News
Malaysia’s palm oil exports to China down almost 29% to October
Palm oil tracks the price movements of rival edible oils as it competes for a share of the global vegetable oils market[KUALA LUMPUR] Malaysia’s palm oil exports to China...
Toyota’s October output grows for fifth straight month on strong US demand
[TOKYO] Toyota Motor said on Thursday its global production rose for a fifth consecutive month in October, lifted by strong US demand for hybrid vehicles that offset weaker sales...
Australia may weigh early rate hike as economy nears speed limit
The RBA is facing a more complex outlook than peers as its economy is entering an upswing with elevated capacity utilisation [SYDNEY] Australia’s central bank may need to raise...
Tether stablecoin stability rating reduced to ‘weak’ at S&P
A crash in Bitcoin’s price this month has left the asset on track for its worst monthly performance[LONDON] The ability of Tether’s USDT stablecoin to maintain its peg to...
MetaOptics jumps as much as 5.5% on tailwinds of proposed Nasdaq listing, US expansion
[SINGAPORE] Shares of semiconductor optics company MetaOptics rose as much as 5.5 per cent in early trading after the market opened on Thursday (Nov 27). The counter was at...
South Korea keeps rates steady as FX risks limit easing scope
[SEOUL] South Korea’s central bank kept interest rates unchanged as widely expected on Thursday as a tumbling won reduced the scope for further easing and policymakers waited to see...
Pentagon cited Alibaba on China military aid in Oct 7 letter
[WASHINGTON] The Pentagon concluded that Alibaba Group Holding, Baidu and BYD should be added to a list of companies that aid the Chinese military, according to a letter to...
New Zealand central bank says economic recovery picking up
[AUCKLAND] Early indicators suggest the economy had been expanding during the second half of this year and demand had stabilised, Reserve Bank of New Zealand Governor Christian Hawkesby told...
Stellantis deepens Europe’s reliance on China with CATL plant
[MADRID] Stellantis, the maker of Peugeot and Jeep vehicles, and China’s CATL broke ground on a 4.1 billion euros (S$6.2 billion) battery plant in northern Spain, a project that...
Europe’s Stoxx 600 climbs on Fed cut hopes; banks rally post-UK budget announcement
EUROPE’S main equity indexes closed higher on Wednesday, led by technology stocks as growing expectations of a US rate cut boosted global risk appetite, while financials also found support...
Chinese regulators block ByteDance from using Nvidia chips, The Information reports
The reported ban underscores Beijing’s efforts to reduce reliance on US technology[BEIJING] Chinese regulators have barred TikTok-owner ByteDance from deploying Nvidia chips in new data centres, The Information reported...
