Business
China weighs injecting 1 trillion yuan of capital into top banks
CHINA is considering injecting up to 1 trillion yuan (S$183 billion) of capital into its biggest state banks to increase their capacity to…
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Business
Business
$8 trn opportunity in sustainable cooling for developing economies: Report
Closing existing shortfalls in access to cooling for households and SMEs in developing countries will require USD 400-800 billion, in…
Business
RBNZ says bank capital rules just one part of lending decisions
NEW Zealand’s central bank has defended its position on bank capital requirements after claims they may be contributing to a lack of…
Business
Australia central bank warns households against over-borrowing once rates fall
AUSTRALIA’S central bank on Thursday cautioned borrowers against taking on excessive debt when interest rates start to fall and risking a…
Business
Bank of Japan policymakers divided on future rate hike pace, July minutes show
BANK of Japan policymakers were divided on how quickly the central bank should raise interest rates further, minutes of the bank’s July…
Business
Citibank to close last branch in Singapore in October amid shift to wealth hubs
CITIBANK will close its last branch in Singapore as it focuses on serving customers online and advising affluent clients at its wealth…
Business
Blackstone confirms £10 billion investment in Britain for AI data centre
US PRIVATE equity firm Blackstone has confirmed a £10 billion (S$17.2 billion) investment for an artificial intelligence data centre in…
Business
UK car production falls for sixth straight month in August
BRITISH car productions fell for the sixth consecutive month in August, a traditionally lower output month affected by summer shutdowns…
Business
Meta debuts Orion AR glasses as eventual smartphone rival
META Platforms debuted its first pair of augmented reality (AR) glasses – devices that show a combined view of the digital and physical…
Business
Oil falls on easing Libya supply concerns, lingering China demand worries
OIL prices slumped over 2 per cent on Wednesday as worries over supply disruptions in Libya eased and demand concerns continued despite…
Business
US: Dow, S&P 500 retreat from records ahead of inflation data
THE Dow and S&P 500 fell on Wednesday, retreating from records amid a banner period for markets ahead of key US inflation data. Analysts…
Business
Micron soars after AI computing demand bolsters forecast
MICRON Technology, the largest US maker of computer memory chips, surged in late trading after giving surprisingly strong sales and profit…
Business
Rajasthan govt goes all out to woo investors for December summit
Rajasthan Chief Minister Bhajan Lal Sharma (File Photo: PTI) 2 min read Last Updated : Sep 26 2024 | 12:05 AM IST Even as the state…
Business
China to give one-off cash handouts for poor people in rare use of aid
3 min read Last Updated : Sep 25 2024 | 11:52 PM IST China said it will give one-off cash handouts to people in extreme poverty before…
Business
India's top bourse is said to have doubled in value amid IPO hopes
The National Stock Exchange in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg 3 min read Last Updated : Sep 25 2024 | 11:40 PM IST…
Business
PLI investment in mobiles, production surpasses target: IT secretary
2 min read Last Updated : Sep 25 2024 | 11:29 PM IST Investment in mobile phone manufacturing under the PLI scheme as well as production…
Business
Volume and value of loan disbursements decline marginally: Report
2 min read Last Updated : Sep 25 2024 | 6:43 PM IST For the first time in over four quarters, the volume and value of credit disbursements…
Business
Malaysia’s central bank sees ‘enduring support’ for ringgit
The Malaysian currency has been buoyed by signs of a rebound in China, the nation’s largest trading partner The rally in Malaysia’s…
Business
South Korea’s Hanwha hits back at estate of Dyna-Mac’s founding shareholder
SOUTH Korean conglomerate Hanwha rebutted criticism from the estate of Dyna-Mac’s founder that its voluntary conditional offer is not…
Business
Elon Musk's X says it's policing harmful content as scrutiny of the platform grows
Amid rising concerns that X has become less safe under billionaire Elon Musk, the platform formerly known as Twitter is seeking to assure…
Business
Coal imports rise marginally by 0.9% to 90.51 MT in Apr-Jul of FY25
Coal production during the April-July FY25 period increased 9.56 per cent to 321.40 MT 2 min read Last Updated : Sep 25 2024 | 3:41 PM IST…
Business
Volkswagen squares off with union over German plant closures
VOLKSWAGEN and unions start negotiations over wide-ranging cost cuts on Wednesday (Sep 25), with tensions between both sides higher than…
Business
Investors face ‘pain trade’ amid China stimulus: Barclays
INVESTORS who have snubbed stocks tied to Chinese growth may face a “pain trade” after the world’s second-biggest economy unleashed a new…
Business
New World mulls replacing CEO Adrian Cheng
NEW World Development, the Hong Kong property developer owned by the billionaire Cheng family, is considering replacing third-generation…