Asia: Markets rally as Fed cut hopes Trump trade war fears
STOCKS jumped on Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the bank would cut interest rates again this month. After…
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Chinese airlines oppose Trump plan to stop flying over Russia on US routes
USA-CHINA/AIRLINES (UPDATE 2):UPDATE 2-Chinese airlines oppose Trump plan to stop flying over Russia on US routes Major Chinese airlines on Tuesday (Oct 14) urged the Trump administration…
Global EV sales hit record 2.1 million in September: research firm
GLOBAL sales of fully electric and plug-in hybrid vehicles rose 26 per cent in September from a year ago to a record 2.1 million units, driven by strong demand in China and a late US…
The key health bills California Gov. Newsom signed this week focused on how technology is impacting kids
New laws signed by Gov. Gavin Newsom aim to make the artificial intelligence and social media landscape in California safer, especially for minors. Senate Bill 243, sponsored by state Sen.…
Stocks to watch: Seatrium, Centurion, Stoneweg Europe Stapled Trust, Ever Glory
The following companies saw new developments that may affect trading of their securities on Wednesday (Oct 15): Seatrium: The offshore and marine company will continue pursuing green…
China flexes superpower status using rare earths in global supply chain grab
China’s sweeping new restrictions on rare earth exports mark its first major effort to police the global flow of critical minerals it dominates, using the same playbook that allows the US…
Europe: Trade jitters drag shares lower; France stays in focus
EUROPEAN stocks slipped on Tuesday, weighed down by fresh jitters over US-China trade tensions and a sharp drop in Michelin shares, while investors eyed France where the prime minister…
Who Is Nakia Thompson? Indicted NY Attorney General Letitia James Has Given Shelter to Fugitive Grandniece at Her Virginia Home
New York State Attorney General Letitia James — who has been indicted — has allegedly been sheltering a "fugitive" relative at her home in Virginia for the past five years, according to…
Spotify video podcasts are coming to Netflix
Spotify video podcasts are coming to Netflix, further diversifying the types of content on the Los Gatos, Calif.-based streaming service beyond movies, TV shows and games. The move…
Salesforce to invest $15 billion in San Francisco to advance AI
Software giant Salesforce is planning to invest $15 billion in San Francisco over the next five years to strengthen the city’s dominance in artificial intelligence. “This $15 billion…
Goldman Sachs plans more job cuts to boost savings, leverage AI push
Goldman Sachs Group told staffers to expect an additional round of job cuts this year as the bank seeks further savings across its businesses and takes advantage of the opportunities…
AMD says Oracle is pledging widespread use of new AI chips
Advanced Micro Devices (AMD), Nvidia’s nearest rival in artificial intelligence (AI) processors, said Oracle will deploy a large batch of its forthcoming MI450 chips next year. Oracle said…
Catalist-listed Ever Glory United proposes transfer to SGX mainboard
This is in line with its long-term strategy, says the engineering services provider Engineering services provider Ever Glory United Holdings is looking to transfer its listing to the…
Walmart partners with OpenAI to offer shopping on ChatGPT
The firms are jointly creating a certification programme to train employees on effectively using AI at work Walmart is teaming up with OpenAI to enable shoppers to browse and purchase its…
IMF warns of dim outlook for world economy hit by rolling shocks
The global economy is expected to grow by 3.2% this year, up from 3% predicted in July The International Monetary Fund warned that the global economy is showing signs of strains from…
Swiss court says 16.5 billion Swiss francs bond write-off in Credit Suisse rescue was unlawful
A Swiss court on Tuesday (Oct 14) said the Swiss financial market regulator’s 2023 decision to write off 16.5 billion Swiss francs (S$26.7 billion) worth of Credit Suisse bonds was…
Goldman Sachs profit jumps as bankers cash in on big deals
Goldman Sachs’ quarterly profit jumped more than 37 per cent on Tuesday (Oct 14) as its investment bankers earned higher advisory fees and rallying markets boosted revenue from managing…
Seatrium stays bullish on green bets despite axing of US$475 million wind project
The offshore and marine player is also exploring ‘moonshot’ projects such as a floating nuclear platform Even in the face of a US$475 million contract termination for a wind vessel,…
California cracks down on water theft but spares data centers from disclosing how much they use
Gov. Gavin Newsom has vetoed legislation that would have required data centers to report how much water they use. New data centers have been rapidly proliferating in California and other…
China bans Nexperia exports after Dutch government takeover sparks retaliation
Beijing’s retaliation shows rising China-Europe tensions ahead of high-stakes trade talks with the US Nexperia says it has been banned from exporting products it makes in China as Beijing…
Floating wind farms, ammonia and carbon capture: Seatrium bets on green opportunities
The offshore and marine player is also exploring ‘moonshot’ projects such as a floating nuclear platform Even as US politics roils the clean energy industry, Seatrium sees fresh growth…
UK jobs market slowdown shows signs of easing before budget
Wage growth in the private sector slowed to 4.4% in the three months through August The UK labour market showed further signs of stabilisation in data released on Tuesday (Oct 14), with…
China threatens more retaliation after sanctioning US entities of one of South Korea’s biggest shipbuilders
The moves are a marked escalation in a long-standing dispute between the world’s two largest economies over maritime dominance China has threatened further retaliatory measures against US…
ASL Marine soars up to 9.3% on share placement; Yangzijiang Shipbuilding falls as much as 3.7% on port fees
Shares of ASL Marine surged as much as 9.3 per cent on Tuesday (Oct 14), while those of Yangzijiang Shipbuilding tumbled up to 3.7 per cent as investors took contrasting views of their…