Surging US repo activity likely exacerbating funding pressure
A SHARP steady rise in overnight repurchase agreements is overwhelming banks that serve as middlemen for such short-term borrowings in US government securities, threatening to fuel major…
Section
Fashion
Bain sought US$10 billion valuation for Japan's Kioxia, investors only wanted to pay half
Investors pushed Bain Capital to almost halve the valuation it was seeking for Japan’s Kioxia in an IPO, leading the US buyout firm to scrap its plans for an October listing of the memory…
Hurricane Milton Wreaks Havoc: At Least 11 Dead as Storm Triggers 27 Tornadoes Leaving 3 Million Without Power
Hurricane Milton has triggered at least 27 tornadoes to tear through the state, resulting in at least 11 deaths and leaving millions without power. Treacherous conditions have created…
Japan to suspend Nomura from bond group after manipulation
JAPAN’S Ministry of Finance plans to temporarily exclude Nomura Holdings from taking part in government debt auctions after the firm admitted to manipulating the bond futures market,…
Multimillionaire's Wife with No Flying Experience Miraculously Lands Plane After He Suffers Heart Attack Mid-Air
In a shocking incident, a 69-year-old woman successfully landed a small plane after her husband, the pilot, suffered a fatal heart attack mid-air. The dramatic event unfolded when Yvonne…
Quds Force Commander Qaani Hospitalized After Heart Attack Amid Shocking Espionage Accusations
Esmail Qaani, commander of Iran's elite Quds Force, is reportedly under investigation for suspicions that a high-ranking official in his team may have leaked sensitive information to…
Asia: Markets mixed after Wall Street drop, Shanghai dips before briefing
MOST Asian markets were mixed on Friday (Oct 11) as investors digested disappointing US inflation data that further dampened expectations for another bumper interest rate cut next month.…
Luxury goods unlikely to be next target of China’s EU trade retaliation: analysts
EUROPEAN luxury shares have slid on investor concerns that Hermes handbags and Dior slingbacks may be Beijing’s next targets for retaliation, following the EU’s decision to slap tariffs on…
ByteDance cuts over 700 jobs in Malaysia in shift towards AI moderation: sources
CHINA’S ByteDance, the parent of social media platform TikTok, has laid off more than 700 workers from its Malaysian unit as the company shifts focus towards greater use of artificial…
Gold drifts higher after data supports US rate-cut bets
GOLD prices edged higher on Friday (Oct 11) after recent data supported bets for a US Federal Reserve interest rate cut next month, while market participants focussed on the US Producer…
Economists expect MAS to hold currency band steady amid sticky prices
SINGAPORE is set to buck the global easing trend and keep its policy bearings on hold as officials use the strength of the currency to tackle still-exorbitant living costs. The Monetary…
Tesla’s Musk to unveil robotaxis amid fanfare and scepticism
TESLA is set to unveil its long-promised robotaxi in Hollywood late on Thursday (Oct 10) and update investors on artificial intelligence (AI) projects, efforts CEO Elon Musk has bet will…
Tesla CEO Musk unveils two-door robotaxi, seen as key to long-term growth
TESLA CEO Elon Musk showcased a long-promised robotaxi with two gull-wing doors and without a steering wheel or pedals at a much-hyped event on Thursday (Oct 10), paving the path for what…
Stocks to watch: Top Glove, FLCT
THE following companies saw new developments that may affect trading of their securities on Friday (Oct 11): Top Glove: The glove manufacturer on Thursday reported significantly narrower…
Stripe says stablecoins payments made in more than 70 countries after relaunch
STRIPE said individuals from more than 70 countries have used stablecoins for online transactions during the first 24 hours after allowing merchants using its platform to accept crypto…
AMD sees next AI chip in mass production later this year
ADVANCED Micro Devices (AMD) said on Thursday (Oct 10) it plans to start mass production of a new version of its artificial intelligence (AI) chip called the MI325X in the fourth quarter…
Oil prices jump 4% on US storm and Israel-Iran fears
OIL prices jumped about 4 per cent on Thursday (Oct 10) on a spike in US fuel use before Hurricane Milton barrelled across Florida, Middle East supply risks and signs that demand for…
US: Stocks edge lower on mixed inflation report
WALL Street stocks dipped on Thursday (Oct 10), retreating from records following mixed economic data that clouds expectations about upcoming US monetary policy decisions. US consumer…
How boards can tackle emerging risks
THE board plays a critical role in overseeing an organisation’s risk strategy. Among these, cyber and ESG (environmental, social and governance) risks represent two of the most prevalent…
Hamas Leader Khaled Mashaal Blames Iran for Assassination of Hamas Leader Ismail Haniyeh in Tehran
Khaled Mashaal, a senior figure within Hamas, has made serious claims, alleging Iran's involvement in the death of Hamas leader Ismail Haniyeh. Haniyeh, 62, was killed in Tehran on July 31…
Garth Brooks in Hot Water for Leaking Accuser's Identity and Sending Explicit Texts in Sexual Assault Lawsuit
Country singer Garth Brooks, 62, is facing serious allegations of sexual assault and battery. The accusations come from a former makeup artist, identified as Jane Roe, who worked with him…
Who Is Nasir Ahmad Tawhedi? Afghan Man Who Worked for CIA Arrested for Plotting ISIS-Inspired Attack on US Election Day
An Afghan national, accused of planning an ISIS-inspired terrorist attack targeting U.S. democracy on Election Day, reportedly worked for the CIA in Afghanistan, according to a recent…
Ex-UBS chief Ralph Hamers expects AI to spur next evolution in finance
The banking veteran takes on senior adviser role at digital wealth manager Arta Finance THE wealth management industry is on the cusp of change – and banking veteran Ralph Hamers expects…
Who Was Justin Bingham? Tech Company CEO Dies after Tragic 200-Foot Fall While Climbing at Zion National Park in Utah
The CEO of a Utah-based software company tragically died over the weekend after falling 200 feet while climbing in Zion National Park in Springdale, Utah, officials said. Justin Bingham,…