News
Intense heat to push biggest US grid’s power use to 12-year high
PJM’s demand growth is rebounding after languishing for the better part of a decade, as new data centres cropped up in Northern Virginia and spread across the gridPublished Sat,...
Oil prices settle lower as US sanctions ease fears of escalation in Iran
[HOUSTON] Oil prices settled down on Friday (Jun 20) as the US imposed new Iran-related sanctions, marking a diplomatic approach that fed hopes of a negotiated agreement, a day...
Masayoshi Son pitches US$1 trillion US AI hub to TSMC, Trump team
[TOKYO] SoftBank Group founder Masayoshi Son is seeking to team up with Taiwan Semiconductor Manufacturing to realise what could be his biggest bet yet – a trillion-dollar industrial complex...
Singapore shares end Friday in the red amid mixed regional showing; STI down 0.3%
[SINGAPORE] Local stocks ended lower on Friday (Jun 20), amid a mixed regional performance and growing concerns over a possible US military strike on Iran. The benchmark Straits Times...
Slow rate hikes could cause wage-price spiral, Bank of Japan paper says
[TOKYO] Hiking interest rates only gradually as raw material costs rise could heighten the risk of an upward spiral in wages and consumer prices, the Bank of Japan said...
China keeps benchmark lending rates unchanged as expected in June
Published Fri, Jun 20, 2025 · 09:35 AM[SHANGHAI] China kept benchmark lending rates unchanged as expected on Friday, after Beijing rolled out sweeping monetary easing measures a month earlier...
Singapore’s banking hub has a busy corner where cash is still king
[SINGAPORE] In the heart of Singapore, a financial hub where billions of dollars zip around the world over computer screens in nanoseconds, there’s a crowded building where cash still reigns.Six...
ArcelorMittal drops plans for green steel in Germany due to high energy costs
Published Fri, Jun 20, 2025 · 07:06 AM[BERLIN] ArcelorMittal, the world’s second-largest steelmaker, said on Thursday it had dropped plans to convert two plants in Germany to carbon-neutral production...
Canada will ‘adjust’ counter tariffs on US metals if no deal in 30 days
Published Fri, Jun 20, 2025 · 06:59 AM[OTTAWA] Canada will “adjust” its 25 per cent counter tariffs on US steel and aluminum in response to a doubling of US levies...
Europe: Shares dive as Middle East tensions, US involvement fears weigh
EUROPEAN shares skidded to an over one-month low on Thursday as escalating Middle East tensions and fears over potential US involvement rattled investors.The pan-European Stoxx 600 closed down for the third...
