News
China stocks rise post-break as AI buzz outshines tepid spending
Traders are now turning their attention to policy signals ahead of the Communist Party’s Oct 20 to 23 meeting, where the blueprint for the 15th five-year plan will be...
BOJ will find another rate hike this year difficult, says ex-deputy governor
[TOKYO] The Bank of Japan (BOJ) can raise interest rates if prospects of durably meeting its 2 per cent inflation target improve, but would struggle to justify doing so...
HSBC plans to privatise Hang Seng at US$37 billion valuation
The lender plans to refrain from share buybacks in the coming three quarters as it seeks to restore its capital ratio to its operating range[HONG KONG] HSBC Holdings plans...
SoftBank’s Graphcore plans £1 billion chip investment in India
The US’s tensions with China have helped the country rise in prominence for global tech companies, but its AI infrastructure is still developing[LONDON] Graphcore, the British chip designer owned...
Crypto exchange Gemini launches Australian arm
[SINGAPORE] Cryptocurrency exchange Gemini said on Thursday (Oct 9) that it has launched an Australian operation as the firm expands into the country, offering its digital currency exchange services...
Malaysia’s data centre boom looks poised to continue despite power, labour concerns
Spillover of demand from Singapore is turning Johor into South-east Asia’s fastest-growing data centre hub[SINGAPORE] Data centre operators in Malaysia are brushing aside concerns over power and labour constraints,...
Oil prices edge up on worries about Russian output, higher US demand
[NEW YORK] Oil prices edged up about 1 per cent to a one-week high on Wednesday (Oct 8) as traders expected a lack of progress on a Ukraine peace...
US: Wall Street indices open higher with Fed remarks in focus
[NEW YORK] Wall Street’s main indices opened higher on Wednesday (Oct 8) following a blip in a steady rally, as investors awaited fresh clues from Federal Reserve officials on...
SGX securities trading volume surges 50.8% in September on stronger equities demand
[SINGAPORE] The Singapore Exchange (SGX) reported a 50.8 per cent year-on-year rise in its securities turnover volume, as demand for local equities maintained its momentum on the local bourse....
Tesla’s cheaper Model Y and 3 face uphill battle in Europe
The company hopes the cheaper cars will revive sales after global deliveries fell in 2024 for the first time[GDANSK] Tesla’s lower-priced versions of its staple Model Y SUV and...
Nestle bows out of initiative to reduce dairy’s climate impact
[DUBAI] Less than two years ago, a group of the world’s biggest food companies, including Nestle, Danone and Kraft Heinz, announced a major alliance to cut methane emissions from...
Industrial property developer Soon Hock Enterprise to offer 21.6 million shares at S$0.58 apiece in mainboard listing
The company expects to raise net proceeds of about S$34.6 million, part of which will be used for land-site and building acquisitions [SINGAPORE] Industrial property developer Soon Hock Enterprise...