Yen, euro extend slide against US dollar as politics calls the shots

Yen, euro extend slide against US dollar as politics calls the shots

[LONDON] Political developments drove currency markets again on Tuesday (Oct 7) with the yen falling to a two-month low after Sanae Takaichi’s leadership victory in Japan, while the euro remained fragile following the resignation of France’s prime minister. Takaichi, who is expected to become Japan’s next prime minister, has pledged to boost the Japanese economy…

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Stablecoins could suck US$1 trillion from emerging markets banks in next three years: Standard Chartered

Stablecoins could suck US trillion from emerging markets banks in next three years: Standard Chartered

[LONDON] The boom in US dollar-backed stablecoins, helped by President Donald Trump’s crypto policies, could suck US$1 trillion worth of deposits out of emerging economy banks in the next few years, a report from Standard Chartered estimates. About 99 per cent of all stablecoins are pegged to the US dollar, which economists say effectively makes…

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‘Sunday Ninth’ Trailer: Belgian Alzheimer’s Drama With Josse De Pauw & Peter Van Den Begin Set To Premiere in Tallinn

‘Sunday Ninth’ Trailer: Belgian Alzheimer’s Drama With Josse De Pauw & Peter Van Den Begin Set To Premiere in Tallinn

EXCLUSIVE: Kat Steppe’s drama Sunday Ninth, about brothers who reconnect when one of them develops Alzheimer’s, was announced as a contender in Estonia’s Tallinn Black Nights Film Festival on Tuesday and Deadline can unveil the trailer. It is a first fiction feature for Steppe whose previous credits include the documentary series Food for Thought, Taboo and…

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Singapore shares continue to rally; STI up 1.1%

Singapore shares continue to rally; STI up 1.1%

[SINGAPORE] Singapore shares closed higher on Tuesday (Oct 7), buoyed by local bank DBS’ continued rally. The benchmark Straits Times Index (STI) rose 1.1 per cent or 50.55 points to end at 4,472.26. The STI’s top gainer was Yangzijiang Shipbuilding , which rose 4.1 per cent or S$0.14 to S$3.52. It was also the most…

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BHP sharpens Asia focus; bets on copper, potash over rare earths

BHP sharpens Asia focus; bets on copper, potash over rare earths

Asia’s demand resilience underscores the mining giant’s commitment to the region [SINGAPORE] BHP is doubling down on Asia as the centre of gravity for global commodity demand, while placing long-term bets on copper and potash as its core future-facing commodities, sidelining smaller plays such as rare earths. The Australian miner – the world’s largest listed…

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