China expands onshore repo access in push to boost yuan assets
Authorities have been stepping up efforts to promote the country’s debt and currency markets China is expanding access to its bond repurchase market, a move that may encourage global…
Section
Fashion
Oracle’s role as protector of TikTok data panned as rehash of earlier plan
Data security is at the very heart of the US law that threatens to ban the popular video app US President Donald Trump’s plan to save TikTok for Americans casts Oracle as the security…
Electronic Arts nears takeover by Silver Lake, PIF
Video-game maker Electronic Arts, is in talks to be taken private by a consortium led by Silver Lake Management, Saudi Arabia’s Public Investment Fund (PIF) and Jared Kushner’s Affinity…
Oil gains on Ukraine drone attacks cutting Russian supply
Oil prices rose on Friday (Sep 26) as Ukraine’s drone attacks on Russia’s energy infrastructure cut the country’s fuel exports. Brent futures settled at US$70.13 a barrel, up 71 US cents,…
Europe: Shares recover from three-week lows, but weekly momentum fizzles
Traders now expect about 39 basis points of cuts by December, a slight pullback from earlier bets of over 40 bps, according to LSEG data European stocks clawed their way back from…
Lufthansa to cut thousands of jobs in pursuit of efficiency
The airline group intends to reduce its administrative staff by 20% in the coming years Lufthansa is expected to announce several thousand job cuts on Monday (Sep 29) at the airline’s…
Miniso to spin off Top Toy, list it in Hong Kong
The spinoff and subsequent listing would increase Top Toy’s operational and financial transparency Miniso said on Friday (Sep 26) it will spinoff its brand Top Toy and list it in Hong…
US: Wall Street opens higher after inflation data calms rate-cut jitters
Wall Street’s main indexes opened higher on Friday (Sep 26), after the latest inflation data came in line with expectations, easing concerns that persistent price pressures could delay…
Wilmar maintains profit expectations; CEO scoops up S$2.7 million of shares as stock falls
Despite a verdict from the Indonesian Supreme Court requiring Wilmar International to pay five billion rupiah (S$387,047) worth of fines and a compensation of 11.9 trillion rupiah on…
Sasseur Reit manager’s CFO Xie Jianfeng resigns
The manager of Sasseur Reit said on Friday (Sep 26) that its chief financial officer (CFO), Xie Jianfeng, has resigned. Xie had been CFO since Dec 1, 2021. The 46-year-old will pursue…
CapitaLand China Trust’s manager appoints Yan Lintong as CFO-designate
The 42-year-old will work with current chief financial officer Tan Siew Bee for a smooth transition ‘in the next few months’ The manager of CapitaLand China Trust (CLCT) has appointed Yan…
Indonesia central bank to use all available instruments 'boldly' to stabilise rupiah
The central bank is certain that currency stabilisation efforts will guide the rupiah to reflect fundamental value Indonesia’s central bank is committed to maintaining rupiah stability by…
Singapore shares fall on Friday, in line with regional declines; STI slips 0.2%
Across the broader market, decliners exceed advancers 359 to 216, as 1.4 billion securities worth S$1.4 billion change hands The Straits Times Index (STI) fell 0.2 per cent or 7.88 points…
What does 11.9 trillion rupiah in cash look like? For Wilmar, it could spell trouble
Loss of the ‘security deposit’ in relation to an Indonesian probe could account for a 65% drop in FY2025 earnings, according to DBS and RHB estimates It was an astounding sight, when…
‘Finally’: Citi investment strategist lauds SGX initiatives, says ‘no reason’ Hong Kong should dominate Asian equity markets
It is great that Singapore is “finally” doing something about its equity markets, said Ken Peng, head of Asia investment strategy at Citi Wealth. “There’s no reason why Hong Kong should…
We. Communications cuts some of its Singapore workforce
The firm has also suspended salary reviews and bonuses for all levels until June 2026 Public relations company We. Communications recently laid off a significant number of staff in its…
Financial health of young Indonesians worsens in 2025 as savings decline: OCBC survey
The OCBC Financial Fitness Index for Indonesia falls for the first time in four years The financial health of Indonesia’s younger generation fell in 2025 amid a decline in savings, a…
Asia: Markets drop as US data, new tariff threats dent sentiment
MARKETS retreated on Friday as nagging uncertainty about the US interest rate outlook was compounded by data showing the world’s biggest economy faring much better than expected and fresh…
Income funds with higher yields as lower rates weigh on investors: Morningstar
Investors seeking steady income streams are reassessing their options as yields on Singapore Treasury bills (T-bills) plummet this year, and the prospect of US interest rate cuts clouds…
Baidu eyes Australia, South-east Asia for next robotaxi expansion
BAIDU is exploring new markets including Australia for its robotaxis as its expanding fleet hits operational profitability targets in several cities across China. Apollo Go, part of the…
F&N Malaysia unit to sell 50% stake in property development JV for about RM180 million
The sale of its interest in the joint venture with Frasers Property is expected to result in a one-off gain of about RM83.2 million Fraser and Neave Holdings Berhad (FNHB) announced on…
Dallas Fed President says central bank should consider replacing its benchmark rate
LORIE Logan, president of the Federal Reserve Bank of Dallas, has proposed replacing the central bank’s benchmark federal funds rate - the primary tool the central bank has used to steer…
EU plans tariffs of 25 to 50% on Chinese steel and related products, Handelsblatt reports
The European Commission plans to impose tariffs of 25 to 50 per cent on Chinese steel and related products in the next few weeks, German business daily Handelsblatt reported citing senior…
Amazon’s AWS CEO chides staff for slow product rollouts
Amazon Web Services’ top executive admonished staff on Thursday for what he called slow product rollouts by the cloud computing provider at its premier Reinvent customer event in December,…