Business
Kasikornbank ditches key profit goal as Thai economy falters
Thailand’s second-largest lender Kasikornbank abandoned a key earnings target on concerns that the already weak economy may deteriorate…
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Business
Business
Asia: Gold glitters to new high as stocks mixed
climbed to a new record on Tuesday as investors sought out safe havens, while Japan’s Nikkei and the Hang Seng pushed higher waiting for…
Business
Metaplanet holders approve fresh funding tools to buy Bitcoin
The firm aims to quintuple its stockpile to 100,000 by the end of 2026 and hold 210,000 tokens by the close of 2027 Japanese Bitcoin…
Business
Singapore key to HSBC’s global wealth strategy, says its bank’s wealth head here
As HSBC undergoes a global overhaul of its operations, Singapore remains a key priority of the bank’s strategy to “future-proof” itself,…
Business
China’s margin trades surge to record as stock rally extends
The world’s second-biggest stock market has embarked on a surprise rally in recent months, partly reflecting optimism that China’s…
Business
China’s margin trades surge to a record amid stock rally
Chinese investors are borrowing a record amount of cash to buy local stocks, further fuelling a months-long rally that has largely been…
Business
BOJ should keep raising interest rates, Deputy Governor Himino says
[KUSHIRO, Japan] Bank of Japan Deputy Governor Ryozo Himino said on Tuesday it would be appropriate to continue raising interest rates in…
Business
Trump’s World Liberty token falls in first day of trading
The digital tokens backing the Trump family’s cryptocurrency venture, World Liberty Financial, fell in value on Monday (Sep 1) in their…
Business
Gold hovers near record high on US rate-cut hopes, soft dollar
Gold prices climbed to a more than four-month high on Tuesday (Sep 2), inching closer to the all-time high touched in April, supported by…
Business
Gold hits record high as US rate-cut hopes, softer dollar boost appeal
Gold prices climbed to an all-time high on Tuesday (Sep 2), extending gains to a sixth session on the back of a weaker US dollar and…
Business
Fu Yu provides updates on probe into its supply chain arm
Fu Yu Corporation has confirmed that its unit’s US$3 million payment to a third party, that has been the subject of a probe, was made for…
Business
Westpac to hire hundreds of bankers in business lending push
It’s expanding this presence with three new service centres in regional New South Wales, Victoria and Tasmania Westpac Banking plans to…
Business
Asia fund beating 95% of peers is bullish on chip gear makers
Chinese chipmakers are trading at a four-year high versus their US peers, but a top fund manager still sees pockets of opportunity among…
Business
Singapore Paincare receives letters of claim worth S$350,000 to S$450,000
Medical services company Singapore Paincare has received letters of claim worth between S$350,000 and S$450,000, it said in a bourse…
Business
Amazon to invest NZ$7.5 billion in New Zealand data centres
Amazon has formally launched cloud services in New Zealand and dusted off a plan first announced in 2021 to invest more than NZ$7.5…
Business
Stocks to watch: ST Engineering, ComfortDelGro, Nio, Fu Yu Corp
The following companies saw new developments that may affect trading of their securities on Tuesday (Sep 2): ST Engineering and…
Business
Japan Post Bank to launch digital yen in 2026
Japan Post Bank said it would launch a digital yen by the end of fiscal 2026 to make it more convenient for its depositors to make digital…
Business
Europe: Stoxx 600 ends higher on defence boost; Novo Nordisk jumps after Wegovy data
European shares finished marginally higher on Monday (Sep 1), supported by defence stocks, while Novo Nordisk gained after data showed its…
Business
Mizuho plans more dealmaking to become top Asia investment bank
Mizuho Financial Group is aiming to become Asia’s top investment bank by bolstering equity underwriting and M&A advisory, seeking to…
Business
Asian Markets Mixed as Japan Tech Slide Offsets China AI Strength
Asian markets started the week on a mixed footing, with Japan's Nikkei weighing on regional sentiment, but Chinese markets continued their…
Business
Revolut begins secondary share sale at US$75 billion valuation
The deal will cement the company’s status as one of the most valuable fintechs on the planet Revolut has kicked off a process for some…
Business
Airbus faces sprint to hit target after about 60 deliveries in August
Airbus needs to deliver planes at a record pace to reach its annual target after delivering about 60 aircraft in August, industry sources…
Business
Transparency and prudence guide ValueMax shares to record high
Shares of pawnbroker ValueMax have been on a tear. After a 33 per cent jump in 2024, the counter has climbed another 94.2 per cent so far…
Business
Leadership redefined: Strategic foresight, operational resilience take centre stage amid volatility
The best chief executive officers (CEOs) often exemplify strategic foresight, operational excellence, and an unwavering commitment to…