News
Gold heads for second weekly loss, investors eye US inflation data
Published Fri, Jun 27, 2025 · 10:57 AMGOLD prices fell on Friday, poised for a second consecutive weekly loss as a slight uptick in the dollar pressured bullion while markets...
India oil law revamp unlikely to draw foreign drillers amid red tape and weak incentives
[SINGAPORE] India’s first rewrite of its 77-year-old oilfield rules kicked in on Apr 15, with New Delhi hoping it’ll help turn around a decade of sluggish output and and...
Nike profits sink but company says it is turning a corner
[NEW YORK] Nike reported sharply lower quarterly profits on Thursday, but signalled it was past the worst stage of a corporate retooling as it implements “surgical” US price increases...
Decision on naming next Fed chair not ‘imminent’: White House
[WASHINGTON] The White House said on Thursday no decision is imminent on naming a successor to Federal Reserve Chairman Jerome Powell, after a report suggested the president could do...
US: Stocks rise, S&P 500 ends just shy of record
Published Fri, Jun 27, 2025 · 06:12 AM[NEW YORK] Wall Street stocks rose on Thursday with tech equities leading, after the White House signalled President Donald Trump could extend a July...
US: S&P 500, Nasdaq open near record peak as Micron results boost chip stocks
Published Thu, Jun 26, 2025 · 09:44 PM]NEW YORK] Wall Street’s S&P 500 and Nasdaq indexes opened near a record high on Thursday (Jun 26) as robust earnings from...
Salesforce CEO says 30% of internal work is being handled by AI
Tech leaders have been increasingly vocal about the potential for AI to replace human workersPublished Thu, Jun 26, 2025 · 08:39 PM[NEW YORK] Salesforce chief executive officer Marc Benioff...
Asian markets in full swing as investors shake off trade jitters
[HONG KONG] Trading desks across Asia are buzzing with excitement again, as the region shakes off tariff shocks and attracts investors with its solid growth prospects.
From stocks to currencies...
China tech firms ramp up M&A deals with the blessing of Beijing
[BEIJING] After a chastening crackdown that wiped billions off their value and forced top executives out of the public eye, China’s technology giants are back in favour and on...
China opens first offshore gold vault and contracts in Hong Kong
[SINGAPORE] The Shanghai Gold Exchange (SGE) has expanded outside mainland China for the first time, with the rollout of two new contracts and a bullion vault in Hong Kong.The...
Indonesia’s yield curve may steepen as Bank Indonesia unwinds intervention
[JAKARTA] Indonesia’s sovereign yield curve is set to steepen as the central bank reduces its use of short-term rupiah securities, prompting a shift in demand towards government bonds.The spread...
Civmec to acquire ship manufacturer Luerssen Australia for A$20 million
The aim of the deal is to solidify Australia’s sovereign shipbuilding capability[SINGAPORE] Australian construction engineering company Civmec will purchase Luerssen Australia from Naval Vessels Lurssen (NVL) Australia for A$20...