News
Australia’s central bank swings to A$11 billion profit, again skips paying dividend to government
[SYDNEY] Australia’s central bank swung to an accounting profit last financial year on lower bond yields and a depreciating currency, though it remained in negative equity and did not...
SoftBank to buy ABB’s robotics arm in US$5.4 billion deal
[TOKYO] SoftBank Group has agreed to acquire ABB’s industrial robots unit at an enterprise value of almost US$5.4 billion, reflecting the Japanese investment firm’s interest in the burgeoning field.The...
Gold is booming. From mega vaults to discreet transport, who are the key players in Singapore?
[SINGAPORE] Gold surged into uncharted territory on Wednesday (Oct 8), opening above US$4,000 an ounce for the first time, in a year that has seen it consistently set new...
Indian garment exporters reel under US tariffs
Trump’s anger at the Asian country’s purchases of Russian oil has left New Delhi facing some of the world’s steepest levies[TIRUPPUR, India] When Donald Trump was elected, Indian garment...
Singapore dollar surges against the Japanese yen to its strongest level in more than a year
[SINGAPORE] The Singapore dollar strengthened to its strongest level against the Japanese yen in more than a year on Wednesday (Oct 8) morning.The latest move marks the rapid weakening...
Gold zooms past US$4,000 for first time in historic flight to safety
[BENGALURU] Gold raced past US$4,000 an ounce for the first time on Wednesday (Oct 8) as investors piled into a historic rally in the safe haven to hedge against...
Shell petrol stations in Indonesia run dry on supply shortages
[SINGAPORE] Shell’s retail petrol stations in Indonesia have run out of petrol as import restrictions imposed by the South-east Asian nation crimp supplies.Three varieties of petrol are currently not...
US air traffic control staffing hit for second day, delaying flights
[WASHINGTON] Air traffic control staffing issues are delaying flights for a second straight day at numerous US airports as the government shutdown reaches its seventh day, the Federal Aviation...
Future-proofing accountants in an AI-driven world
Far from replacing accountants, artificial intelligence is creating opportunities for the profession to evolve into more strategic, analytical, and trusted advisory rolesARTIFICIAL intelligence (AI) is rapidly transforming the global...
US: Wall Street retreats from record closing highs as economic worries mount
Bitcoin-related stocks have reversed on Monday’s gains as the cryptocurrency backed away from record highs [NEW YORK] US stocks closed lower on Tuesday (Oct 7) as investors, deprived of...
