Business
Deutsche Bank sees gold at US$4,000 next year on Fed cuts, China
Deutsche Bank expects gold to average US$4,000 an ounce in 2026, as US Federal Reserve rate cuts and buying by China’s central bank ensure…
Section
Business
Business
Big US banks lower prime lending rates after Fed rate cut
MAJOR US lenders lowered a key interest rate on Wednesday, providing US consumers a reprieve on borrowing costs, after the Federal Reserve…
Business
China tells companies to stop buying Nvidia’s repurposed AI chip
The chipmaker has pressed the Trump administration for relief from export controls that have hampered its ability to sell to customers in…
Business
Oil prices ease on US demand concerns
Oil prices eased on Wednesday after data showing an increase in US diesel stockpiles stoked worries about demand and the US Federal…
Business
Europe: Shares close flat ahead of Fed decision, Puma jumps
EUROPEAN shares ended flat on Wednesday as investors avoided making big bets ahead of the Federal Reserve’s monetary policy decision,…
Business
Bank of Canada cuts rates to 2.5%, says ready to cut again if risks rise
The Bank of Canada reduced its key policy rate to a three-year low of 2.5 per cent on Wednesday (Sep 17), the first cut in six months, and…
Business
US: Stocks end mixed as Fed rate cut sparks volatility
Wall Street stocks finished mixed after the Federal Reserve announced its first interest rate cut of 2025 and signalled it could enact two…
Business
US Fed lowers interest rate by 25 basis points, signals more cuts ahead
The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday and indicated it will steadily lower borrowing…
Business
Tanger Extends Acquisition Streak With Kansas Outlet Center Purchase
Tanger has extended its streak of retail property acquisitions by purchasing Legends Outlets, a 690,000-square-foot open-air outlet center…
Business
Vietnam's Sugar Sector Battles Smuggling and Market Challenges
Vietnam's sugar sector is under increasing strain from a flood of undocumented, low-cost sugar flooding the market, threatening native…
Business
Another Malaysian unit of mm2 Asia receives RM1.5 million payment demand
MM2 Star Screen is also asked to pay 5% interest on the amount owed, along with the legal costs of film distributor Antenna Entertainments…
Business
Jake Cortez AI Growth Advisor: Breaking 7-Figure Revenue Ceilings
Jake Cortez's journey from incarceration to becoming a leading AI Growth Advisor represents one of the most compelling transformation…
Business
OpenAI Rolls Out Teen-Focused ChatGPT With Stricter Safety Controls
OpenAI is rolling out a new teen-oriented edition of ChatGPT, designed specifically to provide younger users with a safer, more tailored…
Business
US: Wall St opens flat ahead of Fed's policy decision
Wall Street’s main indexes opened subdued on Wednesday (Sep 17) ahead of a widely anticipated interest-rate cut from the Federal Reserve…
Business
Who Is Diego Pasini? The 20-Year-Old Student Now Leading Elon Musk's xAI Team
Elon Musk's AI company xAI has shocked many in the tech world by appointing a 20-year-old student to head one of its most important teams…
Business
Manchester United posts sixth year of net loss, forecasts revenue dip
MANCHESTER United reported an annual net loss for the sixth consecutive year on Wednesday (Sep 17) and forecast lower revenue for the…
Business
STI continues to slide on Wednesday, down 0.3%
Across the broader market, decliners outnumber advancers 286 to 285 after 2.3 billion shares worth S$1.4 billion change hands The Straits…
Business
Indonesia central bank delivers surprise rate cut to boost growth
Indonesia’s central bank delivered another surprise interest rate cut on Wednesday (Sep 17), its sixth cut since it kicked off an easing…
Business
OCBC aims to provide social loans to 10,000 women entrepreneurs by 2030, up from 2,000 now
The programme in Indonesia, Singapore, Hong Kong and Malaysia offers financing to women-led startups within their first two years of…
Business
Ben & Jerry's co-founder resigns citing loss of independence under Unilever
Jerry Greenfield says the Vermont-based company has lost its independence since UK parent Unilever curtailed its social activism Ben &…
Business
Year-old images of Huthi Red Sea strikes resurface after attack on Israeli-owned vessel
After Yemen's Huthi rebels claimed to have struck an Israeli-owned tanker in the Red Sea, images of burning vessels were shared in social…
Business
Del Monte Pacific gets Philippine Stock Exchange suspension after annual report non-submission
DMP did not meet the PSE’s extended deadline “due to the same reasons disclosed by the company (when) requesting the extension” The…
Business
Openspace Ventures rebrands as Openspace Capital, launches two new funds
The equity growth offering seeks to tap MAS’ EQDP, while the private credit strategy presents companies with more options for capital…
Business
Hong Kong to speed up development of border tech hub, John Lee says
Absent bold new measures, the city’s housing market is likely to remain under pressure, with home values hovering near their lowest since…