News
HSBC’s top boss bets US$14 billion on Hong Kong in push for growth
For a bank that has spent much of the last decade shying away from major deals, Elhedery’s approach marks a sea change from his predecessors[LONDON] After spending the past...
Oil settles 1.6% lower after Gaza ceasefire
Opec+ has agreed on Sunday to a November output hike that was smaller than market expectations, easing oversupply concerns[HOUSTON] Oil prices settled lower on Thursday (Oct 9) after Israel...
Boggle and Pictionary TV games coming to Netflix
Netflix on Wednesday night unveiled its first games for the TV, as the Los Gatos streamer aims to gain a bigger share of the video game market. The five...
US dollar mixed as yen sell-off wanes, euro hit by French politics
[NEW YORK] THE US dollar was mixed on Thursday (Oct 9) as a sell-off in the Japanese yen appeared exhausted for now, while the euro was dented by political...
Surprise rate decisions in Asia signal growing economic unease
They underscore growing domestic economic and market uncertainties exacerbated by US tariffs[HONG KONG] Three central banks over two days surprised markets and economists with unexpected interest rate decisions, each...
Ferrari lifts the hood on EV tech in maiden electric car
The unveiling offers a glimpse into the brand’s EV future, marking a major milestone in the auto industry’s shift from combustion to battery power[MARANELLO] Ferrari has unveiled the technology...
Asia’s Reit market ‘finally recovering’ amid lower interest rates and new listings: Aprea
[SINGAPORE] The real estate investment trust, or Reit, market in Asia is “finally recovering” on the back of lower interest rates, higher investor demand and a surge in new...
Philippine central bank unexpectedly cuts rates as graft scandal hits confidence
The BSP reduces the overnight target reverse repurchase rate by 25 basis points to 4.75%[MANILA] The Philippine central bank unexpectedly cut the benchmark interest rate by a quarter point...
HSBC is tackling Hong Kong’s commercial real estate crisis
[HONG KONG] For those concerned with financial stability, HSBC Holdings. is doing the right thing by taking its Hong Kong subsidiary private. But its shareholders do not like it....
BHP-China iron ore standoff may drag into 2026 as talks stall
CMRG has been pushing to sign long-term contracts on behalf of the country’s main steel mills, according to the sources[LONDON/SINGAPORE] A price dispute between mining giant BHP Group and...
