Business
Bitcoin falls below US$100,000 as risk-off mood weighs on crypto
Bitcoin has wiped out its summer rally, giving back gains made during Wall Street’s euphoric embrace and a surge in institutional buying.…
Tag
Weighs
Business
Chipmaker Yangtze Memory weighs over US$40 billion China IPO next year: sources
Yangtze Memory Technologies is considering an initial public offering in mainland China at a valuation that could exceed US$40 billion,…
Unsorted
Giorgio Armani names veteran Giuseppe Marsocci new CEO as fashion house weighs potential sale
Giorgio Armani appointed company veteran Giuseppe Marsocci as chief executive officer as the Italian fashion house considers a potential…
Unsorted
US weighs ban on Hong Kong tycoon Richard Li’s phone firm as China tensions rise
The move shows the US is widening its national security focus to include Hong Kong firms once seen as neutral The US took steps to block…
Unsorted
US weighs ban on Hong Kong tycoon Richard Li’s phone firm PCCW as China tensions rise
The move shows the US is widening its national security focus to include Hong Kong firms once seen as neutral The US took steps to block…
Business
Chinese 450 billion yuan optics firm Innolight weighs Hong Kong listing: sources
Zhongji Innolight, a Chinese maker of optical communication modules and devices, is considering a listing in Hong Kong, according to…
Business
Renault weighs making cars with China’s Chery in South America
Renault and China’s Chery Automobile are in talks to partner on carmaking and sales in South America as both manufacturers pursue growth…
Business
Cordlife weighs ability to continue as a going concern as potential one-year suspension looms
If the halt takes effect, the cord-blood bank will continue to incur fixed fees and other operating expenses while business activities…
Unsorted
US: Wall Street opens lower after rally, Trump’s visa crackdown weighs
WALL Street’s main indices opened lower on Monday (Sep 22) after rallying to record highs in the previous session, while uncertainty…
Business
Analysts see silver lining for fixed income amid US Fed rate cut, but uncertainty over trajectory weighs on investors
Market watchers believe the US dollar could see near-term resilience while the recent gold rally could slow down Asia’s equities markets…
Business
Indonesia weighs new central bank mandate; rupiah weakens
INDONESIAN lawmakers are weighing changes at the central bank that include a broader mandate and a lower bar for removing senior…
Business
Europe: Tech drag weighs on Stoxx 600 despite Inditex boost
EUROPEAN shares reversed course to close lower on Wednesday as a boost from Spanish fast-fashion giant Inditex was offset by a pullback in…
Business
China weighs curbs on stock speculation to foster steady gains
China’s financial regulators are considering a number of cooling measures for the stock market as they grow concerned about the speed of a…
Unsorted
Oil prices drop as Opec+ weighs another output hike
Oil prices fell by more than 2 per cent on Wednesday ahead of a weekend meeting of Opec+ producers that is expected to consider another…
Business
Creative narrows H2 loss to US$4.4 million, but US tariff threat weighs on revenue
Creative Technology posted a US$4.4 million net loss for the six months ended June, narrowed from the year-ago US$6.8 million loss, as…
Business
Global Stocks Turn Cautious as Nasdaq Slides, Nikkei Declines, and Fed Outlook Weighs on Markets
Global markets were mixed Wednesday. Stocks Big tech shares sank on Wall Street, dragging the Nasdaq and S&P 500 lower, even as the Dow…
Business
Singapore-based Shein reportedly weighs moving back to China to ease path for Hong Kong IPO
Fast-fashion retailer Shein Group has considered relocating its headquarters back to China in an effort to gain Beijing authorities’…
Business
Gold heads for weekly dip as strong dollar, US data weighs
Gold was flat in early Asian trade on Friday (Jul 18), heading for a weekly fall, weighed down by an overall stronger US dollar and solid…
Business
Apple weighs using Anthropic or OpenAI to power Siri in major reversal
Apple is considering using artificial intelligence (AI) technology from Anthropic PBC or OpenAI to power a new version of Siri, sidelining…
Business
US: Stocks rise as market weighs tariff ruling
Wall Street stocks finished modestly higher on Thursday following strong earnings from Nvidia as a judicial ruling added to uncertainty…
Business
StanChart profit beats as lender weighs impact of tariff war
DARD Chartered reported first-quarter profit that beat estimates as it weighs the impact of US President Donald Trump’s trade war.…
Business
StanChart Q1 profit beats estimates as lender weighs impact of Trump’s tariff war
Standard Chartered reported first-quarter profit that beat estimates as it weighs the impact of US President Donald Trump’s trade war.…
Business
Telegram weighs US$2 billion bond sale to refinance 2021 debt
[DUBAI/LONDON] Telegram is holding investor meetings about a bond sale worth about US$2 billion as the social media app seeks to refinance…
Unsorted
PSA weighs selling 20% stake in CK Hutchison’s ports business: sources
International is exploring the sale of its 20 per cent stake in CK Hutchison’s ports business, two people with knowledge of the matter…