Entrepreneurship
Ringgit nears one-year high on rate outlook, growth optimism
The country’s trade-dependant economy has been buoyed by signs that global demand is picking up [KUALA LUMPUR] Malaysia’s ringgit is hovering near its strongest level in a year, buoyed...
Japan’s US$132 billion borrowing binge reshapes global credit
Financing all this overseas rather than at home is getting more appealing as yen borrowing costs rise to the highest since the late 2000s[TOKYO] The end of an era...
Elite UK Reit 9-month DPU rises 9.4% to £0.0233
The improvement is attributed to interest savings through capital management and interest rate optimisation [SINGAPORE] The manager of Elite UK Reit on Tuesday (Nov 4) posted a distribution per...
Trial opens in first US civil case on 2019 Boeing MAX crash
RELATIVES of victims in the fatal crash of a Boeing 737 MAX plane operated by Ethiopian Airlines headed to court on Monday for the first civil trial relating to...
US looks to invest in rare-earth firms in race with China
The announcements are the latest in a string of actions taken by the federal government to invest directly in the supply chain of permanent magnet production[NEW YORK] The Commerce...
US: S&P 500, Nasdaq end higher on Amazon-OpenAI deal; Fed path forward grows murky
[NEW YORK] The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence-related deals driving much of the gains even as the Federal Reserve’s near-term monetary policy...
India’s Bharti Airtel posts surge in quarterly profit as higher-paying users grow
[BENGALURU] Bharti Airtel, India’s second-largest mobile carrier by number of users, posted its sixth straight quarterly profit rise on Monday (Nov 3), as users upgraded to higher-margin 4G and...
Indonesia central bank chief sees room for another rate cut
[JAKARTA] Indonesia’s central bank governor said on Monday (Nov 3) there was still room for another interest rate cut, but the timing would depend on rupiah stability and the...
MAS to encourage livelier capital markets for alternative risk financing, strengthening Singapore’s insurance hub status
The central bank will extend its support to cover non-Apac risks and renewable energy products, while continuing to prioritise solutions that address the region’s needs[SINGAPORE] The Monetary Authority of...
Eni, Petronas merge Indonesia, Malaysia assets in joint venture
The new entity, NewCo, will manage 19 assets, 14 in Indonesia and five in Malaysia[ABU DHABI/MILAN] Italy’s Eni and Malaysia’s state energy company Petronas said on Monday (Nov 3)...
