Business
JPMorgan flips forecast, sees Fed cutting rates in December
The Federal Open Market Committee, led by Chair Jerome Powell, meets in Washington on Dec 9 and Dec 10 Economists at JPMorgan Chase see…
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Business
Business
New Zealand central bank says economic recovery picking up
Early indicators suggest the economy had been expanding during the second half of this year and demand had stabilised, Reserve Bank of New…
Business
Campbell’s responds to ‘absurd’ charge it uses 3D-printed chicken
FOOD giant Campbell’s has dismissed as “absurd” claims allegedly made by a senior executive, who has since been placed on leave, that its…
Business
US: Wall Street extends rally on growing bets for December Fed rate cut
Wall Street gained ground on Wednesday as revived tech strength and the growing probability of a December interest rate cut from the US…
Business
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…
Business
Oil up as investors await clarity on supply, Russia-Ukraine deal
Oil prices edged up on Wednesday ahead of the US Thanksgiving holiday, as US investors assessed prospects of oversupply and talks over a…
Business
Climate change 'increasingly threatens' dynamic Spanish economy: OECD
The consequences of climate change such as last year's deadly floods "increasingly threaten" the growth of Spain's economy, one of the…
Business
Wall Street opens higher as December Fed rate-cut bets grow
Wall Street’s main stock indexes opened higher on Wednesday (Nov 26), as investors parsed through a fresh batch of economic data and…
Business
US: Wall Street opens higher as December Fed rate-cut bets grow
Wall Street’s main stock indexes opened higher on Wednesday (Nov 26), as investors parsed through a fresh batch of economic data and…
Business
Chinese regulators block ByteDance from using Nvidia chips, The Information reports
The reported ban underscores Beijing’s efforts to reduce reliance on US technology Chinese regulators have barred TikTok-owner ByteDance…
Business
Li Auto adds to gloomy China EV outlook with revenue miss
In Q3, the company’s revenue fell 36%, the worst drop since its US listing in 2020 Li Auto’s fourth quarter forecasts fell short of…
Business
Snapchat is nearing 1 billion monthly users. Why can't it turn a profit?
Snapchat, an app whose disappearing messages and silly face filters made chatting with loved ones more casual, is close to a milestone…
Business
IHH Healthcare’s Q3 net profit rises 15% to RM616 million
Revenue is up 16% at RM6.6 billion, on the back of strong performances from key markets Malaysia and India IHH Healthcare on Wednesday…
Business
China’s Didi Q3 revenue up 8.6% as costly overseas expansion accelerates
The company has accelerated overseas investment this year, notably expanding food delivery to additional cities Didi Global reported an…
Business
Singapore stocks track Wall Street gains; STI up 0.4%
Across the broader market, gainers outnumber losers 280 to 258, after 1.3 billion securities worth S$1.3 billion change hands Singapore…
Business
MOH orders Cordlife to stop collecting new cord blood in fresh blow to company
Embattled cord-blood bank Cordlife received a notice from the Ministry of Health (MOH) to stop collecting, testing, processing and/or…
Business
MOH orders Cordlife to stop collecting cord blood; company calls for trading halt
Embattled cord-blood bank Cordlife received a notice from the Ministry of Health (MOH) to stop collecting, testing, processing and/or…
Business
Citigroup hires Nomura, Wells Fargo traders in foreign-exchange business push across Asia
Citigroup has hired seven personnel, including former traders from Nomura International and Wells Fargo, to boost its foreign-exchange…
Business
Hiew Yoon Khong's exit: help list Mapletree or merge it with CapitaLand
Lay the foundations for Mapletree’s next chapter and let retail investors own equity in it HIEW Yoon Khong has been group chief executive…
Business
SoftBank’s 40% slide since October underscores mounting worry over its giant OpenAI bet
Japanese tech investor leads AI selloff amid concerns over new pressure on OpenAI after Gemini 3.0 debut Growing unease over frothy…
Business
Japan's Nikkei surges after Wall Street's gains
Japan’s Nikkei share average surged on Wednesday (Nov 26), with tech stocks leading the charge in a broad-based rally after Wall Street…
Business
Surgical tech firm UltraGreen.ai files for US$150 million IPO on SGX mainboard
It is offering 112.1 million shares at US$1.45 or S$1.892 apiece; of which 5.9 million shares will be offered via a public offer in…
Business
Surgical tech firm UltraGreen.ai files for US$377.1 million IPO on SGX mainboard
It is offering 112.1 million shares at US$1.45 or S$1.892 apiece; this includes 5.9 million shares for a retail tranche in Singapore…
Business
EXCLUSIVE: Emi Jay Founder Julianne Goldmark on Selling One Million Claw Clips and What’s Next
The Emi Jay girls have spoken, and claw clips are here to stay. Hair care and accessories brand Emi Jay has sold more than one million of…