Fashion
RBNZ surprises with larger rate cut, sparking currency drop
Growth has been tepid since a deep recession in 2024 despite the the central bank’s aggressive easing cycle [WELLINGTON] New Zealand’s central bank cut interest rates more aggressively than...
Gold prices hit record high, nears US$4,000 per ounce mark on safe-haven demand
[BENGALURU] Gold prices climbed to an all-time high on Wednesday (Oct 8), nearing the crucial US$4,000-per-ounce level, bolstered by economic and geopolitical uncertainty and expectations of additional interest rate...
Keppel Reit to buy 75% stake in Sydney mall for A$393.8 million in first pure-play retail purchase
This marks its expansion into the retail sector, the manager’s chief executive says[SINGAPORE] Keppel Real Estate Investment Trust (Reit) has entered an agreement to acquire a 75 per cent...
Ikea buys US logistics tech firm Locus in online growth push
[LONDON/STOCKHOLM] Ikea has acquired US logistics technology firm Locus, the two companies said on Tuesday (Oct 7), a deal the Swedish furniture retailer said would make its deliveries to...
Dell raises growth targets for next four years on strong AI server demand
The company continues to expect revenue growth of 2 to 3 per cent for its client solutions group, which includes personal computers[BENGALURU] Dell on Tuesday (Oct 7) nearly doubled...
Europe: Luxury rebound in France cushions European stock losses amid turmoil
[BENGALURU] European stocks slipped on Tuesday (Oct 7), dragged down by healthcare and bank shares, while a luxury-led rebound in France kept regional losses in check after Monday’s political...
US: Wall Street opens higher as Fed cues awaited
WALL Street’s main indexes opened higher on Tuesday (Oct 7), a day after the S&P 500 and the Nasdaq hit record closing highs, with focus now shifting to a...
NYSE parent nears deal for US$2 billion stake in crypto-based betting startup Polymarket: sources
INTERCONTINENTAL Exchange, the parent of New York Stock Exchange, is in talks to invest US$2 billion in Polymarket, The Wall Street Journal reported on Tuesday (Oct 7), citing people...
Stablecoins could suck US$1 trillion from emerging-market 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...
Airbus A320 ousts Boeing 737 as most-delivered jet in history
[PRAGUE] Europe’s Airbus broke a major commercial barrier on Tuesday (Oct 7) when its A320 family of planes overtook the Boeing 737 to become the most-delivered jetliner in history.Boeing’s...
