News
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...
Trump extends deadline for TikTok sale by another 90 days to Sep 17
[WASHINGTON] US President Donald Trump announced on Thursday (Jun 19) that he has given social media platform TikTok another 90 days to find a non-Chinese buyer or be banned in the...
Bank of England keeps rates steady, sees further loosening as jobs market weakens
[LONDON] The Bank of England held interest rates at 4.25 per cent as expected on Thursday (Jun 19) but said it was focused on risks from a weaker labour...
Japan to cut super-long bond sales by 10% to calm markets
[TOKYO] Japan’s government plans to cut sales of super-long bonds by about 10 per cent from its original plan in a rare revision to its bond programme for the...
Prudential, AIA still offering pre-authorisation at Mount Elizabeth hospitals despite Great Eastern’s shock move
[SINGAPORE] Insurers in Singapore are not following Great Eastern’s footsteps to suspend pre-authorisation certificates for admission into Mount Elizabeth Hospital and Mount Elizabeth Novena Hospital. Prudential and AIA told...
South-east Asia’s budget airlines bet on travel demand, despite competition woes
[SEOUL] South-east Asia’s biggest budget airlines are pursuing a bruising capacity expansion race despite rising cost pressures that are squeezing profitability and led Qantas Airways to shut down Singapore-based...
