Business
Demat account tally tops 175 mn; rises by 4.4 mn in September 2024
2 min read Last Updated : Oct 09 2024 | 6:43 PM IST The number of dematerialised (demat) accounts — used for holding shares and other…
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Business
Business
Mizuho buys ‘safe’ assets on risk that US soft landing fails
MIZUHO Financial Group is preparing for short-term market disruptions if investors’ predictions of a soft landing in the US prove wrong,…
Business
Kiwi falls after hefty rate cut, US dollar edges up
THE New Zealand dollar slumped on Wednesday (Oct 9) after the country’s central bank cut interest rates by 50 basis points, while the US…
Business
60% of unicorn founders in India are first time founders, says study
2 min read Last Updated : Oct 09 2024 | 5:50 PM IST The majority of unicorn startup founders in India are first-time founders, according…
Business
Tesla’s China-made EV sales grow 19.2% y/y in September
SALES of US automaker Tesla’s China-made electric vehicles rose 19.2 per cent in September from a year earlier, data from the China…
Business
Google Deepmind CEO Hassabis among 3 winners of Nobel Prize in Chemistry
Nobel Prize Chemistry 2024: David Baker, Demis Hassabis and John Jumper. (Credit: Nobel Prize Outreach) 2 min read Last Updated : Oct 09…
Business
Nvidia CEO says ‘reasoning’ AI will depend on cheaper computing
NVIDIA chief executive officer Jensen Huang said that the future of artificial intelligence will be services that can “reason,” but such a…
Business
Cash still king for Swiss businesses, central bank survey shows
CASH is still the most accepted payment method for Swiss businesses, the Swiss National Bank (SNB) said on Wednesday (Oct 9), despite…
Business
MMC Port said to be weighing mega Malaysia IPO valued at up to RM7 billion
It runs seven ports along the Strait of Malacca, one of the world’s busiest shipping lanes MMC Port Holdings has been considering an…
Business
DBS head of institutional banking group in Hong Kong to depart
DBS Group Holdings’ head of institutional banking group Hong Kong, Wallace Lam, will be leaving South-east Asia’s biggest lender,…
Business
China leads Asian stocks lower on weak stimulus
CHINESE equities were standout underperformers in Asia on Wednesday (Oct 9) as traders weighed weak economic data and Beijing’s reluctance…
Business
Analysts View: How will RBI repo rate hold, stance change affect markets?
5 min read Last Updated : Oct 09 2024 | 1:35 PM IST RBI meeting today: The Reserve Bank of India's (RBI) today, October 9, in its policy…
Business
RBI increases UPI limit for smooth payment transactions: Check revised caps
2 min read Last Updated : Oct 09 2024 | 12:40 PM IST The Reserve Bank of India on Wednesday announced revised limits for popular digital…
Business
TSMC’s third-quarter revenue easily beats market forecast
TAIWAN Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, reported on Wednesday (Oct 9) third-quarter…
Business
OK Lim has accepted judgement debt of over US$3.5 billion, but creditors will likely claw back much less
The 82-year-old and his children, Evan Lim and Lim Huey Ching, are planning to file for bankruptcy EMBATTLED Hin Leong Trading founder Lim…
Business
Kalpataru Projects share: Kalpataru Projs to sell Vindhyachal Expressway for Rs 775 cr; shares up 3%
2 min read Last Updated : Oct 09 2024 | 11:41 AM IST Kalpataru Projects International share: Kalpataru Projects International Ltd share…
Business
Thailand approves US$400 million investment by Continental to expand tyre facility
THAILAND’S Board of Investment (BOI) said on Wednesday (Oct 9) that it had approved a US$400 million investment by tyre maker Continental…
Business
SGX securities turnover value jumps 75% in September; volume up 5%
TOTAL securities market turnover value on the Singapore Exchange (SGX) increased 75 per cent year on year (yoy) to S$30.38 billion in…
Business
New Zealand steps up pace of rate cuts as economy weakens
NEW Zealand’s central bank cut interest rates by half a percentage point, stepping up the pace of easing as policymakers become more…
Business
Byju's affiliate drained cash from US units, violating bankruptcy rules
Byju’s faces a fraudulent-transfer lawsuit in a US bankruptcy court related to those funds. (Photo: Reuters) 4 min read Last Updated : Oct…
Business
FHT’s distributable income to fall by S$1.3 million after change in Australian unit status
FRASERS Hospitality Trust’s (FHT) pro forma distributable income for financial year 2024 is estimated to fall by S$1.3 million, following…
Business
Digital Core Reit recasts US$716 million loan facilities
PURE-PLAY data centre real estate investment trust (Reit) Digital Core Reit has recast US$716 million of loan facilities which will be…
Business
Gold prices steady with Fed minutes on tap
GOLD prices held steady on Wednesday (Oct 9) as traders awaited cues on US interest rate policy from the minutes of the Federal Reserve’s…
Business
Singapore shares open higher on Wednesday; STI up 0.8%
SINGAPORE stocks began Wednesday (Oct 9) morning trading in positive territory, mirroring overnight gains in the US market. As at 9.01 am,…