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US: Wall St opens higher as Fed rate cut expectations firm
Wall Street’s main indexes opened higher on Monday (Sep 8), rebounding from the previous session’s decline, amid hopes that the Federal…
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Singapore stocks end flat amid regional rally amid US rate cut expectations
Local stocks ended flat on Monday (Sep 8) while Asian markets rallied amid expectations that the US will cut rates in September, given a…
Business
Singapore stocks rally as investors price in September Fed rate cut; STI up 0.2%
The local bourse logged gains for a second straight day on Friday (Sep 5), closing higher alongside regional markets amid expectations…
Business
Salesforce CEO Marc Benioff says he cut 4,000 support roles because of AI
Artificial intelligence already is replacing certain jobs at technology companies. Last week, Salesforce Chief Executive Marc Benioff said…
Business
‘Nikko’ cut from new name of US$260 billion Japanese asset manager
Nikko Asset Management is changing its name to Amova Asset Management, removing “Nikko” for the first time since it was founded in 1959 in…
Business
Bank of Korea holds for now, lays ground for rate cut after Fed
The Bank of Korea (BOK) paved the way for a possible interest rate cut after an expected move by the Federal Reserve next month while…
Business
Barclays, BNP pivot to September Fed rate cut on Powell’s labour warning
Barclays and BNP Paribas expect the US Federal Reserve to make a 25-basis-point interest rate cut in September, according to notes dated…
Business
Asia: Markets rise on US rate cut hopes
Asian markets kicked off the week with a rally on Monday (Aug 25) morning, tracking gains made by Wall Street on Friday after the US…
Business
US Fed’s Alberto Musalem says more data is needed to decide whether a September rate cut is warranted
St Louis Fed president Alberto Musalem said on Friday (Aug 22) he will need more data before deciding to support a rate cut at the Fed’s…
Business
US: Dow hits fresh record after Fed chair signals possible rate cut
Wall Street rallied on Friday (Aug 22) after US Federal Reserve chair Jerome Powell opened the door to lowering interest rates – with the…
Business
Europe: Shares close at five-month highs after Powell hints at September rate cut
European shares closed at their highest level in more than five months on Friday (Aug 22) after US Federal Reserve chair Jerome Powell…
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Fed officials lukewarm on September rate cut as markets await Powell speech
Three Federal Reserve officials appeared lukewarm on Thursday to the idea of an interest rate cut next month, as investors geared up for…
Business
US banks cut back muni exposure to lowest since financial crisis
US banks are holding the smallest share of debt sold by states and localities since the financial crisis despite attractive valuations and…
Business
Asian Stocks Rally with Nikkei at All-Time High; Global Markets Eye Fed Rate Cut Signals
Global markets took a wait-and-see attitude on Tuesday, as European shares were up only slightly and futures markets reflected little…
Business
Australian biotech giant CSL to spin off vaccine unit Seqirus, cut 15% of workforce
While the Melbourne-based company employs around 32,000 people, no firm number was put on the job cuts Australian biotech giant CSL said…
Business
Gold poised for weekly fall as bets fade for big Fed rate cut
Gold was subdued on Friday (Aug 15) and was heading for a weekly fall, as hotter-than-expected US inflation data dented expectations for a…
Business
Dentsu plans to cut about 3,400 overseas jobs to trim cost
The reduction, focused on headquarters and back-office functions in markets outside of Japan Japanese advertising company Dentsu Group…
Business
Asian Stocks Advance as Nikkei Hits Record High, Expectations for Fed Rate Cut Grow
Asian equities advanced Wednesday, led by Japan's Nikkei 225, which hit an all-time high above 43,000 as trading resumed following a…
Business
Europe: Shares near two-week highs on Fed rate cut expectations
EUROPEAN shares hit a near two-week high on Wednesday, underpinned by gains in heavyweight healthcare and technology stocks, as…
Business
US: S&P 500, Nasdaq hit record highs at open on September rate cut hopes
Wall Street’s main indexes opened higher on Wednesday (Aug 13) with the benchmark S&P 500 and the Nasdaq hitting record highs, underpinned…
Business
Asia: Stocks to gain as US CPI fuels Fed cut bets
STOCKS in Asia were set to track Wall Street higher after an in-line US inflation reading bolstered speculation the Federal Reserve will…
Business
Philippine central bank signals August rate cut
— The Philippine central bank signalled on Monday (Aug 11) that it may deliver the first of two remaining interest rate cuts this year at…
Business
US: Nasdaq posts record closing high with tech gains, rate cut optimism
US stocks ended higher and the Nasdaq notched a record closing high for the second straight day on Friday (Aug 8) as technology-related…
Business
Gold inches higher as US dollar weakens on Fed rate cut hopes
Gold prices edged higher on Thursday (Aug 7), helped by a weaker US dollar on growing expectations of a Federal Reserve rate cut next…