US: Wall Street hits all-time highs, Fed decision on tap
WalL Street’s main stock indexes hit record highs in the run-up to an interest-rate decision from the Federal Reserve on Thursday (Nov 7), extending a sharp rally sparked by Donald Trump’s…
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Mysterious black debris in Sydney was not tar balls but 'much more disgusting' waste
Weeks after sticky black balls washed up on the famed beaches of Sydney, Australia, scientists say they have partly solved the mystery behind the “disgusting” blobs. Initially thought to…
South Africa closes its border again with Mozambique, where post-election violence worsens
JOHANNESBURG (AP) — South Africa closed its border with Mozambique shortly after opening it on Thursday as post-election violence in the neighboring country escalated, leading to clashes…
Trump win casts fresh doubts over Wall Street’s China strategy
MORE US financial firms may pull back from China, hive off local units to minimise risks or pause expansion plans on concerns about geopolitical tensions in a Donald Trump presidency,…
Yangzijiang Shipbuilding bags US$11.6 billion worth of order wins in year to date
MARITIME vessel maker Yangzijiang Shipbuilding said that it has secured US$11.6 billion of order wins in the year to date. This exceeds its target of US$4.5 billion for the 2024 financial…
Watch industry failing to make models women want: survey
THE watch industry is not producing and marketing enough models that women want to wear, a survey has found. Women are increasingly shunning timepieces that target their gender, yet too…
Uproar in Ghana after president unveils his own statue
Ghana's outgoing President Nana Akufo-Addo is facing a backlash on social media after he unveiled a statue of himself during a tour of the country’s Western Region. The monument is…
Going above and beyond: Marina Bay Sands on billion-dollar push to court high-value tourists
FROM Dubai to Macau and across many parts of Asia and Europe, there have been significant investments worth billions of dollars in the luxury segment amid the ongoing battle to court the…
Audi plans thousands of job cuts outside production
GERMAN automaker Audi is looking to shrink its workforce in the medium term by cutting jobs outside of production, with thousands of positions at risk, the Manager Magazin reported on…
China expands its EV charging network as sales surge
China had a total of 11.43 million electric vehicle (EV) charging points installed across the country as of the end of September 2024, according to the latest data released by the…
Indonesian court affirms 1.7 trillion rupiah civil claim against Keppel unit is inadmissible
The DKI Jakarta Province High Court has also ordered the claimant to pay court costs AN INDONESIAN High Court has affirmed an earlier court decision that a claimant’s 1.7 trillion rupiah…
S-Reits tumble on Trump’s election triumph
Concerns over rising US government debt and inflation have driven up Treasury yields SINGAPORE-LISTED real estate investment trusts or S-Reits fell to the bottom of the Singapore Exchange…
Spain seizes 13 tonnes of cocaine hidden behind bananas on a container from Ecuador
MADRID (AP) — Authorities in Spain seized 13 tonnes (13,000 kilograms) of cocaine in a cargo container apparently filled with bananas, in what they called the biggest anti-narcotics…
Genting Singapore Q3 profit dives 63% to S$79.4 million
INTEGRATED resort operator Genting Singapore on Thursday (Nov 7) posted net profit after tax of S$79.4 million for the third quarter ended Sep 30, sliding 63 per cent from S$216.3 million…
Air France-KLM warns of higher annual costs after Q3 profit miss
AIR France-KLM reported a bigger-than-expected drop in its quarterly operating result on Thursday (Nov 7), impacted by the Paris Olympic Games and higher unit costs. The French-Dutch…
Delivery Hero sees 2024 earnings at low end of previous forecast
DELIVERY Hero tempered profit expectations for the year, a sign of strain in the company’s strategic overhaul in the competitive food delivery market. The German firm reported…
China tells banks to cut interbank deposit rates to boost growth
CHINESE regulators told the nation’s banks to lower rates they paid to deposits from other financial institutions to free up funds to boost the economy, according to sources familiar with…
Snow back on Mount Fuji after longest absence
Japan's Mount Fuji has seen its first snowfall after going through the longest period without snow since records began 130 years ago. Snow fell on Japan's highest peak about a month later…
Boeing, Airbus to share Taiwan’s China Airlines passenger jet order: sources
TAIWAN’S China Airlines is nearing a decision to split a multi-billion US dollar order for long-distance passenger jets between Airbus and Boeing, while an order for freighters hangs in…
Latest Singapore 6-month T-bill cut-off yield rises to 3.04% after Trump’s win
THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) rose to 3.04 per cent, auction results released by the Monetary Authority of Singapore on Thursday (Nov 7) showed.…
Quick takes: What Trump’s win means for Asia markets, currencies and interest rates
MANY parts of global markets rallied massively as Donald Trump decisively won the US election on Wednesday (Nov 6). US stocks soared, the dollar strengthened against many major currencies,…
Bulgari CEO sees China luxury market recovering in next two years
CHINA’S luxury market may recover in the next 24 months as the country’s economy bounces back, Bulgari chief executive officer Jean-Christophe Babin said. The LVMH-owned jeweller has seen…
Singapore shares open higher on Thursday; STI up 0.6%
SINGAPORE shares began Thursday (Nov 7) trading in positive territory as markets abroad saw mixed results. As at 9.01 am, the Straits Times Index (STI) was up 0.6 per cent or 20.74 points…
Bank of England to cut rates in decision that will be overshadowed by budget, Trump
THE Bank of England (BOE) is likely to lower interest rates for only the second time this year in a decision that will be overshadowed by the fallout from the UK budget and Donald Trump’s…