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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...
CGS International upgrades Grab to ‘add’, raises target price to US$7 on financial services turnaround
[SINGAPORE] CGS International has upgraded its recommendation on Grab to “add”, from “hold” previously, and raised its target price by 29.6 per cent to US$7 from US$5.40 as the...
HP bets on AI personal computers to drive revenue, eyes Asia for growth
At least one in four PCs sold by the US computer maker is AI-enabled and that could grow as customers upgrade[SINGAPORE] The lockdowns stemming from the Covid-19 pandemic drove...
Thailand unveils 44-billion baht stimulus, targets growth above 2.2%
[BANGKOK] The Thai government will spend US$1.4 billion on a consumer subsidy programme and will roll out other stimulus measures to try to spark a sluggish economy and lift...
Indonesia takes another step towards B50 biodiesel
The country aims to make B50 mandatory in 2026, but it was unlikely to happen in January[JAKARTA] Indonesia took another step towards launching biodiesel containing 50 per cent palm-oil...
OpenAI’s golden touch spreads as stocks soar off mere mentions
Talk of an AI bubble has been growing louder in recent months, with some investors likening such trading to the dot-com euphoria[CHICAGO] OpenAI has already proved it has a...
DBS jumps 3% to new all-time high, drives market cap past S$150 billion
[SINGAPORE] Shares of DBS soared more than 3 per cent on Tuesday (Oct 7), driving its market capitalisation beyond S$150 billion. The counter hit S$54.80 at market close, continuing...
Eli Lilly to invest US$1 billion in India contract manufacturing
The investment plan comes days after US President Donald Trump announced a 100% tariff on imported branded or patented drugs[MUMBAI] Eli Lilly plans to invest more than US$1 billion...
Cboe gets nod to list firms in Australia in threat to ASX
With the approval, companies will be able to list on an exchange run by the US firm in the country[SYDNEY] Cboe Global Markets received regulatory approval to conduct stock...
