Stocks tumble as stretched valuation fears grip markets
The warnings come as a surge in enthusiasm for generative AI has swept across stock markets worldwide this year, drawing comparisons to the dot-com bubble Asian stocks dived on Wednesday…
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China’s US$470 billion oil and gas splurge is just the start
The Asian nation still consumes far more than it produces, and that is unlikely to change any time soon Some 20 kilometres out from the port of Tianjin, in the jade waters of the Bohai…
Gold edges up on bargain-hunting as market awaits US jobs data
Bullion hit a record high of US$4,381.21 on Oct 20, but has fallen close to 10% since then. Gold prices edged higher on Wednesday (Nov 5) as bargain hunters stepped in after bullion…
Yangzijiang Shipbuilding falls 2.9% after BlackRock sells 37.8 million shares
Shares of Yangzijiang Shipbuilding fell as much as 5 per cent on Wednesday (Nov 5) after asset manager BlackRock ceased to be a substantial shareholder. BlackRock sold about 37.8 million…
UPS cargo plane crashes in Kentucky, leaving at least 3 killed, 11 injured
UPS said on Tuesday one of its wide-body cargo planes with three crew members on board crashed in Louisville, Kentucky, and video from local television channels showed the aircraft…
Tesla’s UK car sales halve in October, New Automotive data shows
TESLA’S UK car sales halved year-over-year in October, data from research group New AutoMotive showed on Wednesday, echoing the steep falls the US electric vehicle maker saw in other…
Parkway Life Reit Q3 DPU up 2.3% at S$0.1156
Parkway Life Reit has raised its third-quarter distribution per unit (DPU) by 2.3 per cent to S$0.1156 from S$0.113 in the previous corresponding period. Distributable income stood at…
Bitcoin falls below US$100,000 as risk-off mood weighs on crypto
Bitcoin has wiped out its summer rally, giving back gains made during Wall Street’s euphoric embrace and a surge in institutional buying. The original cryptocurrency fell as much as 7.4…
Singapore not aiming for Singdollar to be reserve currency: MAS’ Chia Der Jiun
It has safe‑haven appeal and other attributes of a reserve currency, but lacks scale, analysts say The Monetary Authority of Singapore (MAS) does not seek for the Singapore dollar to…
IBM to cut thousands of jobs in fourth quarter amid software focus
IBM will cut roles this quarter, the company said on Tuesday (Nov 4), potentially impacting thousands of employees while it shifts focus towards its high-margin software segment, as Wall…
US: Wall Street tumbles after big banks flag pullback risk
Wall Street’s main indexes tumbled on Tuesday (Nov 4) as investors questioned lofty tech valuations after the CEOs of top Wall Street banks warned of a stock market selloff, while AI…
Harley-Davidson tops revenue estimates on demand for custom touring models
Harley-Davidson topped third-quarter revenue estimates on Tuesday (Nov 4) on robust demand for its high-margin custom touring models, which offset the cost of tariffs and a challenging…
Goldman, Morgan Stanley CEOs warn of pullback in global equity markets
Fears of a market bubble come as the benchmark S&P 500 continues its meteoric climb CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday (Nov 4) cautioned that…
SIA Engineering net profit up 13.5% to S$40.4 million for Q2 of FY2026
SIA Engineering had a 13.5 per cent improvement in net profit to S$40.4 million for the quarter ended September, as the increase in revenue outpaced that in expenditure, and contributions…
Majority of households owning 2 or more cars in Singapore do not stay in HDB flats
Most households in Singapore that own more than one car are those residing in non-Housing & Development Board (HDB) properties, said Acting Transport Minister Jeffrey Siow in a written…
Is Elon Musk worth $1 trillion? Shareholders get to decide
Tesla shareholders have just days left to vote on whether to approve a staggering pay package for chief executive Elon Musk that could award him nearly $1 trillion in shares. Musk could…
India freezes over 75 billion rupees in assets tied to Anil Ambani in bank fraud probe
India’s top financial crimes agency said it had seized properties worth over US$846 million from firms linked to beleaguered tycoon Anil Ambani as part of a bank fraud probe. Anil, the…
Asian markets end Tuesday in the red; STI down 0.5%
The three local banks end mixed while CapitaLand Integrated Commercial Trust was the most traded counter on the index Local shares ended Tuesday (Nov 4) lower, tracking a broader decline…
Global financiers warn on US insurance risks, Trump immigration crackdown
The world’s top bankers and investors warned of headwinds ranging from systemic risks in the US insurance sector to President Donald Trump’s immigration crackdown, underscoring an array of…
Norway wealth fund to vote against Musk US$1 trillion Tesla pay package
Investors in the electric-vehicle maker will decide on Nov 6 whether to approve the package Norway’s sovereign wealth fund, the world’s largest, said on Tuesday (Nov 4) it would vote…
Australia shares hit lowest in over a month as RBA holds rates, signals caution
Australian shares finished at their lowest in more than a month on Tuesday (Nov 4) after the central bank left its key rate unchanged as expected and signalled a cautious stance on further…
After China’s long retail downturn, CEOs see consumer spending coming back
Several North American and European companies have posted positive results in the Asian nation in recent weeks Top executives at Western brands that do business in China are showing…
SK Hynix’s 240% rally prompts Korea Exchange to warn investors
The exchange caution is a pre-warning before a higher-level alert is triggered, which would limit margin trading A 240 per cent rally in SK Hynix’s shares this year has sparked an unusual…
Asia: Markets swing as trades eye tech rally, US rate outlook
ASIAN markets fluctuated on Tuesday as investors assessed the latest tech rally on Wall Street amid worries a bubble is forming in the sector, while mixed signals from Federal Reserve…