Culture
Morgan Stanley seeks to redeem cash from Jefferies’ Point Bonita fund, source says
[ad_1] [NEW YORK] Morgan Stanley’s asset management unit asked investment bank Jefferies to return some money it invested in the latter bank’s Point Bonita Capital fund, according to a person...
Europe: Trump’s fresh tariff threats knock Europe stocks to weekly loss in last-minute slide
[ad_1] [BENGALURU] European shares tanked on Friday (Oct 10), erasing weekly gains in a last-minute slide as renewed trade war fears sparked by fresh threats from US President Donald Trump...
Trump tariff threat pushes oil to five-month low
[ad_1] [HOUSTON] Brent and US crude futures fell more than US$2 a barrel, or more than 3 per cent, on Friday (Oct 10) as US President Donald Trump’s threat to...
Digital euro could drain up to 700 billion euros of deposits in bank run, ECB says
[ad_1] The ECB has presented the digital currency as an alternative to US-dominated means of payment[FRANKFURT] A digital euro could drain up to 700 billion euros (S$1.1 billion) in deposits...
Singapore shares close lower in tandem with Wall Street retreat; STI slides 0.3%
[ad_1] Across the broader market in the city-state, decliners beat gainers 371 to 250 as 1.8 billion securities valued at S$1.4 billion are traded[SINGAPORE] Singapore shares closed lower on Friday...
Siemens Energy bets on ammonia, fuel flexibility to future-proof Asia’s power systems
[ad_1] The energy technology provider sets 2030 target for 100% hydrogen and ammonia-capable turbines [FINSPANG, Sweden] Fuel flexibility, especially the ability to burn clean fuels such as hydrogen and ammonia...
AI jobs shock is coming and firms aren’t ready: Klarna CEO
[ad_1] The CEO sees the AI boom spelling the end to what he calls “excess profits” in both the banking and software industries[LONDON] From technology firms to translators, the world...
GIC, Carlyle-backed chemicals firm Nouryon shelves US$5.8 billion loan amid investor unease
[ad_1] Moody’s cuts Nouryon’s Q4 estimates amid macro uncertainty and weak demand in construction markets[AMSTERDAM] Speciality chemicals producer Nouryon has withdrawn a dual-currency leveraged loan deal worth around US$5.8 billion...
Hong Kongers rush to sell family jewels as gold glitters
[ad_1] Gold, traditionally seen as a store of value during times of instability, is one of the best-performing assets of 2025[HONG KONG] Hong Kong residents rushed to sell everything from...
China ramps up rare earth restrictions, in move to beef up position for US trade talks
[ad_1] Both countries have traded tit-for-tat moves since Trump announced tariffs in April[BEIJING] China has tightened its grip on rare earths, extending export controls beyond its borders for the first...
