News
US Fed rate pause keeps Asian markets steady, but watch out for tariffs: market observers
[SINGAPORE] The US Federal Reserve keeping rates steady is a plus for stability in Asia’s financial markets, but trade uncertainty from tariffs remains a key risk for equities and...
Thailand to shortlist central bank chief candidates by July 2, official says
[BANGKOK] A Thai selection committee plans to shortlist candidates to be the next central bank chief by Jul 2, an official said on Thursday (May 8), ahead of the...
Gold rises as Fed warns of economic uncertainty; Sino-US trade talks eyed
Published Thu, May 8, 2025 · 09:30 AM[BENGALURU] Gold prices climbed on Thursday (May 8) after the Federal Reserve warned of rising inflation and labour market risks fuelling economic...
Bubble tea billionaire ranks swell after latest Hong Kong IPO
[HONG KONG] China’s bubble tea market is overflowing with rivals and fierce price clashes – yet it’s set to produce another billionaire couple.On Thursday (May 8), Auntea Jenny (Shanghai)...
Cash-strapped Beyond Meat gets US$100 million from diet non-profit
[NEW YORK] Beyond Meat raised US$100 million in debt financing from a plant-based diets advocate, as the company continues to search for funds to shore up its liquidity. The...
Federal Reserve chair says Trump criticism ‘doesn’t affect doing our job at all’
Published Thu, May 8, 2025 · 07:01 AM[WASHINGTON] Federal Reserve Chair Jerome Powell said on Wednesday that US President Donald Trump’s vocal criticism of the central bank’s interest rate...
Europe: Shares slip as investors assess earnings, await Fed rate decision
EUROPEAN shares ended lower on Wednesday, pausing after weeks of strong gains, while investors monitored a raft of corporate earnings ahead of the US Federal Reserve’s rate decision later...
UBS cuts bond, loan sale outlook by US$235 billion on trade tumult
Published Thu, May 8, 2025 · 06:08 AM[NEW YORK] UBS Group lowered its forecast for US corporate debt issuance this year, citing volatility tied to US President Donald Trump’s...
Riverstone Q1 profit slides 21.8% to RM56.4 million despite higher revenue
Lower gross profit margin due to higher raw material cost, foreign exchange and change in market demand dynamics, says the group[SINGAPORE] Glove manufacturer Riverstone on Wednesday (May 7) posted...
World’s richest 10% caused two thirds of global warming: study
[PARIS] The world’s wealthiest 10 per cent of individuals are responsible for two thirds of global warming since 1990, researchers said on Tuesday.How the rich consume and invest has...
