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BOE holds rates at 4%, keeps cautious stance on future cuts
Policymakers also voted to reduce the pace at which the BOE is reducing its government bond holdings[LONDON] The Bank of England held interest rates at 4 per cent and...
Fed’s rate-cut plans pre-empt a recession, rather than reacting to one
The Federal Reserve’s latest move is a shift from the hold-steady, wait-and-see approach to an aggressive defence of the US labour marketUS STOCKS initially gained after the US Federal...
Octave Capital launches US$75 million ocean-focused impact fund with Katapult Ocean
The fund will look into supporting relevant startups in the Asia-Pacific, as well as companies from elsewere looking to expand into the region [SINGAPORE] Octave Capital, formerly Heritas Capital,...
Apple explores test production of foldable iPhones in Taiwan: Nikkei
The company believes that releasing a long-awaited foldable model could be key to reaching the goal[BENGALURU] Apple has held discussions with suppliers for a possible test production of foldable...
Another Malaysian unit of mm2 Asia receives RM1.5 million payment demand
MM2 Star Screen is also asked to pay 5% interest on the amount owed, along with the legal costs of film distributor Antenna Entertainments[SINGAPORE] A Malaysian subsidiary of entertainment...
STI continues to slide on Wednesday, down 0.3%
Across the broader market, decliners outnumber advancers 286 to 285 after 2.3 billion shares worth S$1.4 billion change hands[SINGAPORE] The Straits Times Index (STI) closed down on Wednesday (Sep...
OCBC aims to provide social loans to 10,000 women entrepreneurs by 2030, up from 2,000 now
The programme in Indonesia, Singapore, Hong Kong and Malaysia offers financing to women-led startups within their first two years of incorporation[SINGAPORE] OCBC has set a target of providing social...
Ben & Jerry’s co-founder resigns citing loss of independence under Unilever
Jerry Greenfield says the Vermont-based company has lost its independence since UK parent Unilever curtailed its social activism[LONDON] Ben & Jerry’s co-founder Jerry Greenfield, whose name helped shape the...
EU business lobby head says China rare earths snag persists
EUROPEAN firms still face challenges in securing access to crucial rare earths from China, a business lobby warned on Wednesday, despite a July deal to speed up exports.China dominates...
Asia: Stocks swing as traders bide time ahead of US rate decision
ASIAN stock markets were mixed on Wednesday as investors bided their time ahead of an expected US interest rate cut later in the day.Traders took a breather from the...
