Tech giants test investors’ patience with AI spending spree
Alphabet, Meta Platforms and Microsoft, together have racked up some US$78 billion in capital expenditures last quarter The largest technology companies are betting on an artificial…
Swedan Margen
I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.
47% China tariffs, rare earths, soybeans: What Trump, Xi said about their meeting and what’s next
[BUSAN, South Korea] US President Donald Trump said he had struck a deal to reduce tariffs on China to 47 per cent in exchange for Beijing resuming US soybean purchases, keeping rare…
Bank of Japan keeps interest rates unchanged
The Bank of Japan kept interest rates on hold Thursday at 0.5 per cent, as widely expected by economists. The announcement came after the first monetary policy meeting since Sanae Takaichi…
‘I take ultimate responsibility’: Lim Boon Heng on failed Allianz-Income union
Lim and the NTUC Enterprise board acknowledge that the German insurer’s offer could have been managed better Former Cabinet minister Lim Boon Heng said he takes “ultimate responsibility”…
China stocks climb to 10-year peak as Trump-Xi meeting begins
CHINESE shares climbed to a decade high on Thursday as US President Donald Trump and Chinese President Xi Jinping began a high-stakes meeting, fuelling cautious optimism for a potential…
China stocks retreat from decade high as Trump-Xi trade deal yields few surprises
Investors cheer easing US-China tensions but stay cautious, wary a final deal may disappoint Chinese shares pulled back from a decade high on Thursday (Oct 30) as US President Donald Trump…
Gold ticks up on US dollar retreat, Fed rate cut
Focus now shifts to US President Trump’s meeting with Chinese leader Xi Jinping in South Korea later in the day Gold prices edged higher on Thursday (Oct 30), as a slight pullback in the…
Indonesian bonds seen extending rally on rate-cut expectations
Indonesian bonds have room to rally further, according to strategists, on expectations of further interest-rate cuts by the central bank. Nomura Holdings says the benchmark 10-year yield…
Vietnam equity outflows ease on currency rebound, growth hopes
Foreign outflows from Vietnam stocks are easing, helped by renewed strength in the country’s currency and lower valuations. Global funds sold a net US$723 million of local shares this…
UK energy watchdog plans to tackle £4.4 billion consumer debts
Britain’s energy regulator Ofgem announced plans on Thursday to tackle £4.4 billion (S$7.5 billion) of debts built up by customers, which are driving up bills for millions of households.…
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 Federal Reserve. It was the second easing by the…
Stocks to watch: Keppel, Great Eastern, Mapletree Industrial Trust, Hong Leong Asia, CapitaLand China Trust, Starhill Global Reit
The following companies saw new developments that may affect trading of their securities on Thursday (Oct 30): Keppel: Keppel reported a 5 per cent increase in net profit for the first…
Air Traffic Delays Pile Up as Shutdown Drags On
And it will only get worse. Source link
Chinese financials’ earnings growth set to outpace wider market
Optimism on bank stocks is rising, as improved bottom lines bolster the chance for better returns for investors China’s financial sector is on track to outpace the broader market’s…
Starbucks sales rebound globally, coffee prices bite margins
Global prices for raw arabica beans are up more than 20% this year after soaring 70% in 2024 Starbucks posted on Wednesday (Oct 29) that its first quarter of gains in global comparable…
Microsoft‘s massive AI spending draws investor concerns as cloud business booms
MICROSOFT’S spending on artificial intelligence infrastructure soared to a record of nearly US$35 billion in the September quarter, deepening investor concerns about the mounting costs of…
Europe: Shares pause at highs after earnings
EUROPE’S Stoxx 600 was muted on Wednesday as investors awaited the US Federal Reserve’s rate decision later in the day, while parsing through a raft of corporate earnings. The…
Senate votes to nullify Trump tariffs on Canada with four Republicans defying Trump
The Senate voted Wednesday to terminate the emergency powers that President Trump used to impose tariffs on products from Canada, a neighbor and major trading partner. Source link
Some airlines are providing free meals for unpaid air traffic controllers during government shutdown
America's air traffic controllers missed their first full paychecks of the government shutdown Tuesday, and some airlines are now donating meals to keep them fed. Source link
New documents expose Biden DOJ's 'fishing expedition' into Trump, Republicans during 2024 race
Jaw-dropping whistleblower documents made public Wednesday show the Biden Justice Department secretly cast a massive, investigatory net over the Republican Party, and much of the…
Supreme Court probes Trump's attempt to send National Guard to Chicago
The Supreme Court began to delve into President Trump's troop deployment in Chicago on Wednesday, asking the opposing sides to brief the justices on what sort of conditions a president…
Cameo sues OpenAI for trademark infringement
OpenAI, which faced a fierce blowback in Hollywood last month as images of celebrities and dead newsmakers were manipulated without consent, is now drawing more scrutiny over its…
The Rush to Digital ID Is Creepy
The problems it solves are real but comparatively minor. The risks it creates are enormous. Source link
Polls offer ray of hope to Cuomo, showing gains on Mamdani in NYC mayoral race
A pair of newly released polls showed former New York Gov. Andrew Cuomo cutting his double-digit deficit nearly in half against Zohran Mamdani in New York City's closely watched mayoral…