve’s policy…
Business
StanChart Singapore’s first-half profit climbs 12.4% to nearly S$1 billion
StanChart Singapore’s net profit climbed 12.4 per cent to S$961 million in the first six months of this year, from S$854 million in the…