News
US, China to roll out tit-for-tat port fees, threatening more turmoil at sea
[BEIJING/LOS ANGELES] The United States and China on Tuesday (Oct 14) will begin charging additional port fees on ocean shipping firms that move everything from holiday toys to crude...
Spain the frontrunner for Chinese carmaker BYD’s third European plant: sources
CHINA’S No 1 automaker BYD considers Spain to be its top candidate for a third car factory to serve the European market, two sources briefed on the matter told...
Singapore investors join gold rush as record-breaking rally continues
[SINGAPORE] Investors in Singapore have joined the global rush to buy gold since the start of 2025, as mounting geopolitical tensions and expectations of US interest rate cuts drive...
As Singdollar dramatically strengthens against the yen, will the Japanese currency stay weak?
Despite the sharp sell-off, the currency could be poised to strengthen in the medium to long term[SINGAPORE] The Japanese yen has weakened dramatically over the past week, tumbling against...
JPMorgan seeks to double Asia assets to US$600 billion by 2030
The company has managed US$302 billion in the region at the end of 2024, according to its financial filing[HONG KONG] JPMorgan Asset Management wants to double its Asia-Pacific assets...
Gold hits record high on safe-haven rush; silver follows suit
Investors continue to anticipate a 25-basis-point rate cut at the Fed meeting this month, followed by a similar reduction in December[BENGALURU] Gold prices climbed to a record high on...
Silver hits all-time high as London squeeze upends market
Demand for havens has also been aided by recurrent US-China trade tensions, threats to the Fed’s independence, and a US government shutdown[MELBOURNE] Silver prices touched an all-time high above...
Europe: Shares recover from near two-week low as Trump softens China tariff stance
European stocks are trading just below all-time highs reached last week, with a thriving AI trade and optimism over potential US rate cuts outweighing French political chaos. [BENGALURU] European...
Gov. Newsom signs AI safety bill aimed at protecting children from chatbots
Gov. Gavin Newsom on Monday signed a bill into law that aims to make artificial intelligence-powered chatbots safer despite some pushback from the tech industry.The legislation, Senate Bill 243,...
Chinese firms face shifting global IPO landscape
Nasdaq proposes raising minimum public float and fundraising requirements; is enforcing faster suspension and delisting procedures for companies that fail to meet ongoing standardsCHINESE companies pursuing overseas listings are...
JPMorgan pledges US$1.5 trillion to strengthen US economic security and resilience over next decade
The campaign boosts capital, resources and personnel that the largest US lender commits across sectors[NEW YORK] JPMorgan Chase vowed to funnel US$1.5 trillion into industries that bolster US economic...
