Culture
China opens digital yuan hub in Shanghai to boost global use
[ad_1] The hub will support digital finance trade, investment, innovation, and strengthen the country’s overseas financial links[SHANGHAI] China’s central bank has opened a digital yuan operations centre in Shanghai featuring...
Starbucks to close stores, cut 900 jobs in US$1 billion restructuring
[ad_1] The company says its overall store count will drop by 1% during the 2025 fiscal year[SEATTLE] Starbucks said it will close stores and eliminate 900 jobs in a US$1...
Swiss National Bank keeps interest rate at zero, warns of tariff impact
[ad_1] [ZURICH] The Swiss National Bank (SNB) held its key interest rate at zero on Thursday (Sep 25), the lowest among major central banks, as it warned that US President...
China central bank unveils steps to boost yuan bond market in Hong Kong
[ad_1] [SHANGHAI] China’s central bank will roll out further measures to support the development of Chinese yuan bonds in Hong Kong and accelerate global use of its currency, a senior...
Asia: Markets slide as traders prepare for key US data
[ad_1] STOCKS moved narrowly on Thursday as traders continue to pull back from the buying that has propelled markets to record highs in recent months, with upcoming US inflation and...
Gold holds steady as investors await key US economic data
[ad_1] GOLD prices held steady on Thursday as investors awaited key US economic data for further insights into Federal Reserve policy, with a slightly weaker dollar lending some support to...
Thakral may receive up to £8.1 million in proceeds from potential sale of stake in UK company
[ad_1] The Beauty Tech Group, in which Thakral holds a 9.6% stake, is set to list on the London Stock Exchange in October [SINGAPORE] Thakral on Thursday (Sep 25) announced...
Singtel summoned by Australia as penalty from fatal outage looms
[ad_1] AUSTRALIAN Communications Minister Anika Wells summoned Singapore Telecommunications to a meeting following a fatal outage at its Optus division, warning the blunder was likely to lead to major financial...
Intel seeking investment from Apple as part of its comeback bid
[ad_1] INTEL has approached Apple about securing an investment in the ailing chipmaker, according to people familiar with the matter, part of efforts to bolster a business that’s now partially...
MAS’ S$5 billion injection is strategic, sustainable solution to perk up equities market, say fund managers
[ad_1] Equity Market Development Programme is designed as a durable one, and will adapt as market conditions evolve, they add[SINGAPORE] The Monetary Authority of Singapore’s (MAS) S$5-billion Equity Market Development...
