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Manhattan home sales surge 17% with cash buyers leading the way
[NEW YORK] Manhattan home sales in the second quarter were stronger than they have been in almost two years, boosted by cash buyers undeterred by the economic uncertainty created...
MAS proposals a step forward in ‘democratising’ investing, ‘strikes right balance’: observers
[SINGAPORE] The Monetary Authority of Singapore’s (MAS) proposals to strengthen product highlights sheet (PHS) requirements and streamline the framework for complex products signal a major shift in the local...
Singapore’s STI hits new high as investors flee to safe havens amid global risks
[SINGAPORE] The Straits Times Index (STI) briefly notched a new record of 4,008.15 points on Wednesday (Jul 2) as Singapore draws a rush of investors seeking safe havens from...
Gold prices ease ahead of US data as investors weigh Fed rate stance
[BENGALURU] Gold prices edged lower on Wednesday (Jul 2) as investors awaited US payroll data and assessed Federal Reserve chair Jerome Powell’s cautious stance on rate cuts, although a...
Yangzijiang Financial up 6% after update on maritime subsidiary incorporation
[SINGAPORE] Shares of Yangzijiang (YZJ) Financial rose by 6 per cent on Wednesday (Jul 2) morning, following an update by the group on its incorporation of YZJ Maritime Development,...
US, Japan, India, Australia pledge mineral cooperation on China jitters
[WASHINGTON] The United States, Japan, India and Australia pledged on Tuesday to work together to ensure a stable supply of critical minerals, as worries grow over China’s dominance in...
Trump tariff risks put Asian stocks’ strong July record to test
[SINGAPORE] A seasonal lift for Asian equities in July may be hard to come by this year as tariff and macroeconomic concerns dampen sentiment.Markets are bracing for heightened volatility...
Central banks are ditching the greenback: What’s in favour instead?
[SINGAPORE] Central banks hold a variety of assets, each serving a specific purpose tied to their mandate of maintaining monetary and financial stability.
Beyond mandate, a central bank’s holdings...
Stocks to watch: Nio, Yangzijiang Financial, Lendlease Global Commercial Reit, mm2 Asia
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 2): Nio: The electric vehicle (EV) maker delivered 24,925 vehicles in June,...
Musk takes over Tesla’s Europe, US sales after Omead Afshar’s exit
[NEW YORK] Chief executive officer Elon Musk has assumed oversight of Tesla’s sales in Europe and the US following the departure of longtime deputy Omead Afshar, sources familiar with...
