Business
Intel gives weak forecast after supply shortages hurt sales
Intel gave a lacklustre forecast for the current quarter because supply shortages are making it harder to meet customer demand, a…
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Business
Bank of Japan is said to heighten focus on price impact of weak yen
A fall in the local currency increases inflationary pressures via the higher cost of imports, while it boosts exporters’ profits Bank of…
Business
Bank of Korea stands pat as board wary of weak won, property market rally
South Korea’s central bank left its benchmark interest rate unchanged in a widely expected move, as authorities monitor the weakening won…
Business
Japan finance minister says US Treasury’s Bessent shares concerns about weak yen
JAPAN’S Finance Minister Satsuki Katayama said she and US Treasury Secretary Scott Bessent shared concerns over what she called the yen’s…
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Stellantis scraps US plug-in hybrid sales, citing weak demand
The automaker’s pullback comes as Detroit carmakers reassess electric-vehicle spending amid policy changes under US President Donald Trump…
Business
Ikea to close seven shops in China amid competition, weak demand
The restructuring is aimed at directing resources to channels closer to consumers Ikea will shutter seven of its signature blue-box…
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
China consumer shares hit record losing streak on weak demand
Chinese consumer stocks are headed for their longest-ever stretch of annual underperformance, and analysts expect the trajectory to…
Business
Oracle posts weak cloud sales, raising fear of delayed payoff
The company has taken out significant sums of debt and committed to leasing multiple data centre sites Oracle posted disappointing cloud…
Business
Hewlett Packard forecasts weak quarterly revenue, shares fall
Analysts expect macroeconomic weakness to continue to pressure the compute, storage and networking sectors Hewlett Packard Enterprise…
Business
Gold holds steady after weak US jobs data reinforce rate-cut bets
Gold prices held steady above the US$4,200 mark on Thursday (Dec 4), buoyed by weak private payrolls data that reinforced expectations of…
Business
Concerns of weak prospects at Low Keng Huat belie a history of strong shareholder returns
Over the past 16 years, its shares have delivered a total return higher than that of STI, CDL, Hongkong Land and UOL shares The offeror…
Business
Thai prices hit near 4-month high; India prices ease on weak demand, soft rupee
Thailand’s 5% broken rice was quoted at US$370 per metric tonne, its highest since July 31 Thailand’s rice prices jumped to a near…
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Tether stablecoin stability rating reduced to ‘weak’ at S&P
A crash in Bitcoin’s price this month has left the asset on track for its worst monthly performance The ability of Tether’s USDT…
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Exxon freezes plans for major hydrogen plant amid weak customer demand
Exxon Mobil has paused plans to build what would be one of the world’s largest hydrogen production facilities due to weak customer demand,…
Business
Weak US dollar lowers net returns on investments, says Temasek chief
Hedging costs have risen, but rotating out of US equities ‘not easy”, adds executive director and CEO Dilhan Pillay The US dollar’s recent…
Business
US Fed official backs further rate cut due to weak job market
A KEY Federal Reserve official said Monday that he supports a third consecutive interest rate cut by the US central bank in December, as…
Business
Oil falls as investors weigh potential supply glut, weak demand
Oil prices declined on Thursday as investors considered a potential supply glut, as well as weakened demand in the United States, the…
Business
Air New Zealand warns of first-half loss as weak bookings and rising costs bite
AIR New Zealand on Wednesday warned it would report a first-half loss after soft local economic conditions dented expectations for a…
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Why India’s weak rupee has suddenly spiked in value
UNTIL mid-October, the Indian rupee was Asia’s worst-performing currency of 2025. It was heading for its biggest annual drop since 2022 –…
Business
Thai banks face lending income hit as weak economy persists
Margins will be pinched as interest-income gains are further limited, compounded by weak lending and bad debt Four of Thailand’s largest…
Business
BMW cuts annual guidance on weak China sales, tariff costs
The slack demand for luxury EVs is hitting automakers already dealing with muted growth in Europe and duties in the US BMW lowered its…
Business
US: Wall Street opens lower after weak private payrolls data, government shutdown
WALL Street’s main indexes opened lower on Wednesday (Oct 1) after much weaker-than-expected private payrolls data, while the federal…
Business
Khazanah’s chief investment officer urges investors to ‘co-parent’ Asian firms amid weak returns
He says public market investors can play a more active role, while private equity can acquire underperforming assets Investors, including…