Business
Deutsche Bank sees gold at US$4,000 next year on Fed cuts, China
Deutsche Bank expects gold to average US$4,000 an ounce in 2026, as US Federal Reserve rate cuts and buying by China’s central bank ensure…
Tag
Sees
Business
Jio BlackRock sees India mutual fund industry tripling by 2032
Asia’s richest man is seeking to reshape India’s financial services industry by leveraging his vast telecom and retail empire BlackRock’s…
Business
Veteran banker sees Malaysia’s BNM keeping rates unchanged
A veteran banker who led a Malaysian lender to record profit says that the South-east Asian country can hold off on further cutting…
Business
Veteran banker sees Bank Negara keeping rates unchanged
A veteran banker who led a Malaysian lender to record profit says that the South-east Asian country can hold off on further cutting…
Business
Citigroup sees investment-banking fees, markets up mid-single digits
Volatility has whipsawed global markets since US President Donald Trump announced tariffs on trading partners around the world Citigroup…
Business
Bank of America sees two US Fed rate cuts this year vs none before
Economists at Bank of America forecast two US Federal Reserve interest-rate cuts this year, in September and December, based on weak…
Business
Citi expects global digital asset trades to hit US$2 trillion a day; DBS sees volume surge in H1
In a white paper released this week, Citi projected that in five years, the world will see US$2 trillion of digital assets held or traded…
Business
Federal Reserve’s Waller sees rate cuts over next 3-6 months, starting in September
FEDERAL Reserve Governor Christopher Waller on Thursday stepped up his call for cutting short-term US borrowing costs, saying he would…
Business
Air New Zealand full-year profit falls 15%, sees weakness ahead
The airline has been hamstrung by groundings due to extra maintenance on Pratt & Whitney and Rolls-Royce engines worldwide, and at one…
Business
Thai central bank sees room for accommodative policy in face of second-half challenges
Thailand’s monetary policy should remain accommodative as the economy will face multiple headwinds in the second half of this year,…
Business
AI job cuts debacle sees biggest Australia bank reverse tack
Commonwealth Bank of Australia (CBA) reversed a decision to cut 45 customer service roles due to new artificial intelligence (AI)…
Business
Nubank sees more credit growth as quality gauges hold up
Nu Holdings, Latin America’s biggest digital bank, reported a decline in credit quality that was roughly in line with analysts’…
Business
Foxconn sees robust AI demand continuing after Q2 profit tops forecast
Foxconn expects higher third-quarter revenue, it said on Thursday (Aug 14), on robust demand for artificial intelligence servers, which…
Business
CK Hutchison sees ‘reasonable chance’ of US$22.8 billion ports sale going through
CK Hutchison said on Thursday (Aug 14) its US$22.8 billion ports business sale had a “reasonable chance” of going through after a plan to…
Business
Thailand’s Delta sees AI boom boosting sales for coming years
Delta Electronics (Thailand), the country’s most valuable publicly traded company, is predicting “double-digit” sales growth to continue…
Business
Cisco sees AI sales picking up but sticks to cautious outlook
Cisco Systems, the largest maker of machines that run computer networks and the internet, gave a cautious forecast for the current fiscal…
Business
DBS sees rising demand for yuan settlements from Chinese exporters
DBS Group, South-east Asia’s largest lender by assets, is seeing growing interest from Chinese exporters to settle trades in renminbi…
Business
Nomura sees Fed cutting rates by 25bps in September as inflation cools
RA now expects the US Federal Reserve to cut interest rates by 25 basis points at its September meeting, citing softer core PCE inflation…
Business
‘It’s an expanding pie’: Salesforce sees Asia-Pacific as top growth region
Salesforce expects Asia-Pacific to remain its fastest-growing region by revenue in the coming years, as the software giant deepens its…
Business
IReit Global sees risk of losing potential lawsuit as ‘remote’, takes no action for now
The manager of IReit Global does not plan to take any steps to mitigate the impact of a potential lawsuit from its main tenant for now,…
Business
Apac logistics sector sees dampened near-term outlook but long-term growth plans unfazed: CBRE
Logistics occupiers across Asia-Pacific are looking beyond short-term market volatility and planning long-term investments, CBRE survey on…
Business
Genting Singapore sees another leadership shuffle with new COO and CFO appointments
Genting Singapore chief financial officer (CFO) Lee Shi Ruh has been appointed president and chief operating officer (COO), filling a…
Business
Richest Thai sees US$10 billion hydro, LNG projects driving growth
Construction on a US$1 billion LNG import terminal project, Thailand’s third, will start later this year before commercial operations are…
Business
Temasek sees 10 times gain with 5.5 billion euro stake sale in Indian JV with Schneider
Temasek Holdings has sold its 35 per cent stake in an Indian joint venture with Schneider Electric to the French company for 5.5 billion…