News
Qualcomm to take on Nvidia with its own AI chips
Qualcomm on Monday announced the release of a new series of artificial intelligence chips to compete with the market leader Nvidia, as the race to cash in on the...
Cordlife submits information to MOH by extended deadline it was given
[SINGAPORE] Embattled cord blood bank Cordlife announced on Monday (Oct 27) that it had submitted on the same day the necessary written representations to the Ministry of Health (MOH)...
China securities regulator unveils plan to ease foreign investor access
Qualified foreign investors will also be allowed to use exchange-traded fund options [BEIJING] The China Securities Regulatory Commission (CSRC) launched a new plan on Monday (Oct 27) to streamline...
US: Wall Street opens at record highs on US-China trade hopes
WALL Street’s main indexes opened at record highs on Monday (Oct 27), as expectations of a US-China trade truce fuelled risk-taking in a week packed with Big Tech earnings...
China’s central bank to resume bond trading on open market
China’s 10-year government bond yield fell sharply by 2 basis points following comments by PBOC governor[BEIJING] China’s central bank will resume buying and selling treasury bonds on the open...
Deutsche Bank’s DWS joins rivals in setting up Abu Dhabi office
It aims to be the preferred asset manager for institutional investors ploughing money into Europe, including Germany[FRANKFURT] Deutsche Bank’s investment arm DWS Group is opening an office in Abu...
As Fed prepares to cut rates this week, all eyes are on outcome of Trump-Xi meeting in Seoul
The prospect of a trade deal between Washington and Beijing has raised hopes of prices of goods coming down ahead of the holiday seasonThe US Federal Reserve is likely...
iX Biopharma shares jump 35% on potential US, Australia listing plans
[SINGAPORE] Shares of Singapore-based speciality pharmaceutical and nutraceutical company iX Biopharma jumped 35.1 per cent to S$0.127 on Monday (Oct 27). This was after it revealed early-stage plans for potential...
Banks not told of power plant when they gave in-principle loan commitment to Tuaspring project: witness
Consortium sends18 questions to company upon finding out about the higher-risk power plant[SINGAPORE] The consortium of banks which considered financing Hyflux’s Tuaspring project sent the water treatment company a...
Eurozone to get hard data on tariff damage as ECB sets rates
Analysts expect the bloc to maintain the minimal 0.1% expansion it managed in the three months to June[FRANKFURT] Europe will get a rigorous economic health-check this week, helping gauge...
