Business
US stocks close higher after Fed cuts interest rates
WALL Street ended higher on Wednesday, after the Federal Reserve cut interest rates by a quarter percentage point and signalled that it…
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interest
Business
Wall Street subdued at open ahead of Fed interest rate verdict
Wall Street’s main stock indexes opened little changed on Wednesday (Dec 10), ahead of a Federal Reserve monetary policy decision that is…
Business
Singapore stocks close flat ahead of Fed interest rate decision
Singapore stocks ended lower on Wednesday (Dec 10), ahead of a policy decision by the US Federal Reserve. The benchmark Straits Times…
Business
Oil hovers near two-week highs on expected US interest rate cut, geopolitical risk
Oil prices hovered at two-week highs on Monday (Dec 8) as investors expect a likely US Federal Reserve interest rate cut this week to lift…
Business
How banks handle interest rate swings may soon be clearer to investors
Newly proposed rules by International Accounting Standards Board centre on new Risk Mitigation Accounting model The International…
Business
ECB’s Lagarde says interest rates are at correct level
Most officials have signalled they do not see a need to adjust borrowing costs when they meet in December The European Central Bank (ECB)…
Business
South Korea holds interest rates as expected
South Korea’s central bank kept policy interest rates unchanged as widely expected on Thursday as a tumbling won reduced the scope for…
Business
US: Wall Street opens higher on Fed interest rate-cut expectations
Wall Street’s main indexes opened higher on Monday (Nov 24), buoyed by expectations of an imminent Federal Reserve interest rate cut in…
Business
Many US Fed members were inclined against December interest rate cut: minutes
Fed Chair Jerome Powell said last month that a further reduction in December was “not a foregone conclusion” MANY US Federal Reserve…
Business
Citi is growing rapidly in China on huge interest, CEO says
The lender is focused on serving Chinese companies looking to expand overseas as well as clients with cross-border need Citigroup is…
Business
Costa Coffee attracts takeover interest from backer of China’s Luckin
CENTURIUM Capital, the private equity backer of fast-growing Chinese chain Luckin Coffee, is considering a bid for UK cafe operator Costa…
Business
SBS Transit Q3 earnings fall 20.6% due to lower interest income
Revenue is also lower due to the loss of the Jurong West contract package to SMRT in September 2024 Bus and train operator SBS Transit’s…
Business
DBS banks on deposit growth to keep income stable in 2026 as interest rates fall
CEO Tan Su Shan sees opportunities within the equities capital markets and debt capital markets, as corporates return to these segments…
Business
Vietnam's Growth Draws South Korea's Interest in Deeper Economic Cooperation
South Korean President Lee Jae Myung highlighted the rapid development of Vietnam and expressed Seoul's desire to participate in its…
Business
Hong Kong central bank cuts interest rate, tracking Fed move
Hong Kong’s de-facto central bank on Thursday lowered its base interest rate by 25 basis points to 4.25 per cent, tracking a cut by the US…
Business
Federal Reserve Cuts Interest Rates by 25 Basis Points on Concerns of a Struggling Job Market Rather Than Combating Inflation
The Federal Reserve slashed interest rates by a quarter point for the second consecutive meeting, showing that policymakers remain more…
Business
Singapore receives interest from Malaysian firms to export renewable energy through second interconnector
For the city-state to achieve its net-zero carbon emissions target by 2050, the Asean Power Grid’s success is crucial Singapore’s energy…
Business
Mapletree Logistics Trust’s China asset divestments could pick up as interest rates fall
MLT is targeting divestments of S$100 million to S$150 million across its portfolio in FY2026 Mapletree Logistics Trust (MLT) is seeing…
Business
RHB lifts FCT target price on improved H2 earnings, asset enhancements, lower interest rates
RHB raised its target price for Frasers Centrepoint Trust (FCT) and maintained its “buy” rating, citing steady H2 earnings alongside…
Business
Catalist stocks ride on renewed market interest, but more needs to be done to spur mainboard transfers
Challenges faced in transitioning include low liquidity, limited visibility and investor perception issues, which hinder capital raising…
Business
Q&M proposes to buy interest in dental group in Thailand
Purchase consideration will be satisfied by a combination of cash and new ordinary shares Q&M Dental Group is proposing to acquire equity…
Business
JPMorgan lifts interest income forecast after profit beats estimates
JPMorgan Chase raised its full-year forecast for net interest income (NII) on Tuesday (Oct 14), after strong performance in its trading…
Business
Huawei’s EV partner Seres said to gauge interest for US$2 billion Hong Kong listing: sources
Chinese electric-vehicle maker Seres Group has started gauging investor interest for a Hong Kong listing that may raise US$1.5 billion to…
Business
Asia’s Reit market ‘finally recovering’ amid lower interest rates and new listings: Aprea
The real estate investment trust, or Reit, market in Asia is “finally recovering” on the back of lower interest rates, higher investor…