News
A gold crash everyone saw coming lures bargain hunters worldwide
AS pictures of queues outside gold stores flooded social media over the past month, professional precious metals traders were getting increasingly nervous.Gold is “an overcrowded trade that’s overextended by...
Nexperia, the new crisis looming for Europe’s carmakers
Carmakers and parts suppliers warn of shortages that could halt production lines across Europe[PARIS] European automakers already buffeted by US tariffs and a rocky shift towards electric vehicles now...
Q3 reporting season kicks off with growth in S-Reits’ distributions
[SINGAPORE] The latest earnings season for Singapore-listed real estate investment trusts (S-Reits) has commenced, with seven trusts reporting their latest financial results or business updates over the past week.Of...
China baijiu makers try to woo sober Gen Z with milder liquor
[BEIJING] China’s struggling liquor distillers are pivoting to milder versions of the nation’s fiery baijiu in hopes of appealing to a younger generation of lighter drinkers.The country’s economic malaise,...
Oil slips on scepticism about US commitment to Russian oil sanctions
[HOUSTON] Oil prices fell on Friday (Oct 24) as scepticism crept into the market about the Trump administration’s commitment to sanctions on Russia’s two biggest oil companies over the...
US: Stocks end at record highs after inflation data; Dow up 1%
[NEW YORK] Wall Street stocks surged to fresh records on Friday (Oct 24) after benign US inflation data set the stage for another US Federal Reserve interest rate cut.All...
China’s central bank pledges flexible monetary policy to support growth
[BEIJING] China’s central bank pledged on Friday (Oct 24) to calibrate the intensity, timing and pace of monetary policy based on economic conditions to support stable growth.The People’s Bank...
US: Wall Street opens higher as cool inflation data fuels Fed rate cut bets
WALL Street opened on solid ground on Friday (Oct 24), as investors welcomed a cooler-than-expected inflation reading, while Intel’s upbeat results offered a boost.At 9.30 am EDT, the Dow...
MAS proposes more measures for investors to seek civil compensation from market misconduct
Proposals aim to facilitate self-organisation, provide access to funding and reduce legal barriers to civil action[SINGAPORE] The Monetary Authority of Singapore (MAS) is looking to enhance investors’ ability to...
Singapore shares rise ahead of US-China meeting; STI up 0.1%
Across the broader market, gainers beat decliners 369 to 166, as 1.6 billion securities worth S$1.4 billion change hands[SINGAPORE] US President Donald Trump’s upcoming meeting with Chinese President Xi...
Tesla offers S$5,000 incentive to drive EV adoption in Singapore, launches two new Supercharging stations
The new sites, with four Superchargers each, are at Resorts World Sentosa and Changi City Point[SINGAPORE] Tesla has announced new commercial initiatives in Singapore to encourage the adoption of...
