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BRITAIN’S biggest steelworks will end production later on Monday (Sep 30), when the final blast furnace at Port Talbot in Wales will close after more than 100 years of steelmaking, at a…
THE Chinese central bank said on Monday (Sep 30) that it had bought 200 billion yuan (S$36.5 billion) of the country’s government bonds in open-market operations in September. China’s…
SAN FRANCISCO — Backstage at one of the largest artificial intelligence conferences in the world, Gov. Gavin Newsom listened to two leaders in the field debate opposite views of a…
SHARES of Aston Martin Lagonda Global plunged after the luxury sports-car maker lowered its guidance for the year, blaming supply chain disruption and weak demand in China. The shares…
Those serving new terms hail from diverse backgrounds with experience in different sectors and professional fields THE Housing and Development Board (HDB) has named five new members who…
VOLKSWAGEN’s (VW) second profit warning in three months makes one thing clear: Europe’s biggest automaker is in decline. The German manufacturer on Friday (Sep 27) slashed expectations for…
INDONESIA launched on Monday (Sep 30) a central counterparty clearing house (CCP) for foreign exchange and money market transactions as it aims to deepen the capital markets of South-east…
The last time the counter reached such levels was in January, when it traded above US$7.60 SHARES of Nio rose by 21.9 per cent on Monday (Sep 30) following news that strategic investors…
THAILAND is not limiting the number of virtual bank permits that will be issued, a deputy finance minister said on Monday. Any group that qualifies would be granted a license, minister…
STOCKS plunged more than four per cent in Tokyo on Monday after the yen surged in reaction to Shigeru Ishiba’s election last week as the head of Japan’s ruling party, which boosted…
SINGAPORE’S stagnant initial public offering (IPO) market is relying on a boost next year from real estate investment trusts (Reits). Japan’s Nippon Telegraph & Telephone (NTT) is…
SINGAPORE stocks began Monday (Sep 30) on a muted note, as global equities ended mixed over the weekend. As at 9.01 am, the Straits Times Index (STI) was down 0.02 per cent or 0.73 point…
THE following companies saw new developments that may affect trading of their securities on Monday (Sep 30): Nio Inc: The Chinese electric-vehicle maker’s China unit Nio Holding Co, also…
JAPAN’S incoming prime minister, Shigeru Ishiba, said on Sunday the country’s monetary policy must remain accommodative as a trend, signalling the need to keep borrowing costs low to…
OPPOSITION to Toyota Motor chairman Akio Toyoda has surfaced among some of the Japanese company’s biggest investors, after a series of vehicle safety scandals gave rise to concerns about…
SAN FRANCISCO — Gov. Gavin Newsom on Sunday vetoed SB 1047, an artificial intelligence safety bill that would have established requirements for developers of advanced AI models to create…
CROP trader Olam Group will pay a US$3.3 million fine for delayed reporting of cotton sales to the US Department of Agriculture (USDA) and the Commodity Futures Trading Commission (CFTC),…
Fed’s Sep 18 rate cut has been widely anticipated and local banks have already priced it in for their loan packages MORTGAGE rates in Singapore are likely to fall as the US Federal Reserve…
A PREVIOUSLY gloomy corner of the debt world has become the biggest winning trade in global financial markets, producing returns that few traders have seen in more than a decade. Hybrids,…
Institutions were net sellers of Singapore stocks over the five trading sessions spanning Sep 20 to 26, with S$54 million of net institutional outflow – reducing total net inflows from the…
APPLE has left negotiations to participate in an OpenAI funding round expected to raise about US$6.5 billion, the Wall Street Journal said on Friday (Sep 27). The tech giant recently fell…
THE often-overlooked Canadian high-yield debt market is having a moment, as companies pile in to sell debt and investors look to lock in coupons before central bank monetary policy easing…
THRIVE Capital is investing more than US$1 billion of OpenAI’s current US$6.5 billion fundraising round, and it has a sweetener no other investors are getting: the potential to invest…
BINANCE founder Zhao Changpeng was released from a correctional facility in California on Friday (Sep 27), Bloomberg News reported, citing a spokesperson for the Bureau of Prisons. Former…
