Thai central bank cuts policy rate by 25 bps, as expected
The reduction is the fifth since October 2024, with rates down by a total of 125 basis points Thailand’s central bank cut its key interest rate on Wednesday (Dec 17), as widely expected,…
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Culture
Top Glove Q1 profit surges more than 600% as costs fall
The glove maker reports a drop in operating expenses to RM842.9 million for the quarter Malaysian glove maker Top Glove on Wednesday (Dec 17) reported a 605 per cent jump in net profit for…
Top Hong Kong crypto exchange HashKey makes market debut
Hong Kong’s biggest licenced cryptocurrency exchange began trading on Wednesday (Dec 17) as the city pushes to become a global hub for the technology despite Beijing’s tough stance on it.…
High coffee prices are changing how consumers take their daily brew
The median price of a regular cup of coffee on menus across the US has risen almost 20% since early 2023 Global coffee prices rose to record highs this year, sending the cost of…
Singapore to pilot ‘overhang’ solar power structure, as it nears deployment target
The Republic is more than halfway to its 2 GWp target, equivalent to the annual electricity needs of about 350,000 households Industrial landlord JTC on Wednesday (Dec 17) launched a…
Apollo weighs potential US$12 billion sale of Atlas Air
Apollo Global Management is exploring a potential sale of its aviation company Atlas Air Worldwide Holdings, according to sources familiar with the matter. The US investment firm is in the…
Quadria Capital expands into the Middle East with new Dubai office
Healthcare-focused private equity firm Quadria Capital has expanded into the Middle East with a new Dubai office. This comes on the back of its partial exit from its portfolio company…
Asian markets drift as US jobs data fails to boost rate cut hopes
ASIAN equities fluctuated on Wednesday as mixed US jobs data did little to boost expectations for another interest rate cut next month, while oil rallied after Donald Trump ordered the…
Tada commits S$1 million to put brakes on high-commission ride-hailing models
The initiative aims to reverse falling driver earnings and rising ride-hail prices Ride-hailing platform Tada is challenging rivals such as Grab and Gojek with a new S$1 million pilot…
Bessent sees one or two more Fed chair interviews this week
Trump is slated to interview the central bank governor Chris Waller on Dec 17 for the chair job Treasury Secretary Scott Bessent said there are one or two more interviews this week for the…
Oil jumps as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
Oil prices climbed sharply on Wednesday after US President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela, raising fresh…
Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
US President Donald Trump on Tuesday ordered a blockade of all sanctioned oil tankers entering and leaving Venezuela, a move set to sharply escalate tensions between Washington and…
OUE raises stake in OUE Healthcare to 89.7% with S$20.7 million share purchase
OUE says the transaction is in line with its commitment to the longer-term prospects of OUE Healthcare’s core business OUE has agreed to acquire a 19.3 per cent stake in Catalist-listed…
Singapore inventor wins High Court suit against rivals who passed off similar doors as his design
The Malaysian company by Ng’s former employee Goh Song Guan, manufactures a similar slide-and-swing door known as “SD Door” A Singapore inventor behind a space-saving door system widely…
Border Patrol official who is the face of Trump's crackdown back in Chicago amid immigration raids
Senior Border Patrol official Greg Bovino returned to the Chicago area on Tuesday, about a month after leaving to lead immigration enforcement in other cities, immigration advocates say.…
Robinhood knows you want to bet on everything
Robinhood is betting that its customers want to trade on absolutely everything. On Tuesday, the popular stock-trading app unveiled a slate of updates to its prediction markets business,…
More than 60,000 pounds of cooked chicken recalled over allergen risk
Suzanna’s Kitchen, a Georgia-based food production company, has issued a recall of 62,550 pounds of fully cooked, bone-in breaded chicken products. The chicken, which was distributed…
Warner Bros likely to reject US$108 billion Paramount bid, back Netflix in bidding war: sources
WARNER Bros Discovery’s board could announce a decision as early as Wednesday on Paramount Skydance’s US$108.4 billion takeover bid, with the board likely to advise shareholders to vote…
Federal judge seems unconvinced that White House should stop ballroom construction
Federal Judge Richard J. Leon said Tuesday that he was inclined to deny a request by the National Trust for Preservation for a temporary restraining order to halt construction on the White…
Trump expands travel ban to new countries
President Trump added new countries to his general travel ban on Tuesday and added restrictions to some travel from other nations, saying the country conditions make it too dangerous to…
Former NIH scientist sues Trump administration, claims illegal firing over research cuts
A former leading scientist at the National Institutes of Health sued the Trump administration Tuesday, saying she was illegally fired for warning that abrupt research cuts were endangering…
Grok spews misinformation about deadly Australia shooting
ELON Musk’s AI chatbot Grok churned out misinformation about Australia’s Bondi Beach mass shooting, misidentifying a key figure who saved lives and falsely claiming that a victim staged…
Susie Wiles May Have Screwed Trump’s Revenge Quest on Letitia James
One email reportedly states that at one point, the FBI’s Washington Field Office did “not believe (and has articulated to ), that we have established probable cause for the search warrant…
No probable cause: Biden Justice Department ignored FBI objections to raid on Trump's home
Newly declassified emails reveal the FBI believed it lacked evidence to justify raiding President Trump's Mar-a-Lago residence for classified documents in the summer of 2022. Source link