Entrepreneurship
Australia’s central bank cuts rates to two-year low of 3.85%
[SYDNEY] Australia’s central bank on Tuesday (May 20) cut its main cash rate by 25 basis points to a two-year low of 3.85% citing a darker global outlook and...
Japan PM hits out at farm minister over free rice claim
[TOKYO] Japanese Prime Minister Shigeru Ishiba on Tuesday reprimanded the farm minister for claiming he never buys rice because he gets it free, provoking the ire of consumers facing soaring...
China banks cut deposit rates to aid margins, drive spending
MAJOR Chinese banks cut deposit rates again, in the latest efforts to preserve their shrinking profitability and drive consumers to spend more amid a flagging economy.Lenders including the Industrial...
China’s central bank cuts two key rates to historic lows
[BEIJING] China’s central bank on Tuesday (May 20) cut two key interest rates to historic lows, as Beijing battles to stimulate its economy amid see-saw trade tensions with the...
Stocks to watch: DFI Retail Group, Q&M Dental Group, Aoxin Q&M, Ossia International
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (May 20).DFI Retail Group: The group’s underlying profit for Q1 2025 fell 18...
FAA investigating after Newark air traffic control suffered two-second outage
Published Tue, May 20, 2025 · 07:59 AMTHE Federal Aviation Administration said the facility that handles Newark air traffic on Monday lost radio frequencies for about two seconds, the...
Microsoft strikes deal with Musk to host Grok AI
[SEATTLE] Microsoft on Monday said its business cloud servers will now host technology from xAI, days after the chatbot from the company owned by Elon Musk went off the...
Oil settles up as signs of US-Iran impasse counter economic concerns
[NEW YORK] Oil prices settled marginally higher on Monday as signs of a breakdown in US talks with Iran over its nuclear programme offset a Moody’s downgrade of the US...
US: Stocks end higher, shrugging off Moody’s downgrade
[NEW YORK] Wall Street stocks edged higher on Monday after shrugging off a spike in US Treasury bond yields following Moody’s downgrade of the US credit rating.But yields subsequently eased as...
US: Wall St opens lower after Moody’s rating cut; yields rise
Published Mon, May 19, 2025 · 09:51 PM[NEW YORK] Wall Street’s main indexes opened lower on Monday (May 19) as Treasury yields rose after Moody’s downgraded the US sovereign...
