Gold gains with traders awaiting US data for fresh Fed cues
Traders now see nearly a 33% chance for a rate cut at the Fed’s Dec 9 to 10 meeting Gold prices edged higher on Thursday (Nov 20), as investors looked forward to the release of the delayed…
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China leaves benchmark lending rates unchanged for the sixth straight month
October economic data, including a contraction in exports and a further slowdown in retail sales, point to a tougher fourth quarter, analysts say China left benchmark lending rates…
China investment bank CICC to acquire two smaller rivals
Beijing is trying to cultivate first-class domestic investment banks capable of standing up to global heavyweights China International Capital Corporation (CICC) plans to acquire two…
Australia banking regulator warns on elevated risks from abroad
APRA and other regulatory agencies are attempting to strengthen the system with further work dedicated to geopolitical risk Risks to Australia’s financial system from overseas are…
Asia’s currency-defence war chest has swelled to US$8 trillion
The major central banks in the region have added more than US$400 billion to their reserves this year Asia’s foreign-exchange (FX) reserves have surged to almost US$8 trillion, providing…
Geely-linked car electronics maker eager to shed Chinese roots
Ecarx is in advanced discussions to combine with another Nasdaq-listed automotive-sensor company Ecarx Holdings, the Nasdaq-listed automotive electronics firm controlled by the founder of…
Crypto exchange Kraken confidentially files for US IPO
Analysts expect crypto companies to try and go public before the midterm elections next year Kraken, one of the world’s largest cryptocurrency exchanges, said on Wednesday (Nov 19) that it…
Warner Music Group and AI startup Udio reach agreement in fight over copyrighted music
Warner Music Group on Wednesday said it reached an agreement with artificial intelligence startup Udio, ending a legal battle over concerns that copyrighted music was being used to train…
SGX to reduce board lot size for securities above S$10
Those investors who have been toying with the idea of adding blue-chip stocks to their portfolio but have been put off by their prices may now be able to get a piece of the action. The…
Keppel Reit trustee prices S$100 million perpetual securities at 3.28%
The trustee of Keppel Real Estate Investment Trust (Keppel Reit), HSBC Institutional Trust Services (Singapore), on Wednesday (Nov 19) priced its offering of S$100 million worth of…
US: Wall Street opens higher as Nvidia test looms
Wall Street’s main indexes opened slightly higher on Wednesday (Nov 19) following sharp losses earlier in the week, as investors set their eyes on Nvidia’s earnings which could prove to be…
Norinchukin ekes out small profit, flags risks in private credit market
The bank reported a net profit of 26 billion yen (S$217.3 million) for the months of July to September Japan’s Norinchukin Bank, hit hard by mammoth losses last year, logged a small profit…
Nvidia’s switch to smartphone-style memory ‘to double server-memory prices by end-2026’
Tech-focused research firm says the change will spike the demand for chips that the industry can’t handle Nvidia’s move to use smartphone-style memory chips in its artificial intelligence…
CSE Global’s Q3 revenue swells 20.5% but order book shrinks
Its order intake is weighed down by a lack of major projects and unrepeated orders from the same year-ago period Systems integrator CSE Global posted a 20.5 per cent rise in revenue for…
Nations must exercise ‘agency’ to develop AI capabilities: Josephine Teo
It is within the capacity of countries to shape the conditions to build an AI-ready society, for instance through the education system Nations need to exercise their agency when developing…
Stamford Tyres puts commercial property at 455 MacPherson Road up for sale at S$12.5 million
With a land area of 10,236 square feet, the location currently houses one of the company’s tyre retail outlets Tyre and wheel distributor Stamford Tyres (Stamford) has put its commercial…
Xiaomi rides fan base to EV profitability faster than Tesla
China’s mature EV supply chain helps Xiaomi to reach scale without needing heavy capital Xiaomi parlayed its popularity with an existing customer base to rake in orders for its push into…
Hyundai to continue investing in US after immigration raid, says CEO
This is even after its workers were detained in an immigration raid at a plant it had a stake in Automotive giant Hyundai’s plan to invest US$26 billion into the United States will…
Hyundai’s US$26 billion investment plan in the US to continue despite immigration raid, says CEO
Automotive giant Hyundai’s plan to invest US$26 billion in the US between 2025 to 2028 will continue as planned. This is even after its workers were detained in an immigration raid at a…
Air India lobbies to use airspace over China’s Xinjiang as financial woes mount
The airline has been seeking to rebuild its reputation and international network after a London-bound Boeing 787 Dreamliner crashed in Gujarat in June Air India is lobbying the Indian…
KKR opens Abu Dhabi office in deepening foray into Middle East
KKR is opening an office in Abu Dhabi’s financial centre, part of the alternative investment firm’s efforts to bolster its presence in the emirate as it increasingly becomes a magnet for…
Asia: Markets bounce as Nvidia takes centre stage amid AI bubble fears
ASIAN investors battled on Wednesday to kickstart a recovery in equities following the latest stagger across world markets that has been caused by worries over an AI-fuelled bubble and…
UltraGreen.ai aims to raise US$400 million in Singapore IPO, term sheet shows
UltraGreen.ai, a medical imaging and fluorescence-guided surgery company, is aiming to raise about US$400 million in a Singapore initial public offering (IPO) at US$1.45 per share,…
Netgear accused by rival of China smear to fan security fear
The suit comes as TP-Link faces growing scrutiny in Washington over national-security issues California-based TP-Link Systems says it may take a sales hit of more than US$1 billion because…